Pennsylvania (PA) Payday loans online, Cash Advances, Installment Loans, and Personal Finance Solutions

Pennsylvania payday loans and cash advances are now available to residents across the state online. As the 33rd largest state and the 9th most densely populated across the U.S., there is a huge need for everyday folks to get access to short term lending when the need arises. Personal loans and installment options with fixed monthly payments are also available. Most traditional banking/lending resources are picky on their guidelines and have mounds of paperwork. Now residents of the Keystone state can hop online and have a decision in seconds. Amounts range from $100-$5k and deposits are a breeze with direct deposit into your personal checking or savings account. Helping to provide equal access to short term lending for over a decade online, our partner platform has grown to over 100+ nationwide partner lenders who process and approve applications daily. With a decision in seconds, you can have your money as soon as the next business day. Our site is secure using the latest https:// SSL protocol to ensure your sensitive personal data remains secure and confidential throughout the transaction.

Pennsylvania is one of the 13 original founding states of the United States. Philadelphia is home to six Fortune 500 companies and is a leader in the financial and insurance industry. Pittsburgh is home to eight Fortune 500 companies, including U.S. Steel, PPG Industries, and H.J. Heinz.  Independence Hall, where the United States Declaration of Independence and United States Constitution were drafted, is located in the state’s largest city of Philadelphia. During the American Civil War, the Battle of Gettysburg was fought in the south central region of the state. Reference Wikipedia

• Hershey is considered the Chocolate Capital of the United States.
• The first all-motion-picture theater in the world was opened on Smithfield Street in Pittsburgh on June 19, 1905. The Warner brothers began their careers in western Pennsylvania.
• The first daily newspaper was published in Philadelphia on Sept. 21, 1784.
• In 1909 the first baseball stadium was built in Pittsburgh.
• In 1913 the first automobile service station opened in Pittsburgh.
• In 1946 Philadelphia became home to the first computer.
• The nation’s first circulating library, the Library Company of Philadelphia, was founded in 1731 by Benjamin Franklin and others.
• The first U.S. Zoo was built in Philadelphia in 1876.

In 2018, the state’s gross domestic product was $793 billion. Job growth was 1.2% percent during the same year, and the median annual household income was almost $59,000. The state’s unemployment rate was 4.3 percent, which was a decrease from 4.8 percent the previous year.

Pennsylvania has been known historically as a major supplier of steel. Although industrial leadership has diminished during the past century, many of the state’s workers are in production and manufacturing jobs. The services sector now leads for employment and job growth. With a poverty rate of 12.5% percent, many people still lack money for emergencies. They often look for small loans when they need money.

Pennsylvania Payday Loans and Cash Advances

Pennsylvania payday loans may not be allowed through traditional methods. In 1998, the state passed a law that prohibited storefront lenders from offering money in return for post-dated checks. This law ended the business of check cashing, and although the payday loan companies were not technically check cashing businesses, the specifics of the law affected the way they collected money. This was because Pennsylvania cash advances involved lenders offering money for the future paychecks of their customers.

Payday loans are popular with people who have bad credit and with people who want loans without a credit check. Although consumers cannot find Pennsylvania cash advances through a store front, they can still obtain small loans similar to payday lending through online methods. However, lenders must adhere to the Consumer Discount Company Act’s rules regarding interest rates. With short-term small loans, the maximum interest rate is six (6) percent. Lenders with a special license can charge up to 24% percent.

Pennsylvania Installment Loans and Personal Loans

If people have fair, average, or good credit, and enough time to navigate the traditional lending process, they may look for Pennsylvania installment loans. Traditional loans are regulated by the Department of Banking and Securities. For interest, lenders are allowed to charge $9.50 per $100 with Pennsylvania personal loans. This rule applies to short-term loans that have repayment terms of up to 48 months. The state does not define a minimum term. These types of shorter term loans are also available to folks with poor credit.

The maximum amount for a short-term loan is $25,000. There are no allowances for loan term extensions or renewals. Lenders can also issue service charges for Pennsylvania personal loans. They can charge $1.50 for every $50 increment. This means that a loan of $500 would come with a service charge of $15. Since installment loans come with larger amounts and longer repayment terms, they are better for residents who need more than $1,000. These loan products are also better to plan for. They have fixed payment amounts and a set end date.

Our nationwide network provides lending products of all types to get you the funding you need today. Start by requesting your amount through our secure form today.

References:

“Pennsylvania,” Forbes, 1 November 2018, https://www.forbes.com/places/pa/. Accessed on 20 January 2019.

“Compare Your Loan Options in Pennsylvania,” Finder, 27 October 2018, https://www.finder.com/payday-loans/pennsylvania. Accessed on 20 January 2019.

“Chapter 41,” Pennsylvania Code, 1 January 2019, https://www.pacode.com/secure/data/010/chapter41/chap41toc.html. Accessed on 20 January 2019.

Real Per Capita Income in Pennsylvania

Statute for Pennsylvania payday loans and cash advances. Personal loans and installment options qualify for larger amounts through our secure form. State laws and statutes can change at anytime and the information above or below may become slightly out-of-date as we update frequently.

(Source: U.S. Census Bureau, Census 2010 Population)

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