Payday Loans in Holmes, Pennsylvania

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No payday loan companies in Holmes, PA. Consider companies in other cities:

Company nameAddressZip codePhone number
First Commonwealth Bank 198 Park Manor Dr, Pittsburgh, PA 15205 +1 (412) 747 - 8100
GE Credit Union 230 Mall Blvd, King of Prussia, PA 19406 +1 (610) 354 - 7070
I TS Asset Management LP 1720 Washington Rd, Washington, PA 15301 +1 (724) 745 - 2300
Mid Penn Bank 17 N 2nd St, Harrisburg, PA 17101 +1 (717) 920 - 1980
The Gratz Bank 2244 W Market St, Pottsville, PA 17901
Santander Bank ATM 1760 Quentin Rd, Lebanon, PA 17042 +1 (877) 768 - 2265
MoneyLine Lending 875 Market St, Lemoyne, PA 17043 +1 (717) 763 - 5626
Apex Asset Management , LLC 2501 Oregon Pike, Lancaster, PA 17601 +1 (717) 519 - 1770
Northwest Bank 370 W Governor Rd, Hershey, PA 17033 +1 (717) 533 - 1724
TD Bank 4309 W Skippack Pike, Schwenksville, PA 19473 +1 (610) 584 - 0965

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Holmes, PA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Chester, PA, Payday Loans in Erie, PA, Payday Loans in Harrisburg, PA, 24-Hour Loan in Haverford, PA, Payday Loans in Lancaster, PA, Payday Loans in Levittown, PA, Payday Loan Companies in Norristown, PA and Payday Loans in Philadelphia, PA. 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 Holmes, PA.

Beautiful sights of Holmes, PA

Payday Loans Available in Holmes, PA By The Following ZIP Codes:

19043, 19076, 19098

Are Payday Loans Legal In Holmes, Pennsylvania?

Payday Lending is Prohibited in Pennsylvania

Pennsylvania Loan Regulations

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

Holmes, PA payday loan calculator

Understanding Payday Loans: Why They Are Prohibited in Holmes, Pennsylvania

Payday loans are high-interest, short-term loans that have become increasingly popular in recent years. These loans are usually for small amounts of money, and they are meant to be paid back in full by the borrower’s next payday. While payday loans are a legal form of lending in many states, they are not allowed in all states, including Pennsylvania. Holmes, Pennsylvania is one of the cities where payday loans are prohibited.

What Makes Payday Loans So Controversial?

While payday loans can seem like a quick and easy solution to financial problems, they can also be incredibly dangerous. The APR on payday loans can be over 500%, making them one of the most expensive forms of lending available. Plus, if you can’t pay back the loan on time, additional fees and interest will be added to the original amount, compounding the debt and making it difficult to ever pay off.

Another issue with payday loans is that they are often marketed to people who are already struggling financially. Predatory lenders target communities that are low-income or have low levels of financial literacy, which can make it difficult for borrowers to fully understand the terms of the loan. This lack of understanding can lead to a cycle of debt that is almost impossible to break free from.

Why Are Payday Loans Not Allowed in Holmes, Pennsylvania?

Payday loans are not allowed in Holmes, Pennsylvania because the state has implemented laws that protect consumers from predatory lending practices. In 2010, the Pennsylvania legislature passed the Pennsylvania Credit Services Act, which created a cap on interest rates for consumer loans at 6%. While this cap applies to most types of consumer loans, including personal loans and credit cards, it also applies to payday loans.

As a result of these regulations, payday lending is illegal in Pennsylvania. Title loans, which are a similar type of lending product, are also prohibited in the state.

Interesting Facts and Statistics About Payday Loans in Holmes, Pennsylvania

  • According to the Pennsylvania Department of Banking and Securities, there were no licensed payday lenders in the state as of 2021.
  • The average APR for a payday loan in the United States is 391%.
  • A report by the Consumer Financial Protection Bureau found that 80% of payday loans are rolled over or renewed within two weeks, which can lead to a cycle of debt.

Apply Now and Connect with Lenders

While payday loans are not legal in Holmes, Pennsylvania, TheGuaranteedLoans offers a simple and secure way to connect with lenders who may be able to help you get the funds you need. As a connector service, we work with a network of trusted lenders who can provide personal loans, installment loans, and other lending products. When you fill out our online application, we will match you with potential lenders based on your needs and qualifications. Click here to get started and see if you qualify for a loan through our network of lenders!

F.A.Q.

Can I still be charged fees on a payday loan in Holmes, Pennsylvania?

No, you cannot be charged fees on a payday loan in Holmes, Pennsylvania because these loans are illegal in the state.

Can I be evicted from my home for taking out a payday loan in Holmes, Pennsylvania?

No, you cannot be evicted from your home for taking out a payday loan in Holmes, Pennsylvania because these loans are illegal in the state.