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About http://www.in.gov/dfi/education/payday_loans.htm:
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--> Applications/Licensing Members Available DFI Databases Publications Policies Legal Statutes Employment Educational Information Complaints Home Calendar About Links FAQs Contact PAYDAY LOANS = COSTLY CASH When you don’t have the money you need to pay a bill or several bills, why not go to the lender who makes it easy to get a loan? Why not? Because you will be paying a very high interest rate. Under the Truth in Lending Act, the cost of the payday loans, like other types of credit, must be disclosed. Among other information, you must receive, in writing, the finance charge (a dollar amount) and the annual percentage rate or APR (the cost of credit on a yearly basis). Consider that a $30 fee charged on a $100 payday loan for two weeks, would be 780% Annual Percentage Rate or APR. The same loan for one week would have an APR of 1,720.71%. Indiana's maximum rate on a $100 is $15.00 with a minimum term of 14 days. The APR is 390%. Check cashers, banks, and other companies...