Montana Cash Advance Consumer information

Payday Loan usage info:
Statistic information is not available
Short term loan permit:
Limited
Legislation:
31-1-701 et seq
Cash loan period:
There are no lenders working under the Montana state laws.
Fees:
There are no lenders working under the Montana state laws.

If you’re thinking about getting a cash loan in Montana, it’s best to first be aware of the different rules and regulations surrounding the transaction. These laws are set up by the government of Montana to ensure that fairness rules every payday loan and that consumers are well protected from seedy lenders. This site helps you with this goal by providing comprehensive information to guide you with every transaction.

For any questions or feedbacks, we always welcome visitor participations. Payday loan information for other states is also available.

Payday Loan Process in Montana

Most payday loans take less than a week before being approved by the lender. To apply for a Montana sky trail cash loan, you first need to meet the basic requirements set by the law as well as the lender.

Fortunately, payday loans typically do not involve a credit check, allowing individuals with bad credit to still get a loan. Most lenders are also flexible with provisions for people accepting welfare checks or retired seniors. With the provisions, this gives technically unemployed people with the chance to still obtain a loan, based on their monthly checks.

Montana Payday Loan Laws and Regulations

All payday loan lenders from the state of Montana are required to transact using these specific limits for each borrower:

Montana is one of the few states that carefully manage payday loans to prevent three-digit APRs. Unfortunately, the law does not specify the possibility of rollovers or the amount of allowable loans at a time. The policies with repayment plans and cooling off period are also unspecified.

Montana Consumer Protection

If you have any questions, complains or problems with Montana payday loans, you can contact the Division of Banking and Financial Institutions.

All consumers are advised to protect themselves against future problems by being aware of the laws and regulations governing each transaction. Reading the fine print and asking questions of your lender should be practiced before signing anything.

Montana Payday Loan Alternatives

There are lots of alternatives for payday loans if you’re not too sure about getting one. The first and most obvious option is by borrowing cash from friends and relatives. You can also try selling some of your items or going directly to your employer for a cash advance. All these options let you avoid the burden of interest rates. If these aren’t possible, you can pawn off an item or simply use your credit card to make the purchase. A bank loan is also a viable alternative although it’s usually best for large monetary needs.