You have probably seen those storefronts that promise “quick money” or “instant loan approval. ”
In fact – most of these “payday loans” end in long haul debt – not quick economic repairs. A year – much longer than the advertised 2-week loan on average, Kentucky payday lenders keep borrowers indebted for 137 days. Kentucky payday loan providers charge on average $15.00 per $100 lent, plus extra fees every fourteen days. What this means is loans that are payday at minimum a 391% APR. Continue reading “Payday Loans are “No Hassle” before you You will need to Spend Them Back”