Payday Loans Cuyahoga Falls OH | Online Payday Loans Ohio

Cuyahoga falls is located in the Summit County in Ohio and has a total population around 50,000 as of 2010. The city has been named after the numerous waterfalls which are nearby the city, it was previously named as Manchester. The city like a lot of cities in Ohio was set up as an industrial city which saw an economic downfall in the 1960s and 70s but with the merger with Northampton township there was a renewed energy in the economy. The excess land was used for industrial as well as commercial space. The overall economy has picked up over the years.

If you have been looking for some short term cash loans to meet those personal needs then the situation around payday loans has improved a lot with the new rules being adopted. People have been barred from borrowing money who have more than $2,500 in debt. And even if you can borrow, the upper limit has been set to $1,000. But what is most exciting is the fact that APR and fees have been capped at 28% and 60% while also giving the borrowers a minimum of 91 days to repay the debt. This will avoid a lot of people from getting into debt traps.