Payday Loans in Cromwell, Iowa

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

Company nameAddressZip codePhone number
Peoples Bank 1021 Main St, Scranton, IA 51462 +1 (712) 652 - 3311
Lois James - Raymond James 673 Westbury Dr, Iowa City, IA 52245 +1 (319) 354 - 7113
Woodhouse Chevy Buick Service & Parts 1951 US-30 Suite 2, Missouri Valley, IA 51555 +1 (712) 396 - 1972
Alternative Business Lending 836 N Hampshire Ave, Mason City, IA 50401 +1 (641) 583 - 3701
TDT CPAs and Advisors, P.C. 500 Cedar St, Muscatine, IA 52761 +1 (563) 264 - 2727
Payday Loans 615 N 3rd St, Red Oak, IA 51566 +1 (712) 623 - 2040
Gunderson Kathy L 29507 Harding Rd, Postville, IA 52162 +1 (563) 864 - 7016
Community Business Lenders Servicing Company 5000 Westown Pkwy 420, West Des Moines, IA 50266 +1 (515) 221 - 6110
Farmers State Bank 106 E Cedar St, Marcus, IA 51035 +1 (712) 376 - 4154
MoneyGram 626 S Monroe Ave, Mason City, IA 50401 +1 (641) 424 - 5750

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cromwell, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Waterloo, IA, Payday Loans in West Des Moines, IA, No Credit Check Loans in Ames, IA, Same Day Loans in Ankeny, IA, Payday Loan Without a Credit Check in Bettendorf, IA, Same Day Loans in Cedar Falls, IA, Emergency Loan in Cedar Rapids, IA and Payday Loans in Council Bluffs, 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 Cromwell, IA.

Beautiful sights of Cromwell, IA

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

50842

Are Payday Loans Legal In Cromwell, 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

Cromwell, IA payday loan calculator

Payday Loans in Cromwell, Iowa: All You Need to Know

When facing financial difficulties, it’s common to look for a quick solution. Payday loans are one option that many people consider. If you are a resident of Cromwell, Iowa, and are considering a payday loan, there are some things you should know.

What is a Payday Loan?

A payday loan is a short-term loan that allows borrowers to cover urgent expenses until their next paycheck. Payday loans are designed to help in emergencies and are not intended to be a long-term financial solution. Typically, these loans must be repaid within two to four weeks.

Payday loans are popular because they have fewer requirements compared to conventional loans, and the application process is quick and straightforward. However, they often come with high-interest rates and fees, which can make them expensive in the long run.

Legal Status of Payday Loans in Cromwell, Iowa

Payday loans are legal in Iowa. The laws regulating payday loans vary from state to state, and in Iowa, the maximum loan amount is $500. The maximum fee lenders can charge is $15 on the first $100 borrowed, $10 per $100 for the amount above $100 up to $200, and $5 per $100 for the amount above $200.

Additionally, Iowa law allows borrowers to have only one payday loan at a time and a cooling-off period of at least one day after the repayment of the loan before taking out another. Furthermore, lenders in Iowa are required to disclose all loan terms and conditions before borrowers sign a loan agreement.

Requirements for a Payday Loan in Cromwell, Iowa

The requirements to take out a payday loan in Cromwell, Iowa are:

  • Must be at least 18 years old.
  • Have a steady income source.
  • Have a valid ID.
  • Have a checking account.

Some lenders may have additional requirements, so it’s always best to check with the lender before applying.

Pros and Cons of Payday Loans

Before taking out a payday loan, it’s crucial to weigh the pros and cons.

Pros:

  • Quick and easy application process.
  • No collateral required.
  • Can be helpful in emergencies.

Cons:

  • High-interest rates and fees.
  • Can lead to a cycle of debt.
  • Not a long-term financial solution.

Interesting Facts and Statistics

  • The average payday loan in Iowa is $323 (Source: Iowa Division of Banking).
  • Iowa has 175 payday lenders (Source: Iowa Division of Banking).
  • The average APR for a payday loan in Iowa is 330% (Source: Iowa Attorney General).

Apply Now for a Payday Loan in Cromwell, Iowa

TheGuaranteedLoans is a connector service that aims to help borrowers find a lender that fits their needs. To apply for a payday loan in Cromwell, Iowa, fill out our online application form, and we will connect you with a potential lender. Please note that TheGuaranteedLoans is not a direct lender and cannot guarantee loan approval.

If you have any questions or concerns, please contact us, and our friendly customer service representatives will be happy to assist you.

Disclaimer: Payday loans have high fees and interest rates. Borrowers should only take out payday loans to cover emergencies and should have a plan to repay the loan in full on the due date. Failure to repay a payday loan can lead to additional fees and a lower credit score.

F.A.Q.

Can a payday loan lender in Cromwell, Iowa charge a penalty for early repayment of the loan?

No, a payday loan lender in Cromwell, Iowa cannot charge a penalty for early repayment of the loan. In fact, borrowers are encouraged to pay off their loans as soon as possible to avoid high interest charges.

Is there a minimum loan term for payday loans in Cromwell, Iowa?

Yes, the minimum loan term for payday loans in Cromwell, Iowa is 14 days. However, lenders can offer longer loan terms if they choose to do so.