Delaware has rather unique payday loan laws in that while there’s a maximum limit in place of $500, the state pretty much lets lenders charge interest and fees that they select and that people are willing to pay. This can lead to great discrepancies when it comes to comparing one payday loan company with another. Delaware allows you to have up to two months to repay a payday loan before additional fees are imposed and you can have up to four rollovers. These measures insure consumers aren’t slammed with NSF and overdraft fees from their bank and don’t have to give an entire paycheck to a payday lender at once but instead make more, smaller payments.
Delaware Pay Day Loan Laws
Maximum Loan Amount: $500
Maximum Finance Rate: Variable
Annual Percentage Rate For 14 Day $100 Loan: Variable
Minimum Payoff Time: 1-60 days
Extensions Allowed: Four Rollovers
Top 5 Delaware Payday Loan Companies
delawarepaydayloansinc.com
111 Naamans Road
Claymont, Delaware 19703
United States
Delaware Payday Loans Inc. is a local branch of a US based company that has similar sites for each and every state. The difference with this company is that they actually have an office in each state complete with customer service representatives. This company does primarily function on the Internet and matches you with a suitable lender in your area that will work with you based on your individual payday loan needs.
delawarefastcash.com
P.O. Box 165
Wilmington, DE 19899
Delaware Fast Funds is a relatively small payday loan company that only operates within the state of Delaware. What this means for you is that they understand how the laws work and can work with you to the best of their abilities regardless of your credit history and even if you’ve had an issue or two with your checking account. The website also has the option to pay an additional $10 fee to receive your cash in as little as one hour.
5 Liberty Plz
Harrington, DE 19952
(302) 398-0700
ezloansdelmarva.com
EZ Loan$ is a relatively small payday loan company that operates in Delaware and Virginia only. This company offers traditional payday loans as well as high-interest unsecured personal loans for those unable to borrow enough from a normal lender or for those with credit problems who are unable to get larger amounts from traditional financial institutions.
cashadvanceplus.com
28959 Sussex Hwy
Laurel, DE 19956
Cash Advance Plus is yet another payday loan company based in Delaware that offers traditional payday loans as well as title loans and “non-traditional” loans that can have significantly higher borrow amounts. This company is locally owned and operated and is familiar with the regulations regarding payday loans in Delaware so you know you won’t pay hidden fees or illegal charges of any kind.
155 N Dupont Hwy Unit 1 #1
Dover, DE
(302) 677-0070
unitedcheckcashing.com
United Check Cashing is an all-in-one check cashing and payday loan company that operates in 20 states as of 2011. This company offers all kinds of short-term financial solutions and even offers home phone services in areas it operates in. For Delaware residents to receive a payday loan with them, you need to be 18, be employed, have a checking account and a home phone.