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Free Payday Loan Newsletter. The frequency is typically once each month. If
you have an interest in the payday loan industry, YOU NEED OUR Payday Loan NEWSLETTER!
WE PROMISE to never sell, give-away, or abuse your contact info. You will receive a confirmation email from
us immediately.
Rhode Island opened the door to payday lending in 2001 and is one of about 35 states that allow the industry in some form. The loans are limited to $500 and the money is supposed to be paid back within 13 days. But under state law, lenders can charge up to $10 in fees for every $100 borrowed, which translates to roughly 260-percent interest on a two-week loan, the standard in most states, or about 280 percent on the 13-day term that is standard in Rhode Island.
For a thorough discussion of the payday loan industry and access to our payday loan training materials, we recommend you proceed to Payday Loan Industry