Hidden Fees & Interest Rates for Cash Advances
Cash advances and payday loans offer the convenience of immediate cash when you have no available funds. However, these quick methods to obtaining money may come with staggering hidden costs.
Generally, cash advance interest rates are extremely high, and can go up to 800%. Be aware of the rates before you sign, so that you can repay the payday loan in time and avoid additional feels.
Typical fees associated with instant payday loans include, but are not limited to, a pre-determined percentage of the loan (usually ranging from 10 to 25%), processing fees, as well as late payment and administrative fees.
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state by state to find fees that may apply to you.