Payday Loans in New Park, Pennsylvania

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

Company nameAddressZip codePhone number
Raymond James Financial Services 901 E Main St, Palmyra, PA 17078 +1 (717) 832 - 6246
ATM M&t Bank 85 W Wellsboro St, Mansfield, PA 16933 +1 (800) 627 - 3999
Mid Penn Bank 2148 Market St, Camp Hill, PA 17011 +1 (717) 920 - 0224
Arize Federal Credit Union 9902 Shaner Boulevard, Huntingdon, PA 16652 +1 (814) 643 - 7910
Santander Bank 333 S Liberty St, Orwigsburg, PA 17961 +1 (570) 366 - 1810
BB&T 1 E Market St Suite 101, York, PA 17401 +1 (717) 852 - 7257
Gerber Collision & Glass 153 PA-100, Fogelsville, PA 18051 +1 (610) 395 - 0199
PNC Bank 1008 Columbia Blvd, Bloomsburg, PA 17815 +1 (570) 387 - 4521
First National Bank 1718 Wilmington Rd, New Castle, PA 16105 +1 (724) 658 - 8531
Fiserv 1400 Market St, Camp Hill, PA 17011 +1 (717) 763 - 4160

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in New Park, 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 Loan Companies in Erie, PA, Payday Loans in Harrisburg, PA, Payday Loan for Haverford, PA, Online Loans in Lancaster, PA, Bad Credit Loans in Levittown, PA, Emergency Loan in Norristown, PA and Payday Loan Companies 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 New Park, PA.

Are Payday Loans Legal In New Park, 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

New Park, PA payday loan calculator

Understanding Payday Loans in New Park, Pennsylvania – What You Need to Know

In Pennsylvania, payday loans are prohibited. However, that does not stop some individuals from seeking the help of payday lenders to cover unexpected expenses. According to the Pennsylvania Department of Banking and Securities, there are no licensed payday lenders operating within the state.

Payday loans are small-dollar, short-term loans intended to be repaid on the borrower’s next payday. These loans typically come with high interest rates and fees, making them a costly option for borrowing money.

Why Are Payday Loans Prohibited in Pennsylvania?

The state of Pennsylvania has taken a strong stance against payday loans. The high interest rates and fees associated with these loans can trap borrowers in a cycle of debt, making it difficult to ever get back on their feet financially.

As a result, the state legislature passed a law in 2010 prohibiting payday lenders from operating within the state. The law put a cap on interest rates for small loans at 24%, essentially making payday lending unprofitable for lenders.

What Are The Alternatives to Payday Loans in New Park, Pennsylvania?

While payday loans may seem like an easy way to get quick cash, there are many alternative options available that can be more affordable and less risky.

  • Credit Counseling: A reputable credit counseling agency can help you develop a budget and a plan to pay off your debts. They may even be able to negotiate with your creditors to lower your interest rates or work out a repayment plan that fits within your budget.
  • Personal Loans: A personal loan from a bank, credit union, or online lender can provide you with the funds you need at a more reasonable interest rate.
  • Family and Friends: While it may be difficult to ask for help from those closest to you, it’s worth considering. They may be willing to lend you the money you need without charging interest or fees.
  • Credit Card Cash Advance: While not ideal, a credit card cash advance can be less expensive than a payday loan. Just be sure to pay it back as soon as possible to avoid high fees and interest rates.

Interesting Facts about Payday Loans in New Park, Pennsylvania

  • The average payday loan in Pennsylvania is $300, with an average interest rate of 400%.
  • In 2016, payday lending drained $50 million from Pennsylvania residents, according to a report from the Center for Responsible Lending.
  • The average payday borrower takes out eight loans per year, spending $520 on interest for an average loan of $375.

Apply Now for Alternative Loan Options

If you find yourself in need of cash and are considering a payday loan, we encourage you to explore alternative options first. TheGuaranteedLoans is a connector service that can help you connect with potential lenders who can provide you with personal loans at more reasonable interest rates.

Please note that TheGuaranteedLoans is not a direct lender and does not make credit decisions. We do, however, work with a network of reputable lenders who can provide you with the funds you need in a timely and affordable manner. Apply now through our website for more information.

Remember, payday loans are prohibited in Pennsylvania for a reason. We encourage you to make informed decisions about borrowing money and consider all of your options before entering into any loan agreement.

F.A.Q.

Are there any other options for fast cash in New Park, Pennsylvania?

Consumers in New Park, Pennsylvania may be able to access funds through a credit union or bank loan, or by using a credit card or personal loan. It is also possible to sell assets or ask friends or family for financial assistance.

Are payday loans legal in New Park, Pennsylvania?

No, payday loans are prohibited in the state of Pennsylvania.