Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
A rollover fee can buy time without reducing principal
CFPB explains that a payday rollover generally means paying a fee to delay repayment and that the fee does not reduce the principal. Its example shows a $300 loan with a $45 charge: after paying another $45 to roll it over, $300 principal is still due and cumulative fees have risen to $90. CFPB_ROLLOVER
The calculator must stop at the state-law boundary
Many states limit or ban rollovers, and NCSL’s state table is only a general index rather than a legal reference. Payday Hex uses current primary state authority before showing a legal rollover option. NCSL_STATES
Extended repayment can be different from rollover
CFPB notes that some state laws require extended repayment plans and these can allow repayment over more time rather than simply paying a fee to postpone the same principal. The page displays EPP before an additional-fee rollover where the current rules support it. CFPB_COSTS
The graph is cumulative cash paid versus principal reduction
A rollover that pays only fees appears as a rising cost line while principal stays flat. That makes the failure mode visible without moralizing.