The average interest rate on payday loans in Utah is almost 528% per annum, double what Mafia loan sharks charged in the 1960s
2018-11-12
The already astronomical interest rates for payday loans in Utah are rising, to an average of 528%, with the highest rate reaching 1,500%. Yet 1 in 5 payday loan stores in the state have closed in the past two years. That’s according to new annual data compiled by the stateRead More →