Payday Loans in Bippus, Indiana

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

Company nameAddressZip codePhone number
Citizens State Bank 1802 N Main St, Rushville, IN 46173 +1 (765) 932 - 3288
Check Into Cash 1250 W 15th St, Auburn, IN 46706 +1 (260) 927 - 0377
Advance America 3930 N Newton St, Jasper, IN 47546 +1 (812) 634 - 7574
Steve Jackson - Raymond James 1821 Dogwood Dr, Kokomo, IN 46902 +1 (765) 452 - 2652
Our Community Bank 102 S Main St, Cloverdale, IN 46120 +1 (765) 795 - 2222
Old National Bank 529 Main St, Tell City, IN 47586 +1 (812) 548 - 2000
WesBanco Bank 125 W McClain Ave, Scottsburg, IN 47170 +1 (812) 752 - 4501
BMO Harris Bank - Mortgage Banker Robert N Woodard 6205 Allisonville Rd, Indianapolis, IN 46220 +1 (317) 201 - 5996
Fairway Independent Mortgage Corporation 116 S Harrison St, Shelbyville, IN 46176 +1 (317) 863 - 1399
CheckSmart 1528 S Nappanee St, Elkhart, IN 46516 +1 (574) 294 - 5906

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Bippus, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Kokomo, IN, Payday Loans in Lafayette, IN, Payday Loans in Merrillville, IN, Payday Loans in Michigan City, IN, Payday Loans in Mishawaka, IN, Same Day Loans in Muncie, IN, Guaranteed Loans in New Albany, IN and Payday Loans in Noblesville, 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 Bippus, IN.

Are Payday Loans Legal In Bippus, 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%

Bippus, IN payday loan calculator

Payday Loans in Bippus, Indiana: What You Need to Know

If you’re struggling to make ends meet in Bippus, Indiana, you might be considering a payday loan. A payday loan is a short-term loan that can help you cover unexpected expenses or bridge the gap between paychecks. But before you take out a payday loan, it’s important to understand the laws and regulations surrounding them in Indiana, as well as the potential risks and benefits.

Are Payday Loans Legal in Indiana?

Yes, payday loans are legal in Indiana. According to Indiana Code § 24-4-4.5-7, payday loans must follow certain regulations to protect consumers. These regulations include:

  • Lenders must be licensed by the Indiana Department of Financial Institutions.
  • Borrowers can only take out one payday loan at a time.
  • The loan amount cannot exceed 20% of the borrower’s gross monthly income.
  • The loan term cannot exceed 14 days.
  • Lenders cannot charge more than 15% per $100 borrowed.

It’s important to note that these regulations are put in place to protect consumers from predatory lending practices. However, payday loans are still an expensive form of credit and should only be used as a last resort.

The Pros and Cons of Payday Loans

Before deciding to take out a payday loan, it’s important to weigh the potential benefits and risks:

Pros:

  • Quick access to cash.
  • No credit check required.
  • Can help you cover unexpected expenses.

Cons:

  • High interest rates and fees.
  • Short repayment terms can lead to a cycle of debt.
  • Can negatively impact your credit score if not paid on time.

It’s important to take these pros and cons into consideration and only take out a payday loan if you are confident you can repay it in full on time.

Interesting Facts and Statistics about Payday Loans in Bippus, Indiana

  • In 2020, the average payday loan borrower in Indiana took out 11 loans per year.
  • The average payday loan amount in Indiana was $325 in 2020.
  • According to a survey by the Indiana Institute for Working Families, 60% of payday loan borrowers in Indiana have an annual income of less than $30,000.

These statistics highlight the fact that payday loans are often used by low-income individuals and can lead to a cycle of debt if not used responsibly.

Apply Now

If you’ve weighed the potential risks and benefits and have decided to apply for a payday loan, TheGuaranteedLoans can help connect you with potential lenders. As a connector service, we work with a network of trusted lenders to help you find the best loan for your needs.

To start the application process, simply fill out our online application form. We’ll ask you for some basic information, including your name, address, and employment status. Once you submit your application, one of our lenders will review it and contact you with next steps, if approved.

Remember, payday loans are a serious form of credit and should only be used as a last resort. If you’re struggling with debt or financial hardship, there may be better options available to you, such as credit counseling or a personal loan. It’s important to explore all of your options and make an informed decision.

F.A.Q.

What are the requirements for obtaining a payday loan in Bippus, Indiana?

in Bippus, Indiana, borrowers must be at least 18 years old, have a valid government-issued ID, and provide proof of income and a valid checking account in order to obtain a payday loan.

Can I still qualify for a payday loan if I have bad credit?

Yes, payday loans do not require a credit check, so borrowers with bad credit can still qualify for a payday loan in Bippus, Indiana.