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You are here: Home Categories Finance & Investing What is the maximum allowed interest rate on a payday loan?

Is there a maximum interest i can charge some one for a loan? if so how can credit card companies chatge upto 30%? The credit card companies i have seen raise interest on their loans go up to 30%. then is...

How do i fiqure out the interest rate? I am trying to find the interest rate on the following formula 5000 loan 0ver 29 months +...

What is the maximum legal interest rate for a car loan?

Connecticut state maximum auto loan interest rate?

Halifax web saver extra interest rate and maximum number of withdrawals allowed without losing interest What is the current halifax web saver interest rate. how many withdrawals can you make without...

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steve8miller

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Submitted 724 days ago...

tex0322

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What is the maximum allowed interest rate on a payday loan?

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Answer 1 / 3 - Submitted 724 days ago...

tex0322

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Answer 2 / 3 - Submitted 724 days ago...

steve8miller

Brain (6,815)

LOL. Wow this can be anything, it depends on the state in some cases. I have heard it climbing over 500%. It seems like the payday loan corporations can do pretty much what ever they want. I saw somewhere like 37 percent or 36%. However if you include that 500% in there the average is insane. The payday feeds off the poor, to make the rich richer, and when it comes to taking from the poor and giving to the rich, all bets are off. They do whatever they want.

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Answer 3 / 3 - Submitted 724 days ago...

steve8miller

Brain (6,815)

The problem is they are allowed hiding things like this. Not everything is in that very, very, fine print. It is a sad deal really. I have heard some horror stories.

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