Payday Loans in Rome, Iowa

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

Company nameAddressZip codePhone number
EZ Money Check Cashing 2121 Hamilton Blvd, Sioux City, IA 51103 +1 (712) 258 - 8542
Check `n Go 1419 Hamilton Boulevard 1A, Sioux City, IA 51103 +1 (712) 252 - 1432
Peoples Savings Bank 233 W Dike Rd, Dike, IA 50624 +1 (319) 989 - 9062
Central State Bank 345 US-151, Walford, IA 52351 +1 (319) 846 - 2650
Security Savings Bank 116 Main St 7596, Lehigh, IA 50557 +1 (515) 359 - 2150
The Lending Company, LLC 1716 Hill Ave, Spirit Lake, IA 51360 +1 (712) 336 - 2235
Lincoln Savings Bank 141 Eldora Rd, Hudson, IA 50643 +1 (319) 988 - 3630
Town Financial 1301 E Euclid Ave, Des Moines, IA 50316 +1 (515) 265 - 5623
United Bank & Trust 2101 S Center St, Marshalltown, IA 50158 +1 (641) 753 - 5900
Bank of the West 108 E Main St, Lamoni, IA 50140 +1 (641) 784 - 6926

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rome, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Iowa City, IA, Payday Loans in Marion, IA, Payday Loans in Sioux City, IA, Payday Loans in Urbandale, IA, Payday Loans in Waterloo, IA, No Credit Check Loans in West Des Moines, IA, No Credit Check Loans in Ames, IA and Emergency Loan in Ankeny, 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 Rome, IA.

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

52642

Are Payday Loans Legal In Rome, 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

Rome, IA payday loan calculator

Understanding Payday Loans in Rome, Iowa

When unexpected expenses arise, many people in Rome, Iowa, turn to payday loans for a quick fix. Payday loans are small, short-term loans designed to help borrowers cover emergency expenses until their next payday. They can be a valuable resource for those facing unexpected financial hardship, but it’s important to understand the terms and risks associated with these loans before applying.

The Legal Status of Payday Loans in Iowa

Payday loans are legal in the state of Iowa, but with certain regulations in place to protect consumers. The Iowa Division of Banking regulates payday lenders and enforces the state’s payday lending laws. Lenders must be licensed with the state and follow specific guidelines, including:

  • Limiting loan amounts to $500 or less.
  • Limiting fees to $15 for every $100 borrowed.
  • Providing borrowers with a repayment plan option.
  • Ensuring borrowers have no more than two loans at a time.

These regulations are meant to protect borrowers from falling into a cycle of debt and exorbitant fees.

The Benefits of Payday Loans

Payday loans can be a lifesaver for those facing unexpected expenses, such as a medical emergency, car repair, or home repair. They offer a quick and easy solution for those who may not have access to traditional lines of credit or may have bad credit. Some benefits of payday loans include:

  • Easy to obtain: Unlike traditional loans, payday loans require minimal documentation, and approval is often quick.
  • Fast funding: Funds are typically available within one business day.
  • No credit check: Borrowers with bad credit can still qualify for a payday loan.
  • Flexibility: Borrowers can use the loan for any purpose.

However, it’s important to remember that payday loans come with high-interest rates and fees, and should be used only as a last resort for emergency expenses.

The Risks of Payday Loans

While payday loans can offer fast relief for unexpected expenses, they also come with considerable risks. Because of the high-interest rates and fees, borrowers can easily fall into a cycle of debt, requiring them to take out additional loans to pay off previous ones. This can result in a never-ending cycle of debt and financial hardship.

Additionally, some lenders may engage in predatory lending practices, such as offering loans with hidden fees or charging exorbitant interest rates beyond the state-mandated limits. For this reason, it’s essential to read all loan documents carefully and fully understand the terms and fees associated with the loan before signing.

Interesting Facts and Statistics about Payday Loans in Rome, Iowa

  • Payday loans are legal in 37 states, including Iowa.
  • The average payday loan borrower takes out eight loans per year.
  • The payday loan industry generates over $9 billion in revenue each year.
  • Iowa has some of the strictest payday lending regulations in the country.

Apply Now with TheGuaranteedLoans

If you’re facing an unexpected expense and need a payday loan, TheGuaranteedLoans can help. As a connector service, we can match you with potential lenders who can offer you the loan you need. Our online application process is quick and easy, and funds are typically available within one business day.

Remember, payday loans should be used only as a last resort for emergency expenses. It’s essential to fully understand the terms and fees associated with the loan before signing, and to borrow only what you can afford to pay back.

Apply now and get the funds you need to cover your emergency expenses with TheGuaranteedLoans.

F.A.Q.

Are there any alternatives to payday loans in Rome, Iowa?

Yes, there are alternatives to payday loans in Rome, Iowa, such as borrowing from friends or family, taking out a personal loan, or working with a credit counseling agency to develop a budget and payment plan.

Is it possible to get a payday loan with no employment in Rome, Iowa?

It may be possible to get a payday loan with no employment in Rome, Iowa if you have another source of income, such as government benefits or alimony payments. However, most lenders will require proof of income to qualify for a loan.