Payday Loans in Wagontown, Pennsylvania

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

Company nameAddressZip codePhone number
LibertyX Bitcoin ATM 3322 Black Gap Rd, Chambersburg, PA 17202 +1 (800) 511 - 8940
Bank of America 7150 Hamilton Blvd, Trexlertown, PA 18087 +1 (610) 481 - 9652
Northwest Bank 370 W Governor Rd, Hershey, PA 17033 +1 (717) 533 - 1724
First National Bank 1249 Market St, Lemoyne, PA 17043 +1 (717) 972 - 2875
PNC Bank 338 Amity St, Homestead, PA 15120 +1 (412) 461 - 8512
Northwest Bank 730 Main St, Clarion, PA 16214 +1 (814) 226 - 7873
Raymond James Financial Services 5998 Main St, East Petersburg, PA 17520 +1 (717) 581 - 3200
PFFCU - Police and Fire Federal Credit Union 7501 Haverford Ave, Philadelphia, PA 19151 +1 (800) 228 - 8801
St Nicholas FCU 254 S Washington St, Wilkes-Barre, PA 18701 +1 (570) 825 - 2640
Penn Community Bank 400 Commerce Dr, Milford Square, PA 18935 +1 (215) 538 - 9916

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wagontown, PA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Chester, PA, Payday Loans in Erie, PA, Bad Credit Loans in Harrisburg, PA, Quick Loan in Haverford, PA, Payday Loans in Lancaster, PA, Payday Loans in Levittown, PA, Short-term Loans in Norristown, PA and Same Day Loans 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 Wagontown, PA.

Beautiful sights of Wagontown, PA

Are Payday Loans Legal In Wagontown, 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

Wagontown, PA payday loan calculator

Payday Loans in Wagontown, Pennsylvania: What You Need to Know

If you find yourself in need of fast cash to cover an unexpected expense, you may be considering a payday loan. However, if you are located in Wagontown, Pennsylvania, you’ll need to seek other alternatives, as payday loans are illegal in the state.

What is a Payday Loan?

A payday loan is a short-term loan that is meant to cover unexpected expenses until the borrower’s next payday. These loans typically carry high interest rates and fees and are often marketed to individuals without access to traditional banking services or those with poor credit.

Despite their convenience, payday loans have been criticized by many consumer advocates due to their high-cost and potential for trapping borrowers in a cycle of debt.

Why are Payday Loans Prohibited in Pennsylvania?

The state of Pennsylvania has long held strict regulations on payday lending practices. In fact, the state’s Department of Banking and Securities issued a consumer advisory in 2010, warning residents of the dangers associated with payday loans and reminding them that such loans are illegal.

The state’s Consumer Discount Company Act, which regulates small loan lending, caps interest rates on loans of $25,000 or less at 6 percent per year. This rate is far lower than the triple-digit annual percentage rates (APRs) commonly associated with payday loans.

Alternatives to Payday Loans in Wagontown, Pennsylvania

If you need cash quickly, there are several alternatives to payday loans that are legal in Pennsylvania, including:

  • Personal loans from banks or credit unions
  • Credit card cash advances
  • Installment loans from online or storefront lenders
  • Cash advances from employers or credit counseling organizations

It’s important to note that these alternatives may not be as fast as payday loans and may require a good credit score or collateral to secure. However, they offer lower interest rates and fees and can help you stay out of debt in the long run.

Interesting Facts and Statistics

  • In 2018, Pennsylvania lawmakers considered legalizing payday lending to generate revenue for the state, but the bill ultimately stalled.
  • According to a 2016 report from Pew Charitable Trusts, 12 million Americans use payday loans each year, spending an average of $520 on fees to borrow $375.
  • A 2014 report from the Consumer Financial Protection Bureau found that 80 percent of payday loans are rolled over or renewed within two weeks, and more than half of all payday loans are made to borrowers who take out more than 10 loans per year.

Apply Now

If you are located in Wagontown, Pennsylvania and need access to quick cash, TheGuaranteedLoans can help connect you with potential lenders. As a connector service and not a lender, we work with a network of trusted financial institutions to help you find a loan that fits your needs and financial situation.

It’s easy to get started – simply fill out our online application to get connected with lenders today. With no paperwork or trips to a storefront required, getting the cash you need has never been easier or more convenient.

Remember, payday loans may be illegal in Pennsylvania, but there are plenty of alternatives available to help you stay financially stable in times of need. Always do your research and choose a loan that works for your situation and budget.

F.A.Q.

Can I be sued for not paying back a payday loan in Wagontown, Pennsylvania?

Because payday loans are illegal in Wagontown, Pennsylvania, lenders cannot sue borrowers for not paying back the loan. However, borrowers may still be responsible for paying back any money they borrowed, even if the loan was illegal.

Can payday loan lenders garnish my wages in Wagontown, Pennsylvania?

No, payday loan lenders cannot garnish your wages in Wagontown, Pennsylvania because payday loans are illegal in the state.