Payday Loans in West Newton, Indiana

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

Company nameAddressZip codePhone number
Check Into Cash 4672 US-41 #4, Terre Haute, IN 47802 +1 (812) 235 - 0542
Cash In A Flash 1821 E 37th Ave, Hobart, IN 46342 +1 (219) 947 - 1606
First National Bank of Monterey 556 US-35, Winamac, IN 46996 +1 (574) 946 - 6641
Cashland 702 S Ironwood Dr, Mishawaka, IN 46544 +1 (574) 254 - 0267
Chiphone Federal Credit Union 403 W Crystal Valley Dr, Middlebury, IN 46540 +1 (574) 825 - 7883
A-Z Exchange 1818 Elmwood Ave, Lafayette, IN 47904 +1 (765) 449 - 1600
Check n Go 640 U.S. Hwy 31 N South, Greenwood, IN 46143 +1 (317) 884 - 3560
TCU 201 Co Rd 6, Elkhart, IN 46514 +1 (574) 206 - 0010
Capital Plus Credit Union 616 Buckeye St, North Vernon, IN 47265 +1 (812) 346 - 5533
Check Into Cash 1924 Northwood Plaza, Franklin, IN 46131 +1 (317) 346 - 0067

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in West Newton, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gary, IN, No Credit Check Loans in Goshen, IN, Payday Loans in Granger, IN, Payday Loans in Greenwood, IN, Payday Loans in Guilford, IN, Emergency Loan in Hammond, IN, Bad Credit Loans in Indianapolis, IN and Payday 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 West Newton, IN.

Are Payday Loans Legal In West Newton, 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%

West Newton, IN payday loan calculator

Payday Loans in West Newton, Indiana

Payday loans are a type of short-term loan designed to provide quick cash to individuals in need of emergency funds. These loans can be useful in certain situations but come with high interest rates and fees that can make it challenging to pay them back. In the state of Indiana, payday loans are legal, but borrowers need to understand the regulations before taking one out. In this article, we will discuss payday loans in West Newton, Indiana, and provide advice for those considering borrowing from a payday lender.

Understanding the basics of payday loans

Payday loans refer to borrowing a small amount of money for a short period, usually until the next payday. To qualify for a payday loan, borrowers need to show proof of income and a valid ID. Once approved, the borrower receives the funds, and they are expected to repay the loan plus interest and fees on their next payday.

Payday loans can be a quick solution for those in need of cash but come with sky-high interest rates and fees that can trap borrowers in a cycle of debt. In Indiana, payday lenders are regulated by the Indiana Department of Financial Institutions. Lenders can charge up to $15 for every $100 borrowed, and loans cannot exceed $550 or 20% of the borrower’s gross monthly income. Additionally, lenders are required to provide a repayment plan if the borrower cannot repay the loan within the agreed-upon timeframe.

What to consider before taking out a payday loan

Before taking out a payday loan, borrowers should consider their options and think carefully about whether they can repay the loan on time. Payday loans come with significant risks, and borrowers who cannot repay their loans can face high penalties and fees. Alternative options, such as borrowing from family or friends or seeking assistance from a nonprofit organization, may be a better choice.

It’s also important to understand the terms of the loan and the fees involved. Payday loans come with high interest rates and fees that can make it challenging to pay them back on time. Indiana law requires lenders to disclose the full cost of borrowing, including fees and interest rates, so borrowers should read the fine print carefully.

Payday loans in West Newton, Indiana: Interesting Facts and Statistics

  • As of 2021, the population of West Newton was 780, according to the United States Census Bureau.
  • According to a report by the Indiana Institute for Working Families, Indiana residents took out nearly 1.2 million payday loans in 2019, with an average loan amount of $414.
  • The same report found that payday lenders in Indiana collected more than $70 million in fees and interest in 2019 alone.

Apply now for a payday loan in West Newton, Indiana

If you’ve considered your options and decided that a payday loan is the right choice for you, TheGuaranteedLoans can help you find a lender in West Newton, Indiana. As a connector service, we work with a network of trusted lenders who can provide quick and convenient access to emergency funds. Apply now, and we’ll help you find a lender that fits your needs.

Please note that TheGuaranteedLoans is not a direct lender and does not make credit decisions. We are a connector service that facilitates the connection between borrowers and potential lenders. Loan terms, including interest rates and fees, are determined solely by the lender and based on the borrower’s creditworthiness, income, and other factors.

F.A.Q.

What should I do if I am having trouble repaying my payday loan in West Newton, Indiana?

If you are having trouble repaying your payday loan in West Newton, Indiana, it is important to communicate with the lender and try to work out a repayment plan. You may also want to seek advice from a financial counselor or legal professional.

Are there any alternatives to payday loans in West Newton, Indiana?

Yes, there are several alternatives to payday loans in West Newton, Indiana, including credit unions, community banks, and online lending platforms. These options may offer lower interest rates and more flexible repayment terms.