You see advertisements for payday loans everywhere -- on the Internet, along the highway, on TV. However, the amount of advertising you see likely depends on where you live. Most States have laws governing payday lenders. For example, if you live in Georgia, you probably won't see too many TV ads or billboards -- payday loans are effectively regulated out of Georgia.

However, most States do allow payday loans. The laws vary from State to State. If you are considering taking out a payday loan, you should consider the laws of your State. There are a number of resources available for you to figure out the status of payday loans in your State.

By being an informed consumer, you can make sure that the payday loan you take out is in compliance with the laws of your State, and make sure that you are only paying the fees you are supposed to.

Many States regulate the size of the loan (how much you can take out), and the fee that the lender can charge you (the APR or loan rate). Also, many States regulate the number of "rollovers" or "renewals" you are allowed to take. When using a payday loan, it is best to only use it for emergency purposes only. You don't want to be in a situation where you take multiple "renewals" or rollovers. This can lead to you paying hundreds of dollars in interest for a $300 loan.

Many State laws regulating payday loans impose guidelines regarding the type and nature of disclosure a lender must make to you. For example, most States require very clear and conspicuous disclosure of the fees and the APR you are being charged. Many States require lenders to disclose a phone number of the State regulator so you can call to complain or ask questions.

There are more than 30 States with laws regulating payday loans. Use the links provided below to find out what the laws in your State are, so you can be a more informed consumer!