Payday Loans in Hillsboro, Iowa

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

Company nameAddressZip codePhone number
F&M Bank & Trust 109 W Mt Pleasant St, West Burlington, IA 52655
Citizens Savings Bank 103 S Elm St, Gilman, IA 50106 +1 (641) 498 - 7714
Iowa State Savings Bank 222 E Robinson St, Knoxville, IA 50138 +1 (641) 828 - 8000
Lincoln Savings Bank 1025 Main St, Grinnell, IA 50112 +1 (641) 236 - 3121
Vibrant Credit Union - Clinton Branch 1330 N 2nd St, Clinton, IA 52732 +1 (563) 244 - 6506
Great Western Bank 1407 E 7th St, Atlantic, IA 50022 +1 (712) 243 - 6229
Central State Bank 214 Main St, McGregor, IA 52157 +1 (563) 873 - 3425
Federation Bank 122 E Washington St, Brighton, IA 52540 +1 (319) 694 - 2821
Check `n Go 806 Wacker Dr, Dubuque, IA 52002 +1 (319) 820 - 0464
Members Community Credit Union 159 Colorado St, Muscatine, IA 52761 +1 (563) 264 - 7210

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hillsboro, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Davenport, IA, Payday Loans in Des Moines, IA, Online Loans in Dubuque, IA, Short-term Loans in Iowa City, IA, Emergency Loan in Marion, IA, Payday Loan Without a Credit Check in Sioux City, IA, Quick Loan in Urbandale, IA and Payday Loans in Waterloo, 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 Hillsboro, IA.

Beautiful sights of Hillsboro, IA

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

52630

Are Payday Loans Legal In Hillsboro, 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

Hillsboro, IA payday loan calculator

Understanding Payday Loans in Hillsboro, Iowa

If you’re facing a financial emergency and are considering payday loans in Hillsboro, Iowa, it’s important to understand what they are and how they work. A payday loan is a short-term, small-dollar loan that is typically due on your next payday. In Iowa, payday loans are legal and regulated by state law, with strict limits on the amount of money you can borrow and the fees you can be charged.

How Payday Loans Work

Payday loans are designed to be a quick and easy way to get cash in a financial emergency. To apply for a payday loan, you’ll typically need to provide proof of income, such as a pay stub, and a post-dated check or authorization for electronic debit. If you’re approved, the lender will typically deposit the loan amount into your bank account or give you cash upfront.

An important thing to keep in mind with payday loans in Hillsboro, Iowa is that they come with high fees and interest rates. According to Iowa law, payday lenders can charge up to $15 on the first $100 borrowed, plus an additional $10 for each $100 after that. This means if you borrow $500, you may be charged up to $75 in fees alone.

Pros and Cons of Payday Loans

While payday loans can be a quick and easy way to get cash, they come with both pros and cons. Some of the pros of payday loans include:

  • Quick and easy access to cash
  • No credit check required
  • Can help you avoid overdraft fees and other late payment charges

However, there are also a number of cons to consider, including:

  • High fees and interest rates
  • Short repayment terms that can lead to a cycle of debt
  • Potentially damaging impact on your credit score

Interesting Facts and Statistics about Payday Loans in Hillsboro, Iowa

  • The average payday loan amount in Iowa is $300
  • There are over 200 payday lenders in Iowa
  • Payday lenders in Iowa earned over $44 million in fees and interest in 2019
  • Over 170,000 payday loans were issued in Iowa in 2019

Applying for a Payday Loan in Hillsboro, Iowa

If you decide that a payday loan is the right option for you, the good news is that applying for one is easy. TheGuaranteedLoans offers a convenient online application process that can help connect you with potential lenders. It’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender, and we cannot guarantee approval or specific loan terms.

If you’re approved for a payday loan, it’s important to read the loan agreement carefully and make sure you understand the repayment terms and fees before accepting the loan. You should also make a plan to repay the loan on time to avoid additional fees and interest charges.

Conclusion

While payday loans in Hillsboro, Iowa can be a quick and easy way to get cash in a financial emergency, they come with high fees and interest rates that can be difficult to manage. It’s important to carefully consider all of your options before applying for a payday loan, and to make sure you have a plan for repaying the loan on time to avoid additional fees and charges.

At TheGuaranteedLoans, we’re committed to helping you make informed financial decisions. If you’re considering a payday loan, we encourage you to reach out to our team for more information and guidance on your options.

Apply Now

If you’re ready to apply for a payday loan in Hillsboro, Iowa, simply fill out our online application form and we’ll connect you with potential lenders. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we cannot guarantee approval or specific loan terms. The application process is fast and easy, so apply now to get started.

F.A.Q.

Are there any restrictions on the number of times a borrower can renew a payday loan in Hillsboro, Iowa?

Yes, in Hillsboro, Iowa, a borrower can only renew a payday loan twice. After the second renewal, the borrower must pay off the loan in full or enter into a payment plan with the lender.

Can a payday loan lender in Hillsboro, Iowa provide a borrower with a grace period before repayment is due?

Yes, a payday loan lender in Hillsboro, Iowa can provide a borrower with a grace period before repayment is due. However, the lender is not required to do so, and the length of the grace period is at the discretion of the lender.