Payday Loans in Laurel, Indiana

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No payday loan companies in Laurel, IN. Consider companies in other cities:

Company nameAddressZip codePhone number
1st Source Bank 516 Main St, Rochester, IN 46975 +1 (574) 223 - 4303
Old National Bank 602 W Broadway St, Loogootee, IN 47553 +1 (812) 295 - 1100
EZPAWN 6752 Indianapolis Blvd, Hammond, IN 46324 +1 (219) 844 - 0010
Galen Krumme - Raymond James 311 N Ewing St, Seymour, IN 47274 +1 (812) 519 - 1500
Principal Financial Group 19113 N County Rd 700 E, Dale, IN 47523 +1 (812) 913 - 5909
Advance America 1714 N Walnut St, Hartford City, IN 47348 +1 (765) 348 - 1220
KeyBank 20 N Main St, Knox, IN 46534 +1 (574) 772 - 2144
Check Into Cash 1816 IN-44, Shelbyville, IN 46176 +1 (317) 421 - 0856
First Harrison Bank 391 Old Capital Ridge NE, Corydon, IN 47112 +1 (812) 738 - 9099
EZPAWN 2547 Nichol Ave, Anderson, IN 46011 +1 (765) 649 - 2757

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Laurel, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Anderson, IN, Quick Loan in Bloomington, IN, Same Day Loans in Carmel, IN, Payday Loan for Columbus, IN, Payday Loan Without a Credit Check in Elkhart, IN, Payday Loan for Evansville, IN, Payday Loans in Fishers, IN and Payday Loans in Fort Wayne, IN. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Laurel, IN.

Beautiful sights of Laurel, IN

Payday Loans Available in Laurel, IN By The Following ZIP Codes:

47024

Are Payday Loans Legal In Laurel, Indiana?

Loan Rates and Fees, Laws and Regulations in Indiana.

Indiana Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)382
Maximum Loan Amount$550
Minimum Loan Term14 days
Maximum Loan TermNot Specified
Number of Rollovers Allowed0
Finance Charges<$250 = 15% $250 - $400 = 13% $400 - $500 = 10%

Laurel, IN payday loan calculator

Understanding Payday Loans in Laurel, Indiana

If you live in Laurel, Indiana and are facing an emergency financial need, a payday loan might seem like an attractive solution. Payday loans provide consumers with a quick and easy way to access cash when they need it the most.

However, it is essential to understand the pros and cons of payday loans before applying for one. In this article, we will provide a comprehensive guide to payday loans in Laurel, Indiana, and offer tips on how to use them responsibly.

What Are Payday Loans?

Payday loans are short-term, high-interest loans that borrowers take out against their next paycheck. These loans are designed to help consumers cover unexpected expenses or emergency bills that come up between paychecks.

In Laurel, Indiana, payday loans are legal and regulated by the Indiana Department of Financial Institutions. Borrowers can take out a maximum loan amount of $550 and are required to repay the loan within 14 days to 30 days, depending on the terms of the loan agreement.

The Pros of Payday Loans

Payday loans have many benefits, including:

  • Quick access to cash
  • No credit check required
  • Flexible repayment terms
  • No collateral required
  • Easy online application process

These benefits make payday loans an attractive option for consumers who need funds quickly to cover unexpected expenses.

The Cons of Payday Loans

While payday loans can be helpful in some situations, they also come with high fees and interest rates. In Indiana, lenders can charge up to 391% APR on payday loans. If the borrower is unable to repay the loan on time, they can face additional fees and debt collection actions.

Additionally, payday loans can lead to a cycle of debt, where borrowers take out new loans to pay off old ones. This cycle can be challenging to break, and it can lead to financial instability.

Responsible Use of Payday Loans

If you do decide to take out a payday loan in Laurel, Indiana, it is essential to use it responsibly. Here are some tips to help you use payday loans responsibly:

  • Borrow only what you need
  • Read the loan agreement carefully
  • Compare interest rates and fees
  • Have a plan to repay the loan on time
  • Avoid taking out new loans to pay off old ones

By using payday loans responsibly, you can take advantage of their benefits while avoiding the traps that can lead to financial hardship.

Facts and Statistics about Payday Loans in Laurel, Indiana

Here are some verified facts and statistics that shed light on the landscape of payday loans in Laurel, Indiana:

  • The average payday loan in Indiana is $389, with an average finance charge of $46.38 per loan.
  • Indiana has the highest payday loan rate in the Midwest, with an average interest rate of 391%.
  • Since 2002, Indiana has allowed payday lending, leading to the opening of more than 250 payday loan storefronts across the state.

Apply Now

At TheGuaranteedLoans, we understand that unexpected expenses can put a strain on your finances. We are here to help you connect with potential lenders in Laurel, Indiana, who can offer you the funds you need to cover your expenses.

Our online application process is quick and easy, and we do not perform credit checks. Just fill out our online application and receive a loan decision within minutes. Remember, we are a connector service, not a direct lender, and we will help facilitate your connection with potential lenders.

Apply now and take the first step towards financial stability!

F.A.Q.

Can I be sued or have my wages garnished if I fail to repay my payday loan in Laurel, Indiana?

Yes, if a borrower fails to repay a payday loan in Laurel, Indiana, the lender may choose to pursue legal action, including suing the borrower and garnishing their wages. It is important for borrowers to only take out payday loans if they are confident they will be able to repay them on time.

What are the consumer protections for payday loan borrowers in Laurel, Indiana?

Indiana has several consumer protections in place for payday loan borrowers, including a limit on the number of loans that can be taken out at one time, a maximum loan amount of $500, and a requirement for lenders to provide clear and concise disclosure of all fees and terms. Borrowers also have the right to dispute any charges or fees that they believe are unfair or inaccurate.