A $1,000 payday loan might sound like a quick fix, but sky-high fees and short terms can make it an expensive trap.

Loan Cap.The maximum amount that can be borrowed as a payday loan in California is $300. Loan Term.The maximum term for a payday loan in California is 31 days.

A payday loan is a high-cost, short-term loan meant to be repaid with your next paycheck. Learn what makes payday loans risky and compare cheaper options.

In 2025, more Americans are rethinking how they borrow. The days of relying solely on payday loans are fading.

Payday loans, title loans and pawnshop loans are examples of guaranteed loans designed for borrowers with bad credit. ... Search for guaranteed loan options.

To determine which personal loans are the best payday loan alternatives, CNBC Select analyzed dozens of U.S. personal loans offered by both online and brick-and-mortar banks, including large ...

Unlike payday loans, check advance loans and other predatory products, PAL interest rates are capped at 28%. Secure a Credit Card Cash Advance.

After Ohio capped interest on payday loans at 28%, that state saw a 97% increase in the number of pawnshops, according to the Woodstock Institute. Nationally, consumer debt is swelling.

Rhode Island legislation to repeal the payday lending law, allowing annualized interest rates of 260%, is progressing in the ...

Critics say “payday lenders” have been preying on the poor by charging annualized percentage rates of 260 percent for the ...

If you're behind on a payday loan, having it sent to collections can cause even bigger issues to arise. Getty Images In today's high-cost, high-stress economy, it can be tempting to turn to your ...