Payday Loans in Wall Lake, Iowa

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

Company nameAddressZip codePhone number
Guthrie County Abstract Co 110 N 4th St, Guthrie Center, IA 50115 +1 (641) 332 - 2339
Iowa State Bank & Trust Co 55 S 4th St, Fairfield, IA 52556 +1 (641) 472 - 3161
Select One Pawn 16 6th St SW, Mason City, IA 50401 +1 (641) 583 - 2475
Johnston Stannard Klesner 1927 Keokuk St, Iowa City, IA 52240 +1 (319) 354 - 1712
MidWestOne Bank 1422 9th St SE, Dyersville, IA 52040 +1 (563) 875 - 2492
Security Savings Bank 202 Beech St 7703, Boxholm, IA 50040 +1 (515) 846 - 6281
Farm Bureau Financial Services: Will Miller 209 Centennial Dr STE B, Cherokee, IA 51012 +1 (712) 225 - 6451
Pilot Grove Savings Bank 403 S Gear Ave 101, West Burlington, IA 52655 +1 (319) 208 - 7857
Fidelity Abstract & Title Co 1228 Edgington Ave, Eldora, IA 50627 +1 (641) 858 - 5496
Steven A Gantz - Ameriprise Financial Services, LLC 24 E Main St 102, Marshalltown, IA 50158 +1 (641) 352 - 5003

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wall Lake, IA, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Iowa City, IA, Quick Loan in Marion, IA, Short-term Loans in Sioux City, IA, Same Day Loans in Urbandale, IA, Same Day Loans in Waterloo, IA, Guaranteed Loans in West Des Moines, IA, Payday Loan Without a Credit Check in Ames, IA and Quick 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 Wall Lake, IA.

Beautiful sights of Wall Lake, IA

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

51466

Are Payday Loans Legal In Wall Lake, 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

Wall Lake, IA payday loan calculator

Payday Loans in Wall Lake, Iowa

Payday loans, also called cash advances, are a type of short-term loan that is typically repaid on the borrower’s next payday. These loans can be helpful when an unexpected expense arises, but they can also be expensive and potentially trap borrowers in a cycle of debt if not used responsibly.

How Payday Loans Work

In Wall Lake, Iowa, as in many other states, payday lending is legal. Iowa Code § 533D governs payday lending in the state, establishing regulations for lenders and borrowers alike. To obtain a payday loan in Wall Lake, a borrower typically must have a steady income, a valid ID, and an active checking account.

The amount a borrower can borrow is typically capped at $500. The borrower writes a post-dated check for the loan amount plus fees, which the lender cashes on the borrower’s next payday. If the borrower is unable to repay the loan on time, the lender may offer a rollover, which extends the loan term but also increases the fees and interest charged.

The Costs of Payday Loans

Payday loans can be expensive, as they often come with high fees and interest rates. Iowa law caps the fees lenders can charge at $15 for the first $100 borrowed and $10 for each additional $100. Lenders may also charge interest rates as high as 400% APR.

For example, if a borrower takes out a $500 payday loan in Wall Lake and is charged the maximum fees and interest rates allowed by law, they could end up paying back as much as $600 or more over the course of the loan term.

Payday Loan Alternatives

For those who need cash quickly, payday loans may seem like the only option. However, there are other alternatives that may be less expensive and less risky. These include:

  • Credit cards: If you have a credit card, you may be able to use it to cover unexpected expenses.
  • Personal loans: Personal loans from traditional banks or online lenders may offer lower interest rates than payday loans.
  • Borrowing from friends or family: If you have friends or family who are willing and able to lend you money, this may be a less expensive option.

Interesting Facts and Statistics about Payday Loans in Wall Lake, Iowa

  • According to the Iowa Division of Banking, there were 175 licensed payday loan locations in Iowa in 2020.
  • Between July 2019 and June 2020, Iowa borrowers took out 563,679 payday loans, with an average loan amount of $333.25.
  • The average APR for Iowa payday loans was 273% in 2020.

Apply Now

If you are considering a payday loan in Wall Lake, Iowa, it is important to weigh the costs and risks carefully. If you decide that a payday loan is the right option for you, TheGuaranteedLoans can help connect you with potential lenders who may be able to offer you a loan.

Fill out our online application now to get started. Please note that TheGuaranteedLoans is a connector service, not a direct lender, and we do not make credit decisions or charge any fees for our service. We simply facilitate the connection between borrowers and potential lenders.

F.A.Q.

Are there any alternatives to payday loans in Wall Lake, Iowa?

Yes, there are alternatives to payday loans in Wall Lake, 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 Wall Lake, Iowa?

It may be possible to get a payday loan with no employment in Wall Lake, 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.