Insane payday loan fees

[coolbreaker]

how much fee do you pay for payday loans? if you check out some of the fees or interest rates here http://www.moneysavingfreetips.com/n...yday-loan.html

Mississippi ($400, 18%)
Missouri ($500, 75%)
Montana ($300, 25%)
Nebraska ($500, 15%)
Nevada (no limit, no limit)
New Hampshire ($500, no limit)
New Mexico (no limit, no limit)

75%? 25%? aren't these too high? they are more of ripoffs!

i wonder why these states allow such high fees?

[newstart]

I really don't know but I just hope that every one will try to stay away from them because they are not worth it! and they just get you into a mountain of debt.

[NASCAR20FAN]

how much fee do you pay for payday loans? if you check out some of the fees or interest rates here http://www.moneysavingfreetips.com/n...yday-loan.html

Mississippi ($400, 18%)
Missouri ($500, 75%)
Montana ($300, 25%)
Nebraska ($500, 15%)
Nevada (no limit, no limit)
New Hampshire ($500, no limit)
New Mexico (no limit, no limit)

75%? 25%? aren't these too high? they are more of ripoffs!

i wonder why these states allow such high fees?

They were created by the devil! Stay way...