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In California, Florida, Indiana, Michigan, Ohio, South Carolina and Virginia, state laws limit you to one payday loan at a time. Some states have no restrictions at all on payday loans. For example, in Arkansas, there's no limit to the number of payday loans you can have, but you can borrow from only one per lender. Wisconsin doesn't have any limitations on the number of payday loans you can have at a given time. You can find your state's payday lending statutes on the National Conference of State Legislatures website at NCSL.org. You can also check with your state's attorney general for specific laws and limitations on payday loans.
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Category: Payday loans