Earlier than accepting a lenders application, ensure you are happy with the outlined reimbursement schedule. Payday lenders will now not have the ability to cost triple-digit rates of interest when their exemption to Arizona's 36% charge cap expires in 2010 unless Proposition 200 is permitted by voters this November. The primary motive why individuals go for payday loans is- it's fast, handy to amass, with easy formality course of.