Payday Loans in Cumberland, 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 Cumberland, IA. Consider companies in other cities:

Company nameAddressZip codePhone number
Community Insurance of Iowa - Edgewood Office 103 N Washington St, Edgewood, IA 52042 +1 (563) 928 - 6841
State Central Bank 601 Main St, Keokuk, IA 52632 +1 (319) 524 - 1021
Great Western Bank 401 2nd St, Gladbrook, IA 50635 +1 (641) 473 - 2023
Farmers Savings Bank & Trust 401 B Ave, Vinton, IA 52349 +1 (319) 472 - 2373
Great Southern Bank 2727 Hamilton Blvd, Sioux City, IA 51104 +1 (712) 277 - 0207
The Family Credit Union 3200 US-61, Muscatine, IA 52761 +1 (563) 388 - 8328
Cash Is King 305 Grand Ave, West Des Moines, IA 50265 +1 (515) 255 - 1929
Polk County Credit Union 111 Court Ave 110, Des Moines, IA 50309 +1 (515) 244 - 8647
Home State Bank 115 W State St, Jefferson, IA 50129 +1 (515) 386 - 2131
U.S. Bank ATM 112 W 2nd St S, Newton, IA 50208 +1 (800) 872 - 2657

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Cumberland, IA

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

50843

Are Payday Loans Legal In Cumberland, 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

Cumberland, IA payday loan calculator

Payday loans are popular in many states across the US, including Iowa. In Cumberland, Iowa, residents can apply for and receive payday loans to help them cover unexpected expenses or bridge the gap until their next paycheck arrives.

What is a Payday Loan?

Payday loans are short-term loans, typically due on the borrower’s next payday. They are designed to help people cover unexpected expenses or cash flow shortages that arise between paychecks. Payday loans are usually smaller amounts of money, usually ranging from $100 to $1,000.

Payday loans can be an attractive option for people who need money quickly and don’t have access to other sources of credit. However, they also come with high interest rates and fees, so borrowers should be sure that they can repay the loan in full and on time before applying.

Applying for a Payday Loan in Cumberland, Iowa

In Cumberland, Iowa, payday loans are legal and regulated by the Iowa Division of Banking. To apply for a payday loan, prospective borrowers will need to visit a local lender or complete an online application. Lenders will typically ask for the borrower’s personal information, including their name, contact information, and employment details. They may also require a post-dated check or access to the borrower’s bank account to withdraw funds on the due date.

It’s important to note that payday loans in Cumberland, Iowa are subject to certain regulations, including a maximum borrowing amount of $500 and a maximum loan term of 31 days. Lenders are also required to disclose all fees and interest rates upfront, so borrowers have a clear understanding of the total cost of the loan before they apply.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have their advantages and disadvantages. Here are a few to consider:

Pros

  • Easy and fast to apply for and receive funding
  • No credit check required
  • Can be a helpful tool for people with no other credit options

Cons

  • High interest rates and fees, which can trap borrowers in debt cycles
  • Short repayment terms, which may be difficult to meet for some borrowers
  • May not be available to borrowers with low or no income

Before applying for a payday loan, borrowers should carefully consider their financial situation and ability to repay the loan on time. If a payday loan is not the best option, there may be other alternatives available, such as personal loans or credit cards.

Interesting Facts about Payday Loans in Cumberland, Iowa

  • Cumberland, Iowa has a population of just under 300 people.
  • Iowa is one of the few states that has taken steps to regulate the payday loan industry.
  • In 2019, the Iowa legislature passed a bill to cap payday loan interest rates at 36%, down from the previous average of 279%.
  • According to the Iowa Division of Banking, there were 206 licensed payday lenders operating in the state in 2020.

Apply Now

If you are considering a payday loan in Cumberland, Iowa, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of trusted lenders who can provide you with the cash you need. However, we’re not a direct lender, we are a connector service. Make sure to read the terms and conditions and don’t borrow more than you can pay.

To get started, simply visit our website and fill out the online application. We’ll take care of the rest, so you can get the cash you need quickly and easily.

F.A.Q.

Can a payday loan lender in Cumberland, Iowa charge a fee for a bounced check or declined automatic payment?

Yes, a payday loan lender in Cumberland, Iowa can charge a fee for a bounced check or declined automatic payment. The exact fee will vary by lender, so it is important for borrowers to carefully read and understand their loan agreement before signing.

Can a borrower in Cumberland, Iowa be charged a fee for extending or renewing a payday loan?

Yes, a borrower in Cumberland, Iowa can be charged a fee for extending or renewing a payday loan. The exact fee will vary by lender, so it is important for borrowers to carefully read and understand their loan agreement before signing.