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    4. why are pay day loan companies allowed to charge such high interest rates
    why are pay day loan companies allowed to charge such high interest rates

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    0  Views: 698 Answers: 2 Posted: 13 years ago
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      2 Answers

      I don't know why but my best advice is not to get involved with them.You would become involved in a never endinding cycle of borrowing one week & paying back (with interest) the next.The only ones who really benefit from these loans are the lenders.Be careful.

      13 years ago. Rating: 4
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        Some info here


        http://www.superloanpros.com/learn/payday-loans-2

        13 years ago. Rating: 2
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