Is It Possible Get a Payday Loan in Another State?

by Steve B. Spokesperson for FaaastCash

A payday loan is the best option in case you need an instant cash advance during a financial emergency. However, you might not get payday loans in every state as some states do not allow payday loans.

Can I get a payday loan in a different state?

Lenders are required to lend only to people in states they are licensed in, and people from a different state are usually prohibited from borrowing. However, there are exceptions, and you should check the state laws on their website to confirm your options.

Can I have multiple payday loans at one time?

Generally speaking, the answer is ‘NO.’ There may be exceptions, but the best way to find out is by asking your existing lender, they are the ones who most likely approve a second loan.

Are payday loans permitted in my state?

Laws vary greatly between the states, and there are those that do not allow payday loans in any form. There are also many different regulations in each state. Check the state website where you reside to learn more.

Will I need to repay a payday loan if it’s illegal in my state?

If you got a loan through any means, you would have to repay the loan. It is unlikely you will get a payday loan if it is illegal in your state. However, some consumers get installment loans instead, and these are still due like any loan.