Payday Loans in Birmingham, Iowa

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Birmingham, IA. Consider companies in other cities:

Company nameAddressZip codePhone number
MBT Bank Downtown Clear Lake 300 1st Ave N, Clear Lake, IA 50428 +1 (641) 357 - 7074
Wayland State Bank 109 S Locust St, Winfield, IA 52659 +1 (319) 257 - 3305
Legacy Bank 215 Center Ave S, Mitchellville, IA 50169 +1 (515) 967 - 5141
Dupaco ATM & Live Video Teller Outlet at MercyOne Waterloo Medical Center 3421 W 9th St, Waterloo, IA 50702 +1 (800) 373 - 7600
Menke & Company CPA 3915 Main St, Keokuk, IA 52632 +1 (319) 524 - 1040
Mister Money USA 1417 4th St SW, Mason City, IA 50401 +1 (641) 423 - 3525
Community 1st Credit Union 1940 Venture Dr, Ottumwa, IA 52501 +1 (641) 684 - 2127
Peoples State Bank - Motor Branch 217 S Main St, Albia, IA 52531 +1 (641) 932 - 7887
Reliance State Bank 175 E 3rd St, Garner, IA 50438 +1 (641) 923 - 2801
Advance America 620 Lincoln Way Ste. 3, Ames, IA 50010 +1 (515) 233 - 0606

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Birmingham, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Sioux City, IA, 24-Hour Loan in Urbandale, IA, Quick Loan in Waterloo, IA, Same Day Loans in West Des Moines, IA, Short-term Loans in Ames, IA, Guaranteed Loans in Ankeny, IA, Guaranteed Loans in Bettendorf, IA and Online Loans in Cedar Falls, IA. 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 Birmingham, IA.

Beautiful sights of Birmingham, IA

Payday Loans Available in Birmingham, IA By The Following ZIP Codes:

52535

Are Payday Loans Legal In Birmingham, Iowa?

Loan Rates and Fees, Laws and Regulations in Iowa.

Iowa Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)337
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges$15 on the first $100 + >$10 on subsequent $100

Birmingham, IA payday loan calculator

Understanding Payday Loans in Birmingham, Iowa

Payday loans are an option for people who need quick cash to cover emergency expenses. These loans can be useful in a pinch, but they come with high interest rates and fees that can trap borrowers in a cycle of debt. Birmingham, Iowa residents have access to payday loans, but it is essential to understand the terms and conditions associated with this type of financing.

What Are Payday Loans?

Payday loans are short-term loans designed to help borrowers cover unexpected expenses until their next paycheck. In Birmingham, Iowa, payday loans are legal, and borrowers can apply for loans up to $500. These loans typically require a postdated check or authorization to access the borrower’s checking account to secure the loan.

To qualify for a payday loan, borrowers must have a steady income and a checking account. The borrower must also be at least 18 years old and a resident of Birmingham, Iowa. There is no credit check required to apply for a payday loan, which makes this type of financing accessible to people with poor credit or no credit history.

The Pros and Cons of Payday Loans

Like any type of financing, payday loans have both advantages and disadvantages. Understanding these pros and cons can help borrowers make informed decisions about whether to take out a loan.

Pros:

  • Fast access to cash
  • No credit check
  • No collateral required
  • Can be useful in emergencies

Cons:

  • High interest rates and fees
  • Short repayment terms (usually two weeks)
  • Risk of getting trapped in a cycle of debt
  • Can lead to financial hardship

Paying Back Your Payday Loan

When a borrower takes out a payday loan, the loan’s repayment terms are usually two weeks. When the loan comes due, the borrower can pay it back in full, or they can extend the loan by paying only the interest and fees. If the borrower extends the loan, they will owe more interest and fees, which can lead to a cycle of debt.

It’s essential to understand the repayment terms before taking out a payday loan and to make sure the borrower can pay the loan back in full. If the borrower cannot repay the loan, it can lead to late fees, additional interest, and damage to their credit score.

Applying for a Payday Loan

If you’re considering applying for a payday loan in Birmingham, Iowa, it’s essential to do your research and to make sure you understand the terms and conditions of the loan. TheGuaranteedLoans is a connector service, not a direct lender, and we can help match borrowers with potential lenders.

Our online application process is quick and easy, and we work with lenders who offer payday loans with reasonable terms and conditions. We encourage our readers to apply for a payday loan only if it is necessary, and they’re confident they can repay the loan in full with interest and fees.

Interesting Facts and Statistics about Payday Loans in Birmingham, Iowa

  • Iowa has more payday lending stores than it has McDonald’s restaurants.
  • In 2016, Iowa payday lenders collected over $52 million in interest and fees on loans to more than 160,000 borrowers.
  • Payday loans in Iowa carry an average interest rate of 273%, with some lenders charging as much as 400%.
  • The average payday loan in Iowa is $341, and borrowers typically take out eight loans per year.

Apply Now

If you’re considering applying for a payday loan in Birmingham, Iowa, TheGuaranteedLoans can help. Our simple online application process takes just a few minutes to complete, and we can connect you with potential lenders who offer payday loans with reasonable terms and conditions. We encourage our readers to apply for a payday loan only if it is necessary, and they’re confident they can repay the loan in full with interest and fees.

F.A.Q.

Can I rollover or extend a payday loan in Birmingham, Iowa?

Rolling over or extending a payday loan in Birmingham, Iowa is not allowed. If you are unable to repay your loan on the agreed-upon date, you may be able to work out a payment plan with your lender.

Are there any restrictions on the use of payday loan funds in Birmingham, Iowa?

Yes, in Birmingham, Iowa, payday loan funds must be used for personal, family, or household purposes only. They cannot be used for business or investment purposes.