what we have seen with 400 percent interest rate it invariably leads to a long-term cycle of high cost interest rate debt. if you do encounter a payday lender is there a place to check them out to see if they are legit? oo from our per securityive a dpayday loan is a payday loan is a payday loan. there is little variance by term and cost. they charge the maximum rate they are allowed by law. you say swear off them but the consumer financial protection board is looking to regular slate this and monitor it. take charge this one shouldn t be at the top of the list. thank you so much for being with us for the take charge consumer protection segment. we will have this and other information. if you want to go to foxnews.com click on the america s news