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Letâs dig deeper into the numbers to find our answer. According to the Consumer Federation of America, a consumer watchdog group, a typical payday loan company charges you $17.50 for each $100 you borrow. At first glance, that doesnât seem egregious – after all, that equates to an interest rate of 17.5% which is lower than some credit cards. [link widoczny dla zalogowanych] Purple Payday Loans provides an abundance of informative payday loan resources for your convenience. Payday loans are intended to help in strenuous financial circumstances so donât go another day and apply today!
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