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Find Payday Loan Companies in Pennsylvania

Governing law in state:
Pennsylvania joins 14 other states that do not authorize cash advance lending, considering them to be illegal. The Check Cashing Licensing Act of 1998 specifically prohibits payday loan creditors from issuing check cash advance loans. Otherwise, it is the Consumer Discount Company Act which is applicable. No new laws are currently pending.

Maximum loan amount:
This is not specified by Pennsylvania law.

Loan terms:
Pennsylvania law does not set forth any loan terms.

Extensions:
The number of extensions that a borrower may request is not specified by Pennsylvania law.

Fees and charges:
A small loan annual interest rate cap of 24% applies to loans issued in Pennsylvania.

Fee schedules and APR:
Pennsylvania statutes do not specify fee schedules and APR.

Payday Companies

Find Payday Lenders Near Pennsylvania

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Pennsylvania Loan Statistics
2012 2011 2010
Average Loan606579560
Average Age373738
Pay Schedule
  Weekly15%13%12%
  Bi-Weekly62%65%62%
  Monthly15%14%17%
  Twice Per Month7%8%9%
Home Owner26%26%27%
Renter74%74%73%
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