States Where Payday Loans Are Illegal or Limited

Posted by Al

Cash advance lenders are not allowed to offer payday loans in following states because either the payday advance loans are not allowed or they are very limited by the states:

Vermont, Massachusetts, Connecticut, New Jersey, Maryland, New York, Pennsylvania, North Carolina, Georgia, and West Virginia..

In Maine, payday loans are allowed only with very tight supervision and regulations making it very difficult for many to get online payday loans. Some argue that all these regulations and restrictions has only hurt the state tax revenues and further jeopardized their current economy as it limits availability of cash to those who need it specially those who need bad credit personal loans and those people who need money now.

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