Payday Loans in Elberon, Iowa

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

Company nameAddressZip codePhone number
Great Western Bank 1010 N Roosevelt Ave, Burlington, IA 52601 +1 (319) 754 - 6521
Collins Community Credit Union 1755 1st Ave SE, Cedar Rapids, IA 52402 +1 (800) 475 - 1150
Cambridge 1776 Pleasant Plain Rd, Fairfield, IA 52556 +1 (800) 777 - 6080
Peoples Bank Seymour 215 N 5th St, Seymour, IA 52590 +1 (641) 898 - 2284
TruBank 302 S Market St, Oskaloosa, IA 52577 +1 (641) 673 - 8405
Payday Partners 3305 Asbury Rd, Dubuque, IA 52002 +1 (563) 584 - 1721
Two Rivers Bank & Trust 1066 S Gear Ave, West Burlington, IA 52655 +1 (319) 753 - 9166
Security State Bank 607 6th St, Springville, IA 52336 +1 (319) 854 - 7050
MidWestOne Bank 202 Main St, Melbourne, IA 50162 +1 (641) 482 - 3105
Gunderson Kathy L CPA 131 S Lawler St, Postville, IA 52162 +1 (563) 864 - 7016

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Elberon, IA

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

52225

Are Payday Loans Legal In Elberon, 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

Elberon, IA payday loan calculator

Payday Loans in Elberon, Iowa: Understanding the Basics

If you are in need of quick cash to tide you over until your next paycheck, a payday loan can be a helpful option. Payday loans are a type of short-term loan that typically have high interest rates and fees. They are designed to be repaid with your next paycheck or within a few weeks. Thankfully, payday loans are legal in Iowa, including in the town of Elberon.

How Payday Loans Work

To get a payday loan in Elberon, you typically need to provide proof of income and a valid ID. You will then write a postdated check for the amount you are borrowing, plus the fees and interest. When your loan is due, the lender will deposit the check you wrote.

As mentioned, payday loans can come with high fees and interest rates. In Iowa, the maximum amount you can borrow with a payday loan is $500. Lenders are allowed to charge up to $15 in fees for every $100 borrowed. This means that if you borrow the maximum amount of $500, you could end up paying up to $75 in fees alone. Depending on how long it takes you to pay back the loan, you could also accrue a significant amount of interest.

The Pros and Cons of Payday Loans

While payday loans can be a helpful option for those in need of quick cash, they are not without their risks. Here are some pros and cons to consider:

Pros:

  • Quick and easy application process
  • No credit check required
  • No collateral needed

Cons:

  • High fees and interest rates
  • Potentially damaging to credit score if not repaid on time
  • May lead to a cycle of debt and borrowing

It’s important to carefully consider your financial situation and needs before taking out a payday loan. If you do decide to go this route, make sure to read the terms and conditions carefully and ensure that you will be able to repay the loan on time.

Interesting Facts About Payday Loans in Elberon, Iowa

Did you know that the average payday loan borrower in Iowa takes out eight loans per year? According to a report from the Iowa Policy Project, 80% of payday loans in Iowa are used to cover regular expenses like rent and groceries, rather than unexpected emergencies.

Apply Now with TheGuaranteedLoans

At TheGuaranteedLoans, we understand that unexpected expenses can arise at any time. That’s why we offer a simple, straightforward application process to connect you with potential payday loan lenders in Elberon, Iowa and beyond. As a loan connector service, we are not a direct lender. Instead, we work with a network of trusted lenders to help you find the best loan for your needs.

Click the button below to get started with our online application process today:

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F.A.Q.

Are there any alternatives to payday loans in Elberon, Iowa?

Yes, there are alternatives to payday loans in Elberon, Iowa, such as borrowing from friends or family, taking out a personal loan, or working with a credit counseling agency to develop a budget and payment plan.

Is it possible to get a payday loan with no employment in Elberon, Iowa?

It may be possible to get a payday loan with no employment in Elberon, Iowa if you have another source of income, such as government benefits or alimony payments. However, most lenders will require proof of income to qualify for a loan.