Payday loans—also called cash advance payday loans, check advance loans, deferred deposit loans, and post-dated check loans—are short-term, high-interest loans in levels of $100 to $1,000 from a payday lender’s store, on the web, and on occasion even some banking institutions. For their high interest rates—upwards of 300 % APR (apr)—payday loans are unlawful in […]
