High lending rates Terms are very similar among the four banks. Three of the banks charge $10 for every $100 borrowed (Wells Fargo charges $7. 50 per $100). And all four will allow only half of the customer's paycheck or $500, whichever is less — to be advanced. The banks that report Annual Percentage Rates (APRs) list them at 120 percent. But that assumes money is lent for a 30-day cycle (10 percent times 12 months). Essential reads, delivered weekly Subscribe to get the week's most important news in your inbox every week. Your credit cards journey is officially underway. Keep an eye on your inbox—we'll be sending over your first message soon. Consumer groups say the loans are usually for shorter periods than that — between paychecks that come every two weeks, for instance, which ups the rate. The Center for Responsible Lending found that the average borrowing time for such a loan is 10 days. For a 10-day loan with 10 percent fee, the APR is really 365 percent, depending on how it is calculated, says Lauren Saunders, managing attorney of the National Consumer Law Center.
level 1 Read a lot! And don't ever lose your love for it. To quote Edward Abbey, "Do not burn yourself out. Be as I am -- a reluctant enthusiast... a part-time crusader, a half-hearted fanatic. Save the other half of yourselves and your lives for pleasure and adventure. It is not enough to fight for the land; it is even more important to enjoy it. While you can. While it is still there. So get out there and hunt and fish and mess around with your friends, ramble out yonder and explore the forests, encounter the grizz, climb the mountains, bag the peaks. Run the rivers, breathe deep of that yet sweet and lucid air, sit quietly for a while and contemplate the precious stillness, that lovely, mysterious and awesome space. Enjoy yourselves, keep your brain in and head and your head firmly attached to the body, the body active and alive, and I promise you this much: I promise you this one sweet victory over our enemies, over those deskbound people with their hearts in a safe-deposit box and their eyes hypnotized by desk calculators.