Payday loans are made by payday loan stores, check cashers, and pawn shops. Some rent-to-own companies also make payday loans. Loans are also marketed via toll-free telephone numbers and over the Internet. All a consumer needs to get a payday loan is an open bank account in relatively good standing, a steady source of income, and identification. Lenders do not conduct a full credit check or ask questions to determine if a borrower can afford to repay the loan.
Legal Status: Prohibited
Small Loan Rate Cap: $9.50 per $100 per year interest, plus service charge of $1.50 per $50 per year, up to $150 if interest discounted.
Call for Cash: +1 (855) 462-5019
State Rate & Fee Regulations