Payday Loans in Strandquist, Minnesota

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

Company nameAddressZip codePhone number
Mary Trembley - Raymond James 1121 US-10, Anoka, MN 55303 +1 (763) 712 - 0060
Jeffrey Rotz - Thrivent 1107 Hazeltine Blvd Suite 390, Chaska, MN 55318 +1 (320) 864 - 2022
Thrivent Financial 49 2nd Ave N STE 103, Waite Park, MN 56387 +1 (320) 266 - 5085
Wells Fargo Bank 1502 MN-33 S, Cloquet, MN 55720 +1 (218) 879 - 4521
Guaranteed Rate 2746 Superior Dr NW, Rochester, MN 55901 +1 (507) 203 - 1755
Granite Community Bank 202 2nd Ave S, Cold Spring, MN 56320 +1 (320) 685 - 8611
First International Bank & Trust 800 30th Ave S, Moorhead, MN 56560 +1 (218) 359 - 2100
Thrivent Financial 12 6th Ave NW 102, Glenwood, MN 56334 +1 (320) 634 - 5361
Red Wing Chevrolet Buick Cadillac 2500 US-61, Red Wing, MN 55066 +1 (651) 347 - 4666
Little Huskies Daycare Center 111 Torgerson Ln, Jackson, MN 56143 +1 (507) 847 - 3355

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Strandquist, 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 Loans in Minnetonka, MN, Payday Loan Without a Credit Check in Moorhead, MN, Online Loans in Rochester, MN, Online Loans in Saint Cloud, MN, Payday Loan for Saint Paul, MN, Payday Loan for 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 Strandquist, MN.

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

56758

Are Payday Loans Legal In Strandquist, 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

Strandquist, MN payday loan calculator

Payday Loans in Strandquist, Minnesota: Everything You Need to Know

If you’re in a tight financial spot and need cash fast, you might be considering payday loans in Strandquist, Minnesota. Payday loans are a legal option for residents of Minnesota who need some extra cash to tide them over until their next paycheck. In this article, we’ll take a closer look at the payday loan industry in Strandquist, Minnesota, and provide you with all the information you need to make an informed decision.

The Basics of Payday Loans

A payday loan is a short-term loan that is typically due within two weeks of being taken out. The loans are often for relatively small amounts, typically between $100 and $500, and are designed to help borrowers cover unexpected expenses or bridge the gap between paychecks. In Minnesota, payday loans are regulated by the Minnesota Department of Commerce.

How Payday Loans Work in Strandquist, Minnesota

To get a payday loan in Strandquist, Minnesota, you’ll need to show proof of income and provide a post-dated check that covers the amount of the loan plus any interest and fees. You’ll typically receive your cash within minutes or hours of applying, making payday loans a convenient option for those who need money quickly.

One thing to keep in mind when taking out a payday loan in Strandquist is that these loans often come with high interest rates and fees. The maximum annual percentage rate (APR) for payday loans in Minnesota is 390%, which means that if you borrow $100, you could end up paying as much as $15 in interest and fees for every $100 borrowed.

The Pros and Cons of Payday Loans in Strandquist

Like any financial product, payday loans in Strandquist have both pros and cons. Here are some of the advantages and drawbacks to keep in mind:

Pros:

  • Quick access to cash
  • No credit check required

Cons:

  • High interest rates and fees
  • Can lead to a cycle of debt if not repaid on time
  • Only a short-term solution to financial problems

Interesting Facts and Statistics

– According to a report from the Consumer Financial Protection Bureau, the average payday loan borrower takes out eight loans per year, with an average loan amount of $350.
– In Minnesota, the average payday loan borrower takes out 10 loans per year, with an average loan amount of $380.
– Payday loans are legal in 37 states, with varying regulations and restrictions.

Apply Now

If you’re considering a payday loan in Strandquist, Minnesota, TheGuaranteedLoans can help connect you with potential lenders. We’re a connector service, not a direct lender, which means we work with a network of trusted lending partners to help you find the right loan for your needs. To get started, simply fill out our online application, and we’ll do the rest.

In conclusion, payday loans in Strandquist, Minnesota can be a helpful tool for those who need quick access to cash. However, it’s important to be aware of the high interest rates and fees associated with these loans, and to make sure you can repay the loan on time to avoid getting caught in a cycle of debt. As always, make sure to read the terms and conditions of any loan carefully before signing on the dotted line.

F.A.Q.

Are there any limits on the amount I can borrow?

Yes, the maximum amount you can borrow is $350 in Strandquist, Minnesota.

How long do I have to repay the loan?

You must repay the loan within 30 days.