Payday Loans in Mesquite, New Mexico

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

Company nameAddressZip codePhone number
New Mexico Credit 880 Anthony Dr Suite 8A, Anthony, NM 88021 +1 (936) 254 - 1900
Washington Federal Bank 71 Air Commando Way, Cannon AFB, NM 88103 +1 (575) 784 - 3351
Payment 1 Financial 3410 NM-528 107, Albuquerque, NM 87114 +1 (505) 897 - 4755
Western Finance 1910 Main St SW Ste C, Los Lunas, NM 87031 +1 (505) 865 - 4535
Bank of America with Drive-thru ATM 101 Paseo De Peralta, Santa Fe, NM 87501 +1 (505) 955 - 9500
Walmart Money Center 1 I-25 Bypass, Belen, NM 87002
TBK Bank 824 W Santa Fe Ave, Grants, NM 87020 +1 (505) 285 - 6611
Western Finance 1010 S Main St Ste 3, Roswell, NM 88203 +1 (575) 623 - 3394
Four Corners Federal CU 16 Rd 6500, Kirtland, NM 87417 +1 (505) 598 - 6623
Walmart Money Center 1604 E Spruce St, Portales, NM 88130

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Mesquite, NM

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

88048

Are Payday Loans Legal In Mesquite, 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

Mesquite, NM payday loan calculator

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

If you are looking for a quick solution to your financial difficulties in Mesquite, New Mexico, payday loans might be just what you need. These short-term loans can help you cover unexpected expenses and bridge the gap between paydays. But before you apply, it’s important to understand how payday loans work in Mesquite. In this guide, we’ll provide you with all the information you need to make an informed decision.

How Do Payday Loans Work in Mesquite?

Payday loans are legal in New Mexico, but there are certain regulations in place to protect consumers. In Mesquite, payday lenders are required to be licensed and must abide by certain rules. Here’s how payday loans work in Mesquite:

Loan Terms and Fees

In New Mexico, payday loans are limited to $2,500 or 25 percent of the borrower’s gross monthly income, whichever is less. The loan term cannot exceed 35 days, and lenders can charge up to 15 percent of the principal as a interest. Additionally, lenders cannot charge more than $15.50 per $100 borrowed for the first $500 and 10 percent for amounts above $500.

Application Process

To apply for a payday loan in Mesquite, you’ll need to provide the lender with your contact information, employment details, and bank account information. You must be at least 18 years old and have a steady source of income.

Approval and Funding

If you meet the lender’s requirements, you will receive an approval decision quickly. Once approved, the funds will be deposited into your bank account within one business day.

Repayment Process

When you take out a payday loan in Mesquite, you will typically be required to repay the loan and fees in full on your next payday. If you are unable to repay the loan, you may be able to rollover the loan for an additional fee.

The Pros and Cons of Payday Loans in Mesquite

Before taking out a payday loan in Mesquite, it’s important to consider both the benefits and drawbacks. Here are some pros and cons of payday loans to keep in mind:

Pros

– Quick approval and funding
– No credit check required
– Access to cash when you need it most
– Can help you avoid late fees and other penalties

Cons

– High fees and interest rates
– Short repayment terms
– May lead to a cycle of debt
– May not solve underlying financial problems

Interesting Facts About Payday Loans in Mesquite, New Mexico

– According to the New Mexico Financial Institutions Division, there were 334 licensed payday lenders in the state in 2019.
– In New Mexico, the average payday loan amount is $308, and the average borrower takes out four loans per year.
– The highest percentage of payday loan borrowers in New Mexico are between the ages of 25 and 34.

Apply Now for a Payday Loan in Mesquite, New Mexico

If you need a payday loan in Mesquite, New Mexico, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application form and we’ll match you with lenders who meet your borrowing needs. Remember, TheGuaranteedLoans is not a direct lender, but a connector service. We’ll work to help you find the right lender for your needs. Apply now and get the cash you need to cover your expenses.

F.A.Q.

Can borrowers in New Mexico be charged extra fees for paying off their payday loans early?

No, payday lenders in New Mexico are prohibited from charging borrowers extra fees for paying off their loans early.

Are payday lenders in New Mexico required to provide borrowers with information about their rights and responsibilities before entering into a loan agreement?

Yes, payday lenders in New Mexico are required to provide borrowers with information about their rights and responsibilities before entering into a loan agreement. This information must be provided in writing and must include details about the loan terms, fees, and interest rates.