Payday loan providers frequently state their cost of $15 for each $100 lent is smaller compared to banks’ costs for bounced checks, which can be true.
Payday loan providers frequently state their cost of $15 for each $100 lent is smaller compared to banks’ costs for bounced checks, which can be true. In the national typical fee that is overdraft of27.40, the checks that bounced in Virginia an individual could not pay their payday loan in 2006 could have benefited banks…