Payday Loans in Braddyville, Iowa

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

Company nameAddressZip codePhone number
Shelby County State Bank 508 Court St, Harlan, IA 51537 +1 (712) 755 - 5112
Farmers State Bank 2101 4th St SW, Waverly, IA 50677 +1 (319) 287 - 3961
Advance America 1705 S 1st Ave o, Iowa City, IA 52240 +1 (319) 341 - 8300
American Bank NA 400 West Hwy 3, Remsen, IA 51050 +1 (712) 786 - 1153
Great Western Bank 423 Broad St, Story City, IA 50248 +1 (515) 733 - 4322
Allen L. Kockler Co. 1110 6th St, Nevada, IA 50201 +1 (515) 382 - 5481
Waukon State Bank 22 W Main St, Waukon, IA 52172 +1 (563) 568 - 3451
Dan's Pawn And Gun 602 Main St, Keokuk, IA 52632 +1 (319) 524 - 3897
MEMBERS1st Community Credit Union 1021 S Marshall St, Boone, IA 50036 +1 (800) 245 - 6199
Sioux Valley Credit Union 105 Sergeant Square Dr, Sergeant Bluff, IA 51054 +1 (712) 943 - 5868

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Braddyville, 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, Payday Loans in Urbandale, IA, Same Day Loans in Waterloo, IA, No Credit Check Loans in West Des Moines, IA, Quick Loan in Ames, IA, Payday Loans in Ankeny, IA, Payday 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 Braddyville, IA.

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

51631

Are Payday Loans Legal In Braddyville, 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

Braddyville, IA payday loan calculator

Payday Loans in Braddyville, Iowa: Your Ultimate Guide

Payday loans are a type of short-term loan that can help you meet urgent financial needs. Unlike traditional loans, payday loans are typically issued for a shorter period — usually up to two weeks, or until your next paycheck arrives. If you live in Braddyville, Iowa, you may be wondering whether payday loans are legal and how they work. In this guide, we’ll answer your questions and give you all the information you need to know about payday loans in Braddyville, Iowa.

Are Payday Loans Legal in Braddyville, Iowa?

Yes, payday loans are legal in the state of Iowa, including Braddyville. However, the state has implemented certain regulations to protect borrowers and ensure that lenders adhere to ethical lending practices. According to Iowa law, the maximum amount you can borrow through a payday loan is $500, and lenders cannot charge an interest rate of more than 15% on loans of $100 or less. If you borrow more than $100, the interest rate cannot exceed 10% of the loan amount. Additionally, lenders are prohibited from charging any hidden fees or rolling over loans to extend their duration.

The Pros and Cons of Payday Loans

Before you decide to take out a payday loan in Braddyville, Iowa, it’s important to understand the advantages and disadvantages of these loans.

The Pros of Payday Loans

  • Quick and convenient: Payday loans have a fast approval process, and the funds are typically available within 24 hours.
  • No credit check required: Payday lenders don’t require a credit check, which makes these loans an option for borrowers with poor credit scores.
  • Few requirements: To qualify for a payday loan, you generally only need to provide proof of income and a form of identification.

The Cons of Payday Loans

  • High interest rates: Payday loans are associated with high interest rates, which can add up quickly if you can’t repay the loan on time.
  • Potential debt cycle: Borrowers who can’t repay the loan on time may end up rolling over or renewing the loan, which can lead to a cycle of debt.
  • May lead to financial instability: Depending on how often you take out payday loans, you may find yourself in a precarious financial situation, with little money for other expenses.

How to Apply for a Payday Loan

If you decide that a payday loan is the right option for you, here’s how you can apply:

  • Research lenders: Look for reputable lenders that have been in business for several years and have positive customer reviews.
  • Gather your documents: You’ll need to provide proof of income and a form of identification.
  • Fill out an application: Most lenders offer online applications that are quick and easy to fill out.
  • Wait for approval: Lenders typically provide an approval decision within a few hours to a day.
  • Get your funds: If you’re approved, the lender will typically deposit the funds into your bank account within 24 hours.

Apply Now

Looking for a payday loan in Braddyville, Iowa? TheGuaranteedLoans can help you connect with potential lenders. Simply fill out our online application form, and we’ll match you with lenders that suit your needs. Remember, TheGuaranteedLoans is a connector service, not a direct lender. Applying through our service is free and there’s no obligation to accept any loan offers.

Interesting Facts and Statistics

  • The average amount borrowed through a payday loan in Iowa is $341.
  • In 2019, Iowa payday lenders issued over 620,000 loans, with a total value of nearly $240 million.
  • Iowa has capped the maximum payday loan interest rate at 15% for loans up to $100, and 10% for loans over $100.
  • In a survey of Iowa payday loan borrowers, 57% reported that they had taken out a loan to cover an unexpected expense.

Conclusion

If you need cash fast and have exhausted other lending options, a payday loan may be a viable option. However, it’s important to understand the risks associated with these loans, as well as the laws and regulations that govern them in Iowa. By doing your due diligence and only borrowing what you can afford to repay, you can use a payday loan to meet short-term financial needs without putting your long-term financial stability at risk.

F.A.Q.

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

Rolling over or extending a payday loan in Braddyville, 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 Braddyville, Iowa?

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