Be aware of payday loan rules, rights

Be aware of payday loan rules, rights


Should a cash-strapped consumer be required to pay more than $1,900 if he or she takes out a $500 payday loan, doesn't pay the money back and bounces a check?


As part of the process to get a payday loan, consumers write a personal check to the payday lender for the amount of cash they want, plus a fee. More...