Payday Loans in McFarland, Kansas

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

Company nameAddressZip codePhone number
American Implement 843 E, KS-51, Hugoton, KS 67951 +1 (620) 544 - 4351
Advance America 1303 S Santa Fe Ave, Chanute, KS 66720 +1 (620) 432 - 5289
Hometown Auto Credit LLC 425 E Main St, Osawatomie, KS 66064 +1 (913) 256 - 3000
Check `n Go 2540 Iowa St l, Lawrence, KS 66046 +1 (785) 832 - 1639
Farm Bureau Financial Services: Danielle Bishop 250 N Rock Rd Ste 300I, Wichita, KS 67206 +1 (316) 687 - 0255
U.S. Bank ATM - South Plaza 2701 Iowa St, Lawrence, KS 66046 +1 (800) 872 - 2657
Enterprise Rent-A-Car 401 S Broadway St, Pittsburg, KS 66762 +1 (620) 231 - 2100
Advanced Checking Kansas 2201 SW Gage Blvd # 12, Topeka, KS 66614 +1 (785) 271 - 0081
Mr Payroll 400 E Wyatt Earp Blvd, Dodge City, KS 67801 +1 (620) 225 - 2144
Cash-2-Go 2400 S N Main St, Fort Scott, KS 66701 +1 (620) 223 - 2291

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in McFarland, KS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Wichita, KS, Payday Loans in Hutchinson, KS, Emergency Loan in Kansas City, KS, Payday Loans in Lawrence, KS, Payday Loans in Leavenworth, KS, Short-term Loans in Leawood, KS, Short-term Loans in Lenexa, KS and Same Day Loans in Manhattan, 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 McFarland, KS.

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

66501

Are Payday Loans Legal In McFarland, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to McFarland, 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 McFarland, 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

McFarland, KS payday loan calculator

Payday Loans in McFarland, Kansas: What You Need to Know

Payday loans are an option for those looking for short-term loans in McFarland, Kansas. These loans are small-dollar, high-interest loans that typically require repayment within two weeks. While they can be a helpful tool for those in need of quick cash, they can also be risky for consumers who aren’t able to repay the loan on time. Keep reading to learn all about payday loans in McFarland, Kansas, including their regulations, benefits, and potential downsides.

Regulations on Payday Loans in McFarland, Kansas

Payday loans are legal in the state of Kansas, including McFarland. However, there are regulations that govern payday lending in the state. The maximum amount a consumer can borrow on a payday loan is $500, and the loan term cannot exceed 30 days. Additionally, the finance charge on the loan cannot exceed 15% of the total loan amount, and the APR on a 14-day $100 loan can’t exceed 390%.

It’s important to remember that while payday loans are legal, they can be risky for those who aren’t able to repay the loan on time. If the loan isn’t repaid on time, the borrower can end up in a cycle of debt that can be difficult to escape from. It’s important to only take out a payday loan if you’re certain you can repay the loan on time.

The Benefits of Payday Loans in McFarland, Kansas

Despite the potential risks of payday loans, they can be a helpful tool for those in need. The application process is typically quick and easy, and you can often receive the funds you need within a day. Additionally, payday loans don’t require a credit check, making them an option for those with poor credit. For some, payday loans can be a lifeline in an emergency situation.

The Potential Downsides of Payday Loans in McFarland, Kansas

Despite their benefits, payday loans can also be risky for consumers who aren’t able to repay the loan on time. The high interest rates and short loan terms can make it difficult to repay the loan without incurring additional fees. Additionally, if the loan isn’t repaid on time, the borrower can end up in a cycle of debt that can be difficult to escape from. It’s important to weigh the potential benefits and risks of payday loans before taking out a loan.

Interesting Facts and Statistics about Payday Loans in McFarland, Kansas

  • Kansas has some of the loosest laws surrounding payday loans, making it a popular state for payday lenders.
  • On average, payday loan borrowers in Kansas take out 12 loans per year.
  • In 2019, the average interest rate on a payday loan in Kansas was 391%.
  • According to a 2018 survey, 58% of payday loan borrowers in Kansas reported taking out a loan to cover basic expenses like rent and utilities.

Apply Now

If you’re in need of a payday loan in McFarland, Kansas, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we’ll work to find lenders who can meet your specific needs and budget. It’s important to remember that TheGuaranteedLoans is a connector service and not a direct lender. We’ll facilitate your connection with potential lenders, but the loan agreement will be between you and the lender we connect you with. Apply today to get started!

Remember, payday loans can be a risky option. Be sure to weigh the potential benefits and risks before taking out a loan.

F.A.Q.

Can a payday lender garnish my wages in McFarland, Kansas if I default on my loan?

Yes, if you default on your payday loan in McFarland, Kansas, the lender may be able to garnish your wages to recover the funds. This means that a portion of your paycheck will be withheld and used to pay off your debt.

Can a payday lender seize my assets in McFarland, Kansas if I default on my loan?

No, a payday lender cannot seize your assets in McFarland, Kansas if you default on your loan. However, the lender may be able to take legal action to recover the funds, which could include wage garnishment or other consequences.