Payday Loans in Reeders, Pennsylvania

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

Company nameAddressZip codePhone number
Jonestown Bank & Trust Co. JBT 122 Bowman St, Lebanon, PA 17046 +1 (717) 273 - 0405
Michael O'Connor - TD Bank Mortgage Loan Officer 100 W Dekalb Pike, King of Prussia, PA 19406 +1 (888) 751 - 9000
Citizens Bank 2 W Main St, Mechanicsburg, PA 17055 +1 (717) 766 - 4743
Citizens Savings Bank 335 Willow Ave, Honesdale, PA 18431 +1 (570) 253 - 2560
Timberland Federal Credit Union 8764 Clearfield Curwensville Hwy, Clearfield, PA 16830 +1 (814) 371 - 2676
Regency Finance Company 3350 Paxton St E, Harrisburg, PA 17111 +1 (717) 564 - 1871
ESSA Bank & Trust 76 S Main St, Nazareth, PA 18064 +1 (610) 746 - 0926
The Honesdale National Bank 619 N Main St, Forest City, PA 18421 +1 (570) 785 - 2274
Wells Fargo Bank 101 N Main Ave, Scranton, PA 18504 +1 (570) 961 - 7924
NBT Bank 29 Quaker Lake Rd, Friendsville, PA 18818 +1 (570) 553 - 2122

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Reeders, PA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Pittsburgh, PA, No Credit Check Loans in Reading, PA, Payday Loans in Scranton, PA, Payday Loans in State College, PA, Guaranteed Loans in Upper Darby, PA, Payday Loans in Warminster, PA, Guaranteed 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 Reeders, PA.

Are Payday Loans Legal In Reeders, 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

Reeders, PA payday loan calculator

Understanding Payday Loans in Reeders, Pennsylvania

Payday loans are short-term loans that are usually taken out to cover unexpected expenses between paychecks. These loans are typically due on the borrower’s next payday, hence the name payday loans. While payday loans can be useful in times of need, they often come with high interest rates and fees that can put borrowers in a cycle of debt. Moreover, payday loans are completely prohibited in Pennsylvania, which means that residents of Reeders should consider alternatives to these loans instead.

Why are payday loans prohibited in Pennsylvania?

In 2008, Pennsylvania passed the Check Cashing Licensing Act, which prohibited payday lending in the state. This was done to protect consumers from the high-interest rates and fees that come with these loans. Payday lenders often target vulnerable populations such as those with low-income or those who may not be able to access other forms of credit. Prohibiting payday loans ensures that these populations are not taken advantage of.

What are the alternatives to payday loans for Reeders residents?

While payday loans are not an option for residents of Reeders, there are other options available. Firstly, residents can consider personal loans from credit unions or banks. Personal loans often come with lower interest rates and longer repayment periods than payday loans. Residents can also consider credit card cash advances, which can be less expensive than payday loans. Additionally, residents can seek out financial assistance programs that may be available in their community to help cover expenses.

What are the risks of payday loans?

Payday loans come with high-interest rates and fees that can make it difficult for borrowers to pay back the loan on time. If the borrower is unable to pay back the loan on time, they may be forced to roll over the loan, which can result in additional fees and interest. This can create a cycle of debt that can be difficult to break out of. Moreover, payday lenders can be predatory and may engage in practices that violate state laws, which can further harm borrowers.

Interesting Facts about Payday Loans in Reeders, Pennsylvania

  • Payday loans are prohibited in Pennsylvania
  • The Check Cashing Licensing Act was passed in 2008 to prohibit payday lending in the state
  • The maximum allowable interest rate for small loans in Pennsylvania is 6%
  • Payday lending is currently legal in 32 states in the US

Apply Now!

If you are in need of financial assistance, consider TheGuaranteedLoans as a connector to potential lenders. Our website offers the ability to fill out an online application quickly and easily. It is important to note that TheGuaranteedLoans is not a direct lender, but a connector service that will facilitate your connection with potential lenders. We are committed to transparency and providing our customers with valuable information about their lending options.

At TheGuaranteedLoans, we understand that unexpected expenses can be stressful. Let us help connect you with a potential lender so you can get the financial assistance you need.

F.A.Q.

What should I do if a payday loan lender is threatening me with legal action in Reeders, Pennsylvania?

If a payday loan lender is threatening you with legal action in Reeders, Pennsylvania, you should contact the Pennsylvania State Department of Financial Services to report the lender's actions. The department may be able to help you resolve the issue and protect your rights.

Is it possible to get a payday loan from a lender in another state and use it in Reeders, Pennsylvania?

No, it is not possible to get a payday loan from a lender in another state and use it in Reeders, Pennsylvania. Payday loans are illegal in Reeders, Pennsylvania, regardless of where the lender is located.