THE TYPICAL CASH ADVANCE APR IS 391%. Policy choices
THE TYPICAL CASH ADVANCE APR IS 391%. Policy choices One policy solution for handling high-cost, small-dollar loans – including payday advances – is definitely to cap the apr (APR) at a far more amount that is consumer-friendly. Predatory lenders have actually historically dedicated to small-dollar, short-term loans – like payday advances – so that you [...]