Payday Loans in Plainville, Indiana

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

Company nameAddressZip codePhone number
Cash King 28 Public Square, Shelbyville, IN 46176 +1 (317) 699 - 2561
Financial Partners Federal CU 22440 Main St, Woodburn, IN 46797 +1 (260) 632 - 4245
Evansville Teachers Federal Credit Union: Fort Branch 811 E Mulberry St, Fort Branch, IN 47648 +1 (812) 473 - 9700
Check n' Go 1107 W Broadway St, Princeton, IN 47670 +1 (812) 386 - 5190
check n go, Check n Go Store Directory 1107 W Broadway St, Princeton, IN 47670 +1 (812) 386 - 5190
Lighthouse Mortgage Services 651 X St, Bedford, IN 47421 +1 (812) 277 - 1032
CMC Automotive 5094 IN-16 2, Roann, IN 46974 +1 (260) 568 - 4350
Advance America 1717 South State Road 57, Ste. K, Washington, IN 47501 +1 (812) 257 - 0837
CLA CliftonLarsonAllen 9365 Counselors Row 200, Indianapolis, IN 46240 +1 (317) 574 - 9100
Speedy Check Cashers 71 81st Ave, Merrillville, IN 46410 +1 (219) 756 - 6200

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Plainville, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gary, IN, Quick Loan in Goshen, IN, Payday Loan Without a Credit Check in Granger, IN, Payday Loans in Greenwood, IN, No Credit Check Loans in Guilford, IN, Payday Loans in Hammond, IN, Payday Loans in Indianapolis, IN and No Credit Check Loans in Jeffersonville, 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 Plainville, IN.

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

47568

Are Payday Loans Legal In Plainville, 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%

Plainville, IN payday loan calculator

Payday Loans in Plainville, Indiana – A Comprehensive Guide

Payday loans are a type of short-term borrowing that has been growing in popularity across the United States, and Indiana is no exception. As a legal form of financing in Indiana, many people are attracted to payday loans because of their quick and easy approval process. However, before you decide to take out a payday loan, it’s important to understand everything you need to know about the process.

What is a Payday Loan?

A payday loan is a type of short-term borrowing that can be used to cover unexpected expenses or emergencies. These loans are typically due on the borrower’s next payday and usually have high interest rates, making them an expensive form of borrowing.

Payday Loans in Plainville, Indiana

If you live in Plainville, Indiana, and are considering a payday loan, it’s important to know that payday loans are legal in Indiana. However, there are some restrictions on the amount you can borrow and the fees that can be charged.

In Indiana, payday loans are limited to $550 or 20% of the borrower’s gross monthly income, whichever is less. The loan term cannot exceed 14 days, and the maximum finance charge is capped at 15% for the first $250 borrowed, 13% for amounts between $251 and $400, and 10% for amounts between $401 and $500.

The Pros and Cons of Payday Loans

Payday loans can be a lifesaver for people who are facing unexpected expenses or emergencies. However, they also come with some potential downsides.

Pros:

  • Quick approval process
  • No collateral required
  • Can be used for any purpose

Cons:

  • High interest rates
  • Short repayment terms
  • Potential for debt cycle

Interesting Facts and Statistics About Payday Loans in Plainville, Indiana

  • According to the Indiana Department of Financial Institutions, there were 1.3 million payday loans taken out in Indiana in 2018.
  • The average loan amount was $383, and the average finance charge was $68.
  • 76% of payday loans in Indiana are taken out within two weeks of paying off a previous payday loan.

Apply Now

If you’re considering a payday loan in Plainville, Indiana, TheGuaranteedLoans can help connect you with potential lenders. We are here to help you get the financing you need quickly and easily. Fill out our online application today to get started.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We do not make credit decisions or determine loan terms. Instead, we work with a network of reliable lenders to help you find the financing you need.

Conclusion

Payday loans can be a useful tool for those facing unexpected expenses or emergencies, but they should be approached with caution. By understanding the pros and cons of payday loans and the restrictions in Plainville, Indiana, you can make an informed decision about whether a payday loan is right for you.

F.A.Q.

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

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

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

Yes, it may be possible to consolidate multiple payday loans in Plainville, 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.