Payday Loans in Arcadia, Indiana

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No payday loan companies in Arcadia, IN. Consider companies in other cities:

Company nameAddressZip codePhone number
Payday Loans Fort Wayne E Dewald St, Fort Wayne, IN 46802 +1 (855) 712 - 6315
Regions Bank 2202 N 6th St, Vincennes, IN 47591 +1 (812) 291 - 5780
Payday Loans Bloomington 600 S Pleasant Ridge Rd, Bloomington, IN 47401
Jill Plante Fairway Independent Mortgage Corporation Mortgage Specialist 8200 Haverstick Road, Suites 115 & 255, Indianapolis, IN 46240 +1 (765) 491 - 6727
Woodforest National Bank 333 Boyd Blvd, La Porte, IN 46350 +1 (219) 326 - 1645
Thrivent Financial-Lutherans 110 S Buckeye St, Kokomo, IN 46901 +1 (765) 628 - 7500
Payday Loans Gary
Cash In A Flash US-41, Crown Point, IN 46307 +1 (219) 374 - 9952
AFC Automotive Finance Corp. 4425 W Washington Center Rd, Fort Wayne, IN 46818 +1 (260) 490 - 4113
Check Into Cash 1531 G St, Bedford, IN 47421 +1 (812) 278 - 9605

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Arcadia, IN, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Plainfield, IN, Payday Loans in Portage, IN, Bad Credit Loans in Richmond, IN, Payday Loans in South Bend, IN, Short-term Loans in Terre Haute, IN, Payday Loans in Valparaiso, IN, 24-Hour Loan in West Lafayette, IN and Payday Loans in Westfield, IN. 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 Arcadia, IN.

Beautiful sights of Arcadia, IN

Payday Loans Available in Arcadia, IN By The Following ZIP Codes:

46030

Are Payday Loans Legal In Arcadia, Indiana?

Loan Rates and Fees, Laws and Regulations in Indiana.

Indiana Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)382
Maximum Loan Amount$550
Minimum Loan Term14 days
Maximum Loan TermNot Specified
Number of Rollovers Allowed0
Finance Charges<$250 = 15% $250 - $400 = 13% $400 - $500 = 10%

Arcadia, IN payday loan calculator

What You Need to Know About Payday Loans in Arcadia, Indiana

If you find yourself in a financial pinch and need extra funds to cover bills, rent, or unexpected expenses, a payday loan might be a viable option for you. Payday loans are short-term, high-interest loans that are typically due on the borrower’s next payday. In Indiana, payday loans are legal and regulated by state laws to protect consumers.

How Do Payday Loans Work?

Payday loans are designed to bridge the gap between paydays for those who need money quickly. To apply for a payday loan, you will need to provide proof of income and identification. You will also need to have a checking account as most lenders require borrowers to postdate a check for the loan amount plus fees. Once approved, the loan proceeds can be deposited directly into your checking account or given to you as cash.

It’s essential to note that payday loans are not a long-term solution and that they should only be used for short-term financial needs. The interest rates on payday loans are notably high, and if not paid back on time, they can quickly become expensive and unmanageable.

Are Payday Loans Legal in Arcadia, Indiana?

Yes, payday loans are legal in Indiana, including Arcadia. The state has specific regulations in place to protect consumers from predatory lending practices. Indiana law allows for loans up to $550, with a term of 14 to 30 days. Interest rates may not exceed 15% for the first $250 borrowed, 13% for amounts between $251 and $400, and 10% for amounts between $401 and $500.

What Are the Benefits of Payday Loans?

For those who need money quickly, payday loans have several benefits. They offer quick access to funds and require minimal documentation, making them a convenient option for those who cannot obtain a traditional bank loan. Additionally, payday loans can serve as a short-term solution for improving credit scores when paid back on time.

What Are the Risks of Payday Loans?

Despite their benefits, payday loans come with significant risks. The high-interest rates and fees associated with these loans can quickly accumulate. If not paid back on time, payday loans can become hard to manage and leave borrowers in financial distress. Rolling over a payday loan or taking out a new loan to repay the previous one is a dangerous cycle that can lead to a debt trap.

Interesting Facts and Statistics About Payday Loans in Arcadia, Indiana

– The average payday loan amount in Indiana is $350.
– The average APR on payday loans in the state is 391%.
– In 2018, Hoosiers took out over 1.3 million payday loans, totaling more than $370 million.
– In the same year, the average length of a payday loan in Indiana was 20 days.
– A borrower in Indiana can only take out two payday loans at a time and can’t exceed the total of $500.

Apply Now

If you’re in need of quick cash, TheGuaranteedLoans can help you connect with potential lenders. Please note that we are not a direct lender, but a connector service that will help you find a lender that best suits your needs. To apply, fill out the online application form on our website, and we’ll work to facilitate your connection with a lender.

F.A.Q.

Can I be charged with criminal charges for not repaying a payday loan in Arcadia, Indiana?

No, Indiana state law prohibits lenders from pursuing criminal charges against borrowers who are unable to repay their payday loans.

What should I do if I am having trouble repaying my payday loan in Arcadia, Indiana?

If you are having trouble repaying your payday loan in Arcadia, Indiana, it is important to communicate with the lender and try to work out a repayment plan. You may also want to seek advice from a financial counselor or legal professional.