Payday Loans in Warsaw, 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 Warsaw, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
Farm Bureau Financial Services: Bruce Lien AFIS AgWise Master Certified 210 Jefferson St N 1, Wadena, MN 56482 +1 (218) 631 - 4545
First National Bank North 30886 2nd St, Pequot Lakes, MN 56472 +1 (218) 568 - 4473
Raymond James Financial Services 113 Front St E, Brandon, MN 56315 +1 (320) 524 - 2253
Prudential Financial: Janice Uberecken 2351 Connecticut Ave S 330, Sartell, MN 56377 +1 (320) 380 - 2058
Financial Advisors U.S. Bancorp Investments 132 W Broadway St, Owatonna, MN 55060 +1 (507) 444 - 2201
Premier Bank Owatonna 209 E Main St, Owatonna, MN 55060 +1 (507) 451 - 0231
American Equity Bank 5900 Green Oak Dr 100, Minnetonka, MN 55343 +1 (952) 939 - 7200
Albertville Premium Outlets 6415 Labeaux Ave NE, Albertville, MN 55301 +1 (763) 497 - 1911
North Risk Partners 1499 Anne St NW, Bemidji, MN 56601 +1 (218) 759 - 1201
Ideal Credit Union 14750 Victor Hugo Blvd, Hugo, MN 55038 +1 (651) 770 - 7000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Warsaw, MN, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Andover, MN, Payday Loans in Burnsville, MN, Payday Loan Companies in Cottage Grove, MN, Payday Loans in Duluth, MN, Payday Loan Companies in Eden Prairie, MN, Payday Loans in Inver Grove Heights, MN, Guaranteed 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 Warsaw, MN.

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

55087

Are Payday Loans Legal In Warsaw, 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

Warsaw, MN payday loan calculator

Payday Loans in Warsaw, MN: What You Need to Know

Emergencies happen to everyone, but sometimes you may not have the financial resources to handle them. In such situations, a payday loan can help you bridge the gap and pay your bills on time. Payday loans are short-term loans that are available for a brief period, usually until your next payday. If you’re looking for payday loans in Warsaw, MN, then you’re in luck: payday loans are legal in Minnesota, and there are many lenders available to help you through your financial difficulties. In this article, we’ll cover everything you need to know about payday loans and how they can help you in a pinch.

How Do Payday Loans Work?

Payday loans are loans that you can take out for a short period, typically until your next payday. You can apply for a payday loan online or in-person, and the process is straightforward. Lenders will require that you provide proof of income, such as a pay stub, and will determine how much you’re eligible to borrow based on your income and other factors.

Once you’re approved for a payday loan, the funds are generally deposited directly into your bank account. You’ll be required to repay the loan on your next payday, which is typically within two to four weeks. If you’re unable to repay the full amount, you may be able to extend the loan by paying a fee. However, it’s essential to understand that this can result in additional fees and interest charges.

Are Payday Loans Legal in Minnesota?

Yes, payday loans are legal in Minnesota. However, there are specific regulations that lenders must follow to operate in the state. Minnesota has some of the most stringent regulations for payday loans, including a cap on the amount you can borrow, restrictions on fees and interest rates, and a maximum loan term of 30 days.

Payday Loan Regulations in Minnesota

  • The maximum loan amount in Minnesota is $350
  • Interest rates are limited to 33% APR for loans up to $1,000 and 24% APR for loans between $1,000 and $5,000
  • Repayment periods are limited to 30 days
  • Lenders are prohibited from charging prepayment penalties
  • Lenders must disclose all fees and charges

These regulations were put in place to protect borrowers from predatory lenders and ensure that payday loans are used responsibly.

What Are the Benefits of Payday Loans?

Payday loans can be helpful in many situations, including:

  • Payroll deductions and other automatic payments that result in overdraft fees
  • Unexpected medical bills or car repairs
  • Lost or stolen personal property
  • Emergencies that require immediate attention

One of the most significant benefits of payday loans is that they’re available to borrowers with bad credit. Unlike traditional loans, payday lenders don’t rely on credit scores or history when making lending decisions. Instead, they look at your income and other factors to determine your eligibility for a loan.

What Are the Risks of Payday Loans?

While payday loans can be helpful in managing unexpected expenses, they also carry risks that borrowers need to be aware of. The most significant concern is the high-interest rates and fees associated with payday loans. Because lenders don’t require credit checks, they assume a higher risk when lending to borrowers. To offset this risk, they charge higher fees and interest rates, which can add up quickly if you’re unable to repay the loan on time.

Another risk of payday loans is the potential for borrower abuse. Because payday loans are designed to be a short-term solution, they’re not meant to be used as a long-term financial strategy. Borrowers who continuously rely on payday loans may find themselves trapped in a cycle of debt that’s difficult to break free from.

Interesting Facts and Statistics About Payday Loans in Warsaw, MN

  • According to the Minnesota Department of Commerce, the average payday loan size in Minnesota is $350
  • As of 2020, there were over 75 licensed payday lenders in Minnesota
  • In 2019, payday lenders in Minnesota loaned over $534 million to borrowers

These figures demonstrate that payday loans are a prevalent form of short-term lending in Minnesota and can be an essential resource for those who need them.

Apply Now

If you’re in need of a payday loan in Warsaw, MN, TheGuaranteedLoans can help you connect with a lender who can assist you. Our online application process is quick and easy, and we’ll match you with a lender who can provide you with the funds you need as soon as possible. Remember, we’re a connector service, not a direct lender, which means we won’t make lending decisions or charge you any fees. Instead, we’ll facilitate your connection with potential lenders and help you find the lender that’s right for you.

Apply now to get started on your payday loan in Warsaw, MN, and get the financial assistance you need to manage your expenses.

F.A.Q.

Can a payday lender refuse to provide a loan if I have a poor credit score in Warsaw, Minnesota?

Yes, a payday lender can refuse to provide a loan if you have a poor credit score in Warsaw, Minnesota. However, they are required to provide information about alternative forms of credit.

Are there any alternatives to payday loans in Warsaw, Minnesota?

Yes, there are alternatives to payday loans in Warsaw, Minnesota, such as personal loans from banks or credit unions, or borrowing from friends or family. These options may have lower interest rates and fees.