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Time to time, Louisiana legislators have come into the assistance of them who make exactly what are titled payday loan

Time to time, Louisiana legislators have come into the assistance of them who make exactly what are titled payday loan

Payday loan lake charles la

The fresh new rules who has narrowly enacted one another houses would limit loans charge on 100 percent of one’s modern amount borrowed. That means lenders you certainly will charge up in order to $step 1,five hundred within the charges to your a beneficial $step 1,five-hundred loan, otherwise a total $3,000 payment, depending on the Advocate.