Payday Loans in Portsmouth, Iowa

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

Company nameAddressZip codePhone number
FreedomBank 106 S Main St, Monona, IA 52159 +1 (563) 539 - 2015
Community 1st Credit Union 999 N 18th St, Centerville, IA 52544 +1 (641) 856 - 4444
Farmer's Trust and Savings Bank 510 Lincoln Way St, Woodbine, IA 51579 +1 (712) 647 - 3375
Rolling Hills Bank & Trust 1307 E 7th St, Atlantic, IA 50022 +1 (712) 243 - 2244
First Central State Bank 1291 Eagle Ridge Rd, Le Claire, IA 52753 +1 (563) 289 - 2265
Marine Credit Union Davenport 709 E 46th St, Davenport, IA 52807 +1 (563) 391 - 2850
Citizens 1st National Bank 1821 N Lake Ave, Storm Lake, IA 50588 +1 (712) 732 - 5440
DuTrac Community Credit Union 1161 16th Ave SE, Dyersville, IA 52040 +1 (563) 875 - 7604
Raymond James 105 E Main St, West Union, IA 52175 +1 (563) 422 - 6250
Advance America 2418 Virginia Ave, Clinton, IA 52732 +1 (563) 243 - 6477

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Portsmouth, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Davenport, IA, Bad Credit Loans in Des Moines, IA, Guaranteed Loans in Dubuque, IA, Bad Credit Loans in Iowa City, IA, Guaranteed Loans in Marion, IA, Payday Loans in Sioux City, IA, Guaranteed Loans in Urbandale, IA and Payday 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 Portsmouth, IA.

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

51565

Are Payday Loans Legal In Portsmouth, 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

Portsmouth, IA payday loan calculator

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

Payday loans are a type of short-term loan that can provide quick cash to individuals in need. They are often used to cover unexpected expenses, such as car repairs or medical bills, and are repaid with the next paycheck.

If you are a resident of Portsmouth, Iowa, and are considering taking out a payday loan, it is important to understand the regulations and requirements in your state. While payday loans are legal in Iowa, there are specific laws and limitations in place to protect borrowers.

Regulations for Payday Loans in Iowa

The state of Iowa has several regulations in place to protect consumers from predatory lending practices. Here are some of the key regulations for payday loans in the state:

  • The maximum loan amount is $500
  • The maximum term of the loan is 31 days
  • The maximum finance charge is $15 for every $100 borrowed
  • Borrowers are allowed to have only one outstanding payday loan at a time

It is important to note that lenders in Iowa are not allowed to charge additional fees or interest on payday loans. This means that the finance charge of $15 per $100 borrowed is the maximum amount that borrowers will pay.

How to Apply for a Payday Loan in Portsmouth, Iowa

If you are interested in applying for a payday loan in Portsmouth, Iowa, the process is generally quick and simple. Here are the basic steps:

  1. Compare lenders: Before applying for a payday loan, it is important to compare lenders to find the best rates and terms. Look for lenders that are licensed in Iowa and have a good reputation.
  2. Provide personal information: To apply for a payday loan, you will need to provide personal information, such as your name, address, and employment information.
  3. Submit application: Once you have provided your personal information, you can submit your application online or in person at the lender’s location.
  4. Receive funds: If your application is approved, you will receive the funds in your bank account within one business day.
  5. Repay loan: You will need to repay the loan, plus the finance charge, on the due date.

Benefits of Payday Loans in Portsmouth, Iowa

Payday loans can provide several benefits to borrowers in need, including:

  • Quick access to cash
  • No credit check required
  • Simplified application process

However, it is important to remember that payday loans should be used as a last resort, as the finance charges can be high and can lead to a cycle of debt if not repaid on time.

Interesting Facts about Payday Loans in Portsmouth, Iowa

  • The average payday loan amount in Iowa is $306
  • Over 10% of Iowa residents have used a payday loan in the past year
  • The number of payday loan stores in Iowa has decreased by over 80% since 2014

Apply Now

If you are in need of a payday loan in Portsmouth, Iowa, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application to get started. It is important to note that TheGuaranteedLoans is a connector service, not a direct lender, and we will work to match you with a lender that can meet your needs.

Remember, payday loans can be a useful tool for those in need of quick cash, but should be used responsibly. Be sure to understand the regulations and requirements in your state before applying for a payday loan.

F.A.Q.

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

No, a payday loan lender in Portsmouth, 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 Portsmouth, Iowa?

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