Payday Advance New Hampshire
If you are a New Hampshire resident that requires funds to meet a pressing financial need then a New Hampshire payday advance may be the solution to your situation. Emergencies can arise at unexpected times that can easily strap you for cash, especially in difficult economic times when you may be living from payday to payday.
In the state of New Hampshire, residents can acquire payday cash advances that provide required funds quickly and easily. Payday loans provide small amounts of cash that are then repaid out of your next paycheck which makes them convenient and much less burdensome than long-term loans.
About New Hampshire Payday Loans
When you require small amounts of cash quickly to meet pressing and unexpected emergencies, New Hampshire payday loans are the perfect choice. These short-term loans are designed to provide fast cash and then are meant to be repaid in a couple of weeks to a month.
New Hampshire payday advances can be used to meet such emergencies as car repairs, home systems repairs, illnesses, medications, school requirements, and bills as well as for getaways before those payday dollars arrive. Because payday loans are short-term, they provide a means of obtaining funds without getting bogged down in long-term loan payments.
What to Expect When Applying for New Hampshire Payday Advances
A payday advance New Hampshire loan is easily obtained by either visiting an approved payday lender within the state or selecting an online cash advance lender. Online lenders can provide extra convenience, comfort and privacy when seeking extra cash assistance. Just keep in mind that companies providing payday advances over the internet must adhere to New Hampshire state laws when dealing with state residents.
Once you have selected your lender, you will apply for the loan by filling out and submitting a simple application form. You will also be required to submit bank account information, proof of steady income, and a form of personal identification. Personal checks which are post-dated with the due date are sometimes also required by some payday loan lenders.
When your loan is approved, the lender will deposit the requested funds into your bank account for use in your emergency situation. On or before the loan due date, you can simply return to the in-state lender to pay it off. If you do not return to make payment on the due date, lenders requiring post-dated checks will cash them to retrieve loan funds. Online providers are usually paid via direct withdrawal from your supplied savings or checking account.
Legal Guidelines for Borrowers and Lenders of New Hampshire Payday Loans
New Hampshire has set the maximum loan amount for payday cash advances at $500 and they are to be repaid within 7 to 30 days. Each resident can only take out one New Hampshire cash advance at a time and no rollovers, or loan extensions, are allowed which means you must pay off the loan by the agreed upon due date. Also, once a payday short-term loan is paid off, another loan cannot be taken out until after a 60 day "cooling down" period.
Interest charges and service fees cannot exceed 36 percent annually which equates to an APR of $1.38 on a $100 loan taken out for 14 days. Because the chargeable interest is so low in New Hampshire, it may be difficult to find participating lenders. If this is your case, you may need to seek alternative means of obtaining fast cash.
Alternatives to New Hampshire Payday Loans
If you find it difficult to locate a payday loan lender willing to submit to the low interest rates and fees of New Hampshire payday advances, you can seek out other sources of fast funding.
Some other choices for emergency cash are to take out a title loan, approach your employer for overtime or a payday advance, do side jobs, seek local, state, or government assistance programs, ask for extensions for bill payments, etc.
New Hampshire State Banking Department
53 Regional Drive, Suite 200
Concord, NH 03301
Phone: 603-271-3561 or 800-437-5991
Fax: 603-271-1090 or 603-271-0750