Payday Loans in Rushmore, Minnesota

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

Company nameAddressZip codePhone number
Bell Bank 15 N Broadway, Pelican Rapids, MN 56572 +1 (218) 863 - 4590
Dodge County Land Title Company, LLC 38 W Main St, Dodge Center, MN 55927 +1 (507) 633 - 6355
Thrivent 116 N Johnson Ave, Fosston, MN 56542 +1 (218) 435 - 7800
ESB Bank 108 Iowa Ave S, Eitzen, MN 55931 +1 (507) 495 - 3321
Associated Bank 733 S Marquette Ave 235, Minneapolis, MN 55402 +1 (612) 359 - 4434
N F Field Abstract Co LLC 424 E Mill, Pelican Rapids, MN 56572 +1 (218) 863 - 6220
Bremer Investments 500 Willmar Ave SE, Willmar, MN 56201 +1 (320) 231 - 8158
Peoples Small Loan Co 1121 S 6th St, Brainerd, MN 56401 +1 (218) 829 - 9189
CCFBank 53 1st St SW, Wells, MN 56097 +1 (507) 553 - 3151
Heartland Payment Systems 14676 Jay St NW, Andover, MN 55304 +1 (763) 607 - 0286

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Rushmore, MN

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

56168

Are Payday Loans Legal In Rushmore, 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

Rushmore, MN payday loan calculator

Payday loans are a form of short-term loan that provides customers with quick access to cash. They are designed to help individuals with unexpected expenses or financial emergencies. In Rushmore, Minnesota, payday loans are legal and are regulated by the Minnesota Department of Commerce. However, before taking out a payday loan, it is important to understand how they work and what the risks are.

How Do Payday Loans Work?

Payday loans are usually meant to be repaid on the borrower’s next payday, hence the name. Typically, the borrower will write a post-dated check for the loan amount plus interest and fees. The lender will hold onto the check and cash it on the borrower’s next payday. If the borrower is unable to repay the loan on the due date, the lender may offer to roll over the loan for an additional fee.

Payday loans are often easy to obtain, as they typically do not require a credit check or collateral. However, the interest rates and fees associated with payday loans can be very high. In Minnesota, payday lenders can charge up to $30 in interest and fees for every $100 borrowed.

Risks of Payday Loans

Payday loans can be very risky, especially for those who are already struggling financially. The high interest rates and fees associated with payday loans can quickly add up, making it difficult for borrowers to repay the loan. This can lead to a dangerous cycle of debt, where borrowers take out additional loans to pay off the original loan.

Additionally, payday lenders can be predatory, taking advantage of vulnerable borrowers who are in desperate need of cash. Some lenders may offer loans that are too large for the borrower to repay, or they may use aggressive tactics to collect on the debt.

Interesting Facts and Statistics about Payday Loans in Rushmore, Minnesota

  • In 2019, Minnesota payday lenders issued 385,721 loans, totaling more than $139 million in principal.
  • The average payday loan in Minnesota is $390, and borrowers typically pay $44 in interest and fees for every $100 borrowed.
  • Minnesota has some of the strongest payday lending regulations in the country, including a cap on interest rates and fees and a limit on how many loans a borrower can take out in a year.

Apply Now

If you are considering a payday loan in Rushmore, Minnesota, it is important to do your research and make an informed decision. TheGuaranteedLoans can help you connect with potential lenders in your area. Simply fill out our online application and we will match you with lenders who may be able to offer you a loan.

Remember, TheGuaranteedLoans is not a direct lender, and we do not make credit decisions or determine loan terms. Instead, we work with a network of lenders to help you find the best loan for your needs. By working with us, you can save time and hassle by filling out just one application, instead of applying to multiple lenders on your own.

Apply now to see if you qualify for a payday loan in Rushmore, Minnesota!

F.A.Q.

How long do I have to repay the loan?

You must repay the loan within 30 days.

Are there any fees or charges associated with payday loans in Rushmore, Minnesota?

Yes, there is a fee of $15.50 per $100 borrowed, which must be paid in addition to the loan amount.