Los Angeles, CA -- (ReleaseWire) -- 11/08/2012 -- After receiving feedback from past users, AmericanPaydayCenter.com officially released a new section on their website titled “Payday Loan Laws.” Those visiting for the first time can now check out the rules and regulations directly on the website to make sure they know exactly what they are getting themselves into.
Unlike other loans, getting a payday loan can be very intimidating for some people. These short-term loans offered at the American Payday Center carry a high interest rate, but customers are only supposed to take out a loan like this for a short amount of time.
As payday loans continue to rise in popularity, many states have decided to put certain restrictions on them. This is done to not only prevent people from taking out too much money at once, but also to protect people taking out the loans. Many laws set the total amount of interest a company can charge as well, meaning a person can’t be taken advantage of.
To take a look at all of the laws for each state, or to look up an individual state, visit http://www.americanpaydaycenter.com.
American Payday Center allows people to find the right type of cash advance a person needs to make ends meet between paychecks. Customers can take out hundreds of dollars at once and get solid interest rates as long as they are able to pay it back quickly.