How much are payday loan companies usually willing to loan, based on your income, e.i., 20%, 30%??

Answer 1

I believe that the amount may vary by state (Not sure)..But the major problem with the loan is the interest rate and the consequences for late payment....You may wind up paying several hundreds of dollars in interest, late fees, refinancing fees, etc....Would not choose this option except under extreme emergency or unusual circumstance, and then make sure you pay it back on time!!!!!!!!!!!!!!

Answer 2

They will pay according to your credit ratings and how much you can pay back with their terms?

But Normally Once a person takes loan from them could never recover from their system.

Be careful!