Rhode Island

Sometimes, life happens, and people need a little extra money in their wallet to make it through until the next week. Unfortunately, you can’t live in your house for free; the electric may need to be paid, getting clean water in your house is extremely important, and if you want to drive to work, the car can’t be repossessed, right? For some, a payday loan can be a great relief. It’s not an entire loan which you have to take out and pay back, just a short, brief, loan that you can use to get to the next paycheck. Each state has specific laws regarding payday lending, and Rhode Island is no exception.

Rhode Island payday loans are legal to obtain. There is no real limit for what you can ask for as far as the law is concerned, although you will need to check with the individual company and see what they will charge you. As far as how much a lender is legally allowed to claim as interest, it is $15 per check or $15 per every $100. Keep this in mind when taking out any type of cash advance in Rhode Island. Learn more about payday loans today.