Category Archives: Easy Payday Loans Online

Associated with the 44 states whose non-bank lending statutes specifically enable open-end credit

  • 14 states don’t cap prices for the $500 cash advance and 16 fail to cap prices for a $2000 advance.
  • 14 states have price caps but don’t have unambiguous, airtight caps regarding the costs that loan providers can impose for a $500 cash loan, and 13 get into this category for a $2000 advance.
  • For a $500 advance loan, 4 states cap the complete APR at 36per cent or less, 7 limit it between 39% and 54%, 4 limit it at 59% to 89per cent, and Tennessee caps it at 279%. Continue reading