Payday Loan Alternatives in Pennsylvania
- Easy application process
- Same-day money deposits
- No hard credit checks
- All credit scores are considered
- Borrow money online and in-store
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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If you need emergency money to cover unexpected expenses, such as medical bills or car repairs, you’re welcome to apply for small loans through 1F Cash Advance. Visit a nearby store or fill out an online form and get an almost instant decision with a same-day or next-day deposit for approved borrowers.
What Are Payday Loans?
Payday loans are borrowing options designed to cover small emergencies. They offer amounts between $50 and $1,000 and need to be repaid within 2 to 4 weeks. As the name suggests, the due date is usually set on a borrower’s next payday.
These short-term loans are known for their easy approval and fast deposits. That is why they are popular with borrowers who need money fast and can’t access traditional loan options due to their bad credit. However, they also come with very high APRs of over 400%. Therefore, many states, including Pennsylvania, prohibit payday loans or strictly regulate their terms and costs.
Are Payday Loans Legal in Pennsylvania?
According to the Check Cashing Licensing Act of 1998, 505(a), regular payday loans are illegal in PA. Lenders that operate in the state must comply with an APR cap set by law.
Small Loan Rates and Terms
Pennsylvania lenders are allowed to charge APRs of up to 6% on all loans of under $50,000. Small loan caps also apply. Lenders offering them can only charge $9.50 per each $100 borrowed per year plus a $1.50 service fee for each $50 per year. This cap applies to small loans that are repayable within 48 months. 1F Cash Advance offers loans up to $5,000 in full compliance with Pennsylvania laws.
Here are some representative cost examples:
| Amount Borrowed | Period (months) | APR | Monthly Payments | Amount Due |
|---|---|---|---|---|
| $500 | 3 | 6% | $168.34 | $505.01 |
| $1,000 | 6 | 6% | $169.6 | $1,017.57 |
| $5,000 | 24 | 6% | $221.6 | $5,318.47 |
How to Get a Loan Online via 1F Cash Advance
Our online loan application involves 3 simple steps:
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Fill out the application form. Provide your basic information via the website and submit a form. It's available 24/7. The process only takes 5 minutes.
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Get a loan decision. Your application will be reviewed for eligibility quickly, so you may get an instant approval decision. No hard credit check is performed.
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Receive the funds. If approved, get a direct deposit into your bank account on the same* or next business day.
*Same-day funding is offered to loans approved and originated before 10:30 am on weekdays. Please note that you may also be asked to provide copies of documents to prove your personality, income, and address.
Eligibility Requirements
Here’s what you need to qualify for a payday loan alternative from 1F Cash Advance:
- Be at least 18 years old
- Valid government-issued ID
- Social Security number
- Proof of income
- Proof of Pennsylvania address
- Active bank account
- Valid email address and phone number
Payday Loans Alternatives
Whether you need quick cash or are looking for an option at a reasonable cost, here are several payday loan alternatives to consider.
Personal Loans
Personal loans offer fixed interest rates and predictable payments, with amounts up to $50,000 and terms up to 60 months. Good credit is usually required. Otherwise, collateral may be needed.
Installment Loans
Our installment loans in Pennsylvania can be an option for bad credit borrowers seeking repayment flexibility. You can get up to $5,000 and repay the funds within up to 24 months.
Cash Advance Apps
Cash advance apps often offer interest-free advances of $10 to $500, repaid within 2 to 4 weeks. Some may charge subscription or express deposit fees.
Payday Alternative Loans
Payday Alternative Loans (PALs) from credit unions offer up to $1,000 for 1 to 6 months, with APRs capped at 28%. Eligibility requires joining a specific credit union, possibly with membership fees.
Credit Card Cash Advances
Credit card cash advances let you withdraw cash from your available credit without an application or credit check. They carry higher APRs that start accruing immediately and are treated separately from purchases.
1F Cash Advance Store in Pennsylvania
Need help during the application or looking for a personalized approach? Visit the 1F Cash Advance Pennsylvania store and let our professional team guide you through the process.
Address: 5256 US-30 #10a, Greensburg, PA 15601
Phone: (878) 309-9654
Email: [email protected]
Branch Manager: Thomas Brinley
Hours:
Monday – Friday: 8:00 am to 10:00 pm
Saturday: 9:00 am to 6:00 pm
Sunday: Closed
Pennsylvania Cities We Serve
1F Cash Advance is committed to helping consumers across Pennsylvania access reliable financial solutions. We currently operate in the following cities:
| Abington | Erie | Philadelphia |
| Allentown | Lower Merion | Pittsburgh |
| Bensalem | Lancaster | Reading |
| Bethlehem | Lower Paxton | Scranton |
| Bristol | Millcreek | Upper Darby |
Tips for Responsible Borrowing
Before applying for a loan, make sure you fully understand what you’re going into and have a realistic debt repayment plan. Here’s what you need to pay attention to for your smooth financial journey.
Compare Loan Offers
Evaluate all the loan options available to you and choose the one that suits you most. Then, review the lenders offering it. Read customer reviews, check legal documents and licenses, and pre-qualify from trusted loan providers with the best deals. This will give you a better idea of the potential terms and rates.
Understand the Terms
Your interest rate and repayment period directly impact your monthly payment. Aim for an option with the lowest APR, watch for extra fees, and choose a suitable loan duration. While a longer repayment period results in a lower monthly payment, it also comes with a higher overall loan cost.
Consider Alternatives
Bad credit loans are not the only option for people with credit issues. Ask your family or friends for help or seek assistance from the government. Use loans only when you don’t have other options to turn to.
Make Sure You Really Need a Loan
Don’t borrow money for luxurious purchases or just in case. Clearly determine the loan purpose and ask yourself whether it can wait until you save enough to finance it on your own. This will help you avoid unnecessary debt.
Be Realistic About the Loan Amount
Don’t request more than needed, so you don’t have to overpay in interest. Create a budget for your new loan and ensure you can comfortably pay it off on time. Refrain from borrowing unless you have a clear repayment plan.
Why Choose 1F Cash Advance
1F Cash Advance offers emergency loans in Pennsylvania to help people reach their financial goals, no matter their credit score. Here’s how we differ:
Straightforward application process
You can complete an easy application form in just 5 minutes from the comfort of your home 24/7. No credit check, faxing, or extensive paperwork involved.
Exceptional customer service
Our team is always here to provide professional advice and help you with each step of the process. If you have questions, call us at (878) 309-9654 or visit our store.
Fair and transparent loan terms
All the terms are clearly stated on the loan agreement. You will know what you’re going into before entering the deal.
FAQ
Is 1F Cash Advance licensed?
We are licensed by the Department of Financial Protection and Innovation. Our service follows the US Fair Lending laws and regulations. Borrowers can request licensing information anytime.
How much do small loans cost?
Pennsylvania law caps APRs on small loans under $50,000 at 6%. Loans that are repayable within 48 months have fee caps of up to $9.50 per $100 borrowed per year, plus a $1.50 service fee for each $50 borrowed per year.
Should I get a bad credit loan?
A bad credit loan can be helpful if you need quick cash and don’t qualify elsewhere, but you should weigh the higher costs, fees, and potential debt cycle risks before deciding.
Are there any fees associated with my loan?
Extra fees may apply for late payments, early repayment, and loan processing. Read your loan agreement carefully before signing to be aware of all the potential costs you may face.
How much can I get with a small loan?
1F Cash Advance offers loans between $100 and $5,000. The amount you can qualify for depends on the loan type, your income, and your credit score.
What if I will be late on my loan payments?
Late payments may result in extra fees and credit consequences. Contact your lender if you experience any difficulties and ask about a flexible repayment plan or other options you have.