New Jersey Payday loans

Are New Jersey payday loans legal?

No according to the law, New Jersey payday loans are illegal and as such New Jersey payday loan companies have rules they must follow.   In the case of New Jersey payday loan companies, there is an interest cap of 30% per year for small loans.

Alternatives to New Jersey payday loans

Here is a list of companies that offer New Jersey payday loans or alternatives. Please do your research as each offer has their own advantages and disadvantages.

Other options to consider instead of New Jersey payday loans

New Jersey payday loan costs

Regardless of the type of credit you are given by a New Jersey lending institution, you always have to pay the money back plus all fees and interest you signed up for. The interest you pay comes down to your credit history, the type of credit line you want, your employment history and your relationship with the institution itself. There are usually many types of fees such as application, disbursement, late payment and settlement fees.   We recommend you read the fineprint before you consider a New Jersey payday loan or similar. Remember that depending on the loan type there will be a non-sufficient funds fee, that is, if your check bounces you will pay a fine.