Payday Loans in Rock Falls, Iowa

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

Company nameAddressZip codePhone number
Telco Triad Community Credit Union 11 N 7th St, Denison, IA 51442 +1 (712) 263 - 8100
South Ottumwa Savings Bank 320 Church St, Ottumwa, IA 52501 +1 (641) 682 - 7541
Bank Iowa - Villisca 300 S 3rd Ave, Villisca, IA 50864 +1 (712) 826 - 2562
Farmers Savings Bank 130 W Mission St, Strawberry Point, IA 52076 +1 (563) 933 - 2525
EZ Money Check Cashing 2121 Hamilton Blvd, Sioux City, IA 51103 +1 (712) 258 - 8542
First Abstract & Loan Co 601 W Main St, Cherokee, IA 51012 +1 (712) 225 - 3612
MidWestOne Financial Group Inc 124 S 1st St, Oskaloosa, IA 52577 +1 (641) 673 - 4587
Advance America 1801 E Kimberly Rd Ste. 3, Davenport, IA 52807 +1 (563) 359 - 5525
Wilon Wealth Management 414 W Main St, Sac City, IA 50583 +1 (712) 662 - 3866
Hometown Cash Advance 2842 University Ave, Waterloo, IA 50701 +1 (319) 236 - 0600

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Rock Falls, IA

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

50467

Are Payday Loans Legal In Rock Falls, 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

Rock Falls, IA payday loan calculator

Everything You Need to Know About Payday Loans in Rock Falls, Iowa

Payday loans can be a valuable financial tool for those who need quick cash. However, it’s important that borrowers understand the terms and risks associated with these loans. In Rock Falls, Iowa, payday loans are legal, but it’s crucial to access them responsibly. Here’s everything you need to know about payday loans in Rock Falls, Iowa.

How Do Payday Loans Work?

Payday loans are short-term loans that are typically due on the borrower’s next payday. These loans are designed for those who need quick cash between paychecks to cover unexpected expenses, such as medical bills, car repairs, or household emergencies. The borrower typically writes a post-dated check or provides authorization for the lender to withdraw the loan amount plus fees from their bank account on their next payday.

Payday loans are available to borrowers with poor or no credit, and the application process is relatively simple. The borrower provides proof of income and identification, and the lender determines the loan amount based on the borrower’s income and expenses.

The Risks of Payday Loans

While payday loans can provide a quick solution to an immediate financial need, they come with high fees and interest rates. In Iowa, the maximum amount a borrower can receive in a payday loan is $500, and the maximum term is 31 days. The lender can charge up to $15 for every $100 borrowed, which equates to an annual percentage rate (APR) of 390 percent for a two-week loan.

Borrowers who are unable to repay the loan on their next payday may roll over the loan for an additional fee, which can trap them in a cycle of debt. It’s crucial that borrowers understand the terms and risks associated with payday loans before they borrow.

The Benefits of Payday Loans

Despite the risks, payday loans can provide a quick solution to an immediate financial need. They are available to borrowers with poor or no credit, and the application process is relatively simple. Payday loans can also be less expensive than bank overdraft fees or late payment fees on credit cards or utility bills.

Interesting Facts and Statistics

  • In Iowa, there are 220 licensed payday loan locations as of 2021.
  • According to a report by the Iowa Division of Banking, the average loan amount in 2019 was $317, and the average APR was 284 percent.
  • The report also found that 25 percent of payday loan borrowers took out 12 or more loans in 2019.

Apply Now

If you are considering a payday loan in Rock Falls, Iowa, it’s important to access it responsibly. TheGuaranteedLoans is a connector service that can help you find a potential lender. We do not provide direct loans, but we can facilitate your connection with a lender who can meet your needs.

Fill out an online application on our website to get started. Remember to borrow only what you can afford to repay, and read the terms and conditions carefully before you sign a loan agreement.

At TheGuaranteedLoans, we prioritize transparency and responsible lending practices. If you have any questions or concerns, our customer service team is available to assist you.

F.A.Q.

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

Yes, in Rock Falls, 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 Rock Falls, Iowa provide a borrower with a grace period before repayment is due?

Yes, a payday loan lender in Rock Falls, 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.