As in all prevalence studies (point prevalence or periodic prevalence studies) it is important that everyone in the population (i.e. the group repre-sented by the denominator) must have the potential to enter the group represented by the outcome (i.e. the nominator).
What We Do. Millions of Americans just like you are trapped in Payday Loan Debt because of sky-high interest rates and outrageous penalty fees. Our goal is to help you Get Out Of Payday Loan Debt through Payday Loan Consolidation. Payday Loan Consolidation is an aggressive process to Get Rid Of Your Payday Loan Debt for less than what you owe. We partner you with the top debt relief experts in the industry who will help you save money by negotiating settlements on your Payday Loan Debt.
Illinois law does provide payday loan consumers with some protections against the cycle of debt. For example, a lender cannot roll over your loan if doing so would keep you in debt for longer than six months. Also, a payday installment loan s monthly payments can be no more than 22.5% of your gross monthly income.Payday Loan: A payday loan is truly a short-term loan; it has to be paid back in two to four weeks. Like the payday installment loan, a payday loan can carry an APR as high as 400%.The combination of the short term and high rates increases the likelihood that you ll be unable to pay off your payday loan when it comes due.his option applies only to payday loans, not to payday installment loans, and you must request it. Additionally, the law prohibits lenders from issuing a new payday loan if it would result in your being in debt for more than 45 days in a row.