Need Cash Today? We can help!

Payday Loans in Raton, New Mexico

If you need a Payday Loan in Raton, New Mexico you’ve come to the right place. We strive to provide our visitors with the best choices for getting a loan. Apply online directly through our website and get a cash advance today. Our website and application process is quick and easy, so you can get the money you need, when you need it. We know how difficult it can be to apply for a loan in person, so we make it easy for you to do it online right from your home. No matter why you need a loan, there is no shame in getting a short term advance to cover life’s unexpected expenses. Our Raton page will help get you the money you need. Trusted lenders are standing by, Apply Now!


  1. Secured and Safe
  2. Easy Sign Up
  3. Quick Loan Transfer

There are few things worse, in life, than a financial crisis. In this economy, it is not unusual to hear of financial struggles. Many people may find themselves jobless and concerned about being able to make ends meet. If you, yourself, are going through a stressful situation of this kind, you maybe interested in payday loans for the unemployed. Yes, there are lenders that will assist those that are currently unemployed. Available to the borrower are two different types of loans. The first being a secured loan and the other, a non- secured loan. One must research the different types of loans to decide which one will fit their situation.
 
Max Loan Amount in New Mexico:

No licensee shall make a payday loan to a consumer if the total principal amount of the loan and fees, when combined with the principal amount and fees of all of the consumer's other outstanding payday loan products, exceeds 25 percent of the consumer's gross monthly income.

Maximum Loan Terms:

No payday loan shall have a stated maturity greater than 35 days; no payday loan shall have a stated minimum term less than 14 days unless agreed to in writing by the consumer

 
If the loan is not repaid on maturity date, a fee as a penalty is charged along with the total amount. However, extra charges will be there, if asked for extending the repayment date. It has been noticed that people take advantage of pay day loans and borrow the money from the lender but got stuck with a big financial problem while repaying it.
 


Raton Payday Advance

Continental Loans
(575) 445-9030
137 S 2nd St
Raton, NM 87740
Sun Loan Company
(575) 303-0231
1100 S 2nd St
Raton, NM 87740
Security Finance
(575) 445-1270
1245 S 2nd St
Raton, NM 87740

New Mexico Payday Loan Terms
Maximum Loan Amount: $2500
Loan Term: 14 to 35 days, can be shorter by written agreement
Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100
Finance Charge for 14-day $100 loan: $16
APR for 14-day $100 loan: 416%

Have questions or comments about the regulations of payday loans in New Mexico?
Regulator: New Mexico Financial Institutions Division
Address: 2550 Cerrillos Road, 3rd Floor P. O. Box 25101 Santa Fe NM 87505
Phone: (505)476-4885
Fax: (505) 476-4670
Regulator Website

New Mexico regulations courtesy of the NCSL and CFA