Are Payday Loans Legal In The sTate Of Utah?

Payday loans often get a bad rap, but they're legal across most of the United States with millions of happy customers.

Payday loans in Utah are regulated by the Department of Financial Institutions (LINK). It is completely legal for lenders to issue such loans offline or online, so long as they have the required business license. In fact Utah is one of the least stringent states when it comes to payday lending, and all Utah citizens over the age of 18 can take advantage of the opportunity, providing they are in employment with a steady income. A payday loan could be just what you need to help cover unforeseen expenses or emergency bills, until your next pay check arrives. This is why it's sometimes called a cash advance. provides an easy and efficient loan request process, which you can complete in just a few minutes with any internet connected device. Lender's approval decision is almost instant, and if approved and once you accept the offer the funds will be in your bank account as soon as in 1 business day. It is really that simple!

Utah payday loans are a small and short term financial commitment, of usually only a few hundred dollars - the ideal amount to tie you over until you get your next monthly pay check. Payday loans are there for those costs that come out of the blue, such as car repairs, emergency travel etc, and should not be used to pay off other debts or spent on other risky financial endeavours. The loan term is usually only a couple of weeks and it must be paid back in full (plus a finance charge) on the agreed upon date, with no instalments. Because of this they are regulated differently to regular personal loans that you might obtain from the bank or other large lender.

Payday Loan Laws in Utah

Payday loan legislation in Utah is cited under Utah Code Ann. 7-23-101 et seq. Under this regulation the lender has the ability to lend any amount they desire, though this usually does not exceed $1,000. There is also no limit on the finance charge or interest rate, though in order to remain competitive these are not substantially higher than anywhere else in the country.

The major difference between payday loans in Utah and other states is that the loan term can be as long as 10 weeks, when usually this is closer to 2 weeks. Nonetheless lenders still try to aim for 2 weeks. However this 10 week limit does come in handy if a borrower fails to make repayment. This allows the lender to extend the term to 10 weeks. So if you missed the repayment at 2 weeks, you could get another 8 weeks (with interest) to pay back the debt.

All lenders must have a valid business registration.

The Payday Lending Market

There are hundreds of storefront payday lenders in Utah, as well as many that operate solely online. In fact hundreds of thousands of people regularly search for "payday loans Utah" on the web. Although this variety of options means customers have the ability to shop around for the best deal, it can be a daunting and time consuming process. This is especially true if you go to the lender in person and wait in line. Or use an online service but have to spend time faxing and emailing information.

The Best Choice

This is why has simplified everything to give you the fastest and smoothest experience possible. Our online-only request form can be filled out in two minutes from any internet connected device, and you will know if you have been approved almost instantly through our automatic verification process. If matched with lender, toy will then make you a straightforward offer that you can accept or reject at the click of a button. If accepted, the cash is then deposited in to your designated bank account as soon as the next business day!

UtahCashHelp operates within state and federal law, and our matching system is safe and secure. We never pass your information on to third parties except lenders from our network, and everything you submit is encrypted with the latest technology. Your data is also stored on encrypted servers that are regularly scanned for security vulnerabilities and threats.