Payday Loans in Milford, Connecticut

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Payday Loan Companies in Milford, CT

Company nameAddressZip codePhone number
Alterra Home Loans 57 Plains Rd 2a 06461 +1 (203) 456 - 1876
Bank of America with Drive-thru ATM 21 Broad St 06460 +1 (203) 882 - 7030
GE Credit Union 70 W River St 06460 +1 (203) 783 - 9864
KeyBank 68 S Broad St 06460 +1 (203) 301 - 6340
Milford Federal Credit Union 70 W River St 2 06460 +1 (203) 877 - 0080
People's United Bank 1364 E Town Rd 06460 +1 (203) 877 - 8442
Sikorsky Credit Union 15 Turnpike Square 06460 +1 (203) 377 - 2252
Steven Massey - Raymond James 4 Oxford Rd 06460 +1 (203) 876 - 0099
TD Bank 1361 Boston Post Rd 06460 +1 (203) 878 - 1522
The Milford Bank 1455 Boston Post Rd 06460 +1 (203) 783 - 5790
The Milford Bank Lending Center 9 Depot St 06460 +1 (203) 783 - 5700
Webster Bank 100 Broad St 06460 +1 (203) 882 - 4400
webster bank, Careers 314 Merwin Ave 06460 +1 (800) 325 - 2424

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Milford, CT, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Naugatuck, CT, Payday Loans in New Britain, CT, Payday Loan for New Haven, CT, Payday Loans in Newington, CT, Payday Loans in Norwalk, CT, Emergency Loan in Norwich, CT, Payday Loans in Shelton, CT and Payday Loans in Southington, CT. 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 Milford, CT.

Beautiful sights of Milford, CT

Payday Loans Available in Milford, CT By The Following ZIP Codes:

06460

Are Payday Loans Legal In Milford, Connecticut?

Payday Lending is Prohibited in Connecticut

Connecticut Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Milford, CT payday loan calculator

Payday Loans in Milford, Connecticut

Milford, Connecticut is a small city located in New Haven County in the southern part of the state. It is home to approximately 51,000 people and was originally established in the late 1800s as an industrial hub. Unfortunately, payday lending is not an option for those living in Milford, as it has been deemed illegal by the state of Connecticut.

What Are Payday Loans?

Payday loans are short-term loans that are intended to provide relief for people who are facing an emergency expense. They typically range in size from $100 to $1,000, and can be obtained by submitting an application and providing proof of income. The loan is then repaid, typically within two weeks, using the borrower’s next paycheck or other source of income.

Why Are Payday Loans Not Legal in Connecticut?

The state of Connecticut has taken a firm stance against payday loans, and has prohibited them in the state. According to the state statutes, it is illegal for any lender to offer a payday loan in Connecticut, even if the lender is located out of state.

The reason for this law is that payday loans often have extremely high interest rates and fees, making it difficult for borrowers to repay. In addition, the high fees and interest can often trap borrowers in a cycle of debt, as they are unable to fully repay the loan.

What Are Some Alternatives to Payday Loans in Milford, Connecticut?

Fortunately, there are several alternative options for those looking for short-term loans in Milford, Connecticut. The following are some of the most popular alternatives to payday loans:

Personal Loans

Personal loans are available in Milford, Connecticut, and can provide a viable solution for those looking for extra money to cover an emergency expense. Personal loans often range in size from $1,000 to $50,000, and are usually offered at lower interest rates than payday loans.

Credit Cards

For those with good credit, it can be possible to qualify for a credit card with a low interest rate. Credit cards can provide a convenient way to cover emergency expenses, as they typically have a low interest rate and can be used anywhere.

Home Equity Loan

Home equity loans are available in Milford, Connecticut, and can provide a reliable source of funds for those with equity built up in their home. Home equity loans are typically offered at lower interest rates than other types of loans, and can be used for a variety of reasons.

Pawnshops

Pawnshops can be a good option for those looking for short-term funds in Milford, Connecticut. Pawnshops offer short-term loans to borrowers, typically in exchange for an item of value. The loan is then repaid, along with interest and fees, within two weeks.

Conclusion

Unfortunately, payday loans are not available in Milford, Connecticut, as they have been deemed illegal by the state. However, there are several alternatives that are available to residents of Milford, including personal loans, credit cards, home equity loans, and pawnshops.

Regardless of which option is chosen, it is important for borrowers to understand the terms and conditions of their loan before signing any paperwork. It is also important to remember to only borrow the amount of money that can be repaid, and to compare different lenders to ensure the best deal possible.

TheGuaranteedLoans is here to help everybody who needs financial assistance. If you are in search of a payday loan, title loan or other type of loan, we are here to provide you a connection with lenders. Please, be aware that we are not a lender and don’t provide any type of loans. All you need to do is to fill our application form and we will connect you with suitable lenders.

F.A.Q.

Are payday loans available in Milford, Connecticut?

No, payday loans are not available in Milford, Connecticut, as they are illegal in the state.

What are some alternatives to payday loans in Milford, Connecticut?

Some alternatives to payday loans in Milford, Connecticut include personal loans, credit cards, home equity loans, and pawnshops.

How can I find the best loan for me?

The best way to find the best loan for you is to compare different lenders and compare the terms and conditions of their loans. It is also important to only borrow the amount of money that can be repaid, and to consider all of the potential risks associated with taking out a loan.

Can TheGuaranteedLoans help me find a loan?

TheGuaranteedLoans can help you find a suitable lender. Simply fill out our application form and we will connect you with lenders. However, please be aware that TheGuaranteedLoans is not a lender and does not provide loans. All we do is connect you with suitable lenders.

More F.A.Q.

Can I be charged with a crime for taking out an illegal payday loan in Milford, Connecticut?

No, taking out an illegal payday loan in Milford, Connecticut is not a crime. However, the lender may face legal consequences for offering illegal loans.

Can I be sued for not paying back an illegal payday loan in Milford, Connecticut?

No, you cannot be sued for not paying back an illegal payday loan in Milford, Connecticut.

How Many Cash Advance Companies are in Milford, CT?

With the help of our service, you will be able to find 13 cash advance companies in Milford, CT

What Cash Advance Companies in Milford, CT are the most popular?

You should check Alterra Home Loans, Bank of America with Drive-thru ATM, and GE Credit Union. Also, you can start your application online on our website.