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2. MyPillow CEO Mike Lindell sues a merchant cash advance ... - AOL

   www.aol.com/finance/mypillow-ceo-mike-lindell...

   The two firms gave MyPillow the $1.6 million loan under a merchant cash advance. A merchant cash advance is a specific type of convoluted financial agreement that lets the issuer bypass laws that ...

3. Payday loans in the United States - Wikipedia

   en.wikipedia.org/wiki/Payday_loans_in_the_United...

   Once a loan is repaid, under the new law, the borrower must wait 10 days before obtaining another payday loan. The law allows the term of a loan to run from 14 to 35 days, with the fees capped at $15.50 for each $100 borrowed [27] 58-15-33 NMSA 1978. There is also a 50-cent administrative fee to cover costs of lenders verifying whether a ...

4. Payday loan - Wikipedia

   en.wikipedia.org/wiki/Payday_loan

   This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

5. Scott Tucker (businessman) - Wikipedia

   en.wikipedia.org/wiki/Scott_Tucker_(businessman)

   Operating under names including Ameriloan, Cash Advance, One Click Cash, United Cash Loans, and 500 FastCash, Tucker's organization employed approximately 600 people and made loans with terms that included renewals and fees, as well as interest rates as high as 700% per year. The majority of these loans were issued to low-income individuals. [17]

6. Emergency and payday loan alternatives - AOL

   www.aol.com/finance/emergency-payday-loan...

   For example, the average personal loan rate, as of February 2023, comes out to 12.10 percent, while the average payday loan reaches three-digit interest rates. Plus, you’ll be hit with even more ...

7. What are instant loans? Everything you need to know - AOL

   www.aol.com/finance/instant-loans-everything...

   Depending on your state laws, these short-term loans are available in a few varieties: payday loans, pawn shop loans and car title loans. Payday loans. Also called a cash advance, a payday loan ...