2001-03-28
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Now you can review general features of payday loans.
A payday loan is an unsecured loan — typically $100 to $1,000 — that's must be repaid + interest as soon as you get your next paycheck. Lending periods usually do not exceed 4 weeks.
Payday loans in Hollywood, Maryland is are easy to get. The APR is specific for each applicant and depends on various factors: age, income, loan amount needed, loan term, credit score, etc.
33% APR cap (2.75% a month)
If you have a bad credit history you may still be able to take out a payday loan. Such loans are designed to help meet the needs of clients with less than perfect credit scores. There are lenders who may be happy to offer you a payday loan even if you have a poor credit rating. You will need a steady income to get approved for a bad credit payday loan.
To get approved for a loan, you must meet the following requirements: