How many payday loans can I have out. Does it matter state by state? Refrences?
Written By: admin on June 1, 2009
2 Comments
I went into a payday loan store and I already have 2 loans out. I told him I had none. He said that he is on some state system and that I am only allowed to have 2 loans out? how come so may other people on yahoo answers are talking about having 5 and 10 loans out at a time. How do I do that. I need money for a business loan.
nevermind. it's just in the U.S.
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Tags: business loan, loan store, Loans, money, Payday Loan, Payday Loan, yahoo, yahoo answersTags: business loan, loan store, Loans, money, Payday Loan, yahoo, yahoo answers
If you already have two payday loans, you have two too many. Are you aware that the APR for these loans tends to be in the 600% range?
You need to find some other way to finance your business. There is no way you can pay that kind of interest and still show a profit.
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