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Hi! Here's a treasure trove of educational writings and important
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The Payday Cash Loan Interest Rates Versus Flat Fees
By Carrie Reeder

More and more cash advance lenders are charging flat fees instead of interest rates. This has been in response to increased state regulation. By charging a flat fee, lenders can avoid some of the caps put in place by some states.

Comparing Interest Rates

Interest rates for payday loans are typically higher than other forms of credit since they are small amounts and have a higher risk level. Most online lenders will still use interest rates to determine your loan charge. You may also have to pay a service fee, although most cash advance companies will waive this for first time borrowers.

The other interest rate to look at is the APR (annual percentage rate)...
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In the News
Pay Day Loans Firm Wonga Sets Its Sights On Small Businesses
Controversial pay day loans company Wonga is targeting Britain's small business with the launch of a new service to give companies "an instant cash flow... Read More ...

Amigo Loans and the dangers of being a guarantor
A new loan company is offering loans without credit checks or fees. The catch? You need to persuade someone who owns their own home to guarantee it. Read More ...

Broke 20-Somethings Are Living Off Payday Loans, Check Cashing And Prepaid Debit Cards
Payday loans, check cashing and prepaid debit cards have found a new customer in the cash-strapped twentysomething. Read More ...

 

 

 
 
 

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