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Effective January 9, 2008, the maximum interest rate that payday lenders may charge in the District of Columbia is 24 percent, [23] which is the same maximum interest rate for banks and credit unions. [24] [25] Payday lenders also must have a license from the District government in order to operate. [24]
This is an accepted version of this page This is the latest accepted revision, reviewed on 27 December 2024. 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 ...
Payday lenders offer small short-term loans, typically up to $500. It’s easy to get approved for these products even if you have bad credit, but there are significant drawbacks: You’ll pay a ...
Pages in category "Payday loan companies" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. C. CashLady; T.
The payday lender could report the delinquent balance to the three credit reporting agencies or sell your account to a collection agency. Either way, your credit score will likely drop by several ...
The payday lender could report the delinquent balance to the three credit reporting agencies or sell your account to a collection agency. Either way, your credit score will likely drop due to the ...
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