Payday Loans in Peabody, Kansas

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

Company nameAddressZip codePhone number
Meritrust Credit Union - Lawrence 650 Congressional Dr, Lawrence, KS 66049 +1 (785) 856 - 7878
Saline County Teachers CU 631 E Crawford St 207, Salina, KS 67401 +1 (785) 827 - 7349
Mike's Rent To Own 110 W Commercial St, Lyons, KS 67554 +1 (620) 257 - 2777
Perfect Payday Loan 6709 W 119th St, Overland Park, KS 66209 +1 (866) 829 - 4551
Check Into Cash 2829 10th St, Great Bend, KS 67530 +1 (620) 793 - 8423
American Bank of Baxter Springs 1201 Military Ave, Baxter Springs, KS 66713 +1 (620) 856 - 2301
Sunflower Bank ATM 400 S Santa Fe Ave, Salina, KS 67401 +1 (888) 827 - 5564
Citizens National Bank 2115 M St, Belleville, KS 66935 +1 (785) 527 - 2219
Walmart Money Center 18631 West Kellogg Drive Supercenter 3103, 18631 W Kellogg Dr, Goddard, KS 67052 +1 (316) 347 - 2092
U.S. Bank ATM - 5th & Jackson 434 SW Jackson St, Topeka, KS 66603 +1 (785) 354 - 4050

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Peabody, KS

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

66866

Are Payday Loans Legal In Peabody, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Peabody, 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 Peabody, 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

Peabody, KS payday loan calculator

The Ins and Outs of Payday Loans in Peabody, Kansas

Payday loans, also known as cash advances or paycheck advances, are short-term loans intended to help people bridge the gap between paychecks. They offer a quick and easy solution to unexpected expenses or emergencies that arise before payday. In Peabody, Kansas, payday loans are legal and regulated by state law.

How Payday Loans Work in Peabody

The payday loan process in Peabody is simple:

  • Borrowers submit an application either in person at a payday lending storefront or online.
  • Lenders review the application and can offer loan amounts up to $500.
  • The borrower provides proof of income and a post-dated check or authorization for an electronic debit from their bank account for the loan amount plus fees.
  • The loan is typically due on the borrower’s next payday, usually two to four weeks after the loan is issued.

It’s important to note that payday loans in Kansas are subject to certain regulations. Lenders are required to disclose all fees and interest rates in writing before the borrower enters into the loan transaction. Additionally, the loan term cannot exceed 30 days, and the borrower may only take out one loan at a time. The maximum interest rate allowed by law is 15% for the first $300 borrowed, and 10% for any additional amounts up to $500.

Pros and Cons of Payday Loans

Like any financial product, payday loans have both pros and cons.

Pros:

  • Quick and easy access to cash in emergencies or unexpected circumstances
  • No credit check needed
  • Generally accessible to individuals with poor credit or no credit history

Cons:

  • High interest rates and fees
  • Short repayment period can lead to a cycle of debt if not paid on time
  • Can be a more expensive option compared to other types of credit

Interesting Facts and Statistics About Payday Loans in Peabody, Kansas

  • In Kansas, payday lending generates approximately $267 million in annual revenue for lenders.
  • The average loan amount is $350, with average fees of $50 per loan.
  • In 2019, there were roughly 1.7 million payday loans issued in Kansas.
  • Approximately 14% of Kansans live below the poverty line, and payday loans can often be a more accessible form of credit for these individuals.

Apply Now for Payday Loans in Peabody, Kansas

If you find yourself in need of a payday loan in Peabody, Kansas, TheGuaranteedLoans is here to help. We are a lender-connection service dedicated to helping individuals find reputable lenders who can meet their financial needs. Our online application process is simple and secure, and qualified borrowers can receive funding in as little as one business day.

Please note, TheGuaranteedLoans is not a direct lender and does not issue loans. Instead, we connect borrowers with potential lenders who can provide the financial assistance they need. We encourage all applicants to review their loan documents carefully, including all fees and interest rates, before signing or agreeing to any loan terms.

Don’t let unexpected expenses or emergencies catch you off guard. Apply now for a payday loan in Peabody, Kansas with TheGuaranteedLoans and get the help you need.

F.A.Q.

Can I be charged with fraud for not being able to repay a payday loan in Peabody, Kansas?

No, you cannot be charged with fraud for not being able to repay a payday loan in Peabody, Kansas. However, if you intentionally provide false information on your loan application, you may be subject to criminal charges.

Can I be charged with a crime for taking out a payday loan in Peabody, Kansas?

No, taking out a payday loan in Peabody, Kansas is not a crime. However, if you intentionally provide false information on your loan application, you may be subject to criminal charges.