Payday Loans in Lovilia, Iowa

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

Company nameAddressZip codePhone number
Globe Financial Services 219 N Calhoun St, West Liberty, IA 52776 +1 (319) 627 - 2066
Security Savings Bank 320 Garfield Ave 5000, Farnhamville, IA 50538 +1 (515) 544 - 3281
Thrivent Financial-Lutherans 404 2nd St, Blairsburg, IA 50034 +1 (515) 325 - 6084
Fidelity Bank & Trust 610 Gilbert St, Charles City, IA 50616 +1 (641) 228 - 1900
Mc Nally Abstract Co 1122 Broadway St A, Emmetsburg, IA 50536 +1 (712) 852 - 2365
MoneyGram 405 E Main St, Anamosa, IA 52205 +1 (319) 462 - 6118
Farmers & Merchants Bank 101 Broadway St, West Burlington, IA 52655 +1 (319) 752 - 3661
State Central Bank 601 Main St, Keokuk, IA 52632 +1 (319) 524 - 1021
Stratford Marie L Accountant 721 Main St, Belle Plaine, IA 52208 +1 (319) 444 - 3322
Iowa Falls Area Development 520 Rocksylvania Ave, Iowa Falls, IA 50126 +1 (641) 648 - 5549

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lovilia, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Waterloo, IA, Online Loans in West Des Moines, IA, Same Day Loans in Ames, IA, Payday Loans in Ankeny, IA, 24-Hour Loan in Bettendorf, IA, Guaranteed Loans in Cedar Falls, IA, No Credit Check Loans in Cedar Rapids, IA and Bad Credit Loans in Council Bluffs, 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 Lovilia, IA.

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

50150

Are Payday Loans Legal In Lovilia, 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

Lovilia, IA payday loan calculator

Payday Loans in Lovilia, Iowa: A Comprehensive Guide

In today’s fast-paced world, unexpected expenses can arise when we least expect them. From sudden medical bills to car repairs, these unplanned expenses can impact our financial stability. In Lovilia, Iowa, payday loans are a popular solution for those facing short-term financial difficulties.

Understanding Payday Loans

Payday loans are a type of short-term loan designed to help individuals with unexpected expenses. These loans are typically small, ranging from $100 to $500, and are meant to be repaid on the borrower’s next payday. In Iowa, payday loans are legal and can be obtained both in-store and online.

When applying for a payday loan, borrowers must provide proof of income and a valid form of identification. Lenders will also typically require a post-dated check or authorization to withdraw funds from the borrower’s bank account on the due date.

It’s important to note that payday loans come with high-interest rates and fees, which can add up quickly. According to the Iowa Attorney General’s office, the maximum amount a lender can charge on a payday loan in Iowa is $15 for every $100 borrowed. This means that for a $500 loan, the borrower would need to repay $575 on the due date.

The Benefits of Payday Loans

Despite the high costs, payday loans offer several benefits for those in need of quick cash. One of the biggest advantages of payday loans is their accessibility. Unlike traditional loans that require a lengthy application process, payday loans can be obtained quickly with minimal requirements.

Another benefit of payday loans is their flexibility. Unlike other types of loans, payday loans can be used for any purpose, such as covering unexpected medical expenses or repairing a car.

Payday Loans in Lovilia, Iowa: Interesting Facts

  • In 2018, the Iowa legislature passed a bill capping the interest rate for payday loans in the state at 36%. However, this law has not yet gone into effect.
  • According to the Consumer Financial Protection Bureau, 80% of payday loans are rolled over or renewed within two weeks, adding more fees and interest to the loan.
  • The average payday loan borrower takes out eight loans per year, totaling $3,000 in debt.

The Risks of Payday Loans

While payday loans offer quick cash for those in need, they also come with several risks. The high-interest rates and fees can quickly add up, making it difficult for borrowers to repay the loan on time.

In addition, payday lenders have been known to engage in predatory practices, such as targeting low-income individuals and offering loans that are impossible to repay. These practices can result in borrowers falling deeper into debt and facing financial ruin.

Apply Now

If you’re facing an unexpected expense and need quick cash, TheGuaranteedLoans can help connect you with potential lenders in Lovilia, Iowa. Our online application process is simple and straightforward, and we’ll work to find a lender that meets your needs. Remember, we are a connector service, not a direct lender, and we prioritize transparency and responsible lending practices.

Don’t let unexpected expenses derail your financial stability. Apply now and get the cash you need to get back on track.

F.A.Q.

Can a payday loan lender in Lovilia, Iowa charge a penalty for early repayment of the loan?

No, a payday loan lender in Lovilia, Iowa cannot charge a penalty for early repayment of the loan. In fact, borrowers are encouraged to pay off their loans as soon as possible to avoid high interest charges.

Is there a minimum loan term for payday loans in Lovilia, Iowa?

Yes, the minimum loan term for payday loans in Lovilia, Iowa is 14 days. However, lenders can offer longer loan terms if they choose to do so.