It’s a State-By-State Problem. Listed below are just a couple of types of the way they vary. Although some states, like Arizona, Arkansas, and Georgia, have actually forbidden payday advances , other states have actually developed particular foibles so as to protect customers. Alabama optimum Loan Amount: $500 Maximum Loan Term: no less than 10 rather than significantly more than 31 times Finance Charges: “May not meet or meet or meet or exceed 17.5percent for the amount advanced.” California optimum Loan Amount: $300 optimum Loan Term: as much as 31 times Finance Charges: “A fee for the deferred deposit transaction ...