- 23 May 2009 03:29
#1914770
I'm sorry, but isn't the interest on payday loans closer to 30%?
Dr House wrote:That's approximately 400% annualized, mind you. The interest is 15% ($15 fee per $100 lent out) per pay period.
I'm sorry, but isn't the interest on payday loans closer to 30%?
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