Payday Loans in Sedan, New Mexico

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

Company nameAddressZip codePhone number
Security Finance 330 Paseo Del Pueblo Sur UNIT I, Taos, NM 87571 +1 (575) 758 - 7666
First Financial Credit Union - San Mateo 2700 San Mateo Blvd NE, Albuquerque, NM 87110 +1 (505) 766 - 5600
Zia Finance 914 W Ave D, Lovington, NM 88260 +1 (575) 396 - 1480
World Finance Corporation 394 Sudderth Dr, Ruidoso, NM 88345 +1 (575) 257 - 5840
New Mexico Title Loans, Inc. 1590 E Lohman Ave, Las Cruces, NM 88001 +1 (575) 541 - 4070
Cashco Loans 3327 San Mateo Blvd NE, Albuquerque, NM 87110 +1 (505) 216 - 2312
Barri Money Services 1312 Broadway Blvd SE, Albuquerque, NM 87102 +1 (505) 248 - 0910
Sun Loan Company 1227 N Railroad Avenue, Ste A-8, Española, NM 87532 +1 (505) 747 - 1450
Belen Consumer Finance 700 Dalies Ave, Belen, NM 87002 +1 (505) 864 - 1905
Cash Store 510 NM-528 Ste G, Bernalillo, NM 87004 +1 (505) 867 - 6206

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sedan, NM, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Hobbs, NM, Bad Credit Loans in Las Cruces, NM, Guaranteed Loans in Rio Rancho, NM, Payday Loans in Roswell, NM, Guaranteed Loans in Santa Fe, NM, Payday Loan Companies in Alamogordo, NM, Payday Loan Without a Credit Check 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 Sedan, NM.

Useful Articles

Are Payday Loans Legal In Sedan, 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

Sedan, NM payday loan calculator

Advise to read before applying

Payday Loans in Sedan, New Mexico

If you find yourself in a financial bind and need cash quickly, a payday loan may be a viable option to help you get through tough times. Payday loans are short-term loans available to borrowers who need immediate cash and typically get repaid by their next paycheck. These loans are designed to help you cover unexpected expenses or bridge temporary gaps in your finances.

How Do Payday Loans Work?

In Sedan, New Mexico, payday loans are legal, so long as they comply with the state’s laws and regulations governing payday lending. Typically, borrowers can apply for a loan in person at a payday loan store or online. The lender will ask for your personal information, such as your name, address, social security number, and employment information. You will also need to provide your banking information, including your checking account number and routing number.

The amount you can borrow will vary depending on your income, credit score, and other factors. The loan limit in New Mexico is $2,500. You can borrow up to 25% of your gross monthly income or $400, whichever is less. The loan period can vary, but it cannot exceed 35 days. The lender will charge you fees and interest on the loan, which can add up quickly, so it’s important to read and understand the terms and conditions of the loan before you agree to it.

The Pros and Cons of Payday Loans

Payday loans can be a quick and easy way to get cash when you need it, but they come with some risks and drawbacks. Here are some pros and cons to consider:

  • Pros: Payday loans are easy to obtain, even if you have bad credit. You can get approval and access to cash quickly. The loan approval process is straightforward and does not require a lot of paperwork.
  • Cons: Payday loans are expensive, with high-interest rates and fees that can add up quickly. If you can’t repay the loan on time, you may have to pay additional fees, which can make it difficult to get out of debt. Payday loans can also trap you in a cycle of debt, as many borrowers end up borrowing more to pay off their initial loan.

Interesting facts and statistics about Payday loans in Sedan, New Mexico

  • In New Mexico, there are over 600 licensed payday loan locations.
  • The average payday loan in New Mexico is for $408 and has a term of two weeks.
  • Over 80% of payday loans in New Mexico are rolled over or renewed.
  • Only 2% of borrowers pay off their payday loans on time in New Mexico.

Apply Now

If you’re in need of a payday loan in Sedan, New Mexico, TheGuaranteedLoans can help. We are not a lender, but we work with a network of reputable lenders who can help you get the cash you need. Applying for a payday loan online is easy, and you can get approval in just minutes. Fill out our online application today, and we can help you find a lender that meets your needs.

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.

Look for Short-Term Loans in Other Cities:

Alamogordo Albuquerque Clovis Farmington Hobbs Las Cruces Rio Rancho Roswell Santa Fe
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Customer Notice: Cash advance loans should be used for short-term personal requirements primarily, not as long-term budgetary remedies. Clients together with credit score issues ought to look for credit advice. Subject to state regulations, qualification, credit check, underwriting and approval. Rates, terms and conditions apply

Client Guidance: Payday loans are generally designed as a temporary financial bridge that allows individuals to borrow a modest amount of money until their next paycheck arrives. This type of loan is often used as an immediate financial remedy for unforeseen expenses, especially for those lacking a financial cushion or significant savings. If you find yourself struggling to manage your finances and considering a payday loan, it's crucial to consult with a qualified financial advisor. It's also important to familiarize yourself with the specific payday loan laws in your jurisdiction.

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