Payday loans are subject to state regulations, approval by the lender, and eligibility. The APR for online payday loans is contingent on a variety of factors including location, lender, the amount borrowed, fees, and terms. A single payday loan term ranges from two to four weeks. A payday loan must not be used as a long-term financial solution. Accounts which are not paid in full and on time may be sent to collections. This may have a negative effect on credit score and overall financial status. Loan rollover leads to extra fees and charges. Consumers with delinquent accounts or insufficient funds may incur other fines and penalties as well. Customers with credit difficulties should seek consumer credit counseling.