Payday advances can be a trap that is insidious astronomical interest levels. Is there better choices?
Hold on your caps — pay day loans in Rhode Island that we recently reviewed had APRs operating between 255 per cent to simply over 260 per cent.
An insidious trap
A post-dated check for the amount of the loan plus a fee under the contracts we reviewed, at the time of the loan, borrowers were required to give the lender.