Payday Loans in New Waverly, Indiana

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

Company nameAddressZip codePhone number
Thrivent Financial for Lutherans 627 Tavern St, New Harmony, IN 47631 +1 (812) 962 - 4689
Cash To Payday 209 S Broadway St, Butler, IN 46721 +1 (260) 868 - 2500
Fairway Independent Mortgage Corporation 116 S Harrison St, Shelbyville, IN 46176 +1 (317) 863 - 1399
First Financial Bank 555 E 3rd St, Hobart, IN 46342 +1 (219) 942 - 1175
Lake City Bank 1221 W Lake St, Warsaw, IN 46580 +1 (574) 267 - 9191
Advance America 543 Coliseum Blvd E, Fort Wayne, IN 46805 +1 (260) 484 - 0514
First Financial Bank 2707 N 6th St, Vincennes, IN 47591 +1 (812) 882 - 4800
Fast Payday Loans Hammond 229 Fernwood St, Hammond, IN 46324
Kentland Bank 8721 N 300 W, Lake Village, IN 46349 +1 (219) 992 - 3313
EZPAWN 1815 National Rd W, Richmond, IN 47374 +1 (765) 962 - 7116

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in New Waverly, 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, Online Loans in Merrillville, IN, Payday Loans in Michigan City, IN, Short-term Loans in Mishawaka, IN, Emergency Loan in Muncie, IN, Payday Loans in New Albany, IN and Bad Credit 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 New Waverly, IN.

Are Payday Loans Legal In New Waverly, 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%

New Waverly, IN payday loan calculator

Payday Loans in New Waverly, Indiana – Everything You Need to Know

When unexpected expenses or bills come up, it can be tough for many people to make ends meet. Whether it’s a car repair, medical bill, or a home repair, these sudden expenses can leave your finances in a bind. Payday loans offer a way to get some cash when you’re in a tight spot. In this article, we’ll discuss everything you need to know about payday loans in New Waverly, Indiana. We’ll cover the application process, regulations, interest rates, and more.

What Are Payday Loans?

Payday loans are short-term loans that are designed to get you through a financial emergency. They typically come with high-interest rates and are due to be paid back on your next payday. Unlike traditional loans, payday loans require minimal paperwork and can be approved quickly.

Are Payday Loans Legal in Indiana?

Yes, payday loans are legal in Indiana. However, there are regulations that lenders must follow. According to Indiana law, the maximum you can borrow from a payday lender is $550, and the loan term cannot exceed 14 days. Additionally, lenders can charge up to 15 percent of the loan amount as a finance charge, which equates to an annual percentage rate (APR) of 391 percent.

How to Apply for a Payday Loan in New Waverly?

Applying for a payday loan in New Waverly, Indiana is a simple process. You’ll need to provide some basic information, including your name, address, and employment details. You’ll also need to provide proof of income, such as a recent pay stub. Finally, you’ll need to either provide a post-dated check or authorize the lender to withdraw the amount due from your bank account on the due date.

What Are the Pros and Cons of Payday Loans?

Like any financial product, payday loans have their pros and cons. Here are some of the advantages and disadvantages of payday loans:

  • Pros:
    • Easy application process and no credit check required
    • Get cash quickly to cover unexpected expenses
    • Can be a helpful way to get through a financial emergency
  • Cons:
    • High-interest rates and fees can lead to a cycle of debt
    • Short repayment terms can make it difficult to pay off the loan on time
    • Can lead to long-term financial problems if you become dependent on payday loans

What Are the Alternatives to Payday Loans?

If you’re considering a payday loan, it’s worth exploring some alternatives. Here are a few options:

  • Personal loan from a bank or credit union
  • Credit card cash advance
  • Negotiating a payment plan with your creditor
  • Non-profit credit counseling

Payday Loans in New Waverly – Interesting Facts and Statistics

  • According to a 2020 survey by Indiana University, more than 11 percent of Hoosiers have used a payday loan in the past five years.
  • Indiana is one of 32 states that allow payday loans.
  • The average payday loan borrower takes out eight loans per year.
  • In Indiana, borrowers can renew a payday loan up to three times. However, after the third renewal, borrowers must pay off the loan in full before taking out another loan.

Apply Now for a Payday Loan in New Waverly with TheGuaranteedLoans

If you’re facing a financial emergency, TheGuaranteedLoans can help you find a lender in New Waverly, Indiana. As a connection service, we work with a network of lenders who can offer payday loans to qualified borrowers. To get started, fill out our online application and we’ll connect you with a lender who may be able to help. Please note that TheGuaranteedLoans does not make loan decisions or provide loan funding directly. We are simply a connector service that helps connect borrowers with lenders who can assist them.

We hope this article has been helpful in explaining what you need to know about payday loans in New Waverly, Indiana. Remember, payday loans should only be used as a last resort and should be paid off as soon as possible to avoid excessive fees and interest charges.

F.A.Q.

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

Yes, there are several organizations in New Waverly, 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 New Waverly, Indiana garnish my wages if I am unable to repay the loan?

Yes, if you are unable to repay your payday loan in New Waverly, 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.