|Payday Loans | Myth #4|
The cost of a payday advance is fully disclosed to customers on signs in the stores and in disclosure agreements. Moreover, in accordance with the Truth in Lending Act (TILA), the terms of the loan are clearly outlined in the lending agreement.
Payday advances involve single, flat fees and there are no hidden charges.
A recent study by the Annie E. Casey Foundation found that, “Customers do make a cost analysis in comparing the price of a payday loan with the alternatives…”
Take advantage of Indiana & Tennessee payday loans for quick cash to cover your unexpected expenses.
|Note: Cash Advances are not intended to meet long-term financial needs, but only a short-term need. Consumers should seek credit counseling for credit difficulties|