A payday loan agreement citing a 644% rate of interest. Sarah Whitmire/iWatch News
Online payday advances can produce a вЂњworld of hellвЂќ for customers. But regulators say some loans are illegalвЂ“and donвЂ™t have to be reimbursed.
Payday advances are merely appropriate in some states, click to check out the internet site for the customer Federation of America to know about your stateвЂ™s law.