Payday Loans in Elida, New Mexico

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

Company nameAddressZip codePhone number
Wells Fargo Bank 800 NM-478, Anthony, NM 88021 +1 (575) 882 - 3571
Security Title Abstract 108 Bernard, Socorro, NM 87801 +1 (575) 835 - 1440
MidWest Finance 424 S Riverside Dr, Española, NM 87532 +1 (505) 753 - 0332
Security Finance 120 W Picacho Ave, Las Cruces, NM 88005 +1 (575) 526 - 6360
Checkmate 8201 Golf Course Rd NW, Albuquerque, NM 87120 +1 (505) 899 - 6400
Grant County Title Co 1963 Hilltop Rd, Silver City, NM 88061 +1 (575) 388 - 1501
LendNation 805 N Highway 491, Gallup, NM 87301 +1 (505) 722 - 4800
Speedy Loan 1300 W Broadway Ave, Bloomfield, NM 87413 +1 (505) 634 - 1100
AFC Automotive Finance Corp. 608 Chama St NE, Albuquerque, NM 87108 +1 (505) 244 - 3828
Sun Loan Company 1611 N Prince St, Clovis, NM 88101

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Elida, NM, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Hobbs, NM, Payday Loans in Las Cruces, NM, Bad Credit Loans in Rio Rancho, NM, Short-term Loans in Roswell, NM, Emergency Loan in Santa Fe, NM, Payday Loans in Alamogordo, NM, Payday Loans in Albuquerque, NM and Payday Loans in Clovis, 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 Elida, NM.

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

88116

Are Payday Loans Legal In Elida, 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

Elida, NM payday loan calculator

Payday Loans in Elida, New Mexico: Everything You Need to Know

If you’re in need of quick cash to cover unexpected expenses, you may be considering a payday loan. While payday loans have often been associated with high interest rates and predatory lending practices, they are legal in New Mexico and can be a helpful option for those who need cash fast. In this article, we’ll take a look at everything you need to know about payday loans in Elida, New Mexico.

What is a Payday Loan?

A payday loan is a short-term loan that you can use to cover unexpected expenses until your next payday. These loans typically have a high interest rate and require you to pay the loan back in full plus interest within a few weeks. In Elida, New Mexico, payday loans are legal and regulated by the New Mexico Regulation and Licensing Department.

How to Apply

Applying for a payday loan in Elida, New Mexico is easy and convenient. Many lenders offer online applications that you can fill out from the comfort of your own home. When applying for a payday loan, you will typically need to provide your personal information, including your name, address, and social security number. You will also need to provide information about your employment and income.

What are the Requirements?

In order to qualify for a payday loan in Elida, New Mexico, you must be at least 18 years old and have a steady source of income. You will need to provide proof of income, such as your most recent pay stub, and have a valid checking account. You may also need to provide proof of residency, such as a utility bill or lease agreement.

What are the Risks?

While payday loans can be a helpful option for those in need of quick cash, they do come with risks. The high interest rates associated with payday loans can make it difficult to pay back the loan in full, which can lead to even more financial stress. Additionally, some payday lenders have been known to engage in predatory lending practices, so it’s important to do your research and choose a reputable lender.

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

  • According to a report by the New Mexico Center on Law and Poverty, payday loans in New Mexico carry an average APR of 409%.
  • In 2018, there were 49 licensed small loan lenders in the state of New Mexico, including payday lenders.
  • The New Mexico Financial Institutions Division regulates and licenses all payday lenders in the state to ensure compliance with state laws and regulations.

Apply Now

At TheGuaranteedLoans, we understand that unexpected expenses can be stressful and overwhelming. That’s why we offer a convenient online application process that can connect you with potential lenders in Elida, New Mexico. It’s important to remember that we are a connector service and not a direct lender. We work with a network of reputable lenders to help you find the best loan option for your needs. To get started, simply fill out our online application and we will work to connect you with a lender as soon as possible.

In conclusion, payday loans can be a helpful option for those in need of quick cash in Elida, New Mexico. However, it’s important to do your research and choose a reputable lender to avoid predatory lending practices and high interest rates. At TheGuaranteedLoans, we are committed to connecting you with a lender that meets your needs and offers fair and transparent lending practices. Apply now and take the first step towards securing the funds you need.

F.A.Q.

What is the interest rate for payday loans in New Mexico?

The interest rate for payday loans in New Mexico is capped at 175% annual percentage rate (APR).

Do I need collateral to get a payday loan in New Mexico?

No, payday loans in New Mexico do not require collateral.