Let me make it clear about Payday lending Sam Weber This on Need to Know, we look at the world of payday lending and a ballot initiative in Missouri that looks to cap the interest on these type of subprime loans week. right Here, we’ve highlighted five things you need to know about payday financing. 1. What exactly are ‘payday loans?’ Payday advances are a type of subprime financing where an individual (usually without use of credit) borrows against a paycheck that is future typically in a small amount and over a short span of the time. When the debtor happens to be compensated, sheRead More →