Payday Loans in Worcester, Pennsylvania

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

Company nameAddressZip codePhone number
Wells Fargo Bank 7 N Kennedy Dr, McAdoo, PA 18237 +1 (570) 929 - 2333
Bank of America with Drive-thru ATM 702 Nutt Rd, Phoenixville, PA 19460 +1 (484) 920 - 3289
Hatboro Federal Savings Loan Office 229 S York Rd, Hatboro, PA 19040 +1 (215) 675 - 4424
Frick Ketrow Insurance Agency 12 N Main St 4, Homer City, PA 15748 +1 (724) 479 - 2005
First Commonwealth Bank 367 Main St, Kersey, PA 15846 +1 (814) 885 - 8041
ACNB Bank 318 Lincoln Way E, New Oxford, PA 17350 +1 (888) 334 - 2262
First Commonwealth Bank 14303 Clearfield Shawville Hwy, Clearfield, PA 16830 +1 (814) 765 - 2666
Walmart Money Center 1731 Blakeslee Blvd Dr E, Lehighton, PA 18235
BB&T 39 S Arch St, Milton, PA 17847 +1 (570) 742 - 2348
Santander Bank 1102 Taylorsville Rd, Washington Crossing, PA 18977 +1 (215) 493 - 9100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Worcester, PA, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Abington, PA, Payday Loans in Allentown, PA, 24-Hour Loan in Altoona, PA, Guaranteed Loans in Bensalem, PA, No Credit Check Loans in Bethel Park, PA, Payday Loans in Bethlehem, PA, Short-term Loans in 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 Worcester, PA.

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

19490

Are Payday Loans Legal In Worcester, 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

Worcester, PA payday loan calculator

Understanding Payday Loans in Worcester, Pennsylvania

Payday loans are a type of short-term loan that is designed to be repaid on or before the borrower’s next payday. In Worcester, Pennsylvania, however, payday loans are prohibited by law. These loans are typically used by individuals who need quick access to cash and cannot wait until their next paycheck. While they may seem like a quick fix to a financial problem, payday loans can have serious consequences for borrowers who are unable to repay the loan on time.

Why are Payday Loans Prohibited in Pennsylvania?

In Pennsylvania, payday lenders are prohibited from operating in the state. The state’s usury laws cap interest rates at 6% for licensed lenders and prohibit unlicensed lenders from charging interest rates higher than 24%.

The high interest rates and short repayment terms of payday loans make them a risky form of borrowing. In many cases, borrowers are unable to repay the loan on time and end up taking out multiple loans to cover the original loan, creating a cycle of debt that can be difficult to break. To protect consumers, Pennsylvania has implemented strict rules and regulations around lending practices, including payday lending.

What are the Alternatives to Payday Loans in Worcester, Pennsylvania?

While payday loans are not available in Worcester, Pennsylvania, there are alternatives available for those who need quick access to cash. Some of these alternatives include:

  • Personal loans: These loans are available through banks, credit unions, and online lenders. They typically have longer repayment terms and lower interest rates than payday loans.
  • Credit card cash advances: If you have a credit card, you may be able to take out a cash advance. Interest rates for cash advances are typically higher than the interest rates for regular purchases, but they are still lower than payday loan interest rates.
  • Credit counseling: If you are struggling with debt, credit counseling can help you develop a plan to manage your finances and pay off your debts.

Facts and Statistics

– In Pennsylvania, the average payday loan borrower takes out eight loans per year, with an average loan size of $318.

– According to the Pennsylvania Department of Banking and Securities, more than 85% of payday loan borrowers take out a second loan within two weeks of the first loan.

– The average payday loan borrower in Pennsylvania pays $520 in fees for a $375 loan.

Apply Now

If you need financial assistance, TheGuaranteedLoans can help. As a connector service, we can facilitate your connection with potential lenders who may be able to provide you with the funds you need. Simply fill out our online application and we will match you with a lender who meets your needs.

Remember, payday loans may be tempting, but they come with high fees and interest rates that can trap you in a cycle of debt. Consider alternatives to payday loans before you borrow and make sure you understand the terms and conditions of any loan before you sign on the dotted line.

F.A.Q.

Can I be arrested for not paying back an illegal payday loan in Worcester, Pennsylvania?

No, you cannot be arrested for not paying back an illegal payday loan in Worcester, Pennsylvania.

Can I be harassed or threatened by a lender for not paying back an illegal payday loan in Worcester, Pennsylvania?

No, you cannot be harassed or threatened by a lender for not paying back an illegal payday loan in Worcester, Pennsylvania. If you have been harassed or threatened, you can report the lender to the Pennsylvania State Department of Financial Services.