Connecticut Payday Loan

It is not uncommon to find yourself in a financial crunch between pay periods. This is where SameDayPayday can help. We offer a directory of lenders nationwide, with detailed profiles and user reviews. Get informed with our city and state guides and find a loan that’s right for you.

Laws Pertaining to Payday Loans in Connecticut

By law payday loans are prohibited in the state of Connecticut. Lenders in this state must possess a license to deposit checks into someone's account and the state sets a minimum fee for cashing a post-dated check. An internet search for “payday loans Connecticut” in early 2017 turned up 844,000 hits, so many who reside in CT are looking for loans.

The state motto of Connecticut is: “He Who Transplanted Still Sustains.”

Individual states are primarily the ones in charge of regulating lending institutions. The cash advance industry comes with a lot of turbulence. While lenders lobby ardently to enable cash advance lending practices, their equally impassioned detractors lobby to prohibit short-term loans under the guise of consumer protection.

Connecticut Payday Loan - Cities