Payday Loans in PA up to $1K

1. https://www.dobs.pa.gov/Pages/default.aspx

2. https://www.dobs.pa.gov/Documents/Statutes/Consumer%20Discount%20Company%20Act.pdf 

3. Pennsylvania Department of Banking and Securities - http://www.dobs.pa.gov

4. http://paydayloanlegislation.com/pennsylvania.html

5. http://www.ustatesloans.org/state-pa.html

All you need to know about Payday Loans in Pennsylvania.

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;

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. 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!

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 Pennsylvania. 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 Pennsylvania 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 Pennsylvania borrowers with a bad credit.

Read more: Bad Credit Installment Loans.

Read more: Bad Credit Personal Loans.

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.

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 Pennsylvania 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 Pennsylvania 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 Pennsylvania 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.

Read more: Payday Loans from Direct Lenders.