Nevada Financial Snapshot
- Nickname: The Silver State
- Population: 3.03 million
- Capital: Carson City
- Website: NV.gov
In Nevada, the interest rate for a payday loan can be as high as 652%.
Payday Loans in Nevada
Nevada’s 339 payday lending storefronts make an average of 3,541 loans per store. And though the typical loan amount is relatively small—$350—this adds up to more than $77 million in fees annually across the state.
Nationally, 80% of all payday loans are either rolled over (meaning the borrower pays a fee to have the loan extended for two weeks) or renewed (meaning the borrower immediately takes out a new loan to cover the last one).
Consumer Protection in Nevada
How to Report a Lender in Nevada
The Nevada Financial Institutions Division
Address: 3300 W. Sahara Ave., Suite 250, Las Vegas, Nevada 89102
Phone: (702) 486-4120
Guides to Payday Loans in Nevada Cities
Check out this payday loan guide to the following city in Nevada: