How are payday loans regulated?
Among various types of loans that are available for people going through tough financial times, payday loans are a useful medium for many individuals. Payday…
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How do I file a payday loan complaint?
Consumers can file a payday loan complaint with a newly-established page on the Consumer Financial Protection Bureau’s website. If a borrower has a question or…
→ Read MoreShould I get a payday loan online or offline?
Due to convenience, ease, risk, and accessibility, prospective borrowers may find it more convenient to get a payday loan online rather than through a store….
→ Read MoreWhat is the APR of my payday loan?
To calculate the APR of your payday loan, use the formula ((F/T) x 365)/(the term of the loan in days), where F represents your loan…
→ Read MoreIs a direct-deposit advance a payday loan?
Federal regulators have announced that they are imposing new regulations on direct-deposit advances, a short-term loan service offered by some major banks. Regulators have compared…
→ Read MoreCan military members get a payday loan?
Military members cannot get payday loans because short-term loans are severely restricted by several laws. The laws protect military personnel against usury charges and predatory…
→ Read MoreDoes a payday loan lender check my credit score?
A lender does not check a potential borrower’s credit score before approving a new payday loan. Payday loans are small, short-term loans that are due…
→ Read MoreCan I be sued for a payday loan?
Yes, you can be sued for defaulting on a payday loan. If a payday loan company lends you money then you are legally obligated to…
→ Read MoreCan a payday loan company contact my employer?
A payday loan company can contact a borrower’s employer but the company is limited as to the amount of information it can legally reveal. Since…
→ Read MoreHow do I find out where my lender is located?
There are several ways that prospective borrowers can find out if a potential lender is located within the United States. Some instant loans are available…
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