You can receive a far bigger loan ($ 3,000 - $ 100,000 for LOC vs. $ 400 for average payday loan); you pay far less interest rates (8 % -14 % vs. 399 % -521 %) and repayment terms are much easier (10 years vs. two weeks). (debt.org)
The average payday loan size is $ 300; the CSO loan maximum amount is significantly higher; (policymattersohio.org)
In Idaho, the worst offender, the average payday loan interest rate is 582 %! (due.com)