Payday Loans in Melvern, Kansas

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

Company nameAddressZip codePhone number
Gerber Collision & Glass 5617 W Kellogg Ave, Wichita, KS 67209 +1 (316) 945 - 7007
Union State Bank 2100 Pike Rd, Winfield, KS 67156 +1 (620) 221 - 3040
Sunflower Bank 120 W Kansas Ave, McPherson, KS 67460 +1 (620) 241 - 1220
RFC 4230 S Broadway St, Wichita, KS 67216 +1 (316) 522 - 0100
Brookdale Dodge City 2400 N 14th Ave, Dodge City, KS 67801 +1 (620) 225 - 7555
LendNation 1401 W 6th St, Lawrence, KS 66044 +1 (785) 832 - 1500
Commercial Bank 1901 Main St, Parsons, KS 67357 +1 (620) 421 - 1000
First Fulton Finance 1209 E Fulton St, Garden City, KS 67846 +1 (620) 260 - 9113
Kansas Teachers Credit Union 112 N 10th St, Independence, KS 67301 +1 (620) 331 - 6904
First Option Bank Louisburg 103 S Broadway St, Louisburg, KS 66053 +1 (913) 557 - 0800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Melvern, KS, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Lenexa, KS, Payday Loan Without a Credit Check in Manhattan, KS, Payday Loans in Olathe, KS, Short-term Loans in Overland Park, KS, Payday Loans in Salina, KS, No Credit Check Loans in Shawnee, KS, Quick Loan in Topeka, KS and Payday Loans in Wichita, 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 Melvern, KS.

Beautiful sights of Melvern, KS

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

66510

Are Payday Loans Legal In Melvern, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Melvern, 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 Melvern, 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

Melvern, KS payday loan calculator

Payday Loans in Melvern, Kansas: Everything You Need to Know

Payday loans are a common financial tool that offers a quick fix for their cash-strapped consumers who may not have access to other forms of loans. However, payday loans can come with potential risks and high interest rates. If you are considering payday loans in Melvern, Kansas, you must educate yourself to make an informed decision. In this article, we will provide a comprehensive overview of payday loans in Melvern, Kansas, including its benefits, drawbacks, and how to access them.

What Are Payday Loans?

Payday loans are short-term loans that offer a small amount of money lent at a high-interest rate with the agreement that the borrower will pay back the loan with their next paycheck. Often referred to as cash advances or paycheck advances, payday loans can be a quick financial solution for individuals who need immediate cash.

However, payday loans come with an exceptionally high-interest rate, and the repayment period is short. Due to these high-interest rates, payday loans can become difficult to manage, and the borrower may find themselves in a cycle of debt.

Benefits of Payday Loans in Melvern, Kansas

  • Quick and Convenient Access to Cash
  • Minimal Credit Check Requirements
  • No Collateral is Required
  • Approval Process is Fast and Simple
  • Payday Loans can Boost Your Credit Score if Repaid on Time

While payday loans may have some benefits, it is essential to understand the potential drawbacks before applying for payday loans in Melvern, Kansas.

Drawbacks of Payday Loans in Melvern, Kansas

  • High-Interest Rates and Fees
  • Debt Trap Cycle
  • Legal Consequences for Non-payment
  • Unregulated Lending Market

It’s crucial to understand the drawbacks associated with payday loans before making a decision. The high-interest rates and fees associated with payday loans can lead to additional financial strain. As a borrower, you must carefully consider your financial situation before taking out a payday loan.

Interesting facts about Payday Loans in Melvern, Kansas

  • In 2019, Kansas payday lenders charged borrowers an average of 391% annual percentage rate(APR) on loans.
  • The average payday loan amount in Kansas is $319.
  • 15.5% of Kansas households have used payday loans in the past five years.

How to Access Payday Loans in Melvern, Kansas

Payday loans in Melvern, Kansas, are legal, and there are several ways to access them, including online applications, storefront lenders, and lenders located in neighboring states. One of the most convenient ways to access payday loans is through online applications. At TheGuaranteedLoans, we are an online connecting service that helps you find the best payday loans in Melvern, Kansas. With TheGuaranteedLoans, you can access a network of trusted and verified lenders without worrying about scam lenders.

Apply Now

If you need a quick financial solution, apply for payday loans in Melvern, Kansas, through TheGuaranteedLoans. Our team will work with you to connect you with trusted lenders that meet your financial needs. Our online application process is fast, easy, and hassle-free. Fill in the application form on our website today and get approved in no time!

Please note that as a connecting service, TheGuaranteedLoans does not offer direct loans. We only facilitate your connection with potential lenders and do not make credit decisions. Please read our terms and conditions carefully before applying for a loan.

Conclusion

Payday loans in Melvern, Kansas are a quick solution for individuals in urgent need of cash. However, the high-interest rates, and short repayment period associated with payday loans, can lead to additional financial strain. Before applying for payday loans in Melvern, Kansas, it’s essential to understand both the benefits and drawbacks. At TheGuaranteedLoans, we are committed to helping you find the best payday loans without putting you under further financial burden. We hope this article has been helpful in informing your decision.

F.A.Q.

Are there any restrictions on how payday loan lenders in Melvern, Kansas can advertise their services?

Yes, payday loan lenders in Melvern, Kansas are subject to certain restrictions on their advertising practices. For example, they are prohibited from using false or misleading statements, and must clearly disclose the terms and conditions of their loans, including the fees and interest charges.

Can payday loan lenders in Melvern, Kansas garnish my wages if I default on my loan?

Yes, payday loan lenders in Melvern, Kansas have the right to garnish your wages if you default on your loan. However, they must first obtain a judgment from the court, and the amount garnished cannot exceed 25% of your disposable income.