Payday financing just isn’t forbidden in Massachusetts. Yet what exactly is known as a «payday loan» is illegal because of the high yearly percentage rate charged.
Any business or individual participating in small-dollar financing in Massachusetts must get a license through the DOB.
Your bank checking account could be the way of payment for the quantity lent and any fees that are extra. These kind of loans are often called payday loans, check advance loans, post-dated check loans, or deferred deposit loans.
As these loans are short-term, the fee is quite high. Читать новость полностью…