Payday Loans in Helmsburg, Indiana

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

Company nameAddressZip codePhone number
The Fountain Trust Company 615 3rd St, Covington, IN 47932 +1 (765) 793 - 2237
CheckSmart 1607 Elkhart Rd, Goshen, IN 46526 +1 (574) 533 - 9952
Partners 1st Federal Credit Union 6210 W Jefferson Blvd, Fort Wayne, IN 46804 +1 (260) 459 - 1443
Advance America 1701 W McGalliard Rd #1, Muncie, IN 47304 +1 (765) 284 - 0232
Advance America 240 S Jefferson St f, Huntington, IN 46750 +1 (260) 356 - 9638
Kyle Benedict Fairway Independent Mortgage Corporation Loan Officer 17819 Commerce Dr, Westfield, IN 46074 +1 (317) 250 - 9617
Hoosier Heartland State Bank 1661 South, US-231, Crawfordsville, IN 47933 +1 (765) 364 - 0784
Horizon Bank 116 W Mitchell St, Kendallville, IN 46755 +1 (260) 347 - 5100
SCS Credit Corporation 900 E Colfax Ave 200, South Bend, IN 46617 +1 (574) 239 - 2000
Republic Bank 3001 Charlestown Crossing Way Ste 5, New Albany, IN 47150 +1 (812) 949 - 2600

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Helmsburg, 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%

Helmsburg, IN payday loan calculator

Understanding Payday Loans in Helmsburg, Indiana

Payday loans have been a source of financial assistance for many individuals in times of need. If you live in Helmsburg, Indiana, and need financial assistance to cover unexpected expenses, a payday loan could be a solution for you. This type of loan has become increasingly popular in Helmsburg and throughout Indiana, but it’s important to understand the key factors before applying.

What are Payday Loans?

Payday loans are short-term loans designed to be paid back within a few weeks, typically at the borrower’s next payday. These loans are generally small, ranging from $50 to $1,000, although the legal maximum amount for a payday loan in Indiana is $550. Payday loans are unsecured, meaning they don’t require collateral like a car or house. Instead, they rely on the borrower’s income and creditworthiness as collateral.

How Do Payday Loans Work in Helmsburg, Indiana?

In Indiana, payday loans are legal, with some regulations by the Indiana Department of Financial Institutions. Payday lenders in Helmsburg, Indiana, follow these regulations to ensure consumers have the necessary information to make an informed decision and protect them against predatory lending practices.

Before taking out a payday loan, you’ll need to provide the lender with proof of income and a checking account. You’ll also have to sign a loan agreement outlining the terms and conditions of the loan, including the fees and interest rates.

The maximum amount you can borrow with a payday loan in Indiana is $550, and the term must not exceed 31 days. Indiana law also restricts the annual percentage rate (APR) to a maximum of 391%.

The Pros and Cons of Payday Loans in Helmsburg, Indiana

Like any financial decision, payday loans have both advantages and disadvantages. Here are some of the pros and cons to consider before applying:

The Pros:

  • Quick and easy application process
  • No credit check required
  • Funds are available the same day or next day
  • Can be used for any purpose
  • Can help improve credit score if paid back on time

The Cons:

  • High fees and interest rates
  • Short repayment term, typically less than two weeks
  • Risk of falling into a cycle of debt
  • May not be available in all states
  • Can damage your credit score if not paid back on time

Interesting Facts and Statistics about Payday Loans in Helmsburg, Indiana

  • According to a report by the Indiana Institute for Working Families, the average payday borrower in Indiana takes out 10 loans per year, with an average loan size of $322.
  • In 2019, Indiana payday lenders charged an average of 391% APR on payday loans, well above the national average of 400%.
  • Indiana law requires payday lenders to offer a repayment plan to borrowers who take out three or more consecutive loans, allowing them to pay back the loan in installments over a longer period.

Applying for a Payday Loans Through TheGuaranteedLoans

TheGuaranteedLoans is a lender-connection service that helps you connect with potential lenders quickly and easily. We understand that financial emergencies happen, and we’re here to help people find the financial assistance they need.

If you’re considering a payday loan, our online application process is simple and straightforward. Simply fill out our secure online application, and we’ll connect you with potential lenders who meet your needs and qualifications. Keep in mind that TheGuaranteedLoans is not a direct lender, but rather a facilitator that works to connect you with lenders who can provide the payday loan you’re looking for.

Conclusion

Payday loans can be a helpful source of emergency funding, but they’re not without risks. Be sure to compare lenders and understand the fees and terms before taking out a payday loan. Remember that TheGuaranteedLoans can help you find the right lender for your needs, but always borrow responsibly and pay back the loan on time.

F.A.Q.

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

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

How do I repay my payday loan in Helmsburg, Indiana?

Payday loans in Helmsburg, Indiana are typically repaid through automatic withdrawal from the borrower's bank account on the due date.