New Hampshire Payday Loans

Cash advance consumers in New Hampshire are protected by the New Hampshire Small Loan Act. Through these regulations, New Hampshire payday lenders are required to pay a $450 license fee every year and are prohibited from making misleading statements. If a lender is found to be participating in deceptive advertising or misleading practices, its license can be revoked and the company can face steep fines. The point of these laws is to help consumers to have the helpful option of a payday loan but understand their rights fully. If a borrower has a complaint against a lender, he or she must file a grievance with the bank commissioner of the state. Criminal charges against borrowers that default are not allowed under New Hampshire law.

Maximum Principal

Borrowers can take out $500 in payday loans.

Length of Loan

Loans can have terms anywhere from 7 to 30 days.

Rollovers

Extensions on cash advance loans are not allowed. Borrowers can, however, pay back the original loan by taking out a larger loan. The amount left after paying back the first loan would be the borrower's to use.

Fees

In 2000, New Hampshire legislation ruled that there is no cap on the finance charges and administrative fees accompanying payday loans. There is a requirement that defaulted loans are capped at 6 percent per year, however.

APR

Since there are no caps on finance charges and other fees, there is no set APR.

New England Auto & Payday Loans
465 South Willow Street
Manchester, NH 03103
Presidential Mortgage Inc
390 Portsmouth Avenue
Greenland, NH 03840
Advance America Cash Advance
356 South Broadway
Salem, NH 03079
New England Auto & Payday Loans Inc
903 Central Avenue
Dover, NH 03820
New England Payday & Auto Loans Inc
4 Road
Plaistow, NH 03865
Fast Cash Trading Center
516 Laconia Road
Tilton, NH 03276
Advance America Cash Advance
300 Main Street
Nashua, NH 03060
EZ Cash of New Hampshire Inc
35 Manchester Rd
Derry, NH 03038
Capital Bank Card NH
131 Daniel Webster Highway
Nashua, NH 03060
(888) 719-5055
Corporate Lending Group
1 New Hampshire Avenue
Portsmouth, NH 03801
(603) 294-4541



New Hampshire Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter
2012$6904229%39%24%8%34%66%
2011$6294133%38%25%4%31%69%
2010$5944334%40%22%4%30%70%