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PAYDAY LOAN Application Form

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Connecticut Payday Loans up to $1K

Connecticut Payday Loans up to $1K

In case of any financial problems fill out our application form to get an instant cash advance in Connecticut.

Anyone can face an emergency situation when they need cash fast and without questions. And in such cases, most people decide to apply for bad credit unsecured Payday Loans. Unfortunately, a short-term cash advance is restricted in Connecticut. But there're other financing alternatives for extra cash.

 

Apply for Payday Loans in Connecticut from the Best Direct Lenders Online or find a Loan Store near your location.
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Are Payday Loans Legal in Connecticut?

Loan Rates and Fees, Laws and Regulations in Connecticut.

Payday Loans are prohibited in Connecticut by Conn. Gen. Stat. §§ 36a-563 et seq1. The APR mustn’t exceed 30,03% or $17 for each $100 if the total amount is not higher than $600, $11 per $100 up to $1,800, etc. But we can offer you other kinds of cash advance legally. Those are Installment loans up to $5000 and Personal loans up to $35,000.

Law status restricted
MIN Loan Amount None
MAX Loan Amount n/a
MIN. Loan Term Not stated
MAX. Loan Term Not stated
MAX APR 30.03%
Additional fees $17 interest
NSF fee None
Collateral or guarantor None, unsecured
Number of simultaneous loans Not limited
Cooling off period None
Rollover None
Extension, repayment plan None
Default penalties Not stated
Credit score requirements Available for Bad Credit

PayDay Loan Calculator

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Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
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The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
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It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Before you apply for a short-term cash advance online consider other Payday Loan alternatives:

  • Installment Loans and Personal Loans online
  • Debt Consolidation Loans, Credit Builder Loans, Credit Cards
  • Social services and local assistance programs
  • Additional part-time jobs or some side gigs and freelance opportunities to earn extra cash
  • Recycling for money
  • Help from your employer, creditors, family and friends
  • Traditional banks or credit unions.

Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default on the loan. Avoid rollovers, renewals, or extensions. It'll help you get out of Payday debt fast and easy.

Connecticut Payday Loans Online 

In Connecticut, even online short-term lending is prohibited for licensed lenders. An Online Payday Loan is meant to be a short-term small-dollar cash advance and paid back at your next paycheck. Applying for an Online Payday Loan is free and doesn't affect your credit history.  It's specially designed to help people when they are in a financial emergency. Usually, online short-term cash advance is offered in the amounts of $100 to $1000 depending on the lender and your income, credit score, other eligibility criteria.

An online Payday Loan can be used for whatever your needs may be. We guarantee instant decision from direct lenders and high approval chances even iа you have a bad credit score. When you are approved for an online short-term loan you will get the money deposited into your bank account within 24 hours.

Online lending is becoming more and more popular as it has plenty of advantages:

  • it gives you a chance to compare a lot of different offers at once,
  • you can avoid driving, doing paperwork and waiting in lines,
  • applying is free and simple, 
  • you have very high chances of approval even with a bad credit score,
  • you can find some lenders ready to give you the loan with no credit check,
  • it's available 24 / 7.

Requirements to qualify for a Payday Loan in Connecticut:

What do I need to qualify for a short-term cash advance?

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • Connecticut (US) residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

Payday Loan definition.

All you need to know about Payday Loans.

Payday loans, or as they are also called “small dollar”, “bad credit”, “same day”, “short term”, “cash advance” are a kind of easy quick unsecured $100 - $1000 cash advance paid off with your next paycheck in 14 – 30 days. As soon as you are approved you are likely to get the money in your account in 24 hours or even the same day. Bad credit is not a problem to receive the necessary funds. Most direct lender Payday Loans are granted to any borrower with a steady income.

So, the main characteristics of Payday Loans are:

  • $100 - $1000 average loan amount;
  • 14-30 days repayment term;
  • money in your account in 24 hours or even the same day;
  • available even for bad credit;
Interesting to know!

More than 12 mln Americans use cash advance every year.

It’s legal in 36 states (with some restrictions in 9 of them) and prohibited in the other 14 and the District of Columbia.

You can take a Payday loan in storefronts, online and even in a few banks in . It’s very simple to apply for it:

  1. just fill out a form with the state and e-mail address,
  2. if you are over 18, have a permanent job, income and a valid bank account, you have 98% chance to get instant approval from a direct lender;
  3. receive the money in your bank account less than 24 hours.

Payday loans are very attractive for the majority of borrowers because you don’t need any guarantor or collateral, and you can get it even with a bad or poor FICO score.

On the other hand, they are notorious for charging too high APR and leading to a continuous debt trap, but it’s a common myth. To debunk it we provide you with the cost of $100 Payday Loan at 400% APR for 14 days which is only $1 a day. You can calculate the cost of your loan free using our Payday Loan Calculator. Try Payday cash advance and make sure that it’s really as easy as ABC: Affordable, Beneficial, Convenient!

How do Payday Loans Work in Connecticut comparing to Installment Loans and Personal Loans?

Payday loans in Connecticut are small dollar ($100 - $1,000) short term (14-30 days, in some cases up to 3 month) cash advance which is characterized by its easiness, speed, availability, even for those with bad credit, or without a credit history.

Payday lending is strongly regulated. Some states restrict or prohibit short-term loans for high costs.

Installment loans in Connecticut are $1,000 - $5,000 credit borrowed for 6 – 36 months and paid back in equal repayments, usually unsecured and available for those with bad credit score.

Personal loans in Connecticut are $5,000 - $35,000 credit granted for personal use, usually unsecured, backed up only by your ability to pay it back, for 6 – 60 months and repaid in equal installments.

The process of getting a Payday Loan in Connecticut is quick and easy both online and in-store:

  1. Fill out a simple application form stating the amount you need, your name and e-mail address;
  2. Get instant decision and approval from one of the best direct lenders;
  3. Read the agreement and if you are satisfied with its terms and conditions sign it;
  4. Get the necessary funds in your account within 1-2 days if you apply online or same day if you go in a store.

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Connecticut Payday Loans vs Installment Loans vs Personal loans.

The key differences between Payday, Installment and Personal loans lie in their amount, repayment terms and rates. It can be seen more vividly in the form of the table:

 

Payday loans

Installment loans

Personal loans

Amount

100$ - 1,000$

1,000$ - 5,000$

5,000$ - 35,000$

Term

14 - 60 days

60 days - 36 months

Up to 60 months

Repayment

With the next paycheck

In scheduled installments every fortnight, month, 2 months.

Monthly, or in parts as it’s set in the agreement.

Interest rates, APR

APR – 300%-750%, plus 10-15% of 100$ borrowed

5.99% to 225% APR plus 5% fee

3.99% APR plus 450% origination fee

Collateral or guarantor

No

No

No

The APR is the loan interest rate and is based upon the amount, cost and term of the loan, repayment amounts and timing of payments. Lenders are legally required to show the APR and other terms of your loan before customer executes a loan agreement. APR rates are subject to change.

Taking into account the enumerated peculiarities this or that cash advance is preferred by certain borrowers for their special needs.

Payday cash advances are mostly applied for by people with bad credit, with a low income, who need a little cash for a short period. While Installment and Personal loans better suit the borrowers with good or bad credit, who want to take out higher amounts of money and need more time to pay it back, and don’t want to do a lot of paperwork looking for a collateral or guarantor.

Benefits of different types of loans:

Payday loans
  • Easy, quick way to get extra cash
  • Short repayment term, possibility to pay it back with the next paycheck
  • Suitable and convenient for emergency expenses
Installment loans
  • Higher amount than a payday loan
  • Smaller interest rates
  • Easier to pay off in installments over a longer period of time
Personal loans
  • Rather high amount of money
  • Available without guarantor or collateral (in contrast to mortgages, auto loans, etc.)
  • Easier to pay back having a precise scheduled plan.

As we can deduce, there are credit types, with their advantages and disadvantages, to suit needs and wishes of any American. The only thing you must do – get information and compare the offers. That’s exactly what our service helps you with. COMPACOM – compare all and choose the best one!

Payday Loans for bad credit in Connecticut

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan in Connecticut. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit Payday loan, there are important features to take into account:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility criteria
  • Employment requirements
  • Interest rates and fees
  • Loan terms
  • Additional fees and penalties
  • Repayment options

Types of loans available for bad credit applicants in Connecticut are Payday Loans, Personal Loans and Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. Thus you are most likely to get up to $1000 Payday cash advance. Though its APR may exceed 400% it shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

You’ll get up to $1000 cash deposited into your account within 24 hours. Just fill out a simple application form online and get instant approval if you meet the lenders’ basic requirements which typically are:

  • Minimum FICO score of at least 600;
  • Clean credit history; no judgements, liens and bankruptcies on your credit report; and a history of making on-time payments;
  • Stable employment;
  • Proof of identification with a passport, driver’s license or voter’s ID. You’ll also need to provide proof of residence such as a utility bill.

Installment and personal loans are also available for Connecticut borrowers with a bad credit.

Keep in mind that your score can influence the amount you want to take and the interest rate the lender will offer you. The maximum sum for an installment cash advance is $5000, and for a personal loan - $35000. In any case you need no collateral, no guarantor, no paperwork. No matter whether your credit score is 400, 550, or 600, get the chance to learn more about all the opportunities you have and compare the best lending services you are offered on COMPACOM.com.

Connecticut Payday Loans Online No Credit Check

Any Connecticut borrower, especially the one with bad credit, wants to avoid Credit Check. A no credit check Payday loan is a type of loan in which a lender evaluates your creditworthiness without using a credit report, i.e. without doing an inquiry to any of the three major credit bureaus: Equifax, Experian and TransUnion. No formal review of your credit report allows to avoid affecting the credit history and score.

There do exist direct lenders in Connecticut ready to provide you with a Payday Loan without doing a hard inquiry. They compensate their risk by higher APR or other fees. If you fill out our compacom form online we’ll send it to more than 300 direct lenders and help you find the one with NO credit check option.

But usually credit check is necessary and useful both for the company and for the borrower. Thus the lender can decide whether to approve you or not and you can ensure that you are able to repay the loan.

Payday Loans from Direct Lenders in Connecticut

A direct lender is any financial institution that can offer you any type of loan directly managing all the lending process themselves without middlemen. Borrowing from a direct lender in Connecticut has its own advantages and disadvantages:

Pros
  • Faster loan processing and approval; 
  • It’s easier to solve any issues that might come up; 
  • Your personal information won’t be shared or passed to third parties.
Cons
  • If you need to compare several companies you have to go to each site and fill out an application which takes a lot of time and may turn out not very effective; 
  • Applying with a broker or matching service gives you more flexibility and freedom to choose the most suitable loan; 
  • With a direct lender it’s harder to get approval for a loan if you have bad credit while a matching service will be able to find you the necessary funds even with the credit score below 600.

When you apply for a Payday Loan from a direct lender in Connecticut you:

  1. Go to the lender’s website and read all the information on the necessary loan;
  2. Check the eligibility criteria;
  3. If you suit the criteria and are satisfied with the terms and fees you fill out an application form;
  4. You wait until the lender approves you;
  5. If you are approved, you get the money deposited into your account within 24 hours.

It’s an ideal scenario of borrowing money which happens quite rarely. Usually you need to spend hours surfing the net and choosing a suitable offer. We can make this process quicker and simpler.

We provide you with a network of Connecticut direct lenders with detailed description of each of them. You just fill out our free compacom form and get immediately matched with the best lenders. It doesn’t make your loan more expensive. Just on the contrary, you can find the cheapest rates and fees offered by direct lenders. Besides, we ensure that all of our partners are licensed companies who work legally and keep your personal information and financial data secure.

Guaranteed Payday Loans from direct lenders in Connecticut

Many Connecticut lenders promise you a guaranteed instant approval for a Payday Loan. But be careful, take into account all the risks concerning short-term cash advance. You should understand that not all the borrowers can be approved. Though Connecticut Payday Loans are really highly available, even for bad credit and with NO credit check sometimes, lenders can’t guarantee 100% approval. If you have no job, very low income, or many debts in the past, your chances to get the money are very low.

The truth is you do get an instant decision from a lender. Especially if you fill out our online application form you save plenty of time and energy and make lending procedure much faster and easier. It takes only several minutes to match you with the necessary lender and get his reply. That’s why Payday Loans are rightly considered the fastest and the easiest.

Same Day Payday Loans in Connecticut

Payday loans are known to be short-term small-dollar cash advance, starting minimum with $100 and up to $1,000. Applying is easy and quick especially if you apply for a Payday Loan online. The funds can be deposited into your bank account the next business day if you borrow from online direct lenders. If you drive to a store near you in it’s possible to get a Payday Loan with the same day deposit.

Read more:

FAQ

 
Can I get a Payday Loan in Connecticut with bad credit?
 
Are there any alternatives to Payday Loans in Connecticut?
 
How long does it take to get a Payday Loan in Connecticut?

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