The payday loan laws in Nevada a different then other states.
One of the most significant differences is that there are no statutory limits on fees that may be charged so long as the borrower agrees to the fees in writing.
This creates some very high APR (annual percentage rates) rates.
There is also no limit that someone can borrow – the only rule is the amount borrowed cannot be more than 25% of expected gross income of the borrower.
And if needed the borrower can refinance the loan up to 4 times. Also a borrower can take out more then one loan through different lenders.
With these types of guidelines on the books this is a certain recipe for disaster. With crazy high interest rates and the ease at which someone can have more then one loan. It’s no wonder many people end up in payday loan hell.
If you happen to be caught in payday loan hell and need a way out we can help you.
Please contact us today – ending your payday loan nightmare is simple and easy!!
Just complete our FREE online quote forum. Once we receive your request one of our experienced negotiators will contact you. Or you can call us toll free at: 1-877-280-5100
Once you enroll in our program we will start sending the necessary documents to your lender(s) within 2 hours.