Rhode Island State Payday Loan Laws

By Shawn Martin


Rhode Island State Flag
Rhode Island State Flag

Rhode Island state payday loan laws are much like many other states.

They look out for the lender even though they say they have been put in place to protect the borrower.

I find it rather interesting that anyone could say they are watching out for me while allowing companies like these to charge me an APR of 390% on a 14 day $100.00 loan.

This state is unique that instead of a limit on how long you can have a payday loan, they have a limit on how short your loan is allowed to be, which is 15 days minimum.

This stae also has no roll over limits and can charge 15% of the face amount of the check as interest, along with all the associate fees.

Remember, when rolling over these loans, and most people do to the rate of 4 to 5 times before retiring the loan, you will have to pay all outstanding interest plus new fees.

The loan amount per payday loan is $500.00 in Rhode Island, but this really does not matter much as they have no limits on how many payday loans you may have at any one time.

We can help!


If you have found yourself in trouble in Rhode Island with payday loan debt relax and take a big breath. We can help you take care of the daily harassment and collection actions these vultures practice.

Check out our Payday loan repayment plan and fill out a free no obligation quote to see how we can help you get some sanity back into your life.

If you use these companies do yourself a huge favor and only take out what you absolutely need to borrow and pay it off in full on the first due date. Anything else will cost you more than you will be wanting to pay.

I hope this information helps you make good choices when it comes to payday loans.

8 thoughts on “Rhode Island State Payday Loan Laws”

  1. Even in the little state of RI? Wow look at those interest rates. Oh and no shorter than 15 days? What a crock. Thanks for continuing to get this out there, Shawn.

    1. I will be adding some posts to the blog that will really light you up. It is a sad state of affairs what we do to each other for the sake of money.

      1. No pun intended, but Shawn’s reply is on the money. Trace just about any problem in our society back to its root cause and you’ll find money lurking nearby. Why are deadly drugs approved (and later recalled) by the FDA? Money. How can Monsanto get away with tainting our food supply with dangerous GMO products? Money. How did the tobacco industry hide the evils of smoking from us for decades? They used money to alter results and buy silence. The list is endless. Money not only makes the world go round, it makes bad products go around, too.

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