Payday Loans in Floyd, Iowa

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

Company nameAddressZip codePhone number
Hometown Credit Union 301 Maple St STE 3, Shenandoah, IA 51601 +1 (712) 246 - 4449
Hometown Cash Advance 1335 E University Ave, Des Moines, IA 50316 +1 (515) 265 - 5556
Wayland State Bank 109 S Locust St, Winfield, IA 52659 +1 (319) 257 - 3305
Danville State Savings Bank 109 N Main St, Danville, IA 52623 +1 (319) 392 - 4261
Easy Cash Solutions 2660 Wiley Blvd SW, Cedar Rapids, IA 52404 +1 (319) 390 - 6954
Check `n Go 560 Highway 1 West, Iowa City, IA 52246 +1 (319) 774 - 3967
check n go, Check n Go Store Directory 3005 1st Ave S, Fort Dodge, IA 50501 +1 (515) 604 - 8482
Volkert Sales LC 1115 4th Ave S 1946, Denison, IA 51442 +1 (712) 263 - 8990
Vibrant Credit Union - Clinton Branch 1330 N 2nd St, Clinton, IA 52732 +1 (563) 244 - 6506
Farmers Savings Bank 106 Academy Ave, Denmark, IA 52624 +1 (319) 528 - 4222

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Floyd, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Ames, IA, Online Loans in Ankeny, IA, Guaranteed Loans in Bettendorf, IA, 24-Hour Loan in Cedar Falls, IA, Emergency Loan in Cedar Rapids, IA, Payday Loans in Council Bluffs, IA, Payday Loans in Davenport, IA and Payday Loans in Des Moines, 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 Floyd, IA.

Beautiful sights of Floyd, IA

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

50435

Are Payday Loans Legal In Floyd, 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

Floyd, IA payday loan calculator

Payday Loans in Floyd, Iowa

When unexpected expenses arise, finding the necessary funds to cover them can be challenging. This is where payday loans come in. Payday loans, also referred to as cash advances, are short-term loans designed to help individuals bridge the gap until their next payday. In Iowa, payday loans are legal, but it’s important to understand the regulations in Floyd County.

How Do Payday Loans Work?

The process of obtaining a payday loan is fairly simple. You usually start by completing an application form either online or in person at a payday loan storefront. The borrower typically provides proof of income, identification, and bank account information.

If approved, the borrower will receive the loan amount, which typically ranges from $100 to $500. The loan is due in full on the borrower’s next payday, usually in two to four weeks. The lender may require the borrower to provide a postdated check or authorization to withdraw money from their bank account on the due date.

The Legal Framework for Payday Loans in Iowa

While payday loans are legal in Iowa, there are regulations in place to protect consumers from predatory lending practices. According to Iowa law, lenders can charge a maximum of $15 for every $100 borrowed. This means that if you borrow $200, the maximum fee that can be charged is $30, resulting in a total repayment of $230.

Additionally, Iowa law limits the number of loans a borrower can take out at once. A borrower cannot have more than one loan from a single lender at any given time and cannot take out more than $500 in payday loans across all lenders combined.

Floyd County Regulations

While payday loans are legal in Iowa, there are local regulations that borrowers in Floyd County need to be aware of. The county has imposed a temporary moratorium on new payday loan stores until county officials can review zoning and code regulations. Additionally, there is a proposal to limit the number of payday loan stores to one per 15,000 residents in the county.

It’s important to note that while payday loans can be helpful in a financial pinch, they should be used responsibly. Borrowers should only take out a payday loan if they can afford to repay the loan in full on their next payday. If a borrower cannot repay the loan on time, they may be subject to additional fees and high interest rates, which can quickly become unmanageable.

Interesting Facts and Statistics about Payday Loans in Floyd, Iowa

  • In 2018, there were a total of 23 licensed payday loan stores in Iowa.
  • In 2017, Iowa borrowers took out an average of 12 payday loans, with an average loan amount of $311.
  • Between 2012 and 2017, the Iowa payday lending industry’s revenue increased by 20%, from $28.2 million to $33.8 million.

Apply Now

If you find yourself in need of a payday loan in Floyd County, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we are committed to protecting our customers’ privacy and security. Please note that TheGuaranteedLoans is a connecting service and not a direct lender.

We encourage our customers to borrow responsibly and only take out a payday loan if they can afford to repay it on time. If you have any questions about our services or the payday lending process in Iowa, please do not hesitate to contact us.

F.A.Q.

Can I get a payday loan if I have bad credit in Floyd, Iowa?

Yes, you can get a payday loan if you have bad credit in Floyd, Iowa. Payday lenders typically do not conduct a traditional credit check and base their decision on your income and ability to repay the loan.

How do I apply for a payday loan in Floyd, Iowa?

To apply for a payday loan in Floyd, Iowa, you can visit a storefront lender or apply online. You will need to provide proof of income, a valid government-issued ID, and a checking account in good standing.