Payday Loans in Wallace, Kansas

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

Company nameAddressZip codePhone number
Kansas Secured Title 119 N Jennings Ave, Anthony, KS 67003 +1 (620) 842 - 5512
Washington County Tax & Accounting 201 C St, Washington, KS 66968 +1 (785) 325 - 2061
Citizens Financial 1120 N Main St, El Dorado, KS 67042 +1 (316) 321 - 1591
Drive Now Kansas 314 Woodlawn Ave suite 1, Atchison, KS 66002 +1 (913) 367 - 3011
First National Bank & Trust Co 702 N Washington St, Junction City, KS 66441 +1 (785) 762 - 4121
GE Capital Corporation 9121 E 79th St S, Derby, KS 67037 +1 (316) 788 - 9367
SWW Advisors 117 S Main St, El Dorado, KS 67042 +1 (316) 321 - 3132
Fast Payday Loans 2560 S Seneca St, Wichita, KS 67217 +1 (316) 267 - 2187
PayDay Motors 4611 S Broadway, Wichita, KS 67216 +1 (316) 524 - 8000
Community National Bank & Trust 500 N Summit St, Arkansas City, KS 67005 +1 (620) 441 - 0000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wallace, KS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Salina, KS, Payday Loan Companies in Shawnee, KS, Quick Loan in Topeka, KS, Short-term Loans in Wichita, KS, Online Loans in Hutchinson, KS, 24-Hour Loan in Kansas City, KS, No Credit Check Loans in Lawrence, KS and Payday Loan Without a Credit Check in Leavenworth, 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 Wallace, KS.

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

67761

Are Payday Loans Legal In Wallace, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Wallace, 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 Wallace, 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

Wallace, KS payday loan calculator

Understanding Payday Loans in Wallace, Kansas

Payday loans are short-term loans that are available to individuals who are in urgent need of cash. These loans are designed to be repaid on the borrower’s next payday, hence the name.

Legal Framework for Payday Loans in Kansas

Payday loans are legal in Kansas, and the state has put in place regulations to protect borrowers. According to Kansas state law, payday loans can be up to $500 and must be repaid within 7-30 days.

Payday lenders in Kansas must adhere to the following regulations:

  • The interest rate must not exceed 15% of the loan amount.
  • The lender can only charge a maximum of $45 as fees and charges.
  • A borrower can only take out one loan at a time.
  • The borrower cannot roll over or renew a loan more than four times.

The Benefits of Payday Loans in Wallace, Kansas

There are several benefits of payday loans:

  • Payday loans are quick and easy to obtain, usually within 24 hours.
  • Borrowers with poor credit scores or no credit history can still qualify for a payday loan.
  • With clear terms and conditions, payday loans are transparent.

The Downsides of Payday Loans in Wallace, Kansas

While payday loans can be helpful to some people, they also have some downsides:

  • The interest rates and fees on payday loans are often very high.
  • Payday loans can become a cycle of debt if the borrower is not able to repay the loan on time.
  • Payday loans should only be used for urgent needs, not for frivolous expenses.

Interesting Facts and Statistics About Payday Loans in Wallace, Kansas

  • Kansas has 426 payday lenders, which is more than McDonald’s, Wendy’s, and Burger King restaurants combined.
  • The average payday loan in Kansas is $290, and the average term is 19 days.
  • Kansas residents borrowed a total of $267 million in payday loans in 2019.

How to Apply for a Payday Loan in Wallace, Kansas

To apply for a payday loan in Wallace, Kansas, you can visit a payday lender in person or apply online through a lender’s website. However, it’s important to note that TheGuaranteedLoans is not a lender; rather, we connect borrowers with potential lenders who can help. If you’re interested in applying for a payday loan, simply fill out our online application form, and we’ll do the rest!

Apply Now

Ready to apply for a payday loan in Wallace, Kansas? Fill out our online application form today, and we’ll take care of the rest! Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we work with a network of trusted lenders to help you find the best loan for your needs.

F.A.Q.

Can I file for bankruptcy to discharge my payday loan debt in Wallace, Kansas?

Yes, you can file for bankruptcy to discharge your payday loan debt in Wallace, Kansas. However, keep in mind that bankruptcy is a serious decision that can have long-term consequences on your credit and financial situation. It is recommended to explore all other options before considering bankruptcy.

Are there any protections for military members in Wallace, Kansas when it comes to payday loans?

Yes, there are special protections for military members in Wallace, Kansas when it comes to payday loans. For example, lenders are prohibited from charging more than 36% annual interest on loans to active duty military members and their dependents.