Payday Loans in Davis City, Iowa

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

Company nameAddressZip codePhone number
Peoples Savings Bank 233 W Dike Rd, Dike, IA 50624 +1 (319) 989 - 9062
Check Into Cash 1724 W, 1724 Locust St STE 4, Davenport, IA 52804 +1 (563) 322 - 3140
Fidelity Bank & Trust 201 S Frederick Ave, Oelwein, IA 50662 +1 (319) 283 - 2524
First State Bank 600 Park St, Stanhope, IA 50246 +1 (515) 826 - 3222
EZ Money Check Cashing 7020 Douglas Ave STE C, Urbandale, IA 50322 +1 (515) 278 - 9696
Farmers State Bank 2002 Enterprise Ct, Independence, IA 50644 +1 (319) 287 - 3961
United Bank of Iowa 210 Front Ave, Pocahontas, IA 50574 +1 (712) 335 - 4277
Advance America 2720 West Locust St. Unit B-6, Davenport, IA 52804 +1 (563) 386 - 9505
Thrivent Financial-Stensland/Truesdell/Fopma/Severson 619 Elm Ave 4, Story City, IA 50248 +1 (515) 733 - 0739
U.S. Bank Branch 204 E Washington St, Iowa City, IA 52240 +1 (319) 356 - 9000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Davis City, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Cedar Falls, IA, Payday Loans in Cedar Rapids, IA, Payday Loans in Council Bluffs, IA, Payday Loans in Davenport, IA, Payday Loans in Des Moines, IA, Online Loans in Dubuque, IA, Payday Loans in Iowa City, IA and Payday Loan Without a Credit Check in Marion, 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 Davis City, IA.

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

50065

Are Payday Loans Legal In Davis City, 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

Davis City, IA payday loan calculator

Payday Loans in Davis City, Iowa: A Comprehensive Guide

Are you in need of immediate financial assistance in Davis City, Iowa? Payday loans can be a viable option for those who need short-term financial support quickly. In Iowa, payday loans are legal and regulated by state law, so it is crucial to understand the rules and regulations before applying. In this article, we will provide you with a comprehensive guide to payday loans in Davis City, Iowa.

What are Payday Loans?

Payday loans are short-term loans designed to tide over people in need of quick financial assistance. In exchange for a post-dated check or automatic electronic access to a borrower’s bank account, payday loan lenders offer fast cash with high-interest rates. Payday loans are typically maturing within two weeks, and the amount borrowed and interest charges are automatically deducted from the borrower’s account in one lump sum.

Requirements and Regulations for Payday Loans in Davis City, Iowa

In Iowa, payday loans are legal and regulated by the Registration and License Division of the Iowa Division of Banking. Iowa law caps the amount you can borrow, the maximum interest rate, and the fees that payday lenders can charge.

The maximum amount you can borrow is $500, and the interest rate cannot exceed 15% of the loan amount. Additionally, payday lenders can charge up to a $15 fee for every $100 borrowed.

Before you take out a payday loan in Davis City, Iowa, you must meet specific requirements set by the state law. These requirements include acquiring a state-issued ID or driver’s license, providing proof of income, and having an active bank account.

Benefits of Payday Loans in Davis City, Iowa

Payday loans can offer a quick solution for those in dire need of cashflow. These loans can provide you with the funds to cover unexpected expenses such as medical bills, car repairs, or emergency travel. Applying for a payday loan in Davis City, Iowa, is straightforward and can be completed online from the comfort of your home. Unlike traditional loans, payday lenders do not require a stellar credit score, making them a viable option for those with poor credit ratings. Additionally, the fast application process ensures that you get the money you need quickly.

Drawbacks of Payday Loans in Davis City, Iowa

While payday loans might provide a quick solution for financial emergencies, they come with significant risks. The high-interest rates and fees associated with payday loans can lead to debt traps, where borrowers are caught in a cycle of debt and unable to repay the loan amount. Additionally, payday lenders have been known to use aggressive tactics to collect payments, including harassment, threats, and lawsuits.

Interesting Facts and Statistics about Payday Loans in Davis City, Iowa

  • According to a report by The Center for Responsible Lending, Iowans paid over $46 million in payday loan fees in 2017.
  • The average Iowan borrower takes out eight payday loans per year, averaging six hundred dollars in debt per loan.
  • Iowa law mandates a cooling-off period of one day between any two loans.
  • The maximum APR allowed in Iowa for payday loans is 327%.

Apply Now with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that helps applicants connect with lenders who offer payday loans in Davis City, Iowa. We understand that financial emergencies can arise without warning, and we strive to provide applicants with a fast and seamless application process. Once you fill out an online application on our website, we will present your application to our vast network of lenders. If you are approved, lenders will contact you directly to discuss loan terms and payment schedules. Remember, TheGuaranteedLoans is not a lender but a connector service, and we only work with licensed and reputable lenders in Davis City, Iowa.

Conclusion

Payday loans in Davis City, Iowa, can be a viable solution for those in need of quick financial assistance. However, before applying for a payday loan, it is essential to understand the regulations set by the state and the risks associated with these loans. At TheGuaranteedLoans, we understand the importance of providing accurate and up-to-date information to our readers. We hope that this guide has provided you with a comprehensive understanding of payday loans in Davis City, Iowa.

F.A.Q.

How much can I borrow with a payday loan in Davis City, Iowa?

The maximum amount that you can borrow with a payday loan in Davis City, Iowa is $500.

What are the interest rates and fees associated with payday loans in Davis City, Iowa?

Payday loans in Davis City, Iowa have a maximum annual percentage rate (APR) of 36%. There may also be additional fees, such as origination fees and late payment fees.