Payday Loans in Reamstown, Pennsylvania

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

Company nameAddressZip codePhone number
Mariner Finance 2528 Eastern Blvd, York, PA 17402 +1 (717) 840 - 9400
Fulton Bank 1641 S Market St, Elizabethtown, PA 17022 +1 (717) 367 - 3800
Centric Bank 1826 Good Hope Rd, Enola, PA 17025 +1 (717) 657 - 7727
NBT Bank 4 N Mountain Blvd, Mountain Top, PA 18707 +1 (570) 474 - 5382
ATM Clearview Fcu 1920 Park Manor Blvd, Pittsburgh, PA 15205 +1 (800) 627 - 3999
BB&T 330 Delaware Ave, Palmerton, PA 18071 +1 (610) 826 - 2906
Regency Finance Company 118 S Center Ave, Somerset, PA 15501 +1 (814) 443 - 4844
WesBanco Bank 3531 Brodhead Rd, Monaca, PA 15061 +1 (724) 774 - 0332
Body Beautiful Laser Medi Spa Bridgewater 500 Market St, Beaver, PA 15009 +1 (724) 987 - 3221
Elderton State Bank Mid-Towne Plaza, 1906 River Rd, North Apollo, PA 15673 +1 (724) 478 - 2111

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Reamstown, PA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Pittsburgh, PA, 24-Hour Loan in Reading, PA, Payday Loans in Scranton, PA, Payday Loans in State College, PA, Short-term Loans in Upper Darby, PA, Bad Credit Loans in Warminster, PA, Payday Loans in Wilkes-Barre, PA and Payday Loans in York, 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 Reamstown, PA.

Beautiful sights of Reamstown, PA

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

17567

Are Payday Loans Legal In Reamstown, 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

Reamstown, PA payday loan calculator

Understanding Payday Loans in Reamstown, Pennsylvania

Payday loans, also known as cash advances, are small, short-term loans that borrowers take out to cover unexpected expenses and tide them over until their next paycheck. Though the loans are often marketed as a quick-fix solution for financial emergencies, they come with high-interest rates and fees that can trap borrowers in debt cycles.

In Reamstown, Pennsylvania, payday loans are prohibited by state law to protect consumers from predatory lending practices. This means that lenders cannot legally offer payday loans to Pennsylvania residents.

Why are payday loans illegal in Pennsylvania?

The state of Pennsylvania is one of the few states that has enacted strict laws to protect consumers from predatory lenders. In 2010, the state passed the Payday Loan Consumer Protection Act, which prohibits payday lenders from charging excessively high interest rates and fees on small loans.

The act also requires payday lenders to be licensed by the Pennsylvania Department of Banking and Securities and caps fees at 3% of the loan amount plus a $5 fee, making it unprofitable for lenders to operate within the state.

What are the alternatives to payday loans?

While payday loans may seem like a quick and easy solution, they often lead to a cycle of debt that can be difficult to break. Fortunately, there are alternatives available to those in need of emergency funds:

  • Credit counseling: Many non-profit organizations offer credit counseling services to help individuals manage their debts and finances.
  • Personal loans: Personal loans from banks or credit unions typically offer lower interest rates and longer repayment terms than payday loans.
  • Emergency assistance programs: Many local charities and non-profit organizations offer emergency assistance programs that provide financial assistance to those in need.

Interesting Facts and Statistics on Payday Loans in Reamstown, Pennsylvania

  • The average payday loan in Pennsylvania is $375, with an average interest rate of 391%.
  • Almost 60% of payday borrowers in Pennsylvania rely on repeat loans to cover their expenses.
  • Payday lenders in Pennsylvania have been known to use aggressive collection tactics, including threatening legal action against borrowers who are unable to repay their loans.

Apply Now

If you’re in need of emergency funds, TheGuaranteedLoans can help connect you with potential lenders who may be able to offer you a personal loan. Our application process is quick and easy, and we work with a variety of lenders to find you the best rate and terms. Please note that TheGuaranteedLoans is a connecting service and not a direct lender.

If you’re interested in learning more about personal loans or would like to apply now, visit our website today.

F.A.Q.

Can I take out a payday loan online in Reamstown, Pennsylvania?

No, even if the lender is located outside of Pennsylvania, it is illegal to take out a payday loan online in this state.

Can I take out a payday loan from a lender in another state and use it in Reamstown, Pennsylvania?

No, it is illegal to use a payday loan from another state in Reamstown, Pennsylvania.