Pennsylvania Payday Loans

Borrowers that want to take out a cash advance loan in Pennsylvania are not able to do it. Pennsylvania is one of 14 states that expressly prohibits payday lending and similar cash advance practices. The state views the fees and interest rates associated with these companies as illegal. The thought behind this ruling is spelled out in the Check Cashing Licensing Act of 1998. Further information regarding lending practices in the state are available in the Consumer Discount Company Act. Though cash advance companies, like those in Lancaster and Pittsburgh, would certainly like to see this ruling reversed, there is no new pending legislation.

Maximum Principal

Payday loans are illegal in Pennsylvania.

Length of Loan

There are no loan terms as the actual act is outlawed.


There are no extensions or rollovers allowed since cash advances are illegal in Pennsylvania.


There is a small loan annual interest rate cap of 24 percent in Pennsylvania.


Since payday loans are against the law, there are no regulations for APR on this type of financing.

Prudential Savings Bank
Moyamensing Avenue & Moore St
Philadelphia, PA 19148
Check Cashing Store 2
3133 North Broad Street
Philadelphia, PA 19132
Cash Connection Inc
4715 North Broad Street
Philadelphia, PA 19141
Cash Connection
2614 Germantown Avenue
Philadelphia, PA 19133
Action Finance, LLC
7130 Charles Street
Philadelphia, PA 19135
Cash America
8 North 52nd Street
Philadelphia, PA 19139
Checkmate Financial
2479 Napfle Street
Philadelphia, PA 19152
Penn Business Credit
1601 Market Street
Philadelphia, PA 19103
Cash Connection
5812 Old York Road
Philadelphia, PA 19141
Prudential Savings Bank
19th & Oregon Ave
Philadelphia, PA 19145

Pennsylvania Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter