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Payday Loan Law

The Times Are Changin'

The Payday Loan industry has been getting a lot of press lately, with new payday loan laws being enacted in various states. There has even been some Federal level legislation, with the restriction of cash advances to members of the military. Payday loan companies could still make loans to them, but the interest rate was capped at 36%. Still a pretty high rate of interest, but certainly better than the 500 or 600% that was typically charged before!

New Restrictions on Cash Advances

Even no less than President Obama has weighed in on the Payday Loan industry, and he doesn't like it. But how does this affect the person who already has a considerable amount of Payday Loan debt?

How this helps is the fact that state government are tired of the complaints from consumers who want to stop payday loans from ruining their lives. In fact, many have had to resort to filing a payday loan lawsuit to get some payday loan relief!

The good news for the consumer that who is looking for a payday loan refinance is that the cash advance industry is reeling in fear from further restrictions. The last thing they want is more bad publicity that might cause more cash advance laws to be enacted.

So don't take payday loan harassment from these people. You have rights.

Click here to learn about our book that can help you solve these problems once and for all.

For more information on state by state payday loan laws, see this site, which has some great information.