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Yes they are!!!!. they have to be licensed in nj to loan in nj out of state PAYDAY LOANS ARE PROHIBITED IN NJ
Added: As stated above, payday loans are illegal in New Jersey but their state laws (as currently written) are considered weak and ineffective.
See below link:
What else can I help you with?
Are payday loan are illegal in New Jersey?
Only if your a Jew
Do you have to repay a payday loan in new jersey?
Erm...Yes. You have to pay all "loans". That's why they are called "loans."
What if you have numerous outstanding payday loans?
Nothing ! You can get a new one!
Are payday loans legal in New Mexico?
what action cn be taken against you if you dont repay a payday loan
What are the wage garnishment laws for payday loans in New Jersey?
I also have been looking into this and it seems the state wage garnishment laws are 10% of your gross income. Payday loans are prohibited in the state of NJ and they do have a usury law set in place. I do not know what our rights as consumers are when it comes to these internet payday companies. They state that we have to abide by their (payday loan sharks) state rules. I hope this is something, I have been trying to get out of this mess.
Is it illegal to slurp soup in New Jersey?
No, it is not illegal to slurp soup in New Jersey.
What are the key differences between signature loans and payday loans?
The major difference between a signature loan and a payday loan is that the payday loan uses your next paycheck as collateral whereas a signature loan does not require any collateral. Signature loans, also known as good faith (or no-doc) loans, are backed by the character and good credit history of the borrower with the particular lender. While higher rates apply to signature loans, the relative costs of signature loans are lower than those of payday loans. Key differences summarized: * Term of signature loans may be up to one year; payday loans max out at one month (extensions are considered new loans) * Fees and interest rates charged in signature loans are lower than those of payday loans * No security or collateral is required for a signature loan; payday loans do require income and a pledge of the next paycheck * Signature loans may be used to build your credit history as payments on signature loans are sent by lenders to credit bureaus; payday lenders only submit negative information to the bureaus if the loan is not paid appropriately
Which companies offer home equity loans in New Jersey?
Many companies offer home equity loans in New Jersey. There are a number of national ones, as well as local ones such as CitizensBank and Provident New Jersey.
What stores offer payday loans?
Payday loans are offered by the familiar stores such as Same Day, Fast Cash, NextCredit, RedWallet, Wonga and many more but are now finding their way into retails establishments as a new service to cash strapped individuals.
Do you get points for illegal parking in New Jersey?
no you do not
Are bows illegal in New Jersey?
yes
Are pepper ball guns legal in New Jersey?
no
