Payday Loans in Economy, Indiana

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

Company nameAddressZip codePhone number
Sycamore Financial Group 2713 Rockford Ln, Kokomo, IN 46902 +1 (765) 455 - 1554
Stock Yards Bank & Trust 275 US-31, Austin, IN 47102 +1 (812) 794 - 2191
Advance America 124 E Northfield Dr Ste. J, Brownsburg, IN 46112 +1 (317) 858 - 7609
WesBanco Bank 125 W McClain Ave, Scottsburg, IN 47170 +1 (812) 752 - 4501
Boonville Federal Savings Bank 123 N 3rd St, Boonville, IN 47601 +1 (812) 897 - 2620
Community State Bank 506 E North St, Kendallville, IN 46755 +1 (260) 347 - 9000
Thrivent Financial-Lutherans 259 Indiana Ave, Valparaiso, IN 46383 +1 (219) 714 - 8263
Speedy Check Cashers 71 81st Ave, Merrillville, IN 46410 +1 (219) 756 - 6200
1st Source Bank 1620 US-35, Knox, IN 46534 +1 (574) 772 - 6211
Check Into Cash 3697 Portage Ave b, South Bend, IN 46628 +1 (574) 271 - 6936

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Economy, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Plainfield, IN, Payday Loans in Portage, IN, Emergency Loan in Richmond, IN, Payday Loans in South Bend, IN, Payday Loans in Terre Haute, IN, Payday Loans in Valparaiso, IN, Payday Loan Without a Credit Check in West Lafayette, IN and 24-Hour Loan 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 Economy, IN.

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

47339

Are Payday Loans Legal In Economy, 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%

Economy, IN payday loan calculator

Payday Loans in Economy, Indiana: An Overview

When you find yourself in a financial bind, payday loans can seem like an easy solution. These loans are a type of short-term borrowing that allows you to get cash quickly, usually when you need it the most. While they can be helpful in a pinch, it’s important to understand the terms and conditions before you take out a payday loan. Here’s what you need to know about payday loans in Economy, Indiana.

What are payday loans?

Payday loans are a type of short-term loan designed to help you get through a financial emergency. They are generally due on your next payday, which is where the name payday loan comes from. These loans are often used by people who don’t have access to other forms of credit, such as credit cards or personal loans.

How do payday loans work?

When you take out a payday loan, you agree to borrow a certain amount of money, plus a fee, which is due on your next payday. In Indiana, the maximum amount you can borrow on a payday loan is $550, and you can borrow no more than 20% of your monthly income. You’ll be required to provide proof of income, such as a pay stub, and your lender will verify your employment before they approve your loan.

Once you’re approved for a payday loan, you’ll receive the money you borrowed, minus the fee, which is usually a percentage of the amount you borrowed. Some lenders may require you to provide a post-dated check for the full amount of the loan, plus the fee, which they will cash on your next payday if you don’t repay the loan in full before then.

What are the requirements for getting a payday loan in Economy, Indiana?

To get a payday loan in Indiana, you must:

  • Be at least 18 years old
  • Have a government-issued ID
  • Be a US citizen or permanent resident
  • Have a checking account
  • Have proof of income

What are the risks of payday loans?

While payday loans can be helpful in an emergency, they come with some risks. The main risk is that they can be very expensive. The fees for payday loans in Indiana can add up quickly, especially if you don’t pay the loan back on time. If you can’t pay the loan back on time, you may be charged additional fees, which can make the loan even more expensive.

Another risk of payday loans is that they can be habit-forming. If you find yourself taking out payday loans on a regular basis, it may be a sign that you need to make some changes to your financial situation.

Interesting facts and statistics about Payday Loans in Economy, Indiana

  • In 2019, there were 317 licensed payday lenders in Indiana.
  • The average payday loan borrower in Indiana takes out eight loans per year.
  • The average payday loan in Indiana is $377, and the average fee is $62.

Apply now

If you need cash quickly, a payday loan may be a good option for you. TheGuaranteedLoans can connect you with potential lenders and help you find the right loan for your needs. Remember, we’re a connector service, not a direct lender, and we only work with reputable lenders who abide by state and federal lending laws.

Fill out our online application now and get connected with a lender today.

F.A.Q.

Is it possible to consolidate multiple payday loans in Economy, Indiana into one loan?

Yes, it may be possible to consolidate multiple payday loans in Economy, Indiana into one loan with a lower interest rate and more manageable repayment schedule. This can be done through a debt consolidation program or by refinancing the loans with a personal loan from a bank or credit union.

Are there any restrictions on how payday lenders in Economy, Indiana advertise their services?

Yes, Indiana state law has several restrictions on how payday lenders can advertise their services, including prohibitions on using false or misleading information, targeting vulnerable populations, and using aggressive or harassing sales tactics. Lenders must also clearly disclose all fees and terms of the loan in their advertising.