Be cautious of high APRs
Because Nevada doesn’t specify the amount of interest a lender can charge, read your loan contract carefully to learn how much your loan will cost. Keep in mind that the more you borrow, the more you owe.
For instance, if you borrow $300 an have a financing fee of 20%, you’ll have to pay back $60. This number will fluctuate on other costs outlined in your loan contract, which makes the document crucial when you’re determining if you should go with a loan.
Finding a short-term loan in Las Vegas may seem easy, but since there is no maximum APR lenders have to stick to, comparing your options to find the most affordable one is essential.