Connecticut has one of the strictest laws in the nation when it comes to payday and title loans. Technically you aren’t legally supposed to be able to get payday loans whatsoever in Connecticut but payday loan companies have found ways to work around this by providing online only loans or loans from offices labeled “small loan” instead of payday loan.
Due to this nature of loans, you may find lenders are able to charge an arm and a leg in fees and interest rates as many are located outside the US. Be extremely careful when dealing with offshore companies. We’ve taken the time to locate some lenders that will work with you even in Connecticut and have a good reputation.
Connecticut Pay Day Loan Laws
Maximum Loan Amount: variable
Maximum Finance Rate: variable
Annual Percentage Rate For 14 Day $100 Loan: 520% or more
Minimum Payoff Time: 1-31 days on average.
Extensions Allowed: None. Some lenders will allow extensions and repayment plans.
Top 5 Connecticut Payday Loan Companies
100dayloans.com
Online Company
100 Day Loans is a very unique short-term loan company that can be accessed from Connecticut easily. This company offers loans up to $1000 that can be paid back over a whopping 100 days. This gives you an amazing amount of freedom (if you qualify) and eliminates the stress that most payday loan users experience when they pay the loan off and realize they will have to skim by for two more weeks after they’ve paid them back.
mycashnow.com
Online Company
My Cash Now operates under the laws of Anguilla which is located in the British West Indies. This allows you to take advantage of their services without technically breaking any local laws in place in the state of Connecticut. While this company operates from outside the US for payday loans, the actual headquarters is in Washington state. My Cash Now offers various types of short-term loan so you can easily find something that meets your immediate financial needs.
plaingreenloans.com
Online Company
Plain Green Loans is another company available to people who live in an area where traditional payday loans are difficult to acquire. This company is owned and operated by Native Americans who live on the Rocky Boy Indian Reservation in Montana. You can borrow between $250 and $1000 using this service and if you continue to use this company, you will instantly qualify for larger loan amounts as long as you don’t miss any payments and remain in good standing with them.
cashcorner.com
Online Company
Cash Corner is a web-based short-term loan lender that has various options available for people living in Connecticut. The amount of money you can qualify for is highly dependent on a few different factors such as how long you’ve been employed and how much you make per month. A unique feature of this company is they will work with you even if you don’t have a bank account. They can air mail you a prepaid debit card you can use in place of cash.
directcashnetwork.com
Online Company
Direct Cash Network is a web only payday loan matching network that will help you find a lender willing to work with you no matter what your credit history is like. As long as you have a steady job and a bank account, you will be approved within minutes and matched with a lender willing to work with you. Connecticut has strict payday loan laws so you may be able to find some non-traditional lenders that allow longer pay-off times and other benefits.