Payday Loans in Moorhead, Minnesota

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Payday Loan Companies in Moorhead, MN

Company nameAddressZip codePhone number
Affinity Plus Federal Credit Union 615 14th St S 56563 +1 (800) 322 - 7228
American Federal Bank 601 Center Ave 56560 +1 (218) 233 - 2791
ATM Affinity Plus Federal Credit Union 403 8th St S 56560 +1 (800) 322 - 7228
Banker's Equipment Services Inc 3505 8th St S 10 56560 +1 (218) 236 - 8366
Bremer Bank 3131 S Frontage Rd 56560 +1 (218) 299 - 7600
Central Minnesota Credit Union 1002 Main Ave 56560 +1 (888) 330 - 8482
Choice Bank 801 Main Ave Suite 103 56560 +1 (218) 359 - 3600
Comfort Keepers Home Care 1206 25th St S Unit S 56560 +1 (701) 204 - 4039
Exchange Station 3100 8th St S 56560 +1 (218) 233 - 8843
First International Bank & Trust 800 30th Ave S 56560 +1 (218) 359 - 2100
Gate City Bank 2929 20th St 56560 +1 (701) 298 - 2854
Gate City Bank in Hornbacher's 950 40th Ave S 56560 +1 (701) 298 - 2870
Moorhead Motors LLC 2615 2nd Ave N 4 56560 +1 (218) 443 - 0243
Peoples Small Loan Co 1208 Center Ave 56560 +1 (218) 227 - 0320
Raymond James Financial Services 3131 S Frontage Rd 56560 +1 (701) 492 - 2625
S.A.M. Check Cashing Machine 3300 US-10 E 56560 +1 (218) 236 - 4910
U.S. Bank ATM - Moorhead 403 Center Ave 56560 +1 (800) 872 - 2657

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Moorhead, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rochester, MN, No Credit Check Loans in Saint Cloud, MN, Payday Loans in Saint Paul, MN, Payday Loans in Savage, MN, No Credit Check Loans in Shakopee, MN, Guaranteed Loans in Andover, MN, Payday Loans in Burnsville, MN and Payday Loans in Cottage Grove, 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 Moorhead, MN.

Beautiful sights of Moorhead, MN

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

56561, 56562, 56560, 56563

Are Payday Loans Legal In Moorhead, 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

Moorhead, MN payday loan calculator

Payday Loans in Moorhead, Minnesota

When life throws unexpected surprises your way, you may find yourself in need of a financial solution fast. Payday loans are one option available to help people in Moorhead, Minnesota and surrounding areas with short-term financial issues. Before taking out a payday loan, however, it is important that you understand the laws and regulations in the state, so you know what to expect.

Payday Loans Are Legal in Minnesota

The state of Minnesota allows payday lenders to operate in the state, with certain regulations governing the amount and repayment of these loans. Payday loans must be repaid in a single payment, and the amount cannot exceed $350. The loan cannot extend more than 30 days and the maximum interest rate is 30% per year, or a $5 fee for each $100 borrowed. Payday lenders must be licensed by the Minnesota Department of Commerce, and customers must receive a written contract for the loan.

Requirements for Payday Loans in Moorhead, Minnesota

In order to be eligible for a payday loan in Moorhead, Minnesota, you must meet certain requirements. You must be at least 18 years old and have a valid driver’s license or other form of photo identification. You must also have an open and active checking account with a bank or credit union. Finally, you must have a regular source of income, such as employment, benefits, or disability income.

Risks of Payday Loans

Although payday loans can be a convenient solution to financial problems in the short-term, they can also come with some risks. Because payday loans must be repaid in full in one lump sum payment, there is a risk of not being able to afford the repayment. If this happens, you may incur penalties such as late fees, non-sufficient funds fees, or returned check fees. Additionally, if you take out multiple payday loans, you could end up owing more than you can afford.

It is important to remember that payday loans should only be used for short-term financial issues and not to solve long-term financial problems. If you find yourself needing a payday loan frequently, you should speak with a financial advisor to explore some other options.

Alternatives to Payday Loans

If you find yourself needing a small loan to cover an unexpected expense or bridge a gap between paychecks, there are other options available besides payday loans. You may be able to borrow money from a friend or family member, apply for a loan at your bank or credit union, or explore other options such as a line of credit or credit card.

Apply Now

If you’ve done your research and are ready to apply for a payday loan in Moorhead, Minnesota, TheGuaranteedLoans can help. We are not a lender, but we can match you with lenders in our network who offer payday loans in your area. Fill out an online application and we will connect you with lenders for further action.

FAQ

  • Are payday loans legal in Minnesota? – Yes, payday loans are legal in Minnesota.
  • What are the requirements to get a payday loan in Moorhead, Minnesota? – To be eligible for a payday loan in Moorhead, Minnesota, you must be at least 18 years old and have a valid driver’s license or other form of photo identification. You must also have an open and active checking account with a bank or credit union and a regular source of income.
  • What are the risks of payday loans? – Payday loans must be repaid in full in one lump sum payment, so if you are unable to afford the repayment, you may end up incurring penalties such as late fees, non-sufficient funds fees, or returned check fees. Additionally, if you take out multiple payday loans, you could end up owing more than you can afford.
  • Are there alternatives to payday loans? – Yes, you may be able to borrow money from a friend or family member, apply for a loan at your bank or credit union, or explore other options such as a line of credit or credit card.

More F.A.Q.

What is the maximum loan amount that can be borrowed in Moorhead, Minnesota?

The maximum loan amount that can be borrowed in Moorhead, Minnesota is $350.

Are there any fees or interest rates associated with payday loans in Moorhead, Minnesota?

Yes, payday loans in Moorhead, Minnesota come with fees and interest rates, which are set by the lender.

How Many Cash Advance Companies are in Moorhead, MN?

With the help of our service, you will be able to find 17 cash advance companies in Moorhead, MN

What Cash Advance Companies in Moorhead, MN are the most popular?

You should check ATM Affinity Plus Federal Credit Union, Affinity Plus Federal Credit Union, and American Federal Bank. Also, you can start your application online on our website.