Payday Lenders Keeping a Close Eye on Montana Initiative to Regulate Them Out of Business
Payday Lenders Keeping a Close Eye on Montana Initiative to Regulate Them Out of Business
Payday Lenders such as Payday Loan Trust will have to wait until November in order to see if their right to offer payday loans to the citizens of Montana will become “regulated out of business”, some lenders argue. The term “payday loan” describes a short-term loan, between the range of $100-$1,500 (averaging about $300), that is typically set to be re-paid on the borrower’s next paycheck date.
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