1. Payday loan companies charge comparitively expensive fees. (See "How much more expensive is a payday loan than other credit?")
2. Payday loan fee payments are based on when a borrower's paycheck is paid instead of on a monthly schedule. (See "What is the best kind of payday loan?")
3. Unlike a bank or credit card company, a payday loan company is much more likely to accept a consumer who has a lot of debt or a poor credit history. (See "Who can get a payday loan?")
4. Payday loan companies are regulated differently than banks and credit card companies by Federal, State, and Local Government. (See "How are payday loan companies regulated?")
How are payday loan companies regulated?
What is the best kind of payday loan? | How much more expensive is a payday loan than other credit?
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