Payday Loans in Wolverton, Minnesota

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

Company nameAddressZip codePhone number
Voyageur Financial 14093 Commerce Ave NE 100, Prior Lake, MN 55372 +1 (952) 447 - 5626
Wadena State Bank 304 1st St SE, Wadena, MN 56482 +1 (218) 631 - 1860
United Valley Bank 203 2nd St S, Hallock, MN 56728 +1 (218) 843 - 3641
Altra Federal Credit Union 205 N Chestnut St 102, La Crescent, MN 55947 +1 (507) 895 - 3700
U.S. Bank Branch 320 S 6th St, Brainerd, MN 56401 +1 (218) 828 - 5424
Town & Country Abstract-Title 212 Main St SW, Preston, MN 55965 +1 (507) 765 - 5270
Jackson Hewitt Tax Service 415 34th St N, Dilworth, MN 56529 +1 (888) 325 - 1040
Security Bank & Trust Co. 735 11th St E, Glencoe, MN 55336 +1 (320) 864 - 3171
Premier Mortgage of Rochester 3135 Superior Dr NW, Rochester, MN 55901 +1 (507) 285 - 9898
Brainerd Savings and Loan 494-576 Dellwood Dr N, Baxter, MN 56425

Payday Loan Companies in Nearby Cities

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

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

56594

Are Payday Loans Legal In Wolverton, 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

Wolverton, MN payday loan calculator

Understanding Payday Loans in Wolverton, Minnesota

When times are tough, and bills are piling up, it can be difficult to make ends meet. If you’re considering a payday loan in Wolverton, Minnesota, it’s essential to know how these loans work and what to expect.

What Are Payday Loans?

Payday loans are a type of short-term loan designed to help people cover unexpected expenses until their next payday. These loans typically have high-interest rates and can be expensive if not paid back promptly.

In Minnesota, payday loans are legal and can offer a valuable solution for those who need cash fast. However, it’s crucial to understand the risks and to make sure you can repay the loan on time before borrowing.

The Pros and Cons of Payday Loans in Wolverton, Minnesota

Before applying for a payday loan, it’s essential to weigh the pros and cons.

Pros:

  • Available to people with bad credit
  • Quick and easy to obtain
  • No collateral required

Cons:

  • High-interest rates
  • Short repayment terms
  • Can lead to a cycle of debt

It’s essential to consider your financial situation carefully and to make sure you can afford to repay the loan before applying.

The Rules and Regulations Around Payday Loans in Wolverton, Minnesota

Minnesota has strict rules in place to protect consumers from predatory lenders. The state caps payday loans at $350 for loans with a term of 30 days or less. The maximum finance charge is $15 for every $100 borrowed, and lenders cannot charge more than that amount.

In addition, lenders in Minnesota must be licensed and operate within the state’s regulatory guidelines. Borrowers should carefully review the terms and conditions of any loan before applying and make sure they understand the repayment terms.

Applying for a Payday Loan in Wolverton, Minnesota

If you’re interested in a payday loan in Wolverton, Minnesota, the process is relatively simple.

First, find a reputable lender and review their terms and conditions. Make sure you understand the total cost of the loan, including any fees or interest charges.

Next, fill out the online application, providing your personal and financial information. Once you submit the application, a lender will review your information and decide whether to approve your loan.

Finally, if approved, the funds will be deposited directly into your bank account. Make sure you understand the repayment terms and set up automatic payments if possible to avoid late fees or default charges.

Interesting Facts About Payday Loans in Wolverton, Minnesota

  • The average payday loan amount in Minnesota is $380.
  • Minnesota has some of the strictest payday lending laws in the country.
  • The average APR on a payday loan in Minnesota is 273%.
  • The payday lending industry generates more than $3 billion in revenue each year.
  • Payday loans are meant to be short-term loans, but the average borrower is in debt for six months out of the year.

Apply Now

If you’re in need of a payday loan in Wolverton, Minnesota, TheGuaranteedLoans can help. We’re a connection service, not a direct lender, but we can connect you with potential lenders who may be able to offer you a loan that meets your needs.

Our process is easy and straightforward. Simply fill out the online application, and we’ll match you with lenders who meet your needs. There’s no obligation to accept any loan offers, and the process is entirely free.

Don’t let financial stress get you down. Apply for a payday loan today and get the cash you need to take control of your finances.

F.A.Q.

Can a payday lender garnish my wages if I fail to repay the loan?

No, a payday lender cannot garnish your wages in Wolverton, Minnesota unless they obtain a court order.

Can I take out multiple payday loans at the same time in Wolverton, Minnesota?

No, Minnesota law limits consumers to only one outstanding payday loan at a time.