Payday Loans in Correctionville, Iowa

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

Company nameAddressZip codePhone number
Bank of the West 525 Main St, Ames, IA 50010 +1 (515) 232 - 8664
United Bank of Iowa 1609 Hawkeye Dr, Boone, IA 50036 +1 (515) 432 - 2028
Midstates Bank 103 Maple St, Mondamin, IA 51557 +1 (712) 646 - 2421
Peoples Credit Union 1717 5th Ave S, Fort Dodge, IA 50501 +1 (515) 573 - 8991
Financial Services Group 217 W Welsh St, Williamsburg, IA 52361 +1 (319) 668 - 1270
Steven A Gantz - Ameriprise Financial Services, LLC 24 E Main St 102, Marshalltown, IA 50158 +1 (641) 352 - 5003
Wayland State Bank 109 S Locust St, Winfield, IA 52659 +1 (319) 257 - 3305
First Security 3598 Orchid Ave, Manly, IA 50456 +1 (641) 454 - 2255
Farm Credit Services of America 345 Fair Meadow Dr, Webster City, IA 50595 +1 (515) 832 - 3435
Wagner Accounting & Tax Service 607 Myatt Dr 1, Maquoketa, IA 52060 +1 (563) 652 - 5152

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Correctionville, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Marion, IA, Same Day Loans in Sioux City, IA, Emergency Loan in Urbandale, IA, Payday Loans in Waterloo, IA, Payday Loan for West Des Moines, IA, Payday Loans in Ames, IA, Payday Loans in Ankeny, IA and Bad Credit Loans in Bettendorf, 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 Correctionville, IA.

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

51016

Are Payday Loans Legal In Correctionville, 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

Correctionville, IA payday loan calculator

Payday Loans in Correctionville, Iowa

Payday loans are a type of short-term borrowing that can be a useful option for people facing unexpected expenses, such as a car repair or medical bill. These loans are typically small, with amounts ranging from $100 to $1,000, and are meant to be repaid within a few weeks. In Correctionville, Iowa, payday loans are legal, but there are regulations in place to protect borrowers.

The Basics of Payday Loans in Correctionville

In Iowa, payday loans are regulated by the Iowa Division of Banking. The maximum amount that a borrower can take out is $500, and the loan must be repaid within 31 days. Lenders in Correctionville are required to be licensed by the state and can charge a maximum interest rate of $15 for every $100 borrowed. This means that if you take out a $100 loan, you will pay a maximum of $15 in interest.

It’s important to note that payday loans can be expensive, so they should only be used as a last resort. If you are unable to repay the loan on time, you may incur additional fees and penalties. This can lead to a cycle of debt that is difficult to break free from.

The Application Process

The application process for a payday loan in Correctionville is relatively simple. You will need to provide proof of income, such as a pay stub or bank statement, and a government-issued ID. You will also need to provide your contact information and bank account details. The lender will use this information to determine if you are eligible for a loan.

Once you are approved, you will receive the loan funds directly into your bank account. The entire process can be completed in as little as one business day, making payday loans a fast and efficient option for those in need of quick cash.

Repaying Your Loan

When it comes time to repay your loan, the lender will automatically withdraw the funds from your bank account. This will include the loan amount plus any interest and fees. It’s important to make sure you have enough money in your account to cover the repayment.

It’s also possible to request an extension on your loan if you are unable to repay it on time. However, this will typically result in additional fees and interest, so it should be avoided if possible.

Interesting Facts about Payday Loans in Correctionville, Iowa

  • Payday loans are legal in Iowa, but the state has implemented regulations to protect borrowers from excessive fees and interest rates.
  • In 2019, there were nearly 300 payday lenders operating in Iowa.
  • The average payday loan in Iowa is for $341, and borrowers typically take out six loans per year.
  • Prior to the regulations being put in place, some Iowa borrowers were paying interest rates of up to 400% on payday loans.

Apply Now

If you are in need of a payday loan in Correctionville, Iowa, TheGuaranteedLoans can help. We are a connector service that works with a network of lenders to help you find the right loan for your needs. Our online application process is fast and easy, and we will do our best to connect you with a lender who can provide the funds you need. Please note that we are not a direct lender and cannot guarantee loan approval.

Apply now and get the cash you need to cover unexpected expenses.

Important Note: Payday loans should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before considering payday loans. Learn more about our fees and charges here.

F.A.Q.

What is a payday loan in Correctionville, Iowa?

A payday loan is a short-term, high-interest loan that is intended to be repaid on the borrower's next payday.

How do I qualify for a payday loan in Correctionville, Iowa?

To qualify for a payday loan in Correctionville, Iowa, you must be at least 18 years old, have a regular source of income, and have an active checking account.