Payday Loans in Niagara, 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 Niagara, ND. Consider companies in other cities:

Company nameAddressZip codePhone number
Bank of the West 150 W Villard St, Dickinson, ND 58601 +1 (701) 483 - 0801
United States Postal Service 221 Harvey Ave, Minto, ND 58261 +1 (800) 275 - 8777
Western Cooperative Credit Union 721 State Ave, Dickinson, ND 58601 +1 (701) 483 - 0188
Direct Check 307 S 3rd St, Bismarck, ND 58504 +1 (701) 667 - 2969
First Dakota Bank 1 1st St E, New Leipzig, ND 58562
Traill County Abstract & Title 24 1st St NW, Hillsboro, ND 58045 +1 (701) 636 - 4880
AgCountry Farm Credit Services 2506 3rd Ave SW, Jamestown, ND 58401 +1 (701) 252 - 5242
Watford City Bancshares Inc 100 N Main St, Watford City, ND 58854 +1 (701) 842 - 2381
Walz Financial Services 1800 E Main St, Mandan, ND 58554 +1 (701) 222 - 0760
Red D Cash 3060 25th St S, Fargo, ND 58103 +1 (701) 235 - 4210

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Niagara, ND

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

58266

Are Payday Loans Legal In Niagara, 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

Niagara, ND payday loan calculator

Payday Loans in Niagara, North Dakota

When unexpected expenses arise, many people turn to payday loans as a quick and easy solution to their financial needs. While payday loans can be helpful in some situations, it’s essential to understand the risks and benefits before taking out this type of loan.

What are Payday Loans?

Payday loans are small, short-term loans that typically have a term of two weeks or less. These loans are meant to help individuals cover unexpected expenses, such as car repairs, medical bills, or other emergencies. The borrower writes a post-dated check for the loan amount plus fees, and the lender holds the check until the borrower’s next payday.

In Niagara, North Dakota, payday loans are legal and regulated by state law. Borrowers can take out loans for up to $500 with a maximum term of 60 days. Lenders in North Dakota can charge up to 20% of the loan amount plus a $20 administrative fee. This can result in a high annual percentage rate (APR) for borrowers, typically over 400%. Therefore, it’s essential to carefully consider the costs and risks before taking out a payday loan.

The Pros and Cons of Payday Loans

While payday loans can be a helpful solution in some situations, there are several potential drawbacks to consider:

  • High Fees and Interest Rates: As mentioned, payday loans often come with high fees and interest rates, resulting in a high total cost of borrowing.
  • Risk of Debt Cycle: Because payday loans are due back in a short period, borrowers may find themselves unable to pay back the loan and end up in a cycle of debt, borrowing more to pay off the previous loan.
  • Concerns About Lender Practices: Some payday lenders have been accused of predatory practices, such as offering loans to those who cannot afford to repay them or using aggressive debt collection tactics.

Despite these drawbacks, there are some potential benefits to payday loans:

  • Quick and Convenient: Payday loans can be a fast and straightforward way to get cash when it’s needed most, without the hassle of a lengthy application process.
  • Accessible to Those with Bad Credit: Because payday lenders typically only require proof of income and a checking account, those with bad credit may still be able to qualify for a loan.
  • Regulated by State Law: In North Dakota, payday loans are legal and regulated, providing some consumer protections for borrowers.

The Application Process

When applying for a payday loan, borrowers typically fill out an application either online or in person at a lender’s storefront. Applicants will need to provide proof of income, identification, and a checking account to be considered for a loan.

Once approved, the lender will typically provide the loan funds in cash or deposit them directly into the borrower’s checking account. Borrowers will need to repay the loan plus fees by the due date, usually their next payday. If unable to pay, they may have the option to roll over the loan for an additional fee.

Interesting Facts and Statistics

  • North Dakota has some of the lowest payday loan rates in the nation: According to the Center for Responsible Lending, North Dakota has an average payday loan interest rate of 15%, significantly lower than the national average of 391%.
  • Payday loans are often used for recurring expenses: According to a study by Pew Charitable Trusts, 58% of payday loan borrowers in the U.S. struggle to meet recurring expenses such as rent and utilities.
  • Payday loans disproportionately affect low-income communities: According to the Consumer Financial Protection Bureau, those earning less than $20,000 a year account for 60% of payday loan borrowers in the U.S.

Apply Now with TheGuaranteedLoans

If you are considering a payday loan in Niagara, North Dakota, TheGuaranteedLoans can help you connect with potential lenders. We are a connector service, not a direct lender, and can help you find lenders who may be able to provide the cash you need.

To get started, simply fill out our online application with your personal and financial information. We will then connect you with lenders who may be able to provide you with a loan offer. Review the loan terms and decide if it’s right for you. If so, accept the offer, and the funds could be deposited into your checking account as soon as the next business day.

Final Thoughts

While payday loans can be a useful tool in some situations, they come with high fees and interest rates and can lead to a cycle of debt for some borrowers. If considering a payday loan in Niagara, North Dakota, be sure to carefully consider the costs and risks, and only borrow what you can afford to repay. As always, it is essential to shop around and compare loan offers to find the best fit for your financial needs.

F.A.Q.

Can I apply for a payday loan online in Niagara, North Dakota?

Yes, many payday lenders in Niagara, North Dakota offer the option of applying for a loan online through their website. This can be a convenient and fast way to apply for a loan, and you may be able to receive an approval decision and funds within a few hours.

Are there any alternatives to payday loans in Niagara, North Dakota?

If you are considering a payday loan in Niagara, North Dakota, it is important to explore all of your options before taking out a loan. Some alternatives to payday loans include borrowing from friends or family, using a credit card, or applying for a personal loan from a bank or credit union.

Look for Short-Term Loans in Other Cities: