Tag Archives: loan amount

Payday Loan Limits Take Effect | Payday loans

More than a million people will see the cost of borrowing lower now that new price caps on payday loans have come into effect. However, early indications are that many of the biggest players in the industry will charge the maximum amount allowed by the new regime, instead taking the …

Read More »

Payday loans could spur a costly cycle of debt

CHICAGO (MarketWatch) – Payday loans are designed as a stopgap for those struggling with budgets. But in many cases, these short-term loans, mired in high interest charges, perpetuate a costly cycle of mounting debt. A payday loan is like a cash advance on your salary. Marketed as a temporary solution …

Read More »