Payday Loans in Slate Run, Pennsylvania

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

Company nameAddressZip codePhone number
Somerset Trust Company 1141 National Pike, Uniontown, PA 15401 +1 (724) 439 - 4302
Comfort Keepers 12 Allison Rd, Oreland, PA 19075 +1 (267) 293 - 7434
Woodlands Bank 973 Lycoming Mall Dr, Muncy, PA 17756 +1 (570) 546 - 5001
M&T Bank Drive Through Only 22A Nason Dr, Roaring Spring, PA 16673 +1 (814) 224 - 2159
Citizens Bank Supermarket Branch 223 Grove City Rd, Slippery Rock, PA 16057 +1 (724) 794 - 6400
M&T Bank 500 Main St, Bellwood, PA 16617 +1 (814) 742 - 6800
Principal Financial Group 997 Cumberland Hwy, Pleasant Hall, PA 17246 +1 (717) 547 - 5491
Regency Finance Company 6291 US-30, Greensburg, PA 15601 +1 (724) 523 - 2822
Univest Bank and Trust Co. 5829 Easton Rd, Plumsteadville, PA 18902 +1 (215) 766 - 3701
First Keystone Community Bank 437 W 3rd St, Nescopeck, PA 18635 +1 (570) 759 - 2767

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Slate Run, PA, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Pittsburgh, PA, Payday Loans in Reading, PA, Payday Loans in Scranton, PA, Payday Loans in State College, PA, Payday Loan Without a Credit Check in Upper Darby, PA, Quick Loan in Warminster, PA, No Credit Check 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 Slate Run, PA.

Beautiful sights of Slate Run, PA

Are Payday Loans Legal In Slate Run, 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

Slate Run, PA payday loan calculator

Payday Loans in Slate Run, Pennsylvania: What You Need to Know

Payday loans are a type of short-term loan that typically comes with high interest rates and fees. These loans are often marketed as a way to get quick cash to cover unexpected expenses or to make ends meet between paychecks. However, in Pennsylvania, payday loans are prohibited by law. Here’s what you need to know if you’re considering a payday loan in Slate Run, Pennsylvania.

What are Payday Loans?

Payday loans are small-dollar loans that are typically due on the borrower’s next payday. These loans are designed to be a short-term solution to financial emergencies and typically come with high interest rates and fees. In some cases, borrowers may be required to provide a post-dated check or give the lender access to their bank account to secure the loan.

While payday loans may seem like a quick and easy way to get cash when you need it, they can come with significant risks and drawbacks. High-interest rates and fees can make it difficult to repay the loan, potentially leading to a cycle of debt that can be difficult to escape.

Why are Payday Loans Prohibited in Pennsylvania?

Payday loans are prohibited in Pennsylvania because of their high interest rates and fees, which can trap borrowers in a cycle of debt. The state’s usury laws cap the annual percentage rate (APR) on loans at 24%, which makes payday loans highly unprofitable for lenders.

In addition to the state’s usury laws, the Consumer Discount Company Act (CDCA) also regulates lending in Pennsylvania. The CDCA requires lenders to be licensed and prohibits them from charging more than 6% interest above the prime rate for loans under $50,000. These regulations make it difficult for payday lenders to operate in the state.

Alternatives to Payday Loans in Slate Run, Pennsylvania

If you’re in need of quick cash in Slate Run, Pennsylvania, there are alternatives to payday loans that can help you avoid the risks and drawbacks of these high-cost loans. Here are a few options to consider:

  • Credit Cards: If you have a credit card, you may be able to use it to cover unexpected expenses. While credit cards can come with high interest rates and fees, they tend to be less expensive than payday loans.
  • Personal Loans: Personal loans are installment loans that can be used for a variety of purposes. These loans tend to have lower interest rates than payday loans and can be a good option if you need to borrow more money or need a longer repayment term.
  • Credit Counseling: Credit counseling agencies can help you manage your debt and develop a repayment plan that works for your budget. These services are typically low-cost or free and can be a good option if you’re struggling to make ends meet.

Facts About Payday Loans in Slate Run, Pennsylvania

While payday loans are prohibited in Pennsylvania, some borrowers may still seek out these loans from out-of-state lenders or online lenders. According to a report from the Pew Charitable Trusts, about 12 million Americans take out payday loans each year, racking up $9 billion in fees and interest charges.

In a survey of payday loan borrowers conducted by Pew, 69% of respondents said they used the loans to cover basic expenses like rent and utilities, while 16% said they used the loans to pay for unexpected expenses like car repairs or medical bills.

Apply Now

If you’re in need of quick cash and are considering a payday loan in Slate Run, Pennsylvania, it’s important to explore all of your options. While payday loans may seem like an easy solution, they can come with significant risks and consequences.

At TheGuaranteedLoans, we can help connect you with potential lenders who may be able to offer installment loans or personal loans to help you cover unexpected expenses. While we are not a direct lender, we work with a network of verified lenders who can help you get the money you need.

To get started, simply fill out our easy online application form and we’ll do the rest. Our application process is fast, secure, and confidential, and you could receive a decision in minutes. Don’t let a financial emergency leave you drowning in debt. Apply now with TheGuaranteedLoans and get the help you need today.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Slate Run, Pennsylvania?

No, because payday loans are illegal in Slate Run, Pennsylvania, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Slate Run, Pennsylvania?

Yes, the state of Pennsylvania has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.