Payday Loans in Marathon, Iowa

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

Company nameAddressZip codePhone number
Rolling Hills Bank & Trust 502 Broad St, Adair, IA 50002 +1 (641) 742 - 3432
Great Western Bank 1407 E 7th St, Atlantic, IA 50022 +1 (712) 243 - 6229
Success Bank 109 N Madison St, Bloomfield, IA 52537 +1 (641) 664 - 2265
First Iowa State Bank 19 Benton Ave E, Albia, IA 52531 +1 (641) 932 - 2144
Bank Iowa - Oskaloosa 1710 3rd Ave E, Oskaloosa, IA 52577 +1 (641) 673 - 7400
Two Rivers Bank & Trust 115 Boulevard Rd, Keokuk, IA 52632 +1 (319) 524 - 0739
Advance America 1110 1st Ave E, Newton, IA 50208 +1 (641) 787 - 0200
Kremer Kehe Financial 110 S Vine St, West Union, IA 52175 +1 (563) 422 - 5241
Shelby County State Bank 508 Court St, Harlan, IA 51537 +1 (712) 755 - 5112
First Bank Hampton 211 1st Ave NW, Hampton, IA 50441 +1 (641) 456 - 4793

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Marathon, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Bettendorf, IA, 24-Hour Loan in Cedar Falls, IA, Payday Loans in Cedar Rapids, IA, Payday Loans in Council Bluffs, IA, Payday Loans in Davenport, IA, Payday Loan Without a Credit Check in Des Moines, IA, Payday Loan Without a Credit Check in Dubuque, IA and Quick Loan in Iowa City, 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 Marathon, IA.

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

50565

Are Payday Loans Legal In Marathon, 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

Marathon, IA payday loan calculator

Payday Loans in Marathon, Iowa

Payday loans are a popular choice for Iowa residents who need quick cash. While they can be helpful in a pinch, they can also be risky if you’re not careful. If you’re considering taking out a payday loan in Marathon, Iowa, it’s important to understand what they are, what the laws are surrounding them, and what you need to watch out for.

What are Payday Loans?

Payday loans are short-term loans that are typically due on your next payday. They are meant to help you get through a financial emergency, such as a medical bill or car repair, and are usually for smaller amounts of money. In Iowa, payday loans are legal with certain restrictions.

How Payday Loans Work in Iowa

In Iowa, the maximum amount you can borrow through a payday loan is $500. The repayment period must be no less than 31 days and no more than 42 days. The fees for the loan cannot exceed 15% of the amount borrowed, with an APR of no more than 390%.

You can only have one payday loan open at a time in Iowa, and you can’t renew or refinance a loan. If you default on a payday loan, the lender can charge a $15 NSF fee and pursue civil action against you.

What to Watch Out For

Payday loans can come with high fees and interest rates, making them an expensive way to borrow money. It’s important to read the fine print and understand the APR, fees, and repayment terms before taking out a payday loan.

Be wary of lenders who try to offer you more money than you need or pressure you into taking out a loan. Some lenders may also charge hidden fees or make it difficult to pay off the loan early.

Interesting Facts about Payday Loans in Marathon, Iowa

  • In 2018, Iowa payday lenders issued over 508,000 loans, totaling over $197 million in borrowed funds.
  • The average payday loan borrower in Iowa takes out 10 loans per year, with an average loan amount of $341.
  • Payday lenders in Iowa increased their revenue from $244 million in 2015 to $333 million in 2018, a 36% increase in just three years.

Apply Now

Are you in need of a payday loan in Marathon, Iowa? TheGuaranteedLoans can help connect you with potential lenders who may be able to lend you the money you need. Fill out our online application today and get started.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of lenders to help you find the best options for your financial needs.

F.A.Q.

Can I get a payday loan if I have a bankruptcy in Marathon, Iowa?

It may be possible to get a payday loan if you have a bankruptcy in Marathon, Iowa, as payday lenders do not typically conduct a traditional credit check. However, you will still need to provide proof of income and a checking account in good standing to qualify for a loan.

Can I get a payday loan if I am a military member in Marathon, Iowa?

Yes, you can get a payday loan if you are a military member in Marathon, Iowa. However, military members are protected by the Military Lending Act, which limits the fees and interest rates that lenders can charge on loans to military members and their families.