Payday Loans in Hines, Minnesota

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

Company nameAddressZip codePhone number
Scott Stavn - Raymond James 2506 E Beltline, Hibbing, MN 55746 +1 (218) 263 - 5000
EZCASHUSA 80 S 8th St Ste 990 20113, Minneapolis, MN 55402 +1 (612) 540 - 0540
Ryan Glas - Thrivent Financial 14391 Edgewood Dr N 200, Baxter, MN 56425 +1 (218) 297 - 0171
Deerwood Bank 2351 Connecticut Ave S, Sartell, MN 56377 +1 (320) 252 - 4200
American Bank of the North 221 North Main St, Biwabik, MN 55708 +1 (218) 865 - 6345
AgCountry Farm Credit Services 907 Prairie Pines Dr, Fosston, MN 56542 +1 (218) 435 - 1686
First National Bank of Cokato 365 Broadway Ave S, Cokato, MN 55321 +1 (320) 286 - 2191
TCF Bank 405 E Main St, Anoka, MN 55303 +1 (800) 823 - 2265
First American Title Insurance Company 310 Railroad Ave W, Walker, MN 56484 +1 (218) 547 - 2565
United States Postal Service 37307 County 4, Lake George, MN 56458 +1 (800) 275 - 8777

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hines, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Andover, MN, Quick Loan in Burnsville, MN, Payday Loan Without a Credit Check in Cottage Grove, MN, Payday Loans in Duluth, MN, Payday Loans in Eden Prairie, MN, Short-term Loans in Inver Grove Heights, MN, Payday Loans in Lakeville, MN and Payday Loans in Mankato, 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 Hines, MN.

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

56647

Are Payday Loans Legal In Hines, 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

Hines, MN payday loan calculator

Payday Loans in Hines, Minnesota: A Comprehensive Guide

Payday loans are a popular option for consumers looking for quick access to cash. In Hines, Minnesota, payday loans are legal and can be a useful tool for those facing unexpected expenses or financial emergencies. However, it’s important to understand the details surrounding payday loans before deciding whether or not to pursue one.

What is a Payday Loan?

A payday loan is a short-term loan that typically needs to be repaid within two weeks. Payday loans are often used by people who need money quickly to cover an unexpected expense, such as a medical bill or car repair.

To obtain a payday loan, borrowers typically need to provide proof of income and a valid form of identification. Lenders may require a post-dated check or access to the borrower’s bank account for repayment purposes.

Payday Loans in Hines, Minnesota

In Minnesota, payday loans are legal, but state law requires lenders to follow specific regulations to protect consumers. For example, the maximum loan amount for a payday loan in Minnesota is $350, and lenders cannot charge more than $15 in fees for every $100 borrowed.

Additionally, lenders are required to provide borrowers with clear and concise loan terms, including information about interest rates, repayment schedules, and fees. Borrowers must also receive a written agreement outlining the terms of the loan.

Benefits of Payday Loans

Payday loans can provide a number of benefits for those facing unexpected expenses. Some advantages of payday loans include:

  • Quick access to cash
  • No credit check required
  • No collateral needed
  • Flexible repayment options

Potential Risks of Payday Loans

While payday loans can be a useful tool for many consumers, there are also potential risks to consider. Some disadvantages of payday loans include:

  • High fees and interest rates
  • Short repayment terms
  • May lead to a cycle of debt
  • May negatively impact credit scores

Facts and Statistics about Payday Loans in Hines, Minnesota

According to a report from the Minnesota Attorney General’s office, the average payday loan in Minnesota is $350, with an average annual percentage rate (APR) of 273%. In 2019, there were over 380,000 payday loans issued in the state, totaling over $127 million.

It’s important to note that while payday loans can provide quick access to cash, they are not a long-term solution for financial problems. It’s important to carefully consider all options and seek out professional advice before pursuing a payday loan.

Apply Now

If you are considering a payday loan in Hines, Minnesota, TheGuaranteedLoans can help. We are a connector service that can facilitate your connection with potential lenders. By filling out a quick online application, our service can match you with lenders who may be able to provide the funds you need.

Remember, payday loans should be used responsibly and only in cases of true financial emergencies. Contact TheGuaranteedLoans today to learn more about our services and how we can help connect you with potential lenders.

F.A.Q.

Are there any options for borrowers who are unable to repay their payday loan in Hines, Minnesota?

Yes, borrowers who are unable to repay their payday loan can contact the Minnesota Department of Commerce for assistance and information about alternative forms of credit.

Can a payday lender report my loan to the credit bureau in Hines, Minnesota?

Yes, a payday lender can report your loan to the credit bureau in Hines, Minnesota, which may impact your credit score.