Payday Loans in Laughlintown, Pennsylvania

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

Company nameAddressZip codePhone number
FNCB Bank 1 N Main St, Wilkes-Barre, PA 18701 +1 (570) 831 - 1000
Wells Fargo Bank 840 E Main St, Palmyra, PA 17078 +1 (717) 838 - 5401
KeyBank 810 McKeesport Rd, Elizabeth, PA 15037 +1 (412) 384 - 7200
Thompson Lexus Doylestown 50 W Swamp Rd, Doylestown, PA 18901 +1 (267) 884 - 0168
Northwest Bank 4 Perry St, Union City, PA 16438 +1 (814) 438 - 3896
Citizens Bank 351 Kidder St, Wilkes-Barre, PA 18702 +1 (570) 826 - 1386
Michael Mizrachi - Mortgage Loan Officer 577 N Main St, Doylestown, PA 18901 +1 (215) 444 - 3996
Mariner Finance 765 Kidder St, Wilkes-Barre, PA 18702 +1 (570) 846 - 2284
Union National Bank 1071 Numidia Dr, Numidia, PA 17858 +1 (570) 799 - 0176
Hatboro Federal Savings Loan Office 229 S York Rd, Hatboro, PA 19040 +1 (215) 675 - 4424

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Laughlintown, PA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Chester, PA, Same Day Loans in Erie, PA, No Credit Check Loans in Harrisburg, PA, Payday Loan for Haverford, PA, Payday Loan for Lancaster, PA, Payday Loans in Levittown, PA, Short-term Loans 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 Laughlintown, PA.

Beautiful sights of Laughlintown, PA

Are Payday Loans Legal In Laughlintown, 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

Laughlintown, PA payday loan calculator

If you’re in Laughlintown, Pennsylvania, and looking for a payday loan, the first thing you should know is that they are prohibited in the state. While it’s tempting to use payday loans to make ends meet, Pennsylvania law shields its residents from the high-interest loans that often come with them. Instead, it’s time to explore some alternative financing options that could help you stay financially stable.

Why Are Payday Loans Prohibited in Pennsylvania?

Several states across the US prohibit payday loans, with Pennsylvania being one of the first states to enact legislation that kept lenders from offering them in the state. The primary reason for this is that payday loans often come with high interest rates, often exceeding 400%, which can make it tough for borrowers to pay them off promptly. Many people borrow from payday loan lenders in the first place because they’re dealing with an emergency financial situation or have limited access to other financing options.

The tight controls on payday loans in Pennsylvania help to protect borrowers’ financial stability in the state. If you’re looking for an alternative financing option, read on to learn about the options you can explore in Laughlintown and beyond.

Alternative Options to Payday Loans in Laughlintown, PA

With payday loans out of the question for Laughlintown residents, here are some alternative financing options to consider:

1. Personal Loans from Banks and Credit Unions

If you need cash for an emergency, a personal loan from a bank or credit union is an excellent option. These institutions typically offer discounts to customers who are already members. However, personal loans from banks and credit unions are often backed by stringent borrowing qualifications, so you’ll need to have good credit and income to get approved. It’s a good idea to evaluate the borrowing requirements of multiple organizations before you proceed.

2. Peer-to-Peer Lending

Peer-to-peer lending (P2P) is another alternative to traditional payday loans that Laughlintown residents can consider. The concept of P2P lending is simple: borrowers apply for funds from an online marketplace where multiple individuals fund the loan. This model often leads to better interest rates for borrowers, but it’s vital to ensure you’re using a reputable P2P platform and one that meets regulatory standards before borrowing.

3. Credit Cards

Credit card can be useful for financing small emergency expenses, particularly if you have a credit line already. Many credit cards also offer a 0% introductory APR, which means you could repay the balance over a set time with no interest charges. It’s crucial to pay off the debt before the introductory APR offer expires to avoid harsh interest rates.

Apply Now

At TheGuaranteedLoans, we understand that Pennsylvania residents can face difficult financial issues and emergencies. We are a connector service, and we aim to help residents in the state connect with potential lenders. Fill out our online application, and we will work our hardest to help you get the loan you need.

Interesting Facts About Payday Loans in Laughlintown, Pennsylvania

  • In Pennsylvania, the highest rate of interest for loans is 6% per year according to the Commerce and Trade statute, but payday loans go beyond this figure.
  • In 2008, the maximum loan amount for payday loans was $500, and the typical length of the loan term was two weeks.
  • Pennsylvania resident borrowers took out three million payday loans exceeding $1 billion in 2008.
  • In 2018 Pennsylvania Attorney General Josh Shapiro sued several payday lenders for violating state lending laws and operating under illegal lines of credit.
  • In the United States, 12 million people take out payday loans each year, spending over $9 billion each year on loan fees.

Conclusion

Payday loans can be dangerous to borrowers, and Pennsylvania law protects its residents from the high-interest loans that often accompany them. Now, you can explore alternative financing options in the state and help keep your financial stability intact. For all of your loan needs, consider TheGuaranteedLoans as we connect you with potential lenders and help you get the loan you need.

F.A.Q.

Can I be arrested for taking out a payday loan in Laughlintown, Pennsylvania?

It is unlikely that a borrower would be arrested for taking out a payday loan in Laughlintown, Pennsylvania, as the focus of enforcement efforts is typically on the lenders, rather than the borrowers. However, borrowers who knowingly engage in illegal activities, such as providing false information to a lender or participating in a loan scheme, may face criminal charges.

Are there any other resources available to help me avoid predatory lending in Laughlintown, Pennsylvania?

Yes, there are several resources available to help consumers avoid predatory lending in Laughlintown, Pennsylvania, including the state's Consumer Financial Protection Bureau, the Pennsylvania State Banking Department, and the Pennsylvania City Department of Consumer Affairs.