Payday Loans in Olmitz, Kansas

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

Company nameAddressZip codePhone number
Commerce Bank - CLOSED 310 E Centennial Dr., Pittsburg, KS 66762 +1 (620) 235 - 6329
Fast Payday Loans 2560 S Seneca St, Wichita, KS 67217 +1 (316) 267 - 2187
BNT Loans 431 New York Ave, Holton, KS 66436 +1 (785) 364 - 2785
Pay Day Loan 203 E St John St, Girard, KS 66743 +1 (620) 724 - 6543
GardaWorld 1371 Armory Rd, Salina, KS 67401 +1 (785) 823 - 2415
Bank of America with Drive-thru ATM 500 S West St, Wichita, KS 67213 +1 (316) 261 - 4242
LibertyX Bitcoin ATM 1980 S Range, Colby, KS 67701 +1 (800) 511 - 8940
Garden City Teachers Federal Credit Union 1601 E Kansas Ave, Garden City, KS 67846 +1 (620) 275 - 0131
MoneyGram 2940 Military Ave, Baxter Springs, KS 66713 +1 (620) 856 - 2136
Carquest Auto Parts - Southwest Kansas Sales LLC - Hugoton 528 S Main St, Hugoton, KS 67951 +1 (620) 544 - 8820

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Olmitz, KS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lenexa, KS, Payday Loan Companies in Manhattan, KS, Payday Loans in Olathe, KS, Payday Loans in Overland Park, KS, Payday Loans in Salina, KS, Same Day Loans in Shawnee, KS, Payday Loans in Topeka, KS and 24-Hour Loan 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 Olmitz, KS.

Beautiful sights of Olmitz, KS

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

67564

Are Payday Loans Legal In Olmitz, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Olmitz, 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 Olmitz, 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

Olmitz, KS payday loan calculator

Understanding Payday Loans in Olmitz, Kansas

In today’s economy, unexpected financial emergencies can arise at any time, leaving people in a bind. However, with payday loans available in Olmitz, Kansas, people can access quick cash to address pressing financial needs.

In this article, we will provide a comprehensive guide to payday loans in Olmitz, Kansas. We will discuss what payday loans are, what laws govern them in Kansas, how to qualify for them, the application process, and other important considerations.

What Are Payday Loans?

Payday loans, also known as cash advances, are small, short-term loans that people can use to cover unexpected expenses when they are short on cash. These loans are typically due on the borrower’s next payday, which is where they get their name.

Payday loans are popular because they are easy to obtain and don’t require a credit check. This makes them a popular choice for people who have poor credit scores or who are unable to get a traditional bank loan.

Payday Loans in Kansas

While payday loans are legal in Kansas, the state has enacted certain laws and regulations to protect consumers from predatory lending practices. For example, payday loans in Kansas cannot exceed $500, and the term of the loan cannot be longer than 30 days.

Additionally, lenders are required to disclose the terms and conditions of the loan, including the interest rate and any fees or charges. They must also provide a schedule of payments and inform borrowers of their right to rescind the loan within two business days.

Qualifying for a Payday Loan

In order to qualify for a payday loan in Olmitz, Kansas, you must meet certain requirements. These typically include:

  • Being at least 18 years old
  • Having a valid government-issued ID
  • Having a source of income, such as a job or government benefits
  • Having an active checking account

It is important to note that payday loans are intended to be a short-term solution for emergency cash needs. They are not intended to be a long-term financial solution or used to pay off other debts.

The Application Process

The application process for a payday loan is typically quick and straightforward. It typically involves the following steps:

  1. Fill out an application: You can typically apply for a payday loan online, over the phone, or in person at a lender’s store.
  2. Provide documentation: You will need to provide proof of income, such as a pay stub or bank statement, as well as personal and banking information.
  3. Receive approval: Once you have submitted your application and provided all required documentation, the lender will review your application and notify you of the approval status.
  4. Receive funds: If you are approved for a payday loan, the funds will typically be deposited directly into your bank account within one business day.

Important Considerations

While payday loans can be a useful tool for addressing emergency financial needs, they are not without risks. Some important considerations to keep in mind include:

  • High interest rates and fees: Payday loans typically come with high interest rates and fees, which can make them an expensive way to borrow money.
  • Debt trap: If you are unable to pay back your payday loan on time, you may find yourself trapped in a cycle of debt as the lender rolls over your loan or extends the repayment period.
  • Alternatives: Before taking out a payday loan, it is important to explore other options, such as borrowing from family or friends, negotiating with creditors, or applying for government assistance.

Interesting Facts and Statistics about Payday Loans in Kansas

Here are some verified facts and statistics about payday loans in Kansas:

  • In 2019, Kansans took out more than 685,000 payday loans, with an average loan amount of $310.
  • Payday loans in Kansas can carry interest rates as high as 391% APR.
  • The average payday loan borrower in Kansas takes out eight loans per year.

Apply Now

If you are in need of emergency cash and meet the qualifications for a payday loan in Olmitz, Kansas, consider applying with TheGuaranteedLoans. Our online application process is quick and easy, and we can connect you with potential lenders who can provide the funds you need.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We are committed to providing our customers with a safe and trustworthy way to access the cash they need, while meeting all state and federal regulations governing payday loans in Olmitz, Kansas.

Apply now and get the cash you need today!

F.A.Q.

Are there alternatives to payday loans in Olmitz, Kansas?

Yes, there are alternatives to payday loans in Olmitz, 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 Olmitz, Kansas?

Yes, you can extend or renew your payday loan in Olmitz, 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.