Payday Loans in Vermillion, Kansas

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

Company nameAddressZip codePhone number
Money Lenders 607 1/2 East Kansas Plaza, Garden City, KS 67846 +1 (620) 272 - 9979
Morgan Stanley 1617 Waterfront Ste 200, Wichita, KS 67206 +1 (316) 383 - 8300
Check Into Cash 2829 10th St, Great Bend, KS 67530 +1 (620) 793 - 8423
Bank of America with Drive-thru ATM 900 Ohio St, Lawrence, KS 66044 +1 (785) 842 - 1000
Bluestem Financial Management 969 S Manhattan Ave, Manhattan, KS 66502 +1 (785) 537 - 0206
Bank of Tescott 202 N Main St, Lindsborg, KS 67456 +1 (785) 227 - 8830
Advance America 204 Parkway Blvd, Liberal, KS 67901 +1 (620) 626 - 7115
J and J Accounting LLC 610 Bridge St, Humboldt, KS 66748 +1 (620) 473 - 2831
Lexington Law 7015 College Blvd Suite 375, Overland Park, KS 66211 +1 (833) 333 - 8277
Navy Federal Credit Union 227 W 18th St, Junction City, KS 66441 +1 (888) 842 - 6328

Payday Loan Companies in Nearby Cities

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

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

66544

Are Payday Loans Legal In Vermillion, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Vermillion, 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 Vermillion, 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

Vermillion, KS payday loan calculator

Introduction

If unexpected expenses arise, and you’re in need of quick cash to tide you over until your next paycheck, getting a payday loan might be the best option. It’s a type of short-term borrowing where a lender provides cash advances on a borrower’s upcoming paycheck. Additionally, if you’re living in Vermillion, Kansas, you might find this article particularly useful since payday loans are legal in Kansas.

What Are Payday Loans?

Payday loans are a simple way to borrow money, usually up to $500 in cash, to cover unexpected expenses, such as car repairs or medical bills. They’re typically offered for a short period, usually for two to four weeks, and are expected to be repaid by the time the borrower’s next paycheck arrives.

The loan application process is straightforward, and there are generally no credit checks involved. However, keep in mind that payday loans come with high-interest rates, and if you default on the loan, you may end up in a debt trap.

How Do Payday Loans Work in Vermillion, Kansas?

Payday loans are legal in Kansas, and there are no restrictions on the loan amount that a lender can offer to a borrower. Additionally, the loan term is not specified in Kansas, which means that lenders can set the repayment period as they see fit. However, the interest rate for payday loans in Kansas is capped at 15%.

To apply for a payday loan in Vermillion, Kansas, you must be at least 18 years old and have a valid government-issued ID, proof of income, and an active checking account. The loan application process is typically straightforward and can be done online or in-person at a lender’s physical location.

Advantages of Payday Loans

Payday loans come with several advantages, including:

  • Simple application process
  • No credit checks required
  • Quick access to cash
  • No restrictions on how the loan can be used

Disadvantages of Payday Loans

While payday loans can be a lifesaver when you’re in a cash crunch, they come with several disadvantages, including:

  • High-interest rates
  • Short repayment period
  • Penalties for late or missed payments
  • Defaulting on the loan can lead to a debt trap

Interesting Facts about Payday Loans in Vermillion, Kansas

  • The average payday loan amount in Kansas is $300, and the average interest rate is 391%.
  • According to a report by the Kansas City Star, payday lenders in Kansas charged $267 million in fees and interest rates in 2018 alone.
  • Kansas law allows borrowers to rollover their payday loans up to two times, but each rollover comes with an additional fee.
  • In 2019, the Kansas Legislature introduced a bill that would limit the number of times a borrower could rollover their payday loan, but the bill failed to pass.

Apply Now for a Payday Loan in Vermillion, Kansas

If you’re in need of quick cash, don’t hesitate to apply for a payday loan in Vermillion, Kansas. TheGuaranteedLoans can help you connect with potential lenders who offer payday loans. Keep in mind that we’re not a direct lender, but we can facilitate your loan application process.

To get started, fill out the online application form on our website, providing your personal and financial details. Once you submit the application, we’ll connect you with potential lenders who can offer you a payday loan. The whole process is quick, hassle-free, and confidential.

Conclusion

Overall, payday loans can be an excellent option when you’re in need of quick cash. However, they come with high-interest rates and a short repayment period, so it’s essential to understand the terms and conditions before borrowing. If you’re in Vermillion, Kansas, and you’re looking for a payday loan, don’t hesitate to apply with TheGuaranteedLoans. We’re here to help you connect with potential lenders and get the cash you need.

F.A.Q.

Can I be arrested for defaulting on a payday loan in Vermillion, Kansas?

No, you cannot be arrested for defaulting on a payday loan in Vermillion, Kansas. However, the lender may take legal action to recover the funds, which could result in wage garnishment or other consequences.

Are there any restrictions on the number of payday loans I can take out in Vermillion, Kansas?

Yes, in Vermillion, Kansas, you are only allowed to have one outstanding payday loan at a time. This means that you cannot take out multiple payday loans from different lenders at the same time.