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State laws

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Out of the 50 states, payday loan lending is legal in 27 states, with 9 others allowing some form of short term storefront lending with restrictions, while the remaining 14 prohibit any sort of payday advance lending. There are three main reasons for the bans set forth by the Federal regulation including, significantly higher rates of bankruptcy amongst consumers who take out the loans heavily due to the high interest rates, unfair and illegal debt collection practices, and automatic rollover loans which just compounds the total debt owed. Each state sets out their own rules and regulations such as maximum payday loan amount and maximum loan terms.

To find out whether your state allows payday lending and any restrictions, please visit: Payday Lending by State

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The operator of this website, www.thepaydayking.com, is not a lender, loan broker or agent for any lender or loan broker. We are an advertising network service to independent, participating lenders and other advertising networks that may be able to provide payday loan services, including payday loans bad credit and payday loans for no credit check, for amounts between $100 and $5,000 Not all lenders provide up to $5,000 and there is no guarantee that your request will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products. The information and application provided by ThePaydayKing.com does not constitute either an offer or a solicitation for a loan or a financial product, which are prohibited by any state law. We do not endorse or charge you for any service or product. ThePayDayKing.com is under no obligation, and does not actively monitor or review loan offers presented to consumers to determine whether the offer is the “best” available to any particular consumer. Consumers are both instructed and encouraged to review the loan offer presented to them to determine if the terms are acceptable to them.

This service and offer are void where prohibited, and ThePayDayKing.com is not responsible for ensuring that any particular consumer is eligible any loan or financial product offered by our lending partners. We do not control and are not responsible for the actions of any lender, loan organization or advertising network. We do not have access to the full terms of your loan. For details, questions or concerns regarding your loan, please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, payments and the implications for non-payment or late payments. The information submitted by you on this website will be shared with one or more participating lenders or advertising networks. You are under no obligation to use our service to initiate contact with a lender, apply for credit or any loan product, or accept a loan from a participating lender. Cash transfer times and repayment terms vary between lenders, therefore, may not include online same-day deposit. Repayment terms may be regulated by state, local, federal and/or tribal laws. These disclosures are provided to you for information purposes only and shall not be considered legal advice.

Annual Percentage Rate (APR) may vary between lenders and is dependent on a consumer’s credit worthiness, applicable regulatory guidelines, and other factors determined by each individual lending partner and their underwriting department. APRs may range from 59% and 1386%. The Annual Percentage Rate is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and all other material terms of your loan before you execute a loan agreement.

Residents of some states may not be eligible for some or all short-term, small-dollar loans. The list of eligible states may change from time to time, and it is the consumer’s responsibility to determine if they are eligible to participate in the service.

We do not make any underwriting or credit decisions. Independent, participating lenders that you may be connected to may perform credit checks with credit reporting bureaus, obtain credit reports, or otherwise verify your Social Security Number. Typically, lenders may conduct a credit check through alternative credit bureaus to determine creditworthiness, credit standing and/or credit capacity however, they may also utilize the major credit bureaus as well. By submitting your information, you agree to allow lenders to verify your information and check your credit. Your credit score may be affected.

Loans provided by independent, participating lenders in our network are designed to be repaid within a short amount of time. Short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Non-payment of your loan could result in collection activities, which may result in additional fees or collection activities, or both. Each lender has its own terms and conditions. Please familiarize yourself with your lender’s policies for further information.