Payday Loans in Mound Valley, Kansas

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

Company nameAddressZip codePhone number
Bank of the West 700 S Main St, Ottawa, KS 66067 +1 (785) 242 - 2804
Kelly R Drummond Fairway Independent Mortgage Corporation Loan Officer 5640 SW 29th St, Topeka, KS 66614 +1 (785) 379 - 3829
Farmers State Bank 601 Main St, Jetmore, KS 67854 +1 (620) 357 - 8324
Thrivent Financial-Lutherans 2015 Forest Ave 100, Great Bend, KS 67530 +1 (620) 792 - 3120
Money Mart 2520 S 9th St, Salina, KS 67401 +1 (785) 823 - 2525
Great Southern Bank 34102 Commerce Dr Suite A, De Soto, KS 66018 +1 (913) 583 - 3004
BTI Bucklin 115 W Railroad St, Bucklin, KS 67834 +1 (620) 826 - 3271
RCB Bank 305 S Forrest St, Douglass, KS 67039 +1 (316) 747 - 2106
Peoples State Bank 200 W Main St, Cherryvale, KS 67335 +1 (620) 336 - 2105
Farm Credit of Southwest Kansas 1501 Soule St, Dodge City, KS 67801 +1 (620) 227 - 8211

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mound Valley, KS, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Shawnee, KS, Emergency Loan in Topeka, KS, Payday Loans in Wichita, KS, Payday Loans in Hutchinson, KS, Payday Loan for Kansas City, KS, Payday Loan Without a Credit Check in Lawrence, KS, Emergency Loan in Leavenworth, KS and Payday Loan Without a Credit Check in Leawood, 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 Mound Valley, KS.

Beautiful sights of Mound Valley, KS

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

67354

Are Payday Loans Legal In Mound Valley, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Mound Valley, 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 Mound Valley, 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

Mound Valley, KS payday loan calculator

Payday Loans in Mound Valley, Kansas

Introduction

Payday loans are a convenient way to get quick cash when you are in a financial bind. In Mound Valley, Kansas, payday loans are lawful, meaning that you can find payday loan lenders in the area easily. However, before you take out a payday loan, it’s important to understand the basics of how they work, the benefits and drawbacks of payday loans, and the applicable laws that could impact your decision.

How Do Payday Loans Work?

Payday loans are short-term loans that typically must be repaid on the borrower’s next payday. The loan is usually for a small amount, ranging from $100 to $1,000. The application process for a payday loan is simple and easy. You fill out an application, provide proof of income, and if everything checks out, the lender will give you the cash.

Benefits of Payday Loans

The primary benefit of payday loans is that they offer quick access to money. They require minimal documentation and are usually approved within hours. Payday loans don’t require good credit, which makes them more accessible for people who have low credit scores.

Another advantage of payday loans is that they are unsecured loans. This means that you don’t need to put up any collateral to secure the loan. If you can’t pay back the loan, the lender won’t repossess any of your personal property.

Drawbacks of Payday Loans

The main disadvantage of payday loans is the high-interest rate. Because payday loans are unsecured and don’t require good credit, lenders charge high-interest rates to compensate for the higher risk they take on.

The fees for payday loans can also add up quickly. Lenders will charge fees for processing the loan, and if you can’t pay back the loan on time, you may incur late fees or other charges.

Payday Loan Laws in Mound Valley, Kansas

Payday loans are legal in the state of Kansas, but there are restrictions on the number of loans you can take out at one time. The state also regulates the maximum amount you can borrow and the length of the loan term.

In Kansas, you can borrow up to $500 for a period of seven to 30 days. The lender can charge a maximum of 15% for the loan, which means that if you borrow $300, you will end up paying a total of $345 to the lender.

Interesting Facts about Payday Loans in Mound Valley, Kansas

  • The average payday loan borrower in Kansas takes out eight loans per year.
  • The majority of payday loan borrowers in Kansas are women.
  • Kansas has the highest concentration of payday loan lenders per capita in the United States.

Apply Now

If you’re considering taking out a payday loan in Mound Valley, Kansas, TheGuaranteedLoans can help. We are a connector service that can link you with potential lenders who can provide you with the cash you need. Our loan application process is quick and easy, and you can get started on our website right away.

Remember, payday loans are a short-term solution for your financial needs. Make sure you can pay back the loan on time and in full to avoid high fees and interest rates.

F.A.Q.

Are there alternatives to payday loans in Mound Valley, Kansas?

Yes, there are alternatives to payday loans in Mound Valley, Kansas, such as borrowing from friends or family, applying for a small personal loan from a bank or credit union, or seeking assistance from a nonprofit organization.

Can I extend or renew my payday loan in Mound Valley, Kansas?

Yes, you can extend or renew your payday loan in Mound Valley, Kansas, but keep in mind that this will result in additional fees and interest charges. It is recommended to only consider this option if you are unable to repay the loan on time and have no other options available.