Idaho, South Dakota and Wisconsin have the nation’s highest interest rates for payday loans, according to a report released by the Pew Charitable Trusts.

The report found rates in those states are high mainly because they’re among only seven states that impose no legal limits on payday loans. The study urges states to limit payments to "an affordable percentage of a borrower’s periodic income," saying monthly payments above 5% of gross monthly income are unaffordable.

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