State Availability

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State Availability Disclosure

State availability of our services via our lending network is dependant of those lenders that operate or offer their financial products and services within any particular state. Certain lenders may charge their customers APR rates that exceed the limit of the state usury law, and due to this, can not legally operate within that state.

Each state has set their own Usury Laws – their purpose being to help protect you the consumer from unscrupulous lenders and excessive interest rates. Each State sets statutory limits on the amount of interest that you may be charged.

Due to the array of exceptions and legal loopholes regarding state interest rate limits, for example the type of lender or borrower, loan amount and the nature of the contract, some contractual agreements are exempt from state usury laws limiting interest rates. It’s true to say that many states have so many exceptions that it is often necessary to find a different rate for every conceivable situation.

Consumers often waive the limit via contract (in writing or with the click of a mouse), a decision made to secure the credit they require. As a result, state interest rate laws typically have no bearing on the actual rates paid by borrowers.

Not all InstalmentLenders.com lenders operate in all US states for various reasons. Residents of some US states may not be eligible for installment loans products, due to lender eligibility criteria or state legislation requirements. However within our network of lenders, depending on your state of residence, a lender has the option to decline to consider your interest in a financial product they offer or accept to consider your interest in the financial products they offer.

Our lending network policy is to connect our users with lenders that abide by their state usury laws, and that charge (including fees and interest), a minimum APR rate of 3.95% to a maximum APR rate of 35.9%, but within the legal limits that have been set by that state. If a lender accepts to consider your interest in a financial product that they offer, that lender will be responsible for ensuring that any agreement offered to you the customer, is legal within the state you reside at the time of completing any loan agreement.

If you are at all concerned regarding the interest rate that you have been quoted by a lender and wish to find additional information, it is recommended that you contact your State Office and start a dialogue regarding the specifics of their usury law and associated interest rates.

This service is not solicitation for loan products and does not constitute a loan offer for any loan products that are prohibited by state law. This service is void where prohibited.

Listed below are the states we offer our services to residents and the states we currently do not offer our services to. 

 

States we do offer our services

Alaska
California
Colorado
Delaware
Florida
Hawaii
Idaho
Illinois
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Michigan
Missouri
Nebraska
Nevada
New Jersey
New Mexico
North Dakota
Ohio
Oregon
Rhode Island
South Carolina
Tennessee
Texas
Utah
Virginia
Wisconsin
Wyoming

 

States we don’t offer our services

Alabama
Arizona
Arkansas
Connecticut
Georgia
Indiana
Massachusetts
Minnesota
Mississippi
Montana
New Hampshire
New York
North Carolina
Oklahoma
Pennsylvania
South Dakota
Vermont
Washington
Washington, D.C.
West Virginia