Are Payday Loans legal in my state?

Short-term loans are those which are given for the period less than a year. Payday loans refer to this kind as their repayment term is 14-30 days. They are under special control and regulations of the Government because of rather high APR. So cash advance can be legal, somehow restricted or prohibited in a state. The legal status of Payday , Personal or any other short-term Loans varies according to the state. In the USA:

  • 18 states prohibit them completely, Arkansas, New Hampshire, South Dakota, Arizona, North Carolina cap the rates to a very low amount (36%). The states of Connecticut, Maryland, Massachusetts, Pennsylvania, Vermont, West Virginia and the District of Columbia never authorized short-term cash advance. New York, Georgia, New Jersey prohibit it.
  • 3 states permit lower-cost payday loans. Maine, Oregon and Colorado permit loans at lower rates (about 150% APR).
  • 32 states consider even high-cost loans legal. They are Alabama, Alaska, California, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

Even if Payday Loans are prohibited in your state you still have a lot of options to get the money. 


NEED A LOAN? Apply online for a Payday loan in your state!

How much would you like to borrow?

Advertiser Disclosure

COMPACOM.COM is an independent advertising service that provides information and reviews on various companies to help customers compare them and get the best deal. If the company's page is not marked by "Affiliate Sign" and "Affiliate Disclosure", it means we are not affiliated with this business. We just provide the relevant data to help the company promote its services and let the customers find and get the necessary assistance faster.

COMPACOM.COM is not responsible for any products and services advertised and compared. As you click on any advertising block, you are redirected to the third party's website and it's your responsibility to check all the details of the deal. Neither is COMPACOM.COM liable for other companies' logos, names are trademarks™ or registered® trademarks used on our website. Their use does not signify or suggest endorsement, affiliation, or sponsorship. The main aim of COMPACOM.COM is to provide verified information that is taken from the companies' websites and other public sources and supported by the links to them.

COMPACOM.COM can get some compensation for featured placement of certain sponsored products and services, or your clicking on links posted on this website. But it doesn't impact the way the companies are evaluated. Their rating is based solely on real people's reviews which go through a double verification via phone number and e-mail.

We strive to keep all the information on this site up-to-date and accurate but you should check any rates and terms as well as other product or service information on the provider's website.