Fast Payday Loan - Rates & Fees
YourExtraPayday.com is not a lender and never takes credit decisions. For this reason, the service can not provide users of the website with any information on rates and fees associated with specific short-term loan products and offers provided by creditors agreed with users of the website. Nevertheless, we make every effort to ensure that creditors in our network adhere strictly to all applicable international, federal, state and local rules and laws and could provide fair credit practices in the industry.
Short-term cash loans should be used as a temporary financial instrument and can become very expensive if this financial product is used for additional conditions. Usually this loan is associated with relatively high financial costs, rates and fees. For this reason, the industry is largely regulated at the federal, state and local levels. Moreover, the number or organizations, governmental or non-governmental, that provide control over agents in this industry and establish best practices and regulatory procedures, are steadily growing and developing.
YourExtraPayday.com - provide users of the website with a lot of resources and training materials that can help you study the industry and better understand their options in order to get a positive credit experience. Thus, we recommend using the websites of the Federal Trade Commission and the Consumer Protection Bureau, the two government agencies responsible for creating and enforcing laws and regulations that regulate short-term lending and protect consumers from cases of unfair credit practices and discrimination.
To protect consumers from unfair credit practices, many states have implemented their own rules in addition to federal laws. Individual states may regulate terms, including but not limited to the maximum allowable loan amount, fees that creditors can apply to loans, the number of renewals and existing timing specifications, late installments that can be applied, and the number of outstanding loans that are the consumer can have at a time. Follow the link to this official website and this resource to get all the necessary information about the rules in your state. Please check back before requesting a loan, as these rules can be changed at any time.
States that prohibit short-term cash loans include, but are not limited to, Arkansas, New York, Vermont and West Virginia. This list is not exhaustive and can be changed at any time without prior notice. Please check the official sites listed above to monitor changes in government regulations regarding short-term lending.