Payday advances charge a one-time charge for the advance as opposed to interest.

Cash Advance Fees/APR Cash advance charges derive from a customer’s payday and generally are mainly utilized as a short-term lending solution or advance loan. Payday advances are not advised for longer duration payday loans. Payday advances charge a one-time cost for the advance rather than interest. This charge is 15% associated with the face worth […]

The Ohio Legislature Got Cash Advance Reform Appropriate

The strong bipartisan reform measure recently passed by the Legislature after more than a decade of waiting, Ohioans will finally see affordable small loans—thanks to the Fairness in Lending Act. The new legislation effective today is considered the most consequential and balanced cash advance reform enacted by any state. It achieves three fundamental objectives: affordable […]