Payday Loans in Carthage, Indiana

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

Company nameAddressZip codePhone number
Alliance Bank 101 W Montgomery St, Francesville, IN 47946 +1 (888) 567 - 2101
Flagstar Bank 1541 N Main St, Rushville, IN 46173 +1 (765) 932 - 4151
Northwest Bank 2034 E Center St, Warsaw, IN 46580 +1 (574) 267 - 2001
Moneysource Inc 635 N Wayne St, Angola, IN 46703 +1 (260) 665 - 1363
World Finance 1875 S US Hwy 231, Crawfordsville, IN 47933 +1 (765) 362 - 5128
US Bank 124-130, 130 E 6th St, Connersville, IN 47331 +1 (765) 825 - 2124
Gerber Collision & Glass 1775 US-31, Greenwood, IN 46143 +1 (317) 887 - 6902
Northwest Bank 1010 E Main St, Gas City, IN 46933 +1 (765) 677 - 4770
Gold N Pawn Shop Martinsville Indiana Loan, Buy, Sell Gold, Silver, Diamonds, Jewelry, Coins, Bullion, Guns & Firearms, Guitars & Musical Instruments, Power Tools, TVs & Electronics, Sports Equipment, Collectibles 590 Morton Ave, Martinsville, IN 46151 +1 (765) 315 - 0576
Fifth Third Bank & ATM 201 N Van Rensselaer St, Rensselaer, IN 47978 +1 (219) 866 - 7194

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Carthage, IN, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Anderson, IN, Payday Loans in Bloomington, IN, Online Loans in Carmel, IN, Emergency Loan in Columbus, IN, No Credit Check Loans in Elkhart, IN, Payday Loans in Evansville, IN, Same Day Loans in Fishers, IN and Payday Loans in Fort Wayne, 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 Carthage, IN.

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

46115

Are Payday Loans Legal In Carthage, 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%

Carthage, IN payday loan calculator

Everything You Need to Know About Payday Loans in Carthage, Indiana

Payday loans are an attractive option for many people who need quick cash. These loans are designed to provide borrowers with access to funds that they can use to cover unexpected expenses or emergencies until their next paycheck. They are short-term loans that typically come with a high cost and fees. If you’re in need of a payday loan in Carthage, Indiana, here’s what you need to know:

What Are Payday Loans?

Payday loans are a type of short-term loan that must be repaid by the borrower’s next paycheck. They are typically used for emergency expenses, such as car repairs, medical bills, or utility bills. Payday loans are designed to be fast and easy to obtain, with most lenders requiring little more than proof of income and a checking account.

Are Payday Loans Legal in Carthage, Indiana?

Payday loans are legal in Indiana, including Carthage. Lenders in the state are regulated by the Indiana Department of Financial Institutions. This means that any lenders who operate in Carthage must be licensed and comply with the state’s regulations on interest rates and fees.

How Do Payday Loans Work?

Payday loans work by providing borrowers with access to funds that they can use to cover emergency expenses. To obtain a payday loan, a borrower must typically provide proof of income and a checking account. They will then receive funds, usually within a few hours, which they can use to cover their expenses. When the borrower’s next paycheck arrives, they must repay the loan plus interest and fees.

Interest Rates and Fees

Payday loans in Carthage, Indiana, come with high interest rates and fees. Lenders typically charge $15 for every $100 borrowed. If a borrower takes out a $500 loan, they will owe $575 when they repay the loan (the original amount borrowed plus $75 in fees). If the borrower cannot repay the loan by their next paycheck, they may be charged additional fees or interest.

Pros and Cons of Payday Loans

Pros:

  • Quick and easy to obtain
  • No credit check required
  • Can be used for emergency expenses

Cons:

  • High interest rates and fees
  • Short repayment period
  • Can lead to a cycle of debt if not repaid on time

Interesting Facts and Statistics About Payday Loans in Carthage, Indiana

  • Indiana has the second-highest number of payday loan storefronts in the United States, trailing only Texas.
  • In 2019, Indiana lawmakers tried to pass legislation that would have increased the maximum payday loan amount from $550 to $1,500, but the bill did not pass.
  • According to a survey conducted by the Indiana Institute for Working Families, payday lenders in Indiana charge an average annual interest rate of 391%.

Apply Now

If you need a payday loan in Carthage, TheGuaranteedLoans can help connect you with potential lenders. Our online application is easy to fill out and can get you the funds you need quickly. Keep in mind that we are a connector service and not a direct lender. We work with a network of lenders who can offer you a loan that meets your needs. Apply now to get started!

F.A.Q.

Are there any organizations in Carthage, Indiana that can provide assistance with payday loan debt?

Yes, there are several organizations in Carthage, Indiana that can provide assistance with payday loan debt, including credit counseling agencies and legal aid organizations. These organizations can help you develop a repayment plan, negotiate with lenders, and explore other debt relief options.

Can a payday lender in Carthage, Indiana garnish my wages if I am unable to repay the loan?

Yes, if you are unable to repay your payday loan in Carthage, Indiana and the lender obtains a judgment against you, they may be able to garnish your wages to recover the funds. It is important to communicate with the lender and try to work out a repayment plan to avoid this outcome.