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  2. Payday loans in the United States - Wikipedia

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

    The federal government regulates payday loans because of: (a) significantly higher rates of bankruptcy amongst those who use loans (due to interest rates as high as 1000%); (b) unfair and illegal debt collection practices; and (c) loans with automatic rollovers which further increase debt owed to lenders.

  3. 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 24 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 ...

  4. LendUp - Wikipedia

    en.wikipedia.org/wiki/LendUp

    In 2016, LendUp raised $150 million to develop a credit card product in January, [9] then paid $6.3 million in fines for deceptive practices [10] and widespread violations of payday and installment loan laws in September. [11] [12] [13] In 2020, it was again sued by the Consumer Financial Protection Bureau for violating the Military Lending Act.

  5. 6 types of emergency loans and their uses - AOL

    www.aol.com/finance/8-types-emergency-loans...

    Emergency loan type: Payday loans. Better for. Small urgent amounts. Borrowers that don’t qualify for personal loans. A good fit for this type of emergency bill. Utility shut off or other ...

  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 happens when you can’t repay a payday loan? - AOL

    www.aol.com/finance/happens-t-repay-payday-loan...

    When you can’t repay a payday loan, several things are likely to happen as a result.

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