A loan is a cash til payday loan type of debt. The law will allow the term of a loan to run from 14 to 35 days, with the fees capped at $15.50 for each $100 borrowed. Other views claim that this does not leave much room for altruism, and in fact discourages it, rather like a global prisoner's dilemma .i.e.: If "rational" people are not altruistic, then I shouldn't be altruistic either, ad infinitum. Although the monthly payments can often be lower, the total amount repaid is often significantly higher due to the long period of the loan
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