Utah’s cash advance rates include 2nd greatest in the us

Utah’s cash advance rates include 2nd greatest in the us

Study claims these people charges an ordinary 652percent yearly focus. Merely Florida is actually higher.

(Leah Hogsten | Tribune data pic) new research says cash advance charge in Utah are second-highest in America. Best Florida try high.

Utah customers nowadays experience the nation’s second-highest typical fee for payday advance loan: 652per cent annual attention, a new study says.

Truly the only county where normal speed are greater happens to be Arizona at 664%, while Utah’s rate is definitely connected with neighboring Nevada and Idaho, in line with the not-for-profit facility for Responsible credit (CRL). Continue reading “Utah’s cash advance rates include 2nd greatest in the us”