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Nevada’s Cash Advance Laws

Nevada’s Cash Advance Laws

With more than two times as many cash advance shops than there are casinos, you’ll find an online payday loan storefront at virtually every major intersection in Las vegas, nevada. The pay day loan industry in Nevada is approximately a half a billion bucks per year. This post provides an over-all breakdown of the version that is current payday loan statute, NRS 604A.

Payday advances are meant to fill a need that is short-term.

But due to the interest that is high, borrowers often crank up stuck in a financial obligation spiral from where they can’t escape. Because of the interest that is costly, a $200 loan can potentially wind up costing well over $1,000. Continue reading Nevada’s Cash Advance Laws