Payday Loans in Runnells, Iowa

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

Company nameAddressZip codePhone number
Community Bank & Trust 210 W 4th St, Wilton, IA 52778 +1 (563) 732 - 2077
Midstates Bank 705 1st St, Sergeant Bluff, IA 51054 +1 (712) 943 - 3500
Commercial Service of Perry 408 12th St, Perry, IA 50220 +1 (515) 465 - 5817
Community 1st Credit Union 1311 A Ave W, Oskaloosa, IA 52577 +1 (641) 673 - 7243
Jerry's Pawn & Jewelry 1599 Central Ave, Dubuque, IA 52001 +1 (563) 583 - 0657
Rolling Hills Bank & Trust 615 S Division St, Stuart, IA 50250 +1 (515) 523 - 2203
MidWestOne Bank 112 N Main St, Sigourney, IA 52591 +1 (641) 622 - 2381
Principal - Judson Miller 18 N 5th St, Keokuk, IA 52632 +1 (319) 524 - 8656
Libertyville Savings Bank: Fairfield 2000 W Jefferson Ave, Fairfield, IA 52556 +1 (641) 472 - 9839
First State Bank 413 East St, Lynnville, IA 50153 +1 (641) 527 - 2535

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Runnells, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Sioux City, IA, Payday Loans in Urbandale, IA, Bad Credit Loans in Waterloo, IA, 24-Hour Loan in West Des Moines, IA, Payday Loans in Ames, IA, Emergency Loan in Ankeny, IA, Payday Loan Without a Credit Check in Bettendorf, IA and Emergency Loan in Cedar Falls, 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 Runnells, IA.

Beautiful sights of Runnells, IA

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

50237

Are Payday Loans Legal In Runnells, 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

Runnells, IA payday loan calculator

Payday Loans in Runnells, Iowa

If you need quick cash to cover an unexpected expense, you may want to consider a payday loan. Payday loans are a type of short-term loan that can help you bridge the gap until your next paycheck. In Iowa, payday loans are legal, but there are regulations that lenders must follow. In this article, we’ll take a deeper look into payday loans in Runnells, Iowa, and help you understand the benefits, risks, and regulations associated with these loans.

How Do Payday Loans Work?

Payday loans are designed to provide temporary financial relief to borrowers who need cash quickly. Typically, payday loans are small-dollar loans that are due on your next payday. These loans can be used to cover unexpected expenses such as car repairs, medical bills, or emergency travel.

To apply for a payday loan in Runnells, Iowa, you must be at least 18 years old, provide proof of income, and have an active checking account. Lenders may also require a postdated check that covers the full amount of the loan plus fees and interest. If you are approved for a payday loan, the funds are usually deposited into your checking account within one business day.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have both advantages and disadvantages. Here are some things to keep in mind:

Pros:

  • Quick and easy application process
  • Available to borrowers with poor credit
  • No collateral or security required

Cons:

  • High interest rates and fees
  • Short repayment terms
  • Can lead to a cycle of debt

It’s important to carefully consider the pros and cons before taking out a payday loan. If you’re not sure whether a payday loan is right for you, it’s a good idea to talk to a financial advisor or credit counselor.

The Regulations Governing Payday Loans in Iowa

In Iowa, the maximum loan amount for a payday loan is $500, and the maximum loan term is 31 days. Lenders are also required to disclose the total cost of the loan, including fees and interest, in writing before you sign the loan agreement. Additionally, lenders must be licensed by the Iowa Division of Banking and follow state regulations regarding interest rates, fees, and other lending practices.

It’s important to be aware of your rights as a borrower and to carefully read and understand all loan documents before signing. If you have any questions or concerns, don’t hesitate to ask the lender or seek the advice of a legal professional.

Interesting Facts and Statistics About Payday Loans in Runnells, Iowa

Did you know that the average payday loan in Iowa is $341, and the average borrower takes out eight loans per year? Additionally, a recent study found that payday loans in Iowa have an effective annual interest rate of 273%, which is higher than the national average of 391%. These statistics underscore the importance of understanding the risks and costs associated with payday loans and making informed financial decisions.

Apply Now for a Payday Loan in Runnells, Iowa

If you’re in need of quick cash, you can apply now for a payday loan in Runnells, Iowa through TheGuaranteedLoans. Our online application is fast and easy, and we’ll work with our network of lenders to help connect you with a loan that meets your needs. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we are committed to helping borrowers find safe and reliable lending options.

Conclusion

Payday loans can be a helpful financial tool in certain situations, but they should be used with caution. If you’re considering a payday loan in Runnells, Iowa, be sure to carefully weigh the pros and cons and understand your rights as a borrower. With the right information and a responsible approach, you can use a payday loan to manage unexpected expenses and stay on top of your finances.

F.A.Q.

How much can I borrow with a payday loan in Runnells, Iowa?

The maximum amount that you can borrow with a payday loan in Runnells, Iowa is $500.

What are the interest rates and fees associated with payday loans in Runnells, Iowa?

Payday loans in Runnells, Iowa have a maximum annual percentage rate (APR) of 36%. There may also be additional fees, such as origination fees and late payment fees.