Under state law, ultra temporary payday loans can carry annualized curiosity bills of 450percent, nonetheless cannot meet or exceed $255. Big lending become reliant on a cap of around 30%—but simply to $2,500.

Under state law, ultra temporary payday loans can carry annualized curiosity bills of 450percent, nonetheless cannot meet or exceed $255. Big lending become reliant on a cap of around 30%—but simply to $2,500. For increments above that, there’s no legal bounds. “There’s kind of a man-made limit in California wherein many of the lenders have

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