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Does Mypaydayloan.com Service Your State?


Although payday loans are still available in most states, in recent years, some states have passed regulations restricting them. Cash advances, as they are also commonly known, provide access to capital to individuals who often don't have anywhere else to turn in a financial emergency. State restrictions on payday lenders often result in fewer options for hardworking Americans with less than perfect credit. Mypaydayloan.com recognizes the continued need and demand for short-term capital, which is why we support the ongoing legislative efforts of the Online Lenders Alliance. As an OLA member, we sympathize with our customers’ need for credit and continuously stand behind the OLA in educating our critics and state lawmakers. Our goal is to show the positive side of the payday lending industry and explain how we've helped hundreds of thousands of people over the years. Regulators should not make payday loans unlawful for consumers especially in this tough economic climate.

In addition to attempts to regulate or restrict payday loans, the New York State Department of Financial Services (NYSDFS) and the U.S. Department of Justice (DOJ) have now focused their attention on third party payment processors which allow payday loan companies to issue credits and also debit a customers checking account. This is done via the Automated Clearing House or (ACH) network. Restricting or limiting a lenders access to this network would severely cripple a lenders ability to operate. The NYSDFS and the DOJ are applying pressure now more than ever before on these processors requesting that they steer away from the cash advance industry altogether, a move that would surely hurt our end-users the most. In a press release issued on August 13, 2013 by the OLA, its President Lisa McGreevy, gave the following statement:

"Millions of consumers nationwide are going to the Internet to find short-term credit to meet the immediate needs of their families. For years online lenders have been providing our customers these online loans from the safety and security of their homes. Government efforts to cut these customers off from this credit option will force them to more expensive choices like bank overdraft, late payment or utility reconnection fees.” 

To read the full press release by the OLA click here.

Payday lenders are being attacked by lawmakers and while we are committed to reducing regulation and keeping our service available to all U.S. consumers, we have decided not to service the states listed below due to the unfavorable regulatory climate. 

Mypaydayloan.com offers payday loans in every state except the following:

  • Arkansas
  • Mississippi
  • Colorado
  • Nebraska
  • Florida
  • New Hampshire
  • Georgia
  • New York
  • Guam
  • North Carolina
  • Illinois
  • Oregon
  • Kansas
  • Virginia
  • Massachusetts
  • West Virginia
  • Michigan
  • Wisconsin
  • Minnesota