Are Payday Loans Legal?

In the U.S., payday loans are regulated and completely legal in 37 states.  However, these short term loans are also illegal in 13 states.  Whether payday loans are legal or illegal will depend upon the laws of the given state as these laws are regulated on a state-by-state basis.

At this time, payday loans are legal in:  Arizona, Arkansas, Colorado, Connecticut, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Vermont and West Virginia. 

In the states where payday loans are legal and regulated, the interest rates are generally capped at a specific Annual Percentage Rate (APR).  Caps are put in place to prevent predatory lending practices and to protect consumers from financial hardships.

Are you in need of emergency cash?  Do you want to make a last minute purchase or pay off a bill as soon as possible?  If so, a payday loan may be the ideal solution for you.  Apply online now and get approved within minutes!