Payday loans are many times a last resort for individuals facing financial hardship that was unexpected. Many times these loans are seen as cash advances to help make ends meet until the next payday comes around, however they come with their own burdens. From high interest rates, to having lenders harass you if you miss paying back on the loan, being prepared with knowledge is the only option. If you reside in Florida then understanding the Florida payday loan laws that surround these type of loans will ensure that not only do you know what you are getting into before taking one out, but that you know your rights as a payday loan consumer. Many state governments such as Florida are stepping in to limit various factors when it comes to payday loans; some limit the interest rates allowed, some limit the amount of money you can borrow, and some even limit both.
New York Payday Loan Laws
Payday loans are also known as Cash Advance Loans or Check Advance Loans. They are preferable by consumers because there so easy to get. Payday loans are secured against the borrowers next pay check. Unfortunately the rate at which the borrower receives the money is very high, an amount between $15 and $30 for every $100 borrowed. What is worse, due to this high interest rate lot of borrowers must roll over these loans over and over again equaling the accumulated fee to EAI of 780%. Under some extreme situations, the rate could even be 1000% or more. New York Payday loan laws are cut and dry.
Pennsylvania Payday Loan Laws
Pennsylvania payday loan laws are simple, payday loans are not allowed in the State of Pennsylvania. (The Check Cashing Licensing Act of 1998 prohibits check cashing agencies from issuing payday loans) But many online lenders try to find legal loopholes around this ban on payday loans.
Indiana Payday Loan Laws
Indiana Payday Loan Laws:
The state of Indiana has specific laws which pertain to Payday Loans. They are as follows:
Legal Status: Legal (storefront)
Citation: Ind. Code Ann. 24-4-4.5-7-101 et seq.
Standard Loan Terms Maximum Loan Amount: $550 (not to exceed 20% of borrower’s monthly gross income)
Loan Term: Min: 14 days Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500
Finance Charge for 14-day $100 loan: $15 APR for 14-day $100 loan: 390%
Utah Payday Loan Debt Laws
A recent bill was introduced in Utah to stop payday loans from spiraling out of control. The bill HB113 was introduced by Rep. Brad Daw, R-Orem. This bill would have created a database which would list people who currently have payday loans or who are in default on one. Once the client is listed, no payday lender in Utah could give them another payday loan.
California Payday Loan Laws
Many states have enacted laws to protect the borrower from predatory lending and California Payday Loan Laws are no exception. In California, it is considered legal for a company to offer a payday loan or a cash advance. With that being said there are thousands of “storefront” lenders across the state you can choose to do business with.
On the other hand “internet payday lenders” must be licensed in California to offer loans its residents.
Can a Payday Lender Garnish My Wages?
Well, according to the FTC the answer is no. There are two stages to this issue. First a lender must be licensed in the state they are lending you money in and if they are licensed they must file a civil suit before a judgement can be entered and a garnishment ordered. Many lenders are not licensed and continuously by pass due process by sending a garnishment to your employer without a court order. The FTC states this is not legal. The FTC filed suit against defendants who are named Eastbrook LLC, also doing business as Ecash and GeteCash; LoanPointe LLC; Joe S. Strom; Benjamin J. Lonsdale; James C. Endicott; and Mark S. Lofgren.
Texas Payday Loan Laws A Simple Breakdown
Texas Payday Loan Laws
In the state of Texas Payday Loans Laws are clear and payday lenders are considered legal, but the lenders have certain limits on interest and amounts they can lend at a single time. 
•Term of Loan: 7 – 31 days
•Maximum Rate of Finance and Fees: 48% rate of interest (annually) plus $10 per loan
•Finance Charge on $100 loan for a 14 day period: – $11.87
North Carolina Payday Loan Laws
Up until 2001, the practice of issuing payday loans was completely legal. But North Carolina state government decided to rule against the legislation allowing it continue with the help of Attorney General Roy Cooper.
North Carolina, now has specific laws regarding usuary or small-loan rate caps that would make payday lending illegal under the rates usually charged with these loans. Subsequently, it is now prohibited.
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