Payday Loans in Laurel, Iowa

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

Company nameAddressZip codePhone number
Northwest Bank 1 N 6th St, Estherville, IA 51334 +1 (712) 362 - 4400
United Bank of Iowa 400 Morningside Dr, Sac City, IA 50583 +1 (712) 662 - 4114
Nancy's Pawn Shop 509 E Main St, Ottumwa, IA 52501 +1 (641) 682 - 8661
Bank Iowa - Denison 1108 Broadway, Denison, IA 51442 +1 (712) 263 - 9361
Security Title & Abstract Inc 730 2nd St, Webster City, IA 50595 +1 (515) 832 - 2665
Hometown Credit Union 301 Maple St STE 3, Shenandoah, IA 51601 +1 (712) 246 - 4449
Palmer Abstract, Inc. 19 1st Ave NW 102, Waukon, IA 52172 +1 (563) 568 - 3488
Two Rivers ATM West Burlington 1066 S Gear Ave, West Burlington, IA 52655 +1 (800) 370 - 6731
Bank of the West 525 Main St, Ames, IA 50010 +1 (515) 232 - 8664
Advance America 320 Euclid Ave, Des Moines, IA 50313 +1 (515) 255 - 2560

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Laurel, IA

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

50141

Are Payday Loans Legal In Laurel, 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

Laurel, IA payday loan calculator

Payday Loans in Laurel, Iowa: What You Need to Know

When you find yourself in a financial pinch, payday loans can be a convenient solution to help make ends meet until your next paycheck. For residents of Laurel, Iowa, payday loans are a legal option that can offer short-term relief. However, before taking out a payday loan, it’s important to understand how they work and what to expect.

What Is a Payday Loan?

A payday loan, also known as a cash advance loan, is a short-term loan typically used to cover immediate expenses. This type of loan is usually for small amounts, typically up to $500, and has a high-interest rate. Payday loans are usually due on your next payday, which is typically within two weeks to a month of taking out the loan.

How Do Payday Loans Work?

To apply for a payday loan in Laurel, Iowa, you will need to provide proof of income and a valid, government-issued ID. The lender will also require you to provide a postdated check or authorize them to withdraw the loan amount and fees from your bank account on the agreed-upon due date.

Once approved, you will receive the loan amount in cash or via direct deposit. The lender will add fees and interest to the loan amount, which can be a fixed dollar amount or a percentage of the borrowed amount. The fees and interest rates on payday loans in Iowa are regulated by the state’s laws, so be sure to compare rates and terms from different lenders before selecting one.

What Are the Pros and Cons of Payday Loans?

Payday loans can be a lifesaver in a financial emergency, but there are pros and cons to consider before taking out a loan:

Pros:

  • Quick access to funds
  • No credit check required
  • May be a more affordable option than bouncing a check or overdraft fees

Cons:

  • High fees and interest rates
  • Can lead to debt cycle if not paid back on time
  • May affect credit score if not paid back on time
  • May not be available for those with low income or bad credit

What Are the Requirements for a Payday Loan in Iowa?

To qualify for a payday loan in Iowa, you must be at least 18 years old, have valid identification, and have a regular source of income. You must also provide proof of residency in Iowa, either by showing a driver’s license or utility bill with your name and address.

Interesting Facts About Payday Loans in Laurel, Iowa

  • Payday loans are regulated by Iowa Code Ann. § 533D.
  • According to the Iowa Division of Banking, there were 175 payday lenders in Iowa in 2019.
  • In 2018, Iowa payday lenders made 683,341 loans, with an average loan size of $332.
  • The average payday loan interest rate in Iowa is 259%, according to the Center for Responsible Lending.

Apply Now for a Payday Loan in Laurel, Iowa

If you’re in need of a payday loan in Laurel, Iowa, TheGuaranteedLoans can help. We are a connector service that connects borrowers with potential lenders. Simply fill out our online application, and we’ll do the work of finding the right lender for you. Remember, payday loans are a short-term solution and should be used responsibly. If you’re struggling with long-term debt, consider speaking with a financial advisor or credit counselor.

F.A.Q.

Can I rollover or extend a payday loan in Laurel, Iowa?

Rolling over or extending a payday loan in Laurel, Iowa is not allowed. If you are unable to repay your loan on the agreed-upon date, you may be able to work out a payment plan with your lender.

Are there any restrictions on the use of payday loan funds in Laurel, Iowa?

Yes, in Laurel, Iowa, payday loan funds must be used for personal, family, or household purposes only. They cannot be used for business or investment purposes.