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A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." [ 1][ 2][ 3] The loans are also sometimes referred to as " cash advances ," though that term can also ...
Scott Tucker (born May 5, 1962) is an American convicted racketeer, loan shark, fraudster, and money launderer who used his illegal funds to finance – and drive for – his own sports car endurance racing team. In 1991, Tucker was convicted for his illegal activities, including mail fraud, associated with a bogus lending company he operated ...
Jones founded Check Into Cash in 1993. He has been referred to as "the father of the payday lending industry" for creating the first national payday lending chain. [2] [4] In 1973, at age 20, he left college, where he had been pursuing a business degree, to help stabilize the family’s business, the Credit Bureau of Cleveland (TN).
Payday loans are short-term and high-interest loans typically due on the borrower's next payday after the loan is made, with the annual percentage rate usually steep - 390% or more, according to ...
The average payday loan has an interest rate of about 400 percent. Interest rates on personal loans are usually capped at 36 percent. Personal loans tend to have a minimum repayment term of 12 ...
Instead of ignoring a delinquent payday loan and possibly ruining your credit, consider these options to repay the debt: Apply for a peer-to-peer loan . If your credit score is low, a peer-to-peer ...
Alma mater. Yale University ( B.A.) University of Dayton ( J.D.) Profession. attorney. Jeff Jacobson is an American consultant, former attorney, and former politician. He was a Republican member of the Ohio Senate, representing the 6th District starting in 2001. Previously he was a member of the Ohio House of Representatives from 1992 until 2000.
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