Delaware Payday Loans Inc.
delawarepaydayloansinc.com
111 Naamans Road
Claymont, Delaware 19703
United States
Delaware Payday Loans Inc functions like a majority of payday lending sites you’ll find on the Internet. When you visit the site you’ll be presented with an online application form as well as some basic information on how payday loans work and even title loan information if you feel more comfortable with that kind of loan. The official website claims that customer service is their top priority and they will work with you to find the perfect lender but if that isn’t an option, they can send you to a local title loan company instead.
In Delaware, due to the vague laws about interest rates and fees, many payday loan companies will provide you with multiple types of alternative loans that have very competitive and reasonable rates.
What They Offer
Like many online companies, the goal presented on the website is to find a lender that will work with you regardless of your credit history. You’ll be able to borrow enough money to see you through hard times, pay unexpected bills or simply have some extra spending money. Delaware Payday Loans Inc. has information on their site about their company and also has a “store locator” area that can connect you with various types of nearby office.
When using the store locator, you put in your zip code and you are presented a list of all lenders within 100 miles of your location that have been approved by this company. It’s a mix of payday loan and title loan companies and most are locally owned and operated and have no website.
Where They Are Located
This company is headquartered in Claymont but has offices scattered around the state. Some go by the name Delaware Payday Loans Inc. and others go by Delaware Title Loans Inc but they are all owned and operated by the same people. Having so many locations in a state as small as Delaware guarantees you probably live within driving distance of a physical office.
Rates/Terms
The Delaware statutes regarding payday loans are extremely vague. The maximum you can borrow is $500 and you have 60 days to pay it off with up to four rollovers available. It’s the interest rates, fees and annual percentage rate that isn’t set in stone. This will vary greatly from lender to lender and in some cases may be extremely high.
Additional Info
Due to the ability for lenders in Delaware to set any APR or fees they like, it’s a great idea to check around before committing to a single payday loan company. A little research could save you a lot of money and make the entire payday loan process smoother and easier.
