Payday Lending is prohibited into the Tri-state region: just how do Lenders remain in company? Published December 18, 2013 by Jeff Jenkins & filed under New Jersey Law. A pay day loan is a short-term loan which you borrow on your following paycheck. Lenders charge sky-high interest levels and framework the loans to create payment hard. It’s a predatory lending training that takes advantageous asset of individuals when they’re running away from options. It is illegal in ny, New Jersey,…