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Payday Loans

Payday Loans

Payday loans are small-dollar loans with extremely high fees or interest.  A typical payday loan is about $375 and carries a fee of $56.25, which is a 391% annual percentage rate (APR) for a two-week loan. To get a payday loan, borrowers must give lenders access to their bank accounts.

While payday lenders market these loans as "short-term" loans, the loan terms are designed to trap most borrowers into long-term debt.  Borrowers often fall behind on other bills and overdraft their bank accounts.

Thankfully, Pennsylvania has one of the strongest laws in the country to protect borrowers against predatory payday loans, whether the loans are made through storefronts or online.

What we can do: 

If you are having trouble with an illegal payday loan, you can apply for legal help from CLS.  We can help you get out of the payday loan debt trap.

How to get help:

Walk-in Intake

Community Legal Services
North Philadelphia Law Center

1410 West Erie Avenue
Philadelphia, PA 19140
Monday, Wednesday, Friday
9:00 am -12:00 pm

Phone Intake

Philadelphia Legal Assistance
Tuesday, Thursday
9:30 am – 12:00 pm