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A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent

A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent
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A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent

User Mark Nugent
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A. 400%

The average loan term is about two weeks. Loans typically cost 400%annual interest (APR) or more.
User Lopata
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