Hi. I've just finished paying off a loan with Payday select, and I'm currently still paying off Payday OK.
PayDay Select Laon
Loan Term: 28 days
Amount Borrowed: $200 3/29/07
Amount Paid: $458.73. 11/08/07
Rolled over: 4 times
According to Florida law, rollovers are illegal, payday loans can't exceed 31 days and the max apr is 360%. Therefore, legally Payday select could only charge me $50 in interest plus a verification fee not exceeding $5, making the total payback amount $255.