Payday Loans in Morris, Indiana

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Jill Plante Fairway Independent Mortgage Corporation Mortgage Specialist 8200 Haverstick Road, Suites 115 & 255, Indianapolis, IN 46240 +1 (765) 491 - 6727
University of Notre Dame: 1st Source Bank 21 Lafortune Student Center, Notre Dame, IN 46556 +1 (574) 631 - 1010
First Financial Bank 600 S Memorial Dr, New Castle, IN 47362 +1 (765) 529 - 7220
First Farmers Bank & Trust 123 N Jefferson St, Converse, IN 46919 +1 (765) 395 - 3316
Crossroads Bank 526 W Connexion Way, Columbia City, IN 46725 +1 (260) 248 - 2265
Byline Bank 9449 Priority Way W Dr 220, Indianapolis, IN 46240 +1 (317) 983 - 3379
Springs Valley Bank & Trust Company 865 3rd Ave, Jasper, IN 47546 +1 (812) 634 - 1010
Huntington County FCU 1885 Old U.S. 24, Huntington, IN 46750 +1 (260) 356 - 6400
The Farmers Bank 219 Main St, Michigantown, IN 46057 +1 (765) 249 - 2216
Indiana Members Credit Union 1073 W Jefferson St, Franklin, IN 46131 +1 (317) 474 - 6325

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Morris, IN, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Gary, IN, Payday Loans in Goshen, IN, Payday Loans in Granger, IN, No Credit Check Loans in Greenwood, IN, Same Day Loans in Guilford, IN, Short-term Loans in Hammond, IN, Short-term Loans in Indianapolis, IN and Online Loans in Jeffersonville, 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 Morris, IN.

Are Payday Loans Legal In Morris, 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%

Morris, IN payday loan calculator

Payday Loans in Morris, Indiana: What You Need to Know

Payday loans are often seen as a quick and easy solution to financial troubles, but they come with high interest rates and fees. It’s important to understand the laws and regulations surrounding payday loans before deciding if they’re the right option for you. Here’s what you need to know about payday loans in Morris, Indiana.

How do payday loans work?

Payday loans are short-term loans that are typically due on your next payday. They’re designed to help you cover unexpected expenses or bridge the gap between paychecks. To apply for a payday loan, you must provide proof of income and a post-dated check or electronic debit authorization to cover the amount of the loan plus fees and interest. The lender will then give you cash or deposit the money into your bank account.

While payday loans are easy to obtain, their interest rates and fees can be quite high. In Indiana, payday lenders can charge up to 15% in interest for each $100 borrowed, with a maximum finance charge of $15 for every $100 borrowed. This means that if you borrow $500, you could end up paying back $575 or more depending on the lender’s fees.

Are payday loans legal in Indiana?

Yes, payday loans are legal in Indiana. However, the state has put in place several regulations to protect consumers from high fees and interest rates. For example, lenders are required to have a state-issued license to operate, and they must disclose the terms of the loan to borrowers in writing before completing the transaction.

Additionally, Indiana law prohibits lenders from rolling over payday loans, which means they can’t extend the due date of the loan by charging additional fees. This is designed to prevent borrowers from getting trapped in a cycle of debt where they borrow more to pay off an existing payday loan.

What are the risks of payday loans?

While payday loans may seem like a convenient way to get money quickly, they come with several risks. For one, they can be very expensive, with interest rates and fees that can add up quickly. This can make it hard to pay back the loan on time, leading to additional fees and potentially damaging your credit score.

Additionally, lenders may require you to provide access to your bank account or post-dated checks, which can be risky. If you don’t have enough money in your account to cover the loan, you could be hit with overdraft fees and other charges. Furthermore, some lenders may attempt to withdraw money from your account multiple times, leading to additional fees and potential legal action.

Interesting Facts about Payday Loans in Morris, Indiana

  • As of 2019, there were over 500 payday lenders operating in Indiana.
  • The average payday loan in Indiana is $390, with an average interest rate of 391%.
  • Indiana is one of 32 states that allow payday lending.
  • In 2018, Indiana lawmakers proposed a bill that would have capped interest rates on payday loans at 36%. However, the bill did not pass.

Apply Now

If you need a payday loan in Morris, Indiana, TheGuaranteedLoans is here to help. We are a connector service that can connect you with potential lenders who may be able to provide the funds you need. Simply fill out our online application to get started. Please note that we are not a direct lender and do not make credit decisions. We simply facilitate the connection between you and potential lenders.

Conclusion

Payday loans can be a quick and easy way to get cash when you need it, but they’re not without risks. If you’re considering a payday loan in Morris, Indiana, it’s important to understand the laws and regulations surrounding these loans and to shop around for the best rates and terms. Remember that payday loans should only be used as a last resort, and that there are other alternatives available such as personal loans, credit cards, and assistance programs.

F.A.Q.

What are the maximum loan amounts and fees for payday loans in Morris, Indiana?

in Morris, Indiana, the maximum loan amount for a payday loan is $550, with a maximum fee of 15% of the loan amount.

Are there any restrictions on the number of payday loans that can be taken out in Morris, Indiana?

Yes, in Morris, Indiana, borrowers are limited to taking out no more than two payday loans at a time.