Payday Loans in Mesilla, New Mexico

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

Company nameAddressZip codePhone number
Sun Loan Company 607 S White Sands Blvd Ste A, Alamogordo, NM 88310 +1 (575) 434 - 8354
Walmart Money Center 1800 US-70, Ruidoso Downs, NM 88346
Barri Agent 150 Yakima Rd, Dexter, NM 88230
World Finance Corporation 1012 W 2nd St, Portales, NM 88130 +1 (575) 356 - 4240
loanDepot LLC Mortgage David Rosenthal Albuquerque Rio Rancho New Mexico 8220 San Pedro Dr NE 420, Albuquerque, NM 87113 +1 (505) 377 - 5254
Security Finance Corporation 700 Roosevelt Ave #14, Grants, NM 87020 +1 (505) 287 - 4000
TitleMax Title Loans 1514 N Prince St, Clovis, NM 88101 +1 (575) 763 - 9390
check n go, Check n Go Store Directory 110 98th St NW B, Albuquerque, NM 87121 +1 (505) 839 - 5119
Title Cash 1414 Bridge Blvd SW, Albuquerque, NM 87105 +1 (505) 243 - 6161
Midtown Credit 2404 S Locust St # 12, Las Cruces, NM 88001 +1 (575) 522 - 5102

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Mesilla, NM

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

88046

Are Payday Loans Legal In Mesilla, 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

Mesilla, NM payday loan calculator

Understanding Payday Loans in Mesilla, New Mexico

Are you struggling with unexpected expenses and need cash fast? One option that you might consider is a payday loan. Payday loans are an accessible option for those in need, and they can be easily obtained in Mesilla, New Mexico, as they are legal in this state. However, before applying for a payday loan, it’s important to understand what they are, how they work, and the potential risks involved.

What is a Payday Loan?

A payday loan is a short-term loan that typically must be repaid on the borrower’s next payday. These loans are designed to provide immediate financial relief for those who need cash fast. Payday loans are generally small, ranging from $100 to $1,000, and they come with high interest rates and fees.

Applying for a Payday Loan

Applying for a payday loan in Mesilla, New Mexico, is a straightforward process. The requirements are minimal, and the application can be completed online or in-person.

  • To qualify for a payday loan, you must be at least 18 years old and have a steady income source, such as a job or disability payments.
  • You will need to provide personal information, such as your Social Security Number, proof of income, and a valid checking account.

The Risks of Payday Loans

While payday loans can be helpful in providing emergency funds quickly, they come with significant risks. The high-interest rates and fees associated with payday loans mean that borrowers may fall into a cycle of debt and may end up owing more than they originally borrowed.

It’s important to carefully consider the terms and conditions of a payday loan and only borrow what you need and can realistically pay back on your next payday. If you’re unable to repay the loan on time, you may face additional fees and charges, and the lender may report your debt to a credit bureau, which can negatively impact your credit score.

Interesting Facts and Statistics About Payday Loans in Mesilla, New Mexico

  • In 2019, New Mexico passed a new law capping interest rates on payday loans at 175% APR.
  • In Mesilla, the maximum amount that you can borrow with a payday loan is $2500.
  • According to a study by the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 loans per year and spends nearly 200 days in debt each year.
  • In New Mexico, payday lenders are required to be licensed and regulated by the New Mexico Financial Institutions Division.

Apply Now

If you’re in need of fast cash in Mesilla, New Mexico, and are considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders. We are not a direct lender, but a connector service that works to match borrowers with lenders that may be willing to provide a loan that meets their needs. Our online application process is easy to use, and you can receive a loan decision in minutes.

Remember to carefully review the terms and conditions of any loan before accepting it, and only borrow what you need and can realistically pay back. If you have any questions or concerns about the loan process, don’t hesitate to contact us for assistance.

F.A.Q.

Can payday lenders in New Mexico collect on unpaid loans by garnishing wages or levying bank accounts?

Yes, payday lenders in New Mexico can collect on unpaid loans by garnishing wages or levying bank accounts, but only if the borrower has given written consent.

Are there any consumer protection laws in New Mexico that apply to payday loans?

Yes, payday lenders in New Mexico are subject to several consumer protection laws, including the New Mexico Small Loan Act and the New Mexico Unfair Practices Act. These laws provide protections for borrowers, such as limitations on fees and interest rates, and requirements for clear disclosure of loan terms.