Nationwide, interest rates for payday loans typically range from 390 to 780 percent, compared to an average credit card interest rate of approximately 24 percent.

Authors

• Person: Not available Organization: Maine Center for Economic Policy
  Predatory Lending — An Explainer - MECEP

Sources

• Predatory Lending — An Explainer - MECEP www.mecep.org Maine Center for Economic Policy via serper

Referenced by nodes (1)

• payday loans concept