Payday Loans in Agate, North Dakota

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No payday loan companies in Agate, ND. Consider companies in other cities:

Company nameAddressZip codePhone number
BNC National Bank 205 Main St N, Watford City, ND 58854 +1 (701) 444 - 6477
Capital Financial Services 1821 W Burdick Expy, Minot, ND 58701 +1 (701) 837 - 9600
Direct Check 206 1st Ave S #110, Jamestown, ND 58401 +1 (701) 252 - 1704
Town & Country Credit Union 1101 4th St SE 101, Stanley, ND 58784 +1 (701) 628 - 2114
Fairway Independent Mortgage Corporation 3523 45th St S Suite 100, Suite 100, Fargo, ND 58104 +1 (612) 770 - 1064
Bank of the West 501 Dakota Ave, Wahpeton, ND 58075 +1 (701) 642 - 5567
Farm Credit Services 201 3rd Ave SE, Rugby, ND 58368 +1 (701) 776 - 5863
First Community Credit Union 217 Towner Ave, Larimore, ND 58251 +1 (701) 343 - 6473
United States Postal Service 209 Main Ave, Gilby, ND 58235 +1 (800) 275 - 8777
Raymond James Financial Services 11 North, Langer Ave N 310, Casselton, ND 58012 +1 (701) 492 - 2625

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Agate, ND, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Bismarck, ND, Same Day Loans in Fargo, ND, Payday Loans in Grand Forks, ND, Payday Loans in Minot, ND and Payday Loans in West Fargo, ND. 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 Agate, ND.

Are Payday Loans Legal In Agate, North Dakota?

Loan Rates and Fees, Laws and Regulations in North Dakota.

North Dakota is a state where payday lending is legally allowed. This means that you can take out payday loans with high interest rate and rollovers - but there are other states in the USA where these issues are regulated by law. If you no longer want to use payday loans, avoid taking out too many financial contracts - as this can cause negative consequences.

North Dakota Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)487
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term60 days
Number of Rollovers Allowed1
Finance Charges20% of the amount advanced

Agate, ND payday loan calculator

Payday Loans in Agate, North Dakota

Payday loans are a type of short-term borrowing that’s available to North Dakota residents in need of quick cash for an emergency expense. These loans are also known as cash advances or paycheck advances, and they can be obtained easily and with no collateral. While they can be helpful to some who need quick cash, it’s important to understand the specifics and risks of payday loans before opting for this type of financial assistance. In this article, we’ll explore payday loans in Agate, North Dakota – specifically, how they work, their requirements, and the potential consequences of using them.

How Do Payday Loans Work?

Payday loans work by allowing borrowers to obtain a small, short-term loan with the agreement to pay it back with their next paycheck. The borrower typically writes a postdated check to the lender for the full principal of the loan amount plus any applicable fees and finance charges.

The loan term is usually two weeks or until the borrower’s next payday, whichever comes first. The borrower may also choose to extend the loan, in which case they would have to pay additional fees and interest charges.

Payday lenders typically do not require collateral or a credit check, making them an attractive lending option for those with poor credit or who do not qualify for traditional bank loans. However, the convenience of obtaining a payday loan may come at a steep cost.

Requirements for Payday Loans in Agate, North Dakota

In order to obtain a payday loan in Agate, North Dakota, the borrower must meet certain eligibility requirements. These qualifications may include:

  • Being at least 18 years old
  • Having a valid government-issued ID
  • Having proof of income (pay stubs or bank statements)
  • Having an active checking account

If the borrower meets these qualifications, they may be approved for a payday loan in Agate. However, it’s important to note that just because a lender approves a loan application doesn’t mean it’s the right choice for the borrower’s financial situation.

Risks and Potential Consequences

Even though payday loans are legal in North Dakota, they can still come with potential risks and consequences that borrowers should be aware of. One of the major risks is the high-interest rates and fees associated with these loans.

Payday lenders often charge exorbitant fees and interest rates, which can make it difficult for borrowers to repay the loan on time. If the borrower is unable to pay the loan back on time, they may be subject to additional fees and charges, to be added to the already sky-high interest rates. Eventually, this cycle can lead to an unaffordable amount of debt, trapping the borrower in a continuous cycle of borrowing and repayment.

Interesting Facts and Statistics About Payday Loans in Agate, North Dakota

  • 1% of the population in Agate has taken out a payday loan at least once in their lifetime.
  • The average interest rate on a payday loan in North Dakota is over 500%.
  • Payday lenders in North Dakota have been known to charge as much as $30 per $100 borrowed.
  • In 2016, North Dakota payday loan companies made more than $13 million in fees and interest charges.

Apply Now with TheGuaranteedLoans

At TheGuaranteedLoans, we understand the financial difficulties that people in Agate, North Dakota, face when they need fast and easy access to cash. As a connector service, we work with a network of trusted lenders who offer short-term loans, including payday loans. Fill out our simple online application form, and we’ll provide you with a list of lenders who may be able to lend to you.

Remember: payday loans should be a last resort, and should be used only in case of a genuine emergency. If you need quick cash, a payday loan may seem like the easiest option, but it can quickly become a financial burden that’s hard to shake. Always make sure you understand the specifics of a loan, the interest rate, and any fees before accepting any loan offer.

F.A.Q.

Can borrowers file complaints against payday lenders in Agate, North Dakota if they feel they have been treated unfairly or illegally?

Yes, borrowers can file complaints against payday lenders in Agate, North Dakota if they feel they have been treated unfairly or illegally. Complaints can be filed with the North Dakota Department of Financial Institutions, which is responsible for regulating the payday lending industry in the state.

Can payday lenders garnish a borrower's wages if they default on a payday loan in Agate, North Dakota?

Yes, payday lenders can garnish a borrower's wages if they default on a payday loan in Agate, North Dakota. In order to garnish wages, the lender must first obtain a court judgment against the borrower and then request permission from the court to garnish the wages.

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