Use this calculator to see your potential payday loan APR. Payday loans can put your finances at risk, so it’s a good idea to compare alternatives. Many, or all, of the products featured on this ...

The Nebraskans for Responsible Lending coalition announced Thursday they had collected enough signed petitions to get an initiative that would cap the annual interest rate on payday loans at 36% ...

But more states are bringing that number down by setting rate caps to curb high-interest lending. Currently, 18 states and Washington, D.C., have laws that limit short-term loan rates to 36% or ...

Interest rates are capped at 28%, making PALs a much more affordable option compared to traditional payday loans. Some types of PALs are immediately available after joining a credit union.

That has happened in most of the 16 other states that have passed similar interest rate caps. If payday lenders do pull out of Nebraska, Nebraskans have other options for small, short-term loans ...

Payday lenders market themselves as a fast financial fix by offering quick cash online or in storefronts — but often lead borrowers into debt traps with triple-digit interest rates up to 300% to ...

The CRL figured typical rates for payday loans in each state by looking at how much the nation’s five largest payday lenders would charge there on a $300 loan for 14 days. The 652% interest rate ...

House chairwoman backs interest rate cap on payday loans by Sylvan Lane - 12/20/19 1:58 PM ET. by Sylvan Lane - 12/20/19 1:58 PM ET. Share ...

Those loans typically ranged from a few hundred dollars to a few thousand, and they carried average annual interest rates — or APRs — of 179% for car title loans and 297% for payday loans.

Rep. John Lombardi has collected at least 50 signatures from bipartisan house lawmakers to force a vote on payday loan reform; RI is the only state in New England that allows triple digit interest ...

Fewer Illinois residents using payday lenders after state capped interest rates High-cost consumer loans with interest high as 200% have plummeted since a state law passed in March 2021 put a ...