Tag Archives: Interest

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payday loan comp. charges 4.1 % interest for a 4-week period. What would be the annual inter. rate for zat com?

A payday loan company charges 4.1 percent interest for a 4-week period. What would be the annual interest rate from that company?

Lawmaker takes interest in car-title, payday loans

Hampton Roads, Virginia – Last month, Del. Glenn Oder sat down with a car-title loan officer to find out how many ways he could get fleeced. To be fair, Oder doesn’t characterize it as a fleecing. He considers it more of a fact-finding mission.

View full post on Payday Loan Industry Watch (PLIWatch.org) News

Pentagon backs effort to cap interest rate on ‘payday loans’

Washington, D.C. – The Pentagon has thrown its support behind a federal initiative to cap the annual interest rate of so-called ‘payday loans’ to military personnel at 36 percent.

View full post on Payday Loan Industry Watch (PLIWatch.org) News

Talent renews push for cap on payday loan interest rates

Washington, D.C. – Sen. Jim Talent on Thursday renewed his push for legislation to stop payday loan companies from targeting military personnel.

View full post on Payday Loan Industry Watch (PLIWatch.org) News

How do I handle a payday loan store and STOP paying the interest fees? ?

Any advice for how to stop paying the huge interest fees on and just pay the principal loan amount? They are legal in my state, but I’ve got to pay my essential bills now and I feel so caught.

Are there any places out there that give out the first payday loan free of interest?

I need to get some money by tomorrow afternoon, and I was hoping there are still places that do the interest-free first loan. This is my first time doing anything of this sort, so I’m very nervous. Please help!

Arkansas delegation supports payday loan interest cap

Little Rock, Arkansas – Members of Arkansas’ congressional delegation said Friday that America has a responsibility to protect military service members and their families from predatory loans.

View full post on Payday Loan Industry Watch (PLIWatch.org) News

Oregon: Report sparks interest in tightening payday loan rules

Portland, Oregon – More than 100 Oregonians lost their cars, and 104,000 had problems repaying after borrowing money from payday and car title lenders last year, a state agency reports.

View full post on Payday Loan Industry Watch (PLIWatch.org) News

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