As a result, Congress caps interest rates on loans to armed forces users at 36 % APR because of their large payday bills. Payday lenders easily come across loopholes in security rules and manage brisk companies near army angles. The middle for trusted Lending report that consumers lose $4.2 billion a-year to cash advance charge.… Continue reading As a result, Congress caps interest rates on loans to armed forces users at 36 % APR