Payday Loans in Elk City, Kansas

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No payday loan companies in Elk City, KS. Consider companies in other cities:

Company nameAddressZip codePhone number
Pyramid Abstract Co Inc 208 E 2nd St, Oakley, KS 67748 +1 (785) 671 - 4285
Stifel 4910 Corporate Centre Dr STE 104, Lawrence, KS 66047 +1 (785) 842 - 7800
Check `n Go 1009 W 6th St, Junction City, KS 66441 +1 (785) 223 - 6100
INTRUST Bank 112 7th St, Augusta, KS 67010 +1 (316) 383 - 3340
SEK Financial 399 E Hudson Rd, Fort Scott, KS 66701 +1 (620) 223 - 5756
Money Mart 909 W 11th St C, Coffeyville, KS 67337
Cash Quick Helping Hand 1616 E 11th Ave, Hutchinson, KS 67501 +1 (620) 662 - 8999
Equity Bank 106 S Adams St, Grinnell, KS 67738 +1 (785) 824 - 3291
Community National Bank & Trust 501 E 4th Ave, Caney, KS 67333 +1 (620) 879 - 5500
UMB Bank with drive-thru services 320 Commercial St, Atchison, KS 66002 +1 (913) 360 - 6060

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Elk City, KS, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Leawood, KS, Payday Loan Companies in Lenexa, KS, Payday Loans in Manhattan, KS, Payday Loans in Olathe, KS, Payday Loans in Overland Park, KS, Emergency Loan in Salina, KS, Bad Credit Loans in Shawnee, KS and Payday Loan Companies in Topeka, KS. 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 Elk City, KS.

Beautiful sights of Elk City, KS

Payday Loans Available in Elk City, KS By The Following ZIP Codes:

67344

Are Payday Loans Legal In Elk City, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Elk City, Kansas residents may only be for $500 for the first loan and $300 for each additional loan. The lender must give a monthly statement in which the borrower will see how much money was borrowed, how much was repaid, and how much the total cost of the loan is. The Kansas Finance Charge on payday loans is a standard $15 per $100 borrowed. The APR for payday loans in Elk City, Kansas is 391%.

Multiple payday advances are not allowed and banks cannot make loans to the same borrower for more than $500 on the borrower’s written agreement. There must be at least 7 days between successive loans and the lender must return a payment made before deducting finance charges if the lender could not reasonably have expected the advance to be paid.

Kansas Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)391
Maximum Loan Amount$500
Minimum Loan Term7 days
Maximum Loan Term30 days
Number of Rollovers AllowedNot specified
Finance Charges15% of the amount advanced

Elk City, KS payday loan calculator

Understanding Payday Loans in Elk City, Kansas

When an unexpected expense pops up, it can put a major strain on your finances. This is where payday loans come in – they offer a quick, short-term solution to help you cover those unexpected costs. In Elk City, Kansas, payday loans are legal and available to those who need them. But before you consider taking out a payday loan, it’s important to understand how they work and the potential risks involved.

How Payday Loans Work

Payday loans are designed as a short-term lending solution to help you get through a financial emergency. To qualify for a payday loan, you must provide proof of income and have a valid checking account. The lender will then loan you the money you need, with the agreement that you will pay it back in full on your next payday.

The loan amount is typically small – ranging from a few hundred dollars to a few thousand dollars – and the interest rates are high. In Elk City, Kansas, payday lenders can legally charge up to 15% interest on loans of $100 or less, and up to 30% interest on loans between $100 and $500. For loans over $500, the interest rate is capped at 15%.

The Risks of Payday Loans

While payday loans can be a helpful solution in a financial emergency, they also come with risks. The high interest rates can quickly add up, making it difficult to pay back the loan in a timely manner. This can lead to a cycle of debt, where you take out another loan to cover the first one and continue paying high interest rates.

Additionally, some lenders may engage in unethical or predatory lending practices, such as charging hidden fees or encouraging borrowers to take out larger loans than they can afford to repay. It’s important to carefully read the terms and conditions of a payday loan before signing on the dotted line.

Applying for a Payday Loan with TheGuaranteedLoans

At TheGuaranteedLoans, we understand that unexpected expenses can put a major strain on your finances. That’s why we offer a simple and easy way to connect with potential payday lenders in Elk City, Kansas. Simply fill out our online application, and we will match you with a lender who may be able to provide you with the loan you need.

It’s important to note that we are not a direct lender – we are a connector service that connects borrowers with potential lenders. We do not charge any fees for this service, and we do not have any control over the terms and conditions of the loan you are offered. It’s important to carefully read the terms and conditions of any loan before accepting it.

Interesting Facts and Statistics about Payday Loans in Elk City, Kansas

  • According to the Kansas Office of the State Bank Commissioner, there were 326 licensed payday lenders in the state of Kansas as of 2020.
  • The average payday loan in Kansas is $392, with an average interest rate of 391%.
  • In 2019, Kansas borrowers took out 685,000 payday loans, with a total loan amount of $267 million.
  • The average payday loan borrower in Kansas takes out 8 loans per year, with an average loan amount of $347.

Apply Now for a Payday Loan in Elk City, Kansas

If you’re facing an unexpected expense and need a payday loan in Elk City, Kansas, TheGuaranteedLoans is here to help. Our simple and easy online application can connect you with potential lenders who may be able to provide you with the loan you need. Don’t let a financial emergency hold you back – apply now and get the funds you need to get back on track.

F.A.Q.

Can I file for bankruptcy to discharge my payday loan debt in Elk City, Kansas?

Yes, you can file for bankruptcy to discharge your payday loan debt in Elk City, Kansas. However, keep in mind that bankruptcy is a serious decision that can have long-term consequences on your credit and financial situation. It is recommended to explore all other options before considering bankruptcy.

Are there any protections for military members in Elk City, Kansas when it comes to payday loans?

Yes, there are special protections for military members in Elk City, Kansas when it comes to payday loans. For example, lenders are prohibited from charging more than 36% annual interest on loans to active duty military members and their dependents.