Payday Loans in Sacred Heart, Minnesota

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Seales Advisory Solutions, Inc. 303 S Atlantic Ave, Morris, MN 56267 +1 (320) 589 - 4300
State Bank of Faribault West Branch 202 Western Ave, Faribault, MN 55021 +1 (507) 332 - 7401
Open Door Home Loans 2524 Hennepin Ave A, Minneapolis, MN 55405 +1 (612) 374 - 9907
Walmart Money Center 700 19th Ave SE, Willmar, MN 56201 +1 (320) 231 - 3456
Golden Fenders 700 2nd St, Jackson, MN 56143 +1 (507) 847 - 4197
Members Cooperative Credit Union - Lori Moe Mortgage Loan Originator - NMLS 406186 1299 MN-33 S, Cloquet, MN 55720 +1 (218) 878 - 3629
Loomis Armored US 4214 Enterprise Cir, Duluth, MN 55811 +1 (218) 722 - 2848
SouthPoint Financial Credit Union 502 Cherry Dr, Waconia, MN 55387 +1 (877) 794 - 6712
MidWestOne Bank 11151 Lake Blvd, Chisago City, MN 55013 +1 (651) 257 - 6561
Springleaf Finance Services 921 4th Ave, Worthington, MN 56187 +1 (507) 372 - 7470

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sacred Heart, MN, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Minneapolis, MN, Payday Loans in Minnetonka, MN, Payday Loans in Moorhead, MN, Payday Loan for Rochester, MN, Emergency Loan in Saint Cloud, MN, Guaranteed Loans in Saint Paul, MN, Quick Loan in Savage, MN and Payday Loans 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 Sacred Heart, MN.

Beautiful sights of Sacred Heart, MN

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

56285

Are Payday Loans Legal In Sacred Heart, 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

Sacred Heart, MN payday loan calculator

What are Payday Loans in Sacred Heart, Minnesota?

Payday loans, also known as cash advances or short-term loans, are loans designed to cover short-term expenses. Generally, they are small amounts ranging from $100 to $500, repaid in a few weeks or the borrower’s next payday. They are often used as a quick solution for unexpected bills or emergency expenses.

Are Payday Loans Legal in Sacred Heart, Minnesota?

Yes, payday loans are legal in Minnesota. The state has established laws and regulations to protect borrowers from predatory lending practices. Payday lenders in Sacred Heart must follow these rules to operate legally.

How do Payday Loans Work in Sacred Heart, Minnesota?

To obtain a payday loan in Sacred Heart, borrowers need to provide proof of income and a post-dated check. The lender will agree to hold onto the check until the date the loan is due, which is usually the next payday. On that day, the borrower needs to return to the lender and repay the loan plus any applicable fees and interest.

What are the Fees and Interest Rates for Payday Loans in Sacred Heart, Minnesota?

The fees and interest rates for payday loans in Sacred Heart can vary depending on the lender and the loan amount. Minnesota law caps the amount a lender can charge on a payday loan. The maximum interest rate is 33%, and the maximum loan fee is $30. Additionally, there is a 10% origination fee on loans of $500 or less.

What are the Risks of Payday Loans in Sacred Heart, Minnesota?

Payday loans can be a quick solution for unexpected expenses, but they also carry significant risks. If the borrower cannot repay the loan on the agreed-upon date, they may be forced to roll over the loan, which adds additional fees and interest. Over time, the borrower could get trapped in a cycle of debt, making it difficult to repay the loan and causing potential damage to their credit score.

Interesting Facts and Statistics about Payday Loans in Sacred Heart, Minnesota

  • Minnesota law caps payday loans at $350.
  • The average payday loan borrower takes out 10 loans per year.
  • Approximately 20% of payday loan borrowers default on their loans.

Apply Now with TheGuaranteedLoans

If you’re in need of a payday loan in Sacred Heart, Minnesota, TheGuaranteedLoans is here to help. We are a connector service that works with a network of potential lenders to help you find a loan that meets your needs. Simply fill out our online application, and we’ll do the rest.

It’s important to note that we are not a direct lender. We simply facilitate the connection between you and potential lenders. Be sure to read the terms and conditions carefully before agreeing to any loan, and only take out a loan if you’re confident that you can repay it on time.

The Bottom Line

Payday loans can be a quick solution for unexpected expenses in Sacred Heart, Minnesota, but they also carry significant risks. Be sure to understand the terms and conditions of any loan before agreeing to it, and only take out a loan if you’re confident that you can repay it on time. If you’re unsure, consider alternative options such as a personal loan, credit card, or borrowing from a friend or family member.

F.A.Q.

Is there a cooling-off period after I repay a payday loan in Sacred Heart, Minnesota?

Yes, after you repay a payday loan in Sacred Heart, Minnesota, you must wait seven days before taking out another loan.

Can I be charged with criminal charges for defaulting on a payday loan in Sacred Heart, Minnesota?

No, payday lenders in Sacred Heart, Minnesota are not allowed to file criminal charges against borrowers for defaulting on a loan.