Welcome to Consumer Federation of America's information resource on payday lending for consumers and advocates.

Payday loans are extremely expensive cash advances that must be repaid in full on the borrower's next payday to keep the personal check required to secure the loan from bouncing. Cash-strapped consumers run the risk of becoming trapped in repeat borrowing due to triple-digit interest rates, unaffordable repayment terms, and coercive collection tactics made possible by check-holding.

Learn how payday loans work. Click on Facts.

Read about consumer protection issues and national or state studies. Click on Issues or Research and Reports.

Check out the legal status of payday lending for each state. Click on Legal Status and State Information.

Get information on how to file complaints with state regulators. Get tips on alternatives to high cost payday loans and advice on coping with payday loan problems. Click on Consumer Help.

See how well your state rates on the Small Dollar Loan Scorecard.  CFA, Consumers Union, and the National Consumer Law Center rate states on protecting consumers from high cost payday and car title loans and small installment loans.  Click here for the legal backup to the Scorecard.Click here for a blog posting on the report.

Paydayloaninfo.org is a service of Consumer Federation of America. To learn more about CFA, visit our home page.