The company did not call itself a payday lender, but it provided shoppers loans at annual rates of greater than 300%. Even first-time debtors can qualify for our loans in some cases. The correct to receive well timed communications whenever the lender makes a change by way of your loan. The APR on payday loans and cash advances is very high. If you cannot repay your mortgage on time, you ought to be ready to pay additional curiosity.