Payday Loans in Clarks Grove, Minnesota

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No payday loan companies in Clarks Grove, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
CLA CliftonLarsonAllen 121 W Bridge St, Owatonna, MN 55060 +1 (507) 446 - 7100
Citizens Alliance Bank 240 Spicer Ave, Maynard, MN 56260 +1 (903) 266 - 9744
Merrill Lynch Wealth Management 4041 28th St NW Suite 100, Rochester, MN 55901 +1 (507) 281 - 6710
Farmers & Merchants State Bank 607 Main St N, Austin, MN 55912 +1 (507) 437 - 3253
Wells Fargo Bank 19290 Freeport St NW, Elk River, MN 55330 +1 (612) 667 - 4646
United States Postal Service 127 Main St, Miltona, MN 56354 +1 (800) 275 - 8777
Up North Accounting, LLC 994 Lakeview Dr, Cloquet, MN 55720 +1 (218) 451 - 2036
HomeTown Bank 326 Broadway St, Cleveland, MN 56017 +1 (507) 934 - 3174
EFS Advisors 1995 E Rum River Dr S, Cambridge, MN 55008 +1 (763) 689 - 9023
U.S. Bank Branch 1 NW 5th St, Grand Rapids, MN 55744 +1 (218) 327 - 5340

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Clarks Grove, MN, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Minneapolis, MN, Online Loans in Minnetonka, MN, Payday Loans in Moorhead, MN, Payday Loans in Rochester, MN, Emergency Loan in Saint Cloud, MN, Payday Loans in Saint Paul, MN, Payday Loans in Savage, MN and Payday Loan Without a Credit Check in Shakopee, MN. 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 Clarks Grove, MN.

Beautiful sights of Clarks Grove, MN

Payday Loans Available in Clarks Grove, MN By The Following ZIP Codes:

56016

Are Payday Loans Legal In Clarks Grove, Minnesota?

Loan Rates and Fees, Laws and Regulations in Minnesota.

Minnesota Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)200
Maximum Loan Amount$350
Minimum Loan TermNot Specified
Maximum Loan Term30 days
Number of Rollovers Allowed0
Finance Charges<$50 = $5.5; $50 - $100 = 10% + $5; $100 - $250 = 7% (min $10) + $5; $250 - $350 =6% (min $17.5) + $5

Clarks Grove, MN payday loan calculator

Understanding Payday Loans in Clarks Grove, Minnesota: A Comprehensive Guide

Payday loans have become a popular financial resource for many people looking for quick access to cash. These small short-term loans offer individuals the chance to borrow money when they need it most and pay it back when they receive their next paycheck. In Clarks Grove, Minnesota, payday loans are legal and regulated by state laws. In this article, we will explore everything you need to know about payday loans in Clarks Grove, Minnesota.

How Do Payday Loans Work?

Payday loans, also known as cash advances, are short-term loans that typically range from $50 to $1,000, although the amounts can vary depending on the lending company. These loans can be accessed quickly and easily through online applications or storefront locations. In most cases, borrowers are required to provide proof of income and a valid ID to qualify for the loan. The repayment is usually due on the borrower’s next payday, which is why it is called a payday loan.

The interest rates on payday loans in Clarks Grove, Minnesota, are regulated by state laws and capped at 33% per year. This means that if you borrow $100, you will pay back a maximum of $133, including fees and interest. The loan term can vary from a few weeks to a month depending on your agreement with the lender. It’s important to note that if you cannot repay the loan on time, you may be charged additional fees and interest, which can make the loan even more expensive.

Applying for Payday Loans in Clarks Grove, Minnesota

If you’re interested in getting a payday loan in Clarks Grove, Minnesota, you can apply online or visit a storefront lender. When you apply for the loan, you will need to provide your personal information, such as your name, address, and Social Security number, along with proof of income and a valid ID. The lender will review your application and determine if you qualify for the loan.

It’s important to note that payday loans are short-term solutions to financial problems. If you find yourself in a cycle of relying on payday loans to make ends meet, it may be time to seek help from a financial advisor or credit counselor. These professionals can help you create a budget and develop a plan to pay off your debt.

Benefits of Payday Loans in Clarks Grove, Minnesota

Payday loans offer several benefits to borrowers, including:

  • Quick access to cash
  • Easy application process
  • No collateral required
  • No credit check required

These benefits make payday loans an attractive option for many people who need cash quickly. However, it’s important to remember that payday loans are not a long-term solution to financial problems. If you find yourself relying on payday loans to make ends meet, it may be time to seek help from a financial advisor or credit counselor.

Interesting Facts and Statistics About Payday Loans in Clarks Grove, Minnesota

– In Minnesota, the average payday loan is $380.

– The average length of a payday loan in Minnesota is 20 days.

– In 2019, over 100,000 payday loans were issued in Minnesota.

These statistics highlight the popularity of payday loans in Minnesota and the importance of understanding the potential consequences of borrowing money through these loans.

Apply Now

If you’re interested in applying for a payday loan in Clarks Grove, Minnesota, visit TheGuaranteedLoans website for quick and easy access to multiple lenders. We are a connector service, not a direct lender, and we work with a network of trusted lending partners to help you find the best loan for your needs. Apply today and get the cash you need, when you need it most.

Remember, payday loans should only be used as a short-term solution to financial problems. Before applying for a payday loan, consider your options and develop a plan to pay back the loan on time. With responsible borrowing and careful financial planning, payday loans can be a helpful resource for those in need of quick cash.

F.A.Q.

What are the eligibility requirements for payday loans in Clarks Grove, Minnesota?

To be eligible for a payday loan in Clarks Grove, Minnesota, you must be at least 18 years old and have a regular source of income.

Are there any limits on the amount I can borrow?

Yes, the maximum amount you can borrow is $350 in Clarks Grove, Minnesota.