Payday Loans in Venus, Pennsylvania

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

Company nameAddressZip codePhone number
New Cumberland Federal CU 2001 Mission Dr, New Cumberland, PA 17070 +1 (717) 774 - 4634
Homeside Financial 320 Rolling Ridge Dr STE 202, State College, PA 16801 +1 (814) 364 - 9262
Scottdale Bank & Trust, A Division of Mid Penn Bank 704 Main St, Vanderbilt, PA 15486 +1 (724) 529 - 3115
First Commonwealth Bank 1913 N Juniata St, Hollidaysburg, PA 16648 +1 (814) 696 - 1421
ATM Top Star Exxon 5626 PA-145, Laurys Station, PA 18059
PNC Bank 810 Willow Valley Square, Lancaster, PA 17602 +1 (717) 464 - 5353
Walter Hopkins & Co LLP 1107 Linden St, Clearfield, PA 16830 +1 (814) 765 - 7876
VIST Bank 1 Reading Dr, Wernersville, PA 19565 +1 (610) 678 - 5997
Sky Small Business Loans 1700 Solly Ave, Philadelphia, PA 19152 +1 (215) 876 - 2224
ERIEBANK 5723 Buffalo Rd, Harborcreek, PA 16421 +1 (814) 899 - 5101

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Venus, PA, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Abington, PA, Payday Loan Without a Credit Check in Allentown, PA, Bad Credit Loans in Altoona, PA, Payday Loans in Bensalem, PA, Payday Loans in Bethel Park, PA, Payday Loans in Bethlehem, PA, Payday Loan for Bristol, PA and Payday Loans in Cheltenham, 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 Venus, PA.

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

16364

Are Payday Loans Legal In Venus, 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

Venus, PA payday loan calculator

Payday loans are known for their convenience and fast payouts, but they can be a dangerous financial tool if used unwisely. Unfortunately, payday loans are prohibited in Pennsylvania, and the same applies to Venus, Pennsylvania.

What are Payday Loans?

Payday loans are short-term loans that are usually due on the borrower’s next payday. They are not secured loans, which means that the borrower’s credit history and income are not factors in the loan approval process. Instead, payday lenders typically require borrowers to provide proof of employment and a checking account to apply for a loan. These loans usually have high interest rates and fees, making them a risky choice for anyone who needs to borrow money.

Why are Payday Loans Prohibited in Venus, Pennsylvania?

Payday loans are prohibited in Venus, Pennsylvania, along with the rest of the state, due to a law that was passed in 1998. The law caps interest rates on consumer loans at 6%. This means that lenders cannot charge more than 6% interest on loans to borrowers, making payday loans illegal in the state.

Penalties for Violating Payday Loan Laws in Venus, Pennsylvania

The penalties for violating payday loan laws in Venus, Pennsylvania are severe. Lenders who offer payday loans in the state can be fined up to $1,000 per violation or face criminal charges. The law also allows borrowers to seek damages from lenders who violate the law, which can include repayment of all interest and fees charged, as well as other damages and legal fees.

Alternatives to Payday Loans in Venus, Pennsylvania

While payday loans are not an option in Venus, Pennsylvania, there are several alternatives that borrowers can consider:

  • Credit Union Loans: Credit unions are not-for-profit financial institutions that offer loans to their members at lower interest rates than banks or other lenders.
  • Credit Card Cash Advances: Credit card cash advances allow you to withdraw cash from your credit card at an ATM or bank. However, interest rates on cash advances are typically higher than those on regular purchases, so this option should only be considered in emergencies.
  • Personal Loans: A personal loan from a bank, online lender, or peer-to-peer lender can be used for anything, including emergency expenses. Interest rates on personal loans vary based on the lender and the borrower’s credit history, but they are generally lower than those on payday loans.

Interesting Facts and Statistics About Payday Loans in Venus, Pennsylvania

  • Payday loans have dangerous interest rates and fees that can trap borrowers in a cycle of debt.
  • In states where payday loans are legal, borrowers take out an average of 10 loans per year and spend an average of 200 days per year in debt from payday loans.
  • The Consumer Financial Protection Bureau found that 80% of payday loans are rolled over or followed by another loan within 14 days of the original loan.

Apply Now

While payday loans are not an option in Venus, Pennsylvania, TheGuaranteedLoans can connect you with potential lenders who offer personal loans, title loans, and other types of loans. Fill out our easy online application for more information about how we can help you get the money you need.

Please note that TheGuaranteedLoans is not a direct lender. We are a connector service that will facilitate your connection with potential lenders. Lenders who offer personal loans may require credit checks and may have their own set of eligibility criteria.

F.A.Q.

What are the alternatives to payday loans in Venus, Pennsylvania?

Consumers in Venus, Pennsylvania can seek out small, short-term loans from credit unions or banks, or can consider using a credit card or personal loan for financial emergencies.

Why are payday loans prohibited in Venus, Pennsylvania?

Payday loans are prohibited in Venus, Pennsylvania due to their high interest rates and fees, which can trap consumers in a cycle of debt.