Everything’s Bigger in Texas, Even Payday Loan Rates

527% average interest rate is among highest in the nation

Andy Spears

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Photo by The New York Public Library on Unsplash

Payday loans are a bad deal for borrowers but big money for the unscrupulous legalized loan sharks who make them.

The Dallas Morning News reports that Texas remains one of the worst states in the nation to get a payday loan — or, among the most profitable…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .