If you happen to be looking for a purveyor of short term loans, there are a number of places that offer online payday loan options for a quick infusion of cash. However, before signing on with any provider of online loans or cash loans in general, it does help to know exactly what the lending standards and practices are of the industry before casting your lot in with any payday loan lenders whatsoever. For instance, lenders cannot use or threaten to use the criminal court system to collect on any payday loan, although a small percentage of payday lenders have done this in the past. This illegal practice is condemned by the CFSA, which is the trade association that governs providers of short term loans like ours in general, and you should be aware of that going forward.
It should also be noted that the practices governing short term loans can vary a bit from state to state in general, so it does help to do a little research on your area before going forward. For instance, Illinois allows its residents to have payday or short term loans for up to 45 consecutive calendar days, and some other locales have usury laws that limit the interest rate, or APR, that can be charged on either long or short term loans in general. Any provider of payday loans online or otherwise should be well versed in these points of the law before disbursing their funds, and it helps to know your rights and responsibilities ahead of time as well.
Our payday loans in particular are disbursed with the understanding that they will be paid back on your next payday between 13 and 30 days in the future. Should you receive a monthly paycheck, your loan will be due 30 days from the date of disbursement. Take a look at what our short term loans can do for you today! Continue reading here.