How Many Payday Loans Can You Have?
Unfortunately, there isn't a cut-and-dry answer to this question. The answer depends on different factors including:
- Type of payday lender you're borrowing from
- Applicable state laws
- Your initial payday loan amount
I Need Another Payday Loan
We're all familiar with the term "when it rains, it pours". Unfortunately, when you have a money emergency, it never seems to be just 1 emergency. It's never just 1 appliance that stops working, and the doctor's office never sends you just 1 bill.
Payday Loans can be a lifesaver when you're in a tight spot. So much so, that you may find yourself in need of multiple loans to cover your unexpected expenses – leaving you wondering "how many payday loans can I get?"
The best way to find out how many payday loans you can have is to ask your lender. Check their rates and terms pages on their website, call their customer service department, or stop by one of their payday loans stores. Any knowledgeable lender will be aware of the restrictions in your state, and can help provide you the information you need.