Payday Loans in Gibson, Iowa

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

Company nameAddressZip codePhone number
Iowa State Bank 1108 Gowrie St, Ruthven, IA 51358 +1 (712) 837 - 5215
United Cash Express 333 14th St B, Bettendorf, IA 52722 +1 (563) 441 - 9494
Peoples Bank Indianola 400 E Iowa Ave, Indianola, IA 50125 +1 (515) 962 - 1400
First National Bank of Muscatine 3107 US-61, Muscatine, IA 52761 +1 (563) 262 - 4218
Walmart Money Center 300 Iowa Speedway Dr, Newton, IA 50208 +1 (641) 791 - 5322
Danville State Savings Bank 109 N Main St, Danville, IA 52623 +1 (319) 392 - 4261
Wells Fargo Home Mortgage 13621 University Ave, Clive, IA 50325 +1 (515) 697 - 5070
Walmart Money Center 1940 Venture Dr, Ottumwa, IA 52501
State Central Bank 612 1st St, Bonaparte, IA 52620 +1 (319) 592 - 3372
Grinnell Investor Center 814 4th Ave, Grinnell, IA 50112 +1 (641) 236 - 3175

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gibson, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Marion, IA, Emergency Loan in Sioux City, IA, Payday Loans in Urbandale, IA, Payday Loans in Waterloo, IA, Payday Loans in West Des Moines, IA, No Credit Check Loans in Ames, IA, Quick Loan in Ankeny, IA and Payday Loans in Bettendorf, 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 Gibson, IA.

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

50104

Are Payday Loans Legal In Gibson, 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

Gibson, IA payday loan calculator

A payday loan, also known as a cash advance, is a short-term loan designed to help individuals bridge the gap between paychecks. These loans are useful when unexpected expenses arise or when a person gets stuck in an emergency situation. They are quick and easy to apply for, making them an attractive option for people who need money fast.

Payday Loan Regulations in Gibson, Iowa

Payday loans are legal in Iowa, including in Gibson. However, there are specific regulations in place to protect borrowers from potential predatory lending practices. In Iowa, lenders can lend up to $500 in payday loans to borrowers. The loan term must be a minimum of 31 days, and the maximum finance rate and fees cannot exceed $15 for every $100 borrowed for the first $100 and then $10 per every additional $100 borrowed.

Furthermore, rollover loans are not allowed, and lenders must adhere to the state’s cooling-off period, which requires lenders to wait for at least seven days between two consecutive loans. The cooling-off period is designed to prevent borrowers from becoming trapped in a cycle of debt, where they borrow increasingly larger amounts to repay previous loans, further increasing their debt and fees paid to the lenders.

The Benefits of Payday Loans in Gibson, Iowa

There are several benefits to taking out a payday loan, including:

  • Quick approval times – lenders process applications very quickly, often within minutes, and can transfer funds to your bank account within the same day.
  • No credit check – payday loans are available regardless of credit history, which makes them a viable option for people with bad credit.
  • No collateral required – unlike other loans, payday loans don’t require collateral.
  • Few requirements – lenders typically only require that you have a steady job, a bank account, and a valid ID.
  • Flexibility – payday loans can be used for any purpose, allowing borrowers to use the funds as needed.

However, payday loans should only be used as a last resort when all other options have been exhausted. They come with high-interest rates and can lead to a cycle of debt if not managed properly. Borrowers should carefully consider their financial situation and their ability to repay the loan before applying.

Interesting Facts and Statistics

According to a report by IowaWatch, borrower fees and interest on payday loans in Iowa amounted to $54.3 million in 2018, an increase from $45.1 million in 2017. Iowa ranks fifth-highest in the nation in payday loan interest rates, with an average APR of 273%.

Furthermore, over 60% of Iowans who take out a payday loan end up taking out 12 or more loans in a year, according to the same IowaWatch report. This indicates that many borrowers are unable to repay the loan on the due date and end up taking out additional loans to cover the original loan and additional fees.

Apply Now

If you are considering a payday loan in Gibson, Iowa, you can apply right now on our website. TheGuaranteedLoans is a connector service that can help you connect with potential lenders who provide payday loans in your area. However, please note that we are not a direct lender and do not make lending decisions. We facilitate the connection between borrowers and lenders and provide a hassle-free application process.

To apply, simply fill out our online application form, providing basic information such as your name, address, employment status, and bank account information. We will then match you with a lender who meets your criteria, and they will contact you to discuss the terms of the loan and answer any questions you may have. It’s that simple!

Final Thoughts

When used correctly, payday loans can be a useful tool to help individuals get through unexpected financial emergencies. However, it’s essential to understand the regulations and risks involved before taking out a loan. Borrow responsibly, and always make sure that you can repay the loan on time to avoid additional fees and debt.

F.A.Q.

What is a payday loan in Gibson, Iowa?

A payday loan is a short-term, high-interest loan that is intended to be repaid on the borrower's next payday.

How do I qualify for a payday loan in Gibson, Iowa?

To qualify for a payday loan in Gibson, Iowa, you must be at least 18 years old, have a regular source of income, and have an active checking account.