Payday Loans in Mooreton, North Dakota

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 Mooreton, ND. Consider companies in other cities:

Company nameAddressZip codePhone number
Cornerstone Bank 221 Main St, Makoti, ND 58756 +1 (701) 726 - 5693
Citizens State Bank of Lankin 321 Briggs Ave S, Park River, ND 58270 +1 (701) 284 - 7272
Thrivent Financial 311 1st Ave S, Jamestown, ND 58401 +1 (701) 252 - 1160
First Western Bank & Trust 855 26th Ave E, West Fargo, ND 58078 +1 (701) 551 - 1320
Payday Express Check Cashing 1017 S Washington St, Grand Forks, ND 58201 +1 (701) 746 - 5251
Farm Credit Services 210 11th St E, Bottineau, ND 58318 +1 (701) 228 - 3731
Investment Centers of America, Inc. 683 State Ave N h, Dickinson, ND 58601 +1 (701) 483 - 1100
First Community Credit Union 3201 Weiss Ave, Bismarck, ND 58503 +1 (701) 355 - 4581
First Community Credit Union 3351 32nd Ave S 3607, Grand Forks, ND 58201 +1 (701) 772 - 9960
U.S. Bank ATM - Bismarck Arrowhead 1144 N 3rd St, Bismarck, ND 58501 +1 (800) 872 - 2657

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mooreton, ND, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Bismarck, ND, Short-term Loans in Fargo, ND, Payday Loans in Grand Forks, ND, Guaranteed Loans in Minot, ND and Payday Loan for 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 Mooreton, ND.

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

58061

Are Payday Loans Legal In Mooreton, 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

Mooreton, ND payday loan calculator

Understanding Payday Loans in Mooreton, North Dakota

Payday loans refer to short-term loans that are typically used to cover unexpected expenses or bridge a gap in cash flow until the borrower’s next payday. These loans are commonly known as cash advances or paycheck advances. Although payday loans are legal in North Dakota, they are a controversial topic due to high interest rates and fees associated with them. In this article, we will explore how payday loans work in Mooreton, North Dakota, and what you need to know before considering one.

How Payday Loans Work in Mooreton, North Dakota

The payday loan process in Mooreton, North Dakota, is relatively straightforward. To qualify for a payday loan, borrowers must have a steady source of income and a valid checking account. Loans are typically between $100 and $500 and must be repaid within a short period, usually two weeks.

When a borrower is approved for a payday loan in Mooreton, North Dakota, the lender will usually ask for a post-dated check or authorization to access the borrower’s checking account. The amount borrowed plus fees and interest are then withdrawn from the borrower’s account on their payday.

Interest rates and fees associated with payday loans in Mooreton, North Dakota, can be high. On average, payday loan borrowers in North Dakota pay an annual percentage rate (APR) of 487%. Additionally, North Dakota law allows lenders to charge up to 20% of the loan amount as a fee. These fees can add up quickly, making it difficult for borrowers to repay the loan.

Pros and Cons of Payday Loans

Payday loans can be a quick solution for individuals facing unexpected expenses. However, they come with high fees and interest rates that make them a risky option for many borrowers. Here are some pros and cons to consider before applying for a payday loan in Mooreton, North Dakota.

Pros:

  • Quick access to cash
  • No credit check required
  • Few eligibility requirements

Cons:

  • High interest rates and fees
  • Short repayment terms
  • Risk of entering into a cycle of debt

It’s essential to weigh these pros and cons before deciding whether a payday loan is appropriate for your situation. Consider other options and alternatives, such as borrowing from family or friends, negotiating a payment plan, or seeking assistance from a nonprofit credit counseling agency.

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

Here are some verified facts and statistics about payday loans in Mooreton, North Dakota, and the state as a whole:

  • In North Dakota, payday lenders can charge a maximum fee of 20% of the loan amount.
  • The average payday loan size in North Dakota is $455.
  • The average APR for a payday loan in North Dakota is 487%.
  • More than 58,000 payday loans were issued in North Dakota in 2019.
  • North Dakota has the second-highest payday loan usage rate in the United States.

Apply Now through TheGuaranteedLoans

Do you need a payday loan in Mooreton, North Dakota? TheGuaranteedLoans is a connector service that can help you find a lender that meets your needs. We work with a network of trusted lenders who can provide short-term loans with competitive rates and fees.

When you apply for a payday loan through TheGuaranteedLoans, our lenders will review your application and provide an offer if you meet their requirements. You are under no obligation to accept their offer, and there is no fee to use our service. If you do accept an offer, funds can be deposited directly into your bank account as soon as the next business day.

It’s important to note that TheGuaranteedLoans is not a direct lender. We do not make credit decisions, nor do we determine loan terms or rates. Instead, we connect you with lenders who can provide the financing you need.

Conclusion

Payday loans in Mooreton, North Dakota, can be a quick solution for those facing unexpected expenses. However, they come with high fees and interest rates that make them a risky option for many borrowers. It’s important to evaluate all options and to borrow responsibly. If you do choose to apply for a payday loan, consider using TheGuaranteedLoans to connect with a lender that meets your needs.

F.A.Q.

Are there any protections in place for military service members in Mooreton, North Dakota when it comes to payday loans?

Yes, there are special protections in place for military service members in Mooreton, North Dakota when it comes to payday loans. Military service members cannot be charged interest rates higher than 36% per year on payday loans, and lenders are prohibited from garnishing their wages or repossessing their property without a court order.

Are there any resources available for borrowers in Mooreton, North Dakota who need help managing their finances and avoiding predatory payday loans?

Yes, there are resources available for borrowers in Mooreton, North Dakota who need help managing their finances and avoiding predatory payday loans. These resources may include credit counseling services, financial education programs, and community organizations that offer free or low-cost financial assistance.

Look for Short-Term Loans in Other Cities: