X hits on this document

109 views

0 shares

0 downloads

0 comments

19 / 28

STATE Delaware

District Of Columbia

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

LOAN TYPE $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap $250, 2-week payday loan $300, 1-month auto-title loan $500, 6-month loan $1000, 1-year loan Criminal usury cap

APR*

GRADE

No cap

F

No cap

F

No cap

F

No cap

F

None

NA

24

P

Prohibited

P

24

P

24

P

None

NA

342

F

30

P

30

P

30

P

25+

F

Prohibited

P

304

F

44

F

31

P

60

F

460

F

Prohibited

P

24

P

25

P

No cap

F

No cap

F

No cap

F

No cap

F

No cap

F

None

NA

404

F

No cap

F

No cap

F

No cap

F

20+

F

391

F

Prohibited

P

36

P

36

P

45

F

  • *

    If the APR includes a plus sign (“+”), the grade is an F because the APR could be higher than the stated APR. This situation occurs

if the state permits exceptions to the criminal usury cap and one of the four loan products in the Scorecard has an APR that exceeds 36%. Several states permit lenders to pick one or two or more rate and/or fee alternatives when making smaller loans. Note that the Scorecard APRs are based upon the maximum permissible rates/fees regime.

NATIONAL CONSUMER LAW CENTER

Updated Small Dollar Loan Products 5 15

Document info
Document views109
Page views109
Page last viewedSat Dec 10 07:12:58 UTC 2016
Pages28
Paragraphs894
Words10522

Comments