Stratospheric interest rates: Now let s get to interest rates, which are usually the most critical part of any loan. Right now, we re in a period of historically low rates and 30-year fixed-rate mortgages can be found with interest rates of about 4%. The average rate on a credit card is between 13% and 16%, with maximums near 30%. What kind of rate can you expect from a paycheck advance? Well, the CFPB has pointed out that, A typical two-week payday loan with a $15 per $100 fee…
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