Cash Pay Advance

Credit card rates of 20 percent or so are ridiculous - but what should we call an interest rate of 400 percent? Charging 400 percent should be called “criminal,” but lobbyists for the quick-cash industry have monkeywrenched state usury laws to make such loan-sharking legal in 40 states. They rack up $40 billion a year in revenues, maintain PR firms to perfume their practices, create political funds to grease necessary skids, and deploy armies of lobbyists to legalize their usury. The good news is that states are beginning to rein in these payday hucksters by capping their interest rates at a merely outrageous level of 36 percent. Find Out More

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