Payday Loans in North Grosvenordale, Connecticut

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in North Grosvenordale, CT. Consider companies in other cities:

Company nameAddressZip codePhone number
USALLIANCE Financial VA Hospital - Ground Floor 950 Campbell Ave, West Haven, CT 06516 +1 (800) 431 - 2754
Nutmeg State Financial Credit Union 995 W Main St, New Britain, CT 06053 +1 (860) 513 - 5000
Torrington Savings Bank 260 Spielman Hwy, Burlington, CT 06013 +1 (860) 675 - 2601
People's United Bank 105 Elm St, Old Saybrook, CT 06475 +1 (860) 388 - 0106
Thrivent Financial 953 Farmington Ave, Berlin, CT 06037 +1 (860) 828 - 8890
KeyBank 220 N Main St, Manchester, CT 06042 +1 (860) 533 - 5055
Jan Johnson CFP 945 Main St STE 306, Manchester, CT 06040 +1 (860) 647 - 7795
Liberty Bank 504 Bridgeport Ave Suite 300, Box 11, Shelton, CT 06484 +1 (888) 570 - 0773
Bankwell 1 Sasco Hill Rd, Fairfield, CT 06824 +1 (203) 659 - 7600
Bank of America with Drive-thru services 525 New Britain Rd, Berlin, CT 06037 +1 (800) 432 - 1000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in North Grosvenordale, CT, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Waterbury, CT, Payday Loans in West Hartford, CT, Payday Loan for West Haven, CT, Payday Loan for Bridgeport, CT, Short-term Loans in Bristol, CT, Guaranteed Loans in Danbury, CT, Payday Loans in East Hartford, CT and 24-Hour Loan in Enfield, CT. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in North Grosvenordale, CT.

Beautiful sights of North Grosvenordale, CT

Are Payday Loans Legal In North Grosvenordale, Connecticut?

Payday Lending is Prohibited in Connecticut

Connecticut Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

North Grosvenordale, CT payday loan calculator

Exploring Payday Loans in North Grosvenordale, Connecticut

Payday loans are short-term loans that are designed to provide you with quick access to cash in the event of an emergency. While payday loans can be helpful in certain situations, it is essential to understand that they come at a high cost. It’s important to research payday loans thoroughly before considering them as an option, especially since payday loans are prohibited in Connecticut.

North Grosvenordale is a small town in the northeastern part of Connecticut. While payday loans are prohibited in the state, residents of North Grosvenordale have other loan options that they can consider. These options include personal loans, credit union loans, and credit cards.

Why Are Payday Loans Prohibited in Connecticut?

Payday loans were banned in Connecticut in 2010 as a way of protecting consumers from high-interest rates and predatory lending practices. Payday lenders often trap borrowers in a cycle of debt, making it difficult for them to pay back the loan amount plus interest.

Lenders are not allowed to offer short-term financing in Connecticut with an APR higher than 12%. Payday loans, with their high-interest rates, are considered predatory lending practices.

Personal Loans

If you live in North Grosvenordale, a personal loan is a viable alternative to a payday loan. Personal loans are offered by banks, credit unions, and online lenders. They have lower interest rates than payday loans and can be paid off in fixed installments over time.

Personal loans can be used for a variety of purposes, such as car repairs, medical bills, or home renovations. Before applying for a personal loan, it’s essential to shop around and compare different lenders’ rates and terms.

Credit Union Loans

Credit unions are nonprofit financial institutions that offer loans to their members. They are a good alternative to traditional banks since they offer lower interest rates and are more willing to work with borrowers with less-than-perfect credit.

Credit union loans can be used for various expenses such as car repairs, home renovations, or debt consolidation. Before applying for a credit union loan, make sure to research various credit unions listed in North Grosvenordale.

Credit Cards

Credit cards are another loan option that residents of North Grosvenordale can consider. Credit cards can be a good alternative to payday loans for unexpected expenses.

Credit cards should, however, be used wisely to avoid accumulating debt that could be hard to pay off. It’s essential to pay credit card bills on time to avoid late fees and a negative impact on your credit score.

Apply Now

TheGuaranteedLoans is an online connector service that connects borrowers with potential lenders. Our platform offers access to a wide variety of loan products, including personal loans, installment loans, and credit lines.

To start the application process on our website, fill out a short online application form. Once you provide us with the necessary information, we’ll connect you with lenders who can offer loans that match your specific needs. Remember that TheGuaranteedLoans is not a direct lender and that we do not make decisions about loan approval or interest rates.

Interesting Facts or Statistics about Payday Loans in North Grosvenordale, Connecticut

  • Payday loans are prohibited in Connecticut since 2010.
  • The state has capped the interest rate for small loans at 12% APR.
  • Connecticut residents with low credit scores can still access credit through alternative sources such as credit unions or online lenders.

Conclusion: While payday loans are illegal in Connecticut, residents of North Grosvenordale have other loan options that they can consider. Personal loans, credit union loans, and credit cards are safer alternatives to payday loans. When considering a loan, make sure to read the terms and conditions carefully and compare lenders’ rates and fees before making a decision.

F.A.Q.

What are the penalties for offering or taking out a payday loan in North Grosvenordale, Connecticut?

Offering or taking out a payday loan in North Grosvenordale, Connecticut is considered a criminal offense and can result in fines and imprisonment.

Are there any exceptions to the payday loan prohibition in North Grosvenordale, Connecticut?

No, there are no exceptions to the payday loan prohibition in North Grosvenordale, Connecticut.