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Considering both closed-end installment loans and open-end credit


Considering both closed-end installment loans and open-end credit

The implications as pay day loans evolve are blended. Of this 36 states that presently enable payday financing, including hybrid states that enforce some restrictions, only three states have actually solid price caps of 36% or less for the $500 loan or credit line. Ten payday states have caps as much as 48%, however some license costs that may drive the APR that is full. Read more!