According to The Truth in Lending Act, the cost of an advance payday loan must be disclosed, and you must receive a written communiqué outlining the cost of your loan or cash advance as a dollar amount, and the annual percentage rate must also be in writing.
No matter what the name advertised - Advance payday loan, cash advance, cash advance payday, cash advance payday loan, fast cash, fast cash payday loan, loan, or payday loan – They are almost always an expensive credit line. You write a personal check for $115.00 to borrow $100.00 for two weeks, the cost for the first two weeks is $15.00 or an annual percentage rate of 391 percent.
Cash Advances and Cash Advance Information - Easy application and useful information about Payday Loans at Payday loans