What is the point of Florida having a law that you can’t have out more than $500 in loans at one time? Originally it was to keep people from getting into massive debt with Payday Loan companies, and for a while it was working. Online tribal companies have since made short term payday loan funding available to Florida residence. We have seen a huge increase in consumers looking for relief with payday loan consolidation in Florida now as online access has circumvented any state laws that tried to limit amount of payday loans that can be out at one time.
August 17, 2020