Payday Loans in Cordova, New Mexico

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No payday loan companies in Cordova, NM. Consider companies in other cities:

Company nameAddressZip codePhone number
Cash Store 1455 Hickory Dr Ste 2, Las Cruces, NM 88005 +1 (575) 525 - 2274
Courtesy Loans 5415 Gibson Blvd SE, Albuquerque, NM 87108 +1 (505) 265 - 6900
Liberty Finance 416 N Turner St, Hobbs, NM 88240 +1 (575) 397 - 5810
Sun Loan Company 208 W Luckey St, Carlsbad, NM 88220 +1 (575) 887 - 3620
Title Services Inc 112 N 2nd St, Raton, NM 87740 +1 (575) 445 - 3603
World Finance 915 N Turner St, Hobbs, NM 88240 +1 (575) 391 - 9347
Your Credit 113 E Broadway St, Hobbs, NM 88240 +1 (575) 393 - 4415
Washington Federal 71 Air Commando Way, Cannon AFB, NM 88103 +1 (575) 784 - 3351
Liberty Finance 238 Sudderth Dr, Ruidoso, NM 88345 +1 (575) 257 - 0114
Pancho's Car Title Loans 1165 McNutt Rd, Sunland Park, NM 88063 +1 (575) 332 - 4061

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cordova, NM, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Las Cruces, NM, Guaranteed Loans in Rio Rancho, NM, Short-term Loans in Roswell, NM, Payday Loans in Santa Fe, NM, Payday Loan Companies in Alamogordo, NM, Short-term Loans in Albuquerque, NM, Payday Loans in Clovis, NM and Payday Loans in Farmington, NM. 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 Cordova, NM.

Payday Loans Available in Cordova, NM By The Following ZIP Codes:

87523

Are Payday Loans Legal In Cordova, New Mexico?

Loan Rates and Fees, Laws and Regulations in New Mexico.

New Mexico Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)Not specified
Maximum Loan AmountNot specified
Minimum Loan TermNot specified
Maximum Loan TermNot specified
Number of Rollovers AllowedNot specified
Finance Charges

Cordova, NM payday loan calculator

Payday Loans in Cordova, New Mexico – Understanding the Basics

Life is unpredictable, and sometimes we all find ourselves facing unexpected expenses. When a financial emergency hits and you’re in need of quick, short-term cash, a payday loan can help cover your immediate needs.

What are Payday Loans?

A payday loan is a short-term, high-interest loan that is typically due on your next payday. These loans are designed to provide quick cash to borrowers when they need it most, and to be repaid in a short time frame. Payday loans are often used to cover unexpected expenses like medical bills or car repairs, or to bridge the gap between paychecks when money is tight.

How do Payday Loans Work in Cordova, New Mexico?

In New Mexico, payday loans are legal, and if you’re considering taking out a payday loan in Cordova, there are several things you should know. In New Mexico, the maximum amount you can borrow is $2,500, and the loan term cannot exceed 35 days. The interest rate on payday loans in New Mexico is capped at 175% APR, and lenders must provide borrowers with a written agreement that includes all of the terms and fees associated with the loan.

When you apply for a payday loan in Cordova, you’ll typically need to provide proof of income, a government-issued ID, and a checking account. Once the lender approves your application, you’ll receive the funds either in cash or via direct deposit to your bank account.

Pros and Cons of Payday Loans

As with any financial product, there are both pros and cons to payday loans. Some of the advantages of payday loans include:

  • Quick access to cash when you need it most
  • No credit check required
  • Simplified application process

However, there are also some disadvantages to consider before taking out a payday loan:

  • High interest rates and fees
  • Short repayment terms can lead to a cycle of debt
  • Some lenders may engage in predatory lending practices

Interesting Facts and Statistics about Payday Loans in Cordova, New Mexico

Did you know that in New Mexico, the average payday loan borrower takes out 4 payday loans per year? Additionally, the average payday loan in New Mexico is for $347, and the average interest rate is 404%. These statistics highlight the need for responsible payday lending practices and the importance of understanding the terms and fees associated with any loan you take out.

Apply Now for a Payday Loan in Cordova

If you find yourself in need of quick cash in Cordova, New Mexico and are considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and our goal is to help you find a lender that meets your needs and budget. To get started, simply fill out our online application today.

F.A.Q.

Are there any resources available for borrowers who need help resolving disputes with payday lenders in New Mexico?

Yes, borrowers who have disputes with payday lenders in New Mexico can contact the New Mexico Financial Institutions Division for assistance. The Division can help mediate disputes and ensure that lenders are complying with state laws. Borrowers can also contact a consumer law attorney for legal advice.

Are payday loans available to borrowers with bad credit in New Mexico?

Yes, payday loans are available to borrowers with bad credit in New Mexico. Payday lenders typically do not conduct credit checks, so borrowers' credit scores do not affect their ability to obtain a loan.