Payday Loans in Edmore, North Dakota

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

Company nameAddressZip codePhone number
American Bank Center 604 College Dr S, Devils Lake, ND 58301 +1 (701) 665 - 5000
Traill County Economic Development 102 1st St SW, Hillsboro, ND 58045 +1 (701) 636 - 4746
Bremer Bank 20 1st St SW, Minot, ND 58701 +1 (701) 852 - 3361
Eide Chrysler 1112 Missouri Ave, Bismarck, ND 58504 +1 (701) 223 - 1170
Gate City Bank 309 2nd Ave SW, Jamestown, ND 58401 +1 (701) 253 - 5000
Community Works North Dakota 200 1st Ave NW, Mandan, ND 58554 +1 (701) 667 - 7600
ND LAUNDRY AND CHECK CASHING SERVICES 10 72nd St E, Williston, ND 58801 +1 (701) 572 - 6082
Money Station 233 W Broadway Ave, Bismarck, ND 58501 +1 (701) 355 - 0569
Walmart Money Center 3757 55th Avenue South, Fargo, ND 58104
American Federal Bank 1301 30th Ave S 100, Fargo, ND 58103 +1 (701) 235 - 9906

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Edmore, ND, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Bismarck, ND, Payday Loans in Fargo, ND, Online Loans in Grand Forks, ND, Quick Loan 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 Edmore, ND.

Beautiful sights of Edmore, ND

Payday Loans Available in Edmore, ND By The Following ZIP Codes:

58330

Are Payday Loans Legal In Edmore, 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

Edmore, ND payday loan calculator

Payday Loans in Edmore, North Dakota: A Comprehensive Guide

Payday loans are an option for those who need quick cash to cover unexpected expenses. In Edmore, North Dakota, payday loans are legal and regulated by state law. If you’re considering a payday loan, it’s important to understand the regulations and guidelines in your state.

What is a Payday Loan?

A payday loan is a short-term loan that is typically due on your next payday. These loans are designed for those who need cash quickly to cover unexpected expenses, such as a car repair or medical bill. Payday loans are usually for small amounts, typically ranging from $100 to $1,500, and have higher interest rates compared to other types of loans.

Regulations for Payday Loans in North Dakota

North Dakota has specific regulations for payday loans, including the following:

  • The maximum loan amount is $500
  • The maximum loan term is 60 days
  • The maximum finance charge is 20% for the first $300 borrowed, and an additional 7.5% for any amount borrowed over $300
  • The maximum APR is 520%
  • Borrowers are limited to one loan at a time
  • Lenders must be licensed by the North Dakota Department of Financial Institutions

Benefits and Risks of Payday Loans

Payday loans can be a helpful solution for those who need quick access to cash. However, they come with higher interest rates and fees compared to other types of loans. It’s important to understand the benefits and risks of payday loans before making a decision:

Benefits of Payday Loans:

  • Quick and easy access to cash
  • No credit check required
  • Can help avoid late fees or overdrafts

Risks of Payday Loans:

  • High interest rates and fees
  • May lead to a cycle of debt
  • Can damage credit score if not paid on time

Interesting Facts and Statistics about Payday Loans in Edmore, North Dakota

  • In 2020, over 12,000 payday loans were issued in North Dakota.
  • The average payday loan amount borrowed in North Dakota is $460.
  • The average APR for payday loans in North Dakota is 520%.
  • Over 50% of borrowers in North Dakota use payday loans for recurring expenses, such as utility bills and rent.

Apply Now with TheGuaranteedLoans

At TheGuaranteedLoans, we understand finding a reliable lender can be a challenge. That’s why we’re here to help connect you with potential lenders. Fill out our online application form to get started today. Remember, we are a connector service and not a direct lender.

At TheGuaranteedLoans, we’re committed to providing comprehensive and accurate information about payday loans in Edmore, North Dakota and connecting our readers with potential lenders to meet their needs.

F.A.Q.

Can payday lenders repossess a borrower's property if they default on a payday loan in Edmore, North Dakota?

Yes, payday lenders can repossess a borrower's property if they default on a payday loan in Edmore, North Dakota. This could include repossessing a vehicle that was used as collateral for the loan or placing a lien on the borrower's property.

Can payday lenders report defaulted loans to credit bureaus in Edmore, North Dakota?

Yes, payday lenders can report defaulted loans to credit bureaus in Edmore, North Dakota. This can have a negative impact on the borrower's credit score and may make it more difficult to obtain credit in the future.

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