Payday Loans in Shelocta, Pennsylvania

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

Company nameAddressZip codePhone number
Morgan Stanley 4259 W Swamp Rd Suite 400, Doylestown, PA 18902 +1 (215) 230 - 6900
Marshall Street Check Cashing 421 W Marshall St, Norristown, PA 19401 +1 (610) 270 - 0904
Check Cashing Station 721 Bristol Pike, Croydon, PA 19021 +1 (215) 785 - 4666
PHEPLE Federal Credit Union 708 US-119, Greensburg, PA 15601 +1 (724) 834 - 5580
Elderton State Bank Mid-Towne Plaza, 1906 River Rd, North Apollo, PA 15673 +1 (724) 478 - 2111
Indiana First Bank 935 Philadelphia St, Indiana, PA 15701 +1 (724) 349 - 2810
Gonzalez Multiservice 224A N 9th St, Reading, PA 19601 +1 (610) 375 - 1333
Fulton Bank 1113 Bloom Rd, Danville, PA 17821 +1 (570) 275 - 7944
Kish Bank 12522 William Penn Hwy, Mill Creek, PA 17060 +1 (814) 643 - 4400
BB&T 301 W 4th St, Quarryville, PA 17566 +1 (717) 786 - 7337

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Shelocta, PA

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

15774

Are Payday Loans Legal In Shelocta, 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

Shelocta, PA payday loan calculator

Understanding About Payday Loans in Shelocta, Pennsylvania

Payday loans have been a popular option for people in need of fast cash for emergencies. These types of loans typically have high interest rates and short repayment terms, making them a risky option for many. However, in Shelocta, Pennsylvania, payday loans are prohibited by state law.

The state of Pennsylvania has strict regulations in place to protect consumers from predatory lending practices. In 2018, the Pennsylvania Attorney General’s office settled lawsuits with two payday lending companies for over $2 million in restitution to consumers who were subjected to illegal high-interest payday loans.

According to Pennsylvania’s Department of Banking and Securities, any lenders who offer payday loans in the state are in violation of the law and can be subject to penalties and fines. The maximum penalty for offering payday loans in Pennsylvania is a fine of $1,000 per violation.

Alternative Options for Fast Cash in Shelocta, Pennsylvania

While payday loans may be prohibited in Shelocta and throughout Pennsylvania, there are other options available for people who need fast cash. Here are some alternatives:

  • Personal Loans: Personal loans can be obtained from banks or credit unions and often have lower interest rates than payday loans. The repayment period is longer, which can provide borrowers with a more manageable repayment plan that won’t break the bank. However, personal loans may require a credit check and a higher credit score than payday loans.
  • Credit Cards: Credit cards can be a useful tool for emergencies and can provide an immediate source of cash. However, interest rates on credit cards can be high, and if the borrower can’t pay the balance in full each month, the debt can quickly mount up.
  • Friends and Family: Borrowing money from friends or family can be an option for those who don’t want to take out a loan or use credit cards. This can be a good option since the repayment terms can be more flexible than loans. However, borrowing from loved ones can also strain relationships if the borrower is unable to repay the debt.

Interesting Facts and Statistics About Payday Loans in Pennsylvania

  • In Pennsylvania, the average payday loan carries an APR of 521%.
  • 55% of payday loan borrowers in Pennsylvania are women, and 42% have a household income of less than $30,000 a year.
  • In 2016, Pennsylvania lawmakers considered a bill that would have allowed payday lenders to operate legally in the state, but the bill was defeated in the Senate.

Apply Now to Get Connected to a Lender

While payday loans are prohibited in Shelocta, Pennsylvania, TheGuaranteedLoans connects borrowers with lenders who may offer alternative loan options. Our website provides a simple and secure application process, and we work with a network of trusted lenders who follow state and federal regulations. Fill out our online application today to get connected with a lender who can provide the cash you need.

Please note that TheGuaranteedLoans is not a direct lender but a connector service that facilitates the connection between borrowers and potential lenders. We don’t make credit decisions and can’t guarantee loan approval or loan amounts. Our service is completely free, and we don’t charge any fees for using our website.

F.A.Q.

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

It is unlikely that a borrower would be arrested for taking out a payday loan in Shelocta, 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 Shelocta, Pennsylvania?

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