Payday Loans in Kensett, Iowa

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

Company nameAddressZip codePhone number
Fidelity Bank & Trust 300 N 2nd St, Bellevue, IA 52031 +1 (563) 872 - 5515
The State Bank 101 N State St, Terril, IA 51364 +1 (712) 853 - 6200
Clinton National Bank 329 Ferry Rd, Miles, IA 52064 +1 (563) 682 - 7777
Availa Bank 130 N 29th St, Fort Dodge, IA 50501 +1 (515) 955 - 2265
Heritage Bank 402 Franklin St, Delhi, IA 52223 +1 (563) 922 - 2174
MoneyGram 2830 Mt Pleasant St, Burlington, IA 52601 +1 (319) 752 - 7080
Iowa State Bank 1101 Main St, Hull, IA 51239 +1 (712) 439 - 1025
Hometown Cash Advance 405 E Main St 2, Anamosa, IA 52205 +1 (319) 462 - 6118
Money & More 1516 La Porte Rd, Waterloo, IA 50702 +1 (319) 236 - 3208
American Bank 234 5th Ave SW, Le Mars, IA 51031 +1 (712) 546 - 2345

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Kensett, IA

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

50448

Are Payday Loans Legal In Kensett, 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

Kensett, IA payday loan calculator

Understanding Payday Loans in Kensett, Iowa

If you’re currently dealing with an unexpected expense or emergency that requires immediate funds, you may be considering a payday loan. Payday loans are small, short-term loans designed to help people cover unexpected expenses until their next paycheck. This type of loan can be a useful tool in the right circumstances, but it’s important to understand how they work and the laws specific to payday loans in Kensett, Iowa.

How Payday Loans Work

Payday loans typically range from $100 to $500 and are designed to be repaid within two weeks or by your next paycheck. These loans are easy to obtain and don’t require a credit check, making them a popular choice for people who are in need of quick cash. To apply, you’ll need to provide proof of income and a bank account.

Interest rates for payday loans in Kensett, Iowa are capped at 15% for the first $100 and 10% for the remaining amount borrowed. For example, if you borrow $400, the maximum interest rate allowed is $55. This includes all fees associated with the loan.

The Legal Status of Payday Loans in Kensett, Iowa

Payday loans are legal in Iowa, but there are some regulations in place to protect consumers. Lenders are required to disclose all fees and APRs associated with the loan, and borrowers have the right to cancel the loan within 48 hours without penalty.

Additionally, the state of Iowa has a payday loan database where lenders are required to report all loans made in the state. This ensures that borrowers don’t take out more than one loan at a time and that lenders can’t exceed the maximum amount of $500 in loans to any one borrower.

The Risks of Payday Loans

While payday loans can be useful in the right circumstances, they come with significant risks. Due to their short-term nature and high interest rates, borrowers can find themselves in a cycle of debt, unable to pay back the loan and forced to take out another one to cover the original loan.

This can lead to a debt trap that can be difficult to escape from. It’s essential to only use payday loans for true emergencies and to have a solid plan to repay the loan within the allotted timeframe.

Interesting Facts and Statistics

– According to the Consumer Financial Protection Bureau, the average payday loan borrower in the U.S. takes out 10 loans per year.
– In Iowa, the average payday loan is $341, with an APR of 289%.
– The majority of payday loan borrowers in Iowa are white, female, and between the ages of 25-44.

Apply Now

If you’re in need of quick cash to cover an emergency or unexpected expense, TheGuaranteedLoans is here to help. We’re a connection service that can help you find a lender that’s right for you. Simply fill out our online application, and we’ll match you with a lender that meets your needs. Remember, payday loans should only be used for emergencies and should be repaid within the allotted timeframe.

Conclusion

Payday loans can be a useful tool for those dealing with emergency expenses, but they come with risks that must be taken seriously. Understanding the laws and regulations specific to payday loans in Kensett, Iowa, is essential to protecting yourself as a borrower. If you’re in need of quick cash, always consider your options carefully and choose a lender that’s reputable and transparent.

F.A.Q.

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

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

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

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