Payday Loans in Frankton, Indiana

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

Company nameAddressZip codePhone number
Check Into Cash 1980 N Main St a, Bluffton, IN 46714 +1 (260) 824 - 5866
Check Into Cash 1509 IN-37, Elwood, IN 46036 +1 (765) 557 - 0152
ACE Cash Express 1119 E McGalliard Rd, Muncie, IN 47303 +1 (765) 741 - 9611
MoneyGram 1556 N Main St, Rushville, IN 46173 +1 (765) 938 - 2036
Via Credit Union 1033 E Main St, Gas City, IN 46933 +1 (765) 674 - 6631
Hoosier Hills Credit Union 45 Teke Burton Dr, Mitchell, IN 47446 +1 (800) 865 - 2612
KeyBank 119 E Center St Suite 1a, Warsaw, IN 46580 +1 (574) 267 - 2420
Mariner Finance 2605 Maple Point Dr, Lafayette, IN 47905 +1 (765) 449 - 0909
Heritage State Bank 1231 Hart St, Vincennes, IN 47591 +1 (812) 882 - 5560
Lake City Bank 895 N Van Buren St, Shipshewana, IN 46565 +1 (260) 768 - 4590

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Frankton, IN

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

46044

Are Payday Loans Legal In Frankton, 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%

Frankton, IN payday loan calculator

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

Are you currently living in Frankton, Indiana, and in need of some extra cash to cover your expenses? If so, then you might want to consider taking out a payday loan. These types of loans are meant to provide you with the short-term infusion of cash that you need to get to your next paycheck. While there are some potential drawbacks to payday loans, they can be an effective solution for those in need of quick funds.

What are Payday Loans?

Payday loans are short-term loans typically ranging from $100-$1500. They are meant to be a quick-fix solution for people who need quick access to cash. These loans are typically due on your next payday, which is where they get their name.

Payday loans are generally easy to qualify for as long as you have a steady income and a bank account. Many payday loan lenders do not even require a credit check or collateral, making them a popular choice for those with less than stellar credit scores or limited assets.

How Do Payday Loans Work in Frankton, Indiana?

In Indiana, payday loans are legal and regulated by state law. While lenders are not allowed to charge more than 15% interest on loans under $250, they can charge up to 390% APR for loans over $250.

This means that while payday loans can be an effective solution to a temporary cash crunch, they can also be a very expensive option if you don’t pay them off quickly.

When taking out a payday loan in Frankton, Indiana, you will typically need to provide the lender with your personal and financial information, proof of income or employment, and a post-dated check or access to your bank account. The lender will use this information to determine if you qualify for a loan, and if so, how much you can borrow.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have both advantages and disadvantages. Here are some of the pros and cons to keep in mind if you’re considering taking out a payday loan in Frankton, Indiana:

The Pros:

  • Easy to qualify for, even with bad credit;
  • Quick access to cash;
  • Can be used for any purpose;
  • Can help you avoid late fees and overdraft charges;
  • May be less expensive than other types of emergency loans.

The Cons:

  • Very high interest rates;
  • Short repayment terms;
  • Can lead to a cycle of debt and financial instability;
  • May damage your credit score;
  • Have been associated with predatory lending practices.

Before applying for a payday loan, make sure you fully understand the potential risks and benefits involved. If you decide that a payday loan is the right choice for you, be sure to borrow only what you need and can afford to repay.

Interesting Facts and Statistics about Payday Loans in Frankton, Indiana

  • In 2019, there were over 1.3 million payday loans taken out in Indiana, totaling over $385 million in loans;
  • The average payday loan borrower in Indiana takes out 8 loans per year;
  • The majority of payday loan borrowers in Indiana earn less than $30,000 per year;
  • The average interest rate for payday loans in Indiana is around 391%.

Apply Now for a Payday Loan in Frankton, Indiana

If you’re in need of some extra cash to cover your expenses until your next payday, TheGuaranteedLoans can help you connect with potential lenders that offer payday loans in Frankton, Indiana.

Our online application process is quick and easy, and we only work with reputable lenders that comply with state and federal lending laws.

Remember, we are a connector service, not a direct lender. We do not make credit decisions, and we do not charge any fees for our services. We are here to help you get the funds you need as quickly and easily as possible.

So why wait? Fill out our online application form today, and get on the path to financial stability!

F.A.Q.

Are there any restrictions on how many payday loans I can take out in Frankton, Indiana?

Yes, Indiana state law prohibits borrowers from having more than two outstanding payday loans at any given time.

What information do I need to provide in order to apply for a payday loan in Frankton, Indiana?

To apply for a payday loan in Frankton, Indiana, you will need to provide proof of income, a valid government-issued ID, and your bank account information.