Payday Loans in Low Moor, Iowa

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

Company nameAddressZip codePhone number
Dupaco Community Credit Union 3299 Hillcrest Rd, Dubuque, IA 52001 +1 (563) 557 - 7600
BANK 409 US-61, Wapello, IA 52653 +1 (319) 523 - 5200
The Lending Company, LLC 1716 Hill Ave, Spirit Lake, IA 51360 +1 (712) 336 - 2235
First Class Community Credit Union 2051 Westown Pkwy, West Des Moines, IA 50265 +1 (515) 224 - 4300
Peoples Bank 116 W State St, Jefferson, IA 50129 +1 (515) 386 - 4848
Easy Cash Solutions 1165 E Locust St, Davenport, IA 52803 +1 (563) 323 - 1423
Kerndt Brothers Bank - Waukon 820 11th Ave SW, Waukon, IA 52172 +1 (563) 568 - 5234
Easy Cash Solutions 1626 5th Ave S, Fort Dodge, IA 50501 +1 (515) 576 - 3986
Northstar Bank 2202 E Central Ave, Estherville, IA 51334 +1 (712) 362 - 3322
Pinnacle Bank 1301 S County Rd, Toledo, IA 52342 +1 (641) 484 - 5141

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Low Moor, IA, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Davenport, IA, Emergency Loan in Des Moines, IA, Payday Loans in Dubuque, IA, Payday Loans in Iowa City, IA, Short-term Loans in Marion, IA, Payday Loans in Sioux City, IA, Payday Loans in Urbandale, IA and Short-term 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 Low Moor, IA.

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

52757

Are Payday Loans Legal In Low Moor, 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

Low Moor, IA payday loan calculator

Payday Loans in Low Moor, Iowa: A Comprehensive Guide

Payday loans are a type of short-term loan that are designed to help people bridge the gap between paychecks. They are often used to cover unexpected expenses, such as car repairs or medical bills, that arise between pay periods. In Iowa, payday loans are legal and regulated by state law. However, it is important to understand the risks associated with these loans and to use them responsibly.

How Payday Loans Work

Payday loans are typically for small amounts of money, usually between $100 and $1,000, and are due on the borrower’s next payday. To obtain a payday loan, a borrower typically must provide proof of income, such as a pay stub or bank statement, and a post-dated check or pre-authorization for an electronic debit for the amount of the loan plus the lender’s fees and interest.

The maximum amount that a borrower can take out in Iowa is $500, and the maximum loan term is 31 days. The interest rate on a payday loan in Iowa can be as high as 433%, which means that a $100 loan could cost as much as $433 in interest and fees if it is not paid back on time.

The Risks of Payday Loans

While payday loans can be a convenient option for people who need cash quickly, they also carry substantial risks. The high interest rates and fees associated with payday loans can make them difficult to repay, and failing to repay a payday loan on time can lead to even more fees and charges.

  • Payday loan debt can quickly spiral out of control if borrowers renew their loans multiple times.
  • Borrowers can face steep penalties and fees for missed payments or defaulting on their loans.
  • Some unscrupulous lenders may engage in predatory lending practices, such as charging excessive fees or taking advantage of borrowers who are already struggling financially.

How to Use Payday Loans Responsibly

While payday loans can be useful in certain circumstances, it is important to use them responsibly. Here are some tips for using payday loans safely:

  • Borrow only what you can afford to repay.
  • Avoid borrowing from multiple lenders at once.
  • Understand the fees and interest rates associated with the loan.
  • Read the loan agreement carefully before signing.
  • Pay the loan back on time to avoid additional fees and charges.

Interesting Facts and Statistics about Payday Loans in Low Moor, Iowa

  • The average payday loan in Low Moor, Iowa is for $375.
  • Approximately one in six Low Moor residents has taken out a payday loan at some point.
  • The average interest rate on a payday loan in Low Moor is 341%.
  • The average borrower takes out eight payday loans per year.

Apply Now

If you need a payday loan in Low Moor, Iowa, TheGuaranteedLoans can help. We are a connector service that works with a network of trusted lenders to find the right loan for your needs. To apply, simply fill out our online application and we will match you with a lender who can provide the cash you need, often within just a few hours. Remember, payday loans should be used responsibly and only as a last resort. If you have any questions or concerns, please don’t hesitate to contact our customer service team.

F.A.Q.

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

Yes, in Low Moor, 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 Low Moor, Iowa provide a borrower with a grace period before repayment is due?

Yes, a payday loan lender in Low Moor, 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.