o Your individual state should have laws in place regarding the maximum cash you can take out for a payday loan. As a loan borrower, it is in your best interest to find out the maximum amount of cash you can borrow, according to your state, before you consider a cash advance loan.
o Payday companies vary widely in the costs associated with their loans.
o The payday loan company should provide you with a list of payment plans and timetables during the application process. Cash advance loans are considered to be short-term loans; therefore, if you fail to repay the loan, the company can sue you in a civil court and seek to garnish your wages until the loan is repaid.
o Never, ever enter into a payday loan contract if you don’t fully understand the terms and conditions of the loan.
Understanding Your Legal Rights Regarding PayDay Loans