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The debate over payday loans is often clouded by wrong information. Read some basic facts about payday loans, backed by research »
Right now, federal as well as many state lawmakers are threatening to put payday lenders out of business and take away your right to choose a convenient loan option. They are debating a 36 percent interest rate cap on short-term loans. It is not possible for lenders to do business under these terms. The 36 percent cap would take away an important short-term loan option from millions of American families by eliminating the payday loan industry. In fact, supporters of the 36 percent cap readily admit that the goal of the legislation is to ban the payday loans entirely. Learn More »
In states that have eliminated payday loans, consumers have been left with more costly short-term credit options and greater financial stress. Learn More »
Unexpected expenses are a fact a life. Cars break down. Medical needs arise. Appliances stop running. But, when faced with an immediate need for cash, where do you turn? Learn about Payday loans and the alternatives »
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