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LEGAL ISSUES: Better Alternatives to Pay Day Loans

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LEGAL ISSUES: Better Alternatives to Pay Day Loans

Payday advances are an insidious trap with astronomical rates of interest. Are there any better choices?

Hold on your hats — payday advances in Rhode Island that we recently reviewed had APRs operating between 255 per cent to simply over 260 %.

An trap that is insidious

Beneath the agreements we reviewed, during the time of the mortgage, https://tennesseetitleloans.org/ borrowers had been needed to provide the loan provider a post-dated search for the total amount of the mortgage along with a charge. (more…)