There are literally hundreds of internet payday lenders that people turn to when they are struggling to make ends meet. The sad truth is that many people get into the trap of getting several loans and trying to pay off other loans. Internet payday lenders tend to charge anywhere from 300 to 1000% or more. Some even affiliate with Indian tribes in order to bypass federal and state laws. We have put together a list of state payday loan laws that apply to internet payday loan lenders, which you can view here: https://www.eliminatepaydayloandebt.net/payday-loan-laws/state-payday-loan-laws/
Make sure to read what laws apply to your particular state, so you don’t end up with a bad loan. A bad loan is from a lender who is charging more than they are legally allowed to. There are many companies that do not follow these laws, and people end up paying way more than they should for their payday loans.
Just a few minutes to check the laws is definitely worth it.
Unfortunately, many people do not know how to get out of payday loan debt. And they don’t check what internet payday loan laws apply for their state. Since Indian reservations have their own laws, which preclude them from following State or Federal laws regarding internet payday lenders. Fortunately, there are legitimate companies such as Payday Loan Debt Relief who can help people navigate out of the trap.
