Payday Loans in Hampton, Minnesota

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

Company nameAddressZip codePhone number
Insurance Brokers of MN Chad Nelson 31061 Front St, Pequot Lakes, MN 56472 +1 (218) 568 - 4620
NorthRidge Community Credit Union - Hoyt Lakes 283 Kennedy Memorial Dr, Hoyt Lakes, MN 55750 +1 (877) 672 - 2848
Affinity Plus Federal Credit Union 15524 Edgewood Dr N, Baxter, MN 56425 +1 (800) 322 - 7228
Midwest Bank 1211 1st St, Waubun, MN 56589 +1 (218) 473 - 2191
Co-Op Credit Union 501 19th Ave SE, Willmar, MN 56201 +1 (320) 235 - 1573
Landwehr Tax & Accounting 62 10th Ave S, Waite Park, MN 56387 +1 (320) 203 - 0429
Walmart Money Center 100 Juniper Ave, Wadena, MN 56482
Harvest Bank 321 Pacific Ave, Kandiyohi, MN 56251 +1 (320) 382 - 6100
Advisornet Financial 401 North Main Suite 3, Austin, MN 55912 +1 (507) 434 - 2299
Fairway Independent Mortgage Corporation 19021 Freeport Street North West, Suite 500-E, Suite 500-E, Elk River, MN 55330 +1 (612) 269 - 9728

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hampton, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Minneapolis, MN, Payday Loan Without a Credit Check in Minnetonka, MN, Emergency Loan in Moorhead, MN, Payday Loans in Rochester, MN, Payday Loan for Saint Cloud, MN, Quick Loan in Saint Paul, MN, Payday Loans in Savage, MN and 24-Hour Loan 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 Hampton, MN.

Beautiful sights of Hampton, MN

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

55031

Are Payday Loans Legal In Hampton, 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

Hampton, MN payday loan calculator

Payday Loans in Hampton, Minnesota: Your Ultimate Guide

Life is unpredictable, and sometimes we find ourselves needing a quick financial boost to get by. In Hampton, Minnesota, payday loans are a legal option for those in need of a short-term loan. But what exactly are payday loans, and how do they work?

What Are Payday Loans?

Payday loans are small, short-term loans typically due on your next payday. These loans are meant to be a quick fix for unexpected expenses or bills that can’t wait until your next paycheck. They are typically easy to apply for, with minimal paperwork and quick approval times.

However, there are some things to keep in mind before you decide to apply for a payday loan. First, these loans typically come with very high interest rates, often much higher than traditional loans. Additionally, if you are unable to pay back the loan on time, you may be subject to additional fees and charges.

How Do Payday Loans Work in Hampton, Minnesota?

In Minnesota, payday loans are legal with certain restrictions. The maximum loan amount is $350, and lenders can charge up to $15 in fees for every $100 borrowed. The loan term cannot exceed 30 days, and borrowers are limited to one loan at a time.

To apply for a payday loan in Hampton, Minnesota, you will need to provide some basic information, such as proof of income and identification. The lender will then evaluate your application and determine whether or not to approve your loan.

If approved, you will typically receive the loan amount in cash or deposited directly into your bank account. You will be required to pay back the loan, along with any fees and interest, on your next payday.

What Are the Alternatives to Payday Loans?

While payday loans can be a useful option in certain situations, there are other alternatives that may be more affordable and less risky. Here are some options to consider:

  • Credit cards: If you have a credit card with available credit, this may be a better option than a payday loan. Credit cards typically have lower interest rates and more flexible repayment options.
  • Personal loans: If you have good credit, you may be able to qualify for a personal loan with a lower interest rate than a payday loan.
  • Payment plans: Many service providers, such as medical providers or utility companies, offer payment plans that allow you to pay off your bills over time rather than taking out a loan.

Ultimately, the best option will depend on your individual circumstances and financial needs.

Interesting Facts and Statistics

  • In Minnesota, the average payday loan is $380, with an average interest rate of 277%.
  • In the United States, payday loan borrowers typically take out 8 loans per year, with an average loan amount of $375.
  • According to a survey by the Federal Reserve, 40% of Americans wouldn’t be able to cover a $400 emergency expense without borrowing money or selling something.

Apply Now

If you’ve decided that a payday loan is the right option for you, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application, and we’ll work to find a lender that meets your needs.

It’s important to note that TheGuaranteedLoans is not a direct lender and does not make lending decisions. Instead, we work as a connector service, helping you find the right lender for your situation. Remember to read all loan terms and conditions carefully before accepting any loan offers.

Conclusion

Payday loans can offer a quick solution to unexpected expenses. However, they come with high costs and should be used only as a last resort. Consider all of your options before making a decision and be sure to read all loan terms and conditions carefully. With the help of TheGuaranteedLoans, you can find the right lending solution for your needs.

F.A.Q.

Can I renew or rollover my payday loan in Hampton, Minnesota?

No, renewing or rolling over a payday loan is not allowed in Hampton, Minnesota.

Are there any protections for consumers who take out payday loans in Hampton, Minnesota?

Yes, Minnesota has regulations in place to protect consumers who take out payday loans, including a cooling-off period between loans and a requirement for lenders to provide information about alternative forms of credit.