The laws that surround lending practices in the US are complicated. If you want to know your rights and look to make sure that the lenders you are using are in fact doing “business by the books”, here are vital resources to help you research. You can start out on our site reading the page that covers payday loans.
Start out by reading up on the Truth in Lending Act here on Wikipedia. There are good links as footnotes in the bottom of the article and in the “further reading” section after the main article.
To get to the deep legalese of these acts, please see Cornell Law’s clickable catalogue of Regulation Z.
Blue Trust Loans has increased their max loan amount from $1,250 to $2,000.
Since this site has been running reviews of payday loan and cash advance lenders, this is the highest amount that we have seen yet! This is good news for anyone looking for a the highest amount payday loan online we’ve ever reviewed. A maximum loan amount of $2,000 represents a change in the way lenders are looking to lend.
While Blue Trust Loans are actually different from traditional payday loans and cash advances, they are actually installment loans and present a good alternative.
Changes to the main payday loan review homepage will be made immediately to reflect this new maximum amount.