Payday Loans in Markleville, Indiana

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

Company nameAddressZip codePhone number
BMO Harris Bank 110 E Jefferson St, Tipton, IN 46072 +1 (765) 675 - 2172
First Bank Princeton Branch 2820 W Broadway St, Princeton, IN 47670 +1 (812) 386 - 8463
Woodforest National Bank 2100 N Main St, Bluffton, IN 46714 +1 (260) 827 - 0759
Payday Loan of Indiana 6805 E 38th St, Indianapolis, IN 46226
Heights Finance Corporation 4339 Franklin St, Michigan City, IN 46360 +1 (219) 874 - 1300
Aames Title & Closings LLC 927 W National Ave, Brazil, IN 47834 +1 (812) 442 - 8100
Hometown Federal Credit Union 151 N Broadway, Peru, IN 46970 +1 (765) 472 - 7600
Woodforest National Bank 1501 E 29th St, Muncie, IN 47302 +1 (765) 288 - 0748
Fifth Third Bank & ATM 201 N Van Rensselaer St, Rensselaer, IN 47978 +1 (219) 866 - 7194
The Fountain Trust Company 615 3rd St, Covington, IN 47932 +1 (765) 793 - 2237

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Markleville, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Plainfield, IN, Payday Loan for Portage, IN, Payday Loans in Richmond, IN, Same Day Loans in South Bend, IN, Payday Loans in Terre Haute, IN, Payday Loan Companies in Valparaiso, IN, Short-term Loans in West Lafayette, IN and Online Loans in Westfield, 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 Markleville, IN.

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

46056

Are Payday Loans Legal In Markleville, 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%

Markleville, IN payday loan calculator

Payday Loans in Markleville, Indiana

If you’re facing a financial emergency, it’s easy to feel overwhelmed. Sometimes, you simply don’t have the time to wait for traditional bank loans or credit checks. That’s where payday loans can come in handy. In this article, we’ll go over everything you need to know about payday loans in Markleville, Indiana.

What are payday loans?

Payday loans are small, short-term loans that borrowers can use to cover an unexpected expense or emergency. These loans are typically due on the borrower’s next payday. In Indiana, payday loans are legal, but there are regulations in place to protect consumers.

How do payday loans work in Markleville, Indiana?

To qualify for a payday loan in Indiana, you must:

  • Be at least 18 years old
  • Have a valid government-issued ID
  • Provide proof of income
  • Have an active checking account

Once you have been approved for a payday loan, the funds can be transferred to your bank account within hours. When the loan is due, the lender will withdraw the amount borrowed plus interest and fees directly from your bank account.

What are the regulations around payday loans in Markleville, Indiana?

In Indiana, payday loans are regulated by the Indiana Department of Financial Institutions. The maximum amount you can borrow is $550 or 20% of your gross monthly income, whichever is less. The loan term must be between 14 and 30 days, and the maximum finance charge on a $100 loan for 14 days is $15.

What are the risks of payday loans?

While payday loans can be a helpful option for those facing a financial emergency, they also come with risks. The high fees and interest rates associated with payday loans can trap borrowers in a cycle of debt, where they borrow more money to pay off previous loans. This can lead to a never-ending cycle of debt that can be difficult to escape.

Interesting facts and statistics about payday loans in Markleville, Indiana

– In 2020, the Indiana Department of Financial Institutions reported that there were over 1 million payday loans made to Indiana residents, totaling over $385 million in loan volume.
– The average APR for payday loans in Indiana is 382%.
– The majority of payday loans are taken out by borrowers with low credit scores or no credit history.
– According to a survey by Bankrate, 78% of payday loan borrowers in the United States say they would delay paying other bills to pay off a payday loan.

Apply Now!

If you’re facing a financial emergency and need a payday loan in Markleville, Indiana, we can help. TheGuaranteedLoans is a connector service that can help connect you with potential lenders. Fill out our simple online application today to get started. Please note that we are not a direct lender and cannot guarantee loan approval.

Conclusion

Payday loans can be a helpful option for those facing financial emergencies, but it’s important to be aware of the risks associated with these loans. If you do decide to take out a payday loan, make sure you understand the terms and conditions and have a plan to pay it back on time. And remember, there are always alternatives to payday loans, such as borrowing from friends or family, seeking financial assistance from local charities, or working with a credit counseling agency.

F.A.Q.

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

Yes, if a borrower fails to repay a payday loan in Markleville, 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 Markleville, 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.