https://slavyanski.net/sb2020/story.php?title=7-issues-the-middle-class-take-for-granted-9 Nonetheless, the FCA price cap forbids the day by day interest rate for a payday loan from being larger than 0.8% per day, so clients can have peace of mind that the rate charged will not be too high. To get a decrease monthly cost, consumers more and more accept loans with longer terms — about 42% take out loans for six years or extra, according to the Client Financial Protection Bureau. Thu, 07 Sep 2023 16:32:24 UTC en