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Payday Loans & Predatory Lending

Can you spot a debt trap before it springs? This test covers payday loan math, rollover cycles, title loans, rent-to-own pricing, and safer alternatives. Ten questions, instantly graded. Question one is on the house.

1

Annualized, the fees on a typical two week payday loan work out to an APR closest to...

2

What happens when a payday loan is rolled over?

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3

A payday lender charges $15 per $100 borrowed for a 14 day loan. What is the approximate APR?

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🔒 Plus 7 more questions in this test

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