Real PDL Help

Payday Loan Assistance

  • Payday Loan Help
    • Customer Savings
  • Payday Loan Consolidation
  • Resources
    • Facts about Payday loans
    • How To Avoid Payday Loans
    • Payday Loan Consolidation & Relief
    • Dangers of Payday Loans
    • Payday Loans Map
    • Debt Calculators
    • Letters to Creditors
    • Forum
  • About
    • Reviews
      • Submit Review
    • F.A.Q.
  • Contact
Free Consultation 855-413-4998
APPLY NOW

Reply To: Why do people say payday loans are expensive?

Home » Replies »

Landing Page › Forums › Payday Loans: General Questions › Why do people say payday loans are expensive? › Reply To: Why do people say payday loans are expensive?

September 19, 2019 at 11:17 am #91650

realpdl
Moderator

Because they are! While some states ban payday loans altogether, others place a cap on the interest rate that payday loan companies can charge.

But the maximum rate is very high. For example, a payday loan in California could cost you as much as 459% per year. The rates in many other states are equally high.

Of course, that’s the annual rate. The loan term for a payday loan is usually two weeks. But a rate of 450%+ is still very high considering that credit cards charge an average of 17% and personal loans are available from 10% to 28%.

GET OUT OF PAYDAY LOAN DEBT

APPLY NOW!

CALL NOW 855-413-4998

GET IN TOUCH

Phone: +1 (855) 413-4998 | Fax: +1 (888) 805-6177 Email: Info@realpdlhelp.com Mail Address: 13505 S Mur-Len Suite 105 Olathe, KS 66062

Trustpilot

GET SOCIAL

  • Facebook
  • Twitter
  • Google+
  • YouTube

SHARE

Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

© 2021 REAL PDL HELP | Privacy Policy | Terms and Conditions | Site Map | Disclosure