If you're in financial problems (and even if you're not) you've probably seen the ads for payday loans. Sounds good--if you're short at the end of the month, Use the largest online attorney directory to quickly find detailed profiles of Texas lawyers and law firms in your area. Top Rated local debt relief attorney listings, debt relief lawyer and law firm reviews, and more legal information on Lawyers.com Find the Best Warrior, AL Loans on Superpages. We have multiple consumer reviews, photos and opening hours. What Is a Payday Loan? A payday loan, or cash-advance loan , is a loan that is generally repaid directly from the borrower’s next upcoming paycheck.These are usually loans in smaller amounts, but are often associated with higher interest rates due to the short repayment term. Seeking Legal Advice. The laws surrounding payday loans can be complicated and they vary significantly from state to state. The chart above merely breaches the surface of a large, complex system of consumer lending. Predatory lending is any lending practice that uses deceptive or unethical means to convince you to accept a loan under unfair terms or to accept a loan that you don’t actually need. Predatory lenders often target minorities, the elderly, the less educated, and the poor. Payday Loans. Payday loans are typically predatory in nature. Payday loans are short-term, high-interest loans, usually. CFPB sues debt relief attorneys and law firms for charging illegal advance fees and misleading advertising in relation to debt relief services. Payday loans are illegal in New York state. A payday loan is a relatively small (usually under $500), high interest, short-term loan. A borrower gives a lender a postdated personal check or authorization for automatic withdrawal from a bank account. Attorney General Spitzer today sued a Delaware-based bank and two out-of-state financial companies for operating a payday loan scam that saddles middle to low income New Yorkers with huge debt.