Income-Based Payday Loans: What the Term Really Means
Some states cap payday loans at 25-35% of gross monthly income by law. Here's what "income-based" marketing means and what you can legally borrow.
By Derrick Washington
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Reporting, analysis, and plain-language explainers on payday loans, state rules, credit scores, and the lower-cost alternatives most borrowers never hear about.
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What Is a Short-Term Loan? Types, Real Costs, and Cheaper Options
See every type of short-term loan, real APR ranges for each, and which ones cost least before you borrow.
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Is There Really Such a Thing as a Low Interest Rate Payday Loan?
Payday loan APR can't be low by design. See real rates for PAL loans, bank small-dollar loans, and EWA apps, ranked lowest to highest cost.
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How Do Payday Loans Work? A Step-by-Step Breakdown
See exactly how a payday loan works, from application to the fee you'll owe if you can't repay on your next payday.
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