Payday loans are short-term, high-interest loans, typically for small amounts, designed to be repaid on the borrower's next payday. Availability and regulations vary significantly across the US states listed.
Some states have strict interest rate caps and limit loan amounts, while others have effectively banned payday lending.
In states where they are permitted, payday loans can be easily accessible but carry a high risk of debt cycles due to exorbitant fees and short repayment periods. Consumers should be aware of state-specific laws and explore lower-cost alternatives whenever possible.
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- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
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Payday Loans