payday loans in MA
Date: Thu, 08/31/2006 - 15:09
Massachusetts payday advance stores can charge $10 - $25 per $10
Massachusetts payday advance stores can charge $10 - $25 per $100 loan borrowed. The amount you can borrow in Massachusetts ranges between $300, $500, $1000, $1500 or even $2000 in quick cash. The money will be deposited into your bank account after you give them the permission for a post dated check or direct withdrawal from your account on the payday
The maximum yearly interest rate that can be placed on such Massachusetts payday loans is currently capped at 23 percent along with an administrative fee of about twenty dollars.
The State law for Massachusetts payday loans business requires the lenders to release the real cost of credit in the form of apr before the credit is extended. This will allow the loan consumer to do some comparisons on the credit costs. This helps people in the state to shop for the interest rates and keep it lower as much as possible. People will less likely to be caught in the cycle of high interest rates and late fees from Massachusetts payday loan lenders
Information on ameriloan and 500 Fastcash can be obtained from the OFFICE OF CONSUMER AFFAIRS AND BUSINESS REGULATION
Massachusetts Laws
Payday loans are totally illegal in the state of Massachusetts!
There is not one Payday loan co licensed in the state!
Storefront or Internet.
