Idaho pay day loan interest prices highest when you look at the country/ The Surprising And Smart factor Millennials appreciate pay day loans And Prepaid Debit Cards

Idaho pay day loan interest prices highest when you look at the country/ The Surprising And Smart factor Millennials appreciate pay day loans And Prepaid Debit Cards

Idaho’s payday loan providers charge the interest rate that is highest in the world – the average 582 %, based on a report through the Pew Charitable Trusts. The trusts discovered that Idaho, Nevada and Utah had the nation’s interest rates that are highest for pay day loans; the 3 states are among seven that place no limits on those prices. Click below for a full report from the Salt Lake Tribune through the Associated Press; the Tribune stated that 15 states either ban payday loans or limit interest levels at 36 %. Continue reading “Idaho pay day loan interest prices highest when you look at the country/ The Surprising And Smart factor Millennials appreciate pay day loans And Prepaid Debit Cards”