Payday Loans in Grenville, New Mexico

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

Company nameAddressZip codePhone number
FastBucks 915 N California St, Socorro, NM 87801 +1 (575) 838 - 1010
Check n Go 140 East U.S, US-550 Suite A, Bernalillo, NM 87004 +1 (505) 867 - 0432
Sun Loan Company 208 W Luckey St, Carlsbad, NM 88220 +1 (575) 887 - 3620
CFSC Speedy Loan 1300 W Broadway Ave, Bloomfield, NM 87413 +1 (505) 634 - 1100
First Community Bank 201 Washington Ave, Santa Fe, NM 87501 +1 (505) 992 - 8020
Check `n Go 1508 N Riverside Dr, Española, NM 87532 +1 (505) 672 - 5276
Farmington Loans 3900 E Main St, Farmington, NM 87402 +1 (505) 324 - 9898
Get Auto Title Loans Portales NM 205 E Rose Ln, Portales, NM 88130
Washington Federal Bank 300 E 1st St, Alamogordo, NM 88310 +1 (575) 439 - 0011
On Q Financial Loan Phan Albuquerque, NM 100 Sun Ave NE Suite 650, Albuquerque, NM 87109 +1 (505) 504 - 6862

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Grenville, NM, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Clovis, NM, Payday Loans in Farmington, NM, Payday Loans in Hobbs, NM, Payday Loan Without a Credit Check in Las Cruces, NM, Payday Loans in Rio Rancho, NM, Payday Loans in Roswell, NM, Payday Loan Without a Credit Check in Santa Fe, NM and Payday Loan Without a Credit Check in Alamogordo, 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 Grenville, NM.

Beautiful sights of Grenville, NM

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

88424

Are Payday Loans Legal In Grenville, 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

Grenville, NM payday loan calculator

Everything You Need to Know About Payday Loans in Grenville, New Mexico

Payday loans are a type of short-term loan designed to meet immediate financial needs. They are usually taken out by people who need to pay unexpected bills or cover a temporary budget shortfall. In Grenville, New Mexico, payday loans are legal, but it is important to understand the rules and regulations surrounding them before applying.

How Do Payday Loans Work in Grenville, New Mexico?

In Grenville, payday loans are regulated by the New Mexico Department of Financial Institutions. To get a payday loan, you need to provide proof of income, a government-issued ID, and a valid checking account. You also need to be at least 18 years old and a resident of New Mexico.

The amount you can borrow depends on your income level and the lender’s policies, but in Grenville, the maximum loan amount is $2,500. The repayment period is typically two weeks, but can be extended up to 35 days, depending on the lender.

When you take out a payday loan, you agree to repay the loan amount plus any associated fees on your next payday. Fees can vary depending on the lender, but in Grenville, they are limited to 15% of the loan amount, with a cap of $50.

What Are the Benefits and Risks of Payday Loans in Grenville, New Mexico?

Benefits:

  • Payday loans are a convenient way to get cash quickly.
  • The application process is simple and easy.
  • You can use the loan for any purpose, such as paying bills or covering unexpected expenses.

Risks:

  • Payday loans have high interest rates and fees, which can make them expensive.
  • If you are unable to repay the loan on time, you may incur additional fees and interest charges.
  • Defaulting on a payday loan can harm your credit score and lead to collection efforts, including lawsuits and wage garnishments.

Interesting Facts About Payday Loans in Grenville, New Mexico

Fact #1: According to a report by the New Mexico Center on Law and Poverty, the average interest rate on a payday loan in New Mexico is 175%, with some lenders charging as much as 600%.

Fact #2: In 2019, the New Mexico State Legislature passed a law capping payday loan interest rates at 36%, making it one of the lowest in the country.

Fact #3: The Consumer Financial Protection Bureau found that 80% of payday loans are rolled over or renewed within two weeks, meaning borrowers are unable to repay them on time.

Apply Now with TheGuaranteedLoans

If you need a payday loan in Grenville, New Mexico, TheGuaranteedLoans can help. We are a connector service that connects borrowers with potential lenders. To apply, simply fill out our online application form and we will match you with the best lender for your needs. Remember, payday loans should only be used as a last resort and within your means to repay them.

At TheGuaranteedLoans, we prioritize responsible lending and ensure that all of our lenders comply with state and federal laws. Your application is secure and confidential, so you can apply with confidence.

Conclusion

While payday loans can be a quick and easy solution to short-term financial needs, they come with high costs and risks. If you are considering taking out a payday loan in Grenville, New Mexico, be sure to understand the rules and regulations surrounding them, and only borrow what you can afford to repay.

At TheGuaranteedLoans, we are committed to providing our readers with accurate and valuable information about payday loans, so they can make informed decisions for their financial future.

F.A.Q.

Can I get a payday loan if I am on social security or disability in New Mexico?

Yes, you can get a payday loan in New Mexico even if you are on social security or disability. However, the lender may require you to provide proof of your income, such as a recent benefit statement, to ensure that you can afford to repay the loan.

Do I need to have a bank account to get a payday loan in New Mexico?

Yes, most payday lenders in New Mexico require borrowers to have a checking or savings account in order to apply for a loan. This is because the lender will typically use automatic withdrawals to collect the loan payments.