Payday Loans in CONNECTICUT (CT)

Connecticut Payday Loan Laws and Legislation

The situation of living from a paycheck to paycheck is very familiar to many people. Sometimes it is really hard to find money if something like car breaks down unexpectedly or one of the family members falls ill and expensive medications are needed quickly. Such cases are numerous, indeed. Good news is that there are options that allow getting the required cash pretty fast and without problems with payday loans. Payday lending companies are widespread throughout the country, however, in some states their operation is not allowed. Some states prohibit them and so does Connecticut. The operation of such companies is illegal here.

In the state of Connecticut a person can get a small loan from a bank only legally. There are certain regulations about small loans in the state law: APR should equate 30.03% or $17 per $100-$600 loan amount borrowed. If it is $100-$1,800, then annual percentage rate is reduced to $11. Add-on interest is also taken into consideration.

According to the state law it is required that any individual lender or a company must have a license in order to deposit check into someone's account. It is also presupposed that a person cashing a post-dated check should pay a certain fee. In order to get a license for a lending business a company should provide all the information and pay $250 application fee. Moreover, an individual lender or a company should have an amount of $10,000 for every branch of the company they plan to open. The state commissioner after a background check decides whether to give permission or not.

However, the existing lenders should comply with the limits on fees set by the state laws. Short-term loans can be given to borrowers but under very strict conditions to the lenders. So, a maximum finance fee for a $50 loan cannot exceed $5. If a loan is larger than $50 the handling fee is 10 cents or 10%. It is also required that the lenders put the list of the fees and all the company information in the most visible place in order for a customer to see it well.

This is a highly unprofitable business for lending companies in the state of Connecticut due to such laws and as long as lending on different terms is illegal there are no payday lending companies here as such.

Such laws are directed to protect the residents of the state of Connecticut form dishonest actions of the lenders and to prevent usury. With all these severe limitations payday lenders find it difficult to work in the state.

Payday loans however is a very good way of solving problems with cash when it is needed most. Perhaps, there are no friends to help at the moment and no savings to rely on; there are always payday lending companies that can offer their services on very reasonable terms. You do not need to go to another state to use the service as long as payday lending companies operate online and all the procedures are hassle free and very quick.

Payday loan processing is in general very simple. A borrower should meet certain requirements, pretty few ones and that is basically all. There are no credit checks and no need in collateral or any cosigners. You just have to be permanently employed, of age and the U.S. resident. All you have to do is to fill in the application and wait for the approval which is generally very prompt. Then you can use the money as you want. Even if Connecticut has got no payday lending companies, we will be able to help you.

Connecticut

Payday Loans Offered: No

State Regulator Information:

Connecticut Department of Banking
260 Constitution Plaza
Hartford, CT 06013
Phone: (860) 240-8299
Web: http://www.ct.gov/dob/site/default.asp

Find Fast Payday Loan lender by cities in Connecticut USA:

•  Abington
•  Amston
•  Andover
•  Ansonia
•  Ashford
•  Avon
•  Ballouville
•  Baltic
•  Bantam
•  Barkhamsted
•  Beacon Falls
•  Berlin
•  Bethany
•  Bethel
•  Bethlehem
•  Bloomfield
•  Bolton
•  Botsford
•  Bozrah
•  Branford
•  Bridgeport
•  Bridgewater
•  Bristol
•  Broad Brook
•  Brookfield
•  Brooklyn
•  Burlington
•  Canaan
•  Canterbury
•  Canton
•  Canton Center
•  Centerbrook
•  Central Village
•  Chaplin
•  Cheshire
•  Chester
•  Clinton
•  Cobalt
•  Colchester
•  Colebrook
•  Collinsville
•  Columbia
•  Cornwall
•  Cornwall Bridge
•  Cos Cob
•  Coventry
•  Cromwell
•  Danbury
•  Danielson
•  Darien
•  Dayville
•  Deep River
•  Derby
•  Durham
•  East Berlin
•  East Canaan
•  East Glastonbury
•  East Granby
•  East Haddam
•  East Hampton
•  East Hartford
•  East Hartland
•  East Haven
•  East Killingly
•  East Lyme
•  East Windsor
•  East Windsor Hill
•  East Woodstock
•  Eastford
•  Easton
•  Ellington
•  Enfield
•  Essex
•  Fabyan
•  Fairfield
•  Falls Village
•  Farmington
•  Gales Ferry
•  Gaylordsville
•  Georgetown
•  Gilman
•  Glastonbury
•  Goshen
•  Granby
•  Greens Farms
•  Greenwich
•  Grosvenor Dale
•  Groton
•  Guilford
•  Haddam
•  Hadlyme
•  Hamden
•  Hampton
•  Hanover
•  Hartford
•  Harwinton
•  Hawleyville
•  Hebron
•  Higganum
•  Ivoryton
•  Jewett City
•  Kent
•  Killingworth
•  Lakeside
•  Lakeville
•  Lebanon
•  Ledyard
•  Litchfield
•  Madison
•  Manchester
•  Mansfield Center
•  Mansfield Depot
•  Marion
•  Marlborough
•  Mashantucket
•  Meriden
•  Middle Haddam
•  Middlebury
•  Middlefield
•  Middletown
•  Milford
•  Milldale
•  Monroe
•  Montville
•  Moodus
•  Moosup
•  Morris
•  Mystic
•  Naugatuck
•  New Britain
•  New Canaan
•  New Fairfield
•  New Hartford
•  New Haven
•  New London
•  New Milford
•  New Preston Marble Dale
•  Newington
•  Newtown
•  Niantic
•  Norfolk
•  North Branford
•  North Canton
•  North Franklin
•  North Granby
•  North Grosvenordale
•  North Haven
•  North Stonington
•  North Westchester
•  North Windham
•  Northfield
•  Northford
•  Norwalk
•  Norwich
•  Oakdale
•  Oakville
•  Old Greenwich
•  Old Lyme
•  Old Mystic
•  Old Saybrook
•  Oneco
•  Orange
•  Oxford
•  Pawcatuck
•  Pequabuck
•  Pine Meadow
•  Plainfield
•  Plainville
•  Plantsville
•  Plymouth
•  Pomfret
•  Pomfret Center
•  Poquonock
•  Portland
•  Preston
•  Prospect
•  Putnam
•  Quaker Hill
•  Quinebaug
•  Redding
•  Redding Center
•  Redding Ridge
•  Ridgefield
•  Riverside
•  Riverton
•  Rockfall
•  Rocky Hill
•  Rogers
•  Roxbury
•  Salem
•  Salisbury
•  Sandy Hook
•  Scotland
•  Seymour
•  Sharon
•  Shelton
•  Sherman
•  Simsbury
•  Somers
•  Somersville
•  South Britain
•  South Glastonbury
•  South Kent
•  South Lyme
•  South Willington
•  South Windham
•  South Windsor
•  South Woodstock
•  Southbury
•  Southington
•  Southport
•  Stafford
•  Stafford Springs
•  Staffordville
•  Stamford
•  Sterling
•  Stevenson
•  Stonington
•  Storrs Mansfield
•  Stratford
•  Suffield
•  Taconic
•  Taftville
•  Tariffville
•  Terryville
•  Thomaston
•  Thompson
•  Tolland
•  Torrington
•  Trumbull
•  Uncasville
•  Unionville
•  Vernon Rockville
•  Versailles
•  Voluntown
•  Wallingford
•  Washington
•  Washington Depot
•  Waterbury
•  Waterford
•  Watertown
•  Wauregan
•  Weatogue
•  West Cornwall
•  West Granby
•  West Hartford
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•  West Haven
•  West Mystic
•  West Simsbury
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•  Westbrook
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•  Wethersfield
•  Willimantic
•  Willington
•  Wilton
•  Winchester Center
•  Windham
•  Windsor
•  Windsor Locks
•  Winsted
•  Wolcott
•  Woodbridge
•  Woodbury
•  Woodstock
•  Woodstock Valley
•  Yantic


Disclamer: 4paydayloan.com is not a lender and does not broker loans. This website collects information which you provide and then forwards it to one more or lenders in our network. Individual lenders make the loan approval decision and determine the terms and conditions of each loan agreement.

4paydayloan.com may share the information which you provide at any step of the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship.Payday lenders may perform routine credit checks and will normally verify all of the information which you supply on the application.

Submission of personal information is strictly voluntary and does not guarantee that you will be matched with a payday lender or will receive a payday loan. Not everyone will qualify for a payday loan.Not all lenders are able to provide the maximum amount of 1000$ in cash funds.

Cash transfer times vary among the different lenders and not all offer one hour transfer service.Payday loans are not available in all 50 states and the list of participating states may change at any time and without notice.



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