Payday Loans in Waterville, Iowa

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

Company nameAddressZip codePhone number
United Bank of Iowa 600 2nd St, Lohrville, IA 51453 +1 (712) 465 - 2715
American State Bank 203 Main St, Hospers, IA 51238 +1 (712) 752 - 8111
BakerStarrett LLP 808 Commercial St, Grinnell, IA 50112 +1 (641) 236 - 8083
Fritz Accounting 1620 Spray St, Burlington, IA 52601 +1 (319) 752 - 1112
PPS Financial Services Inc 1508 1st Ave NE, Cedar Rapids, IA 52402 +1 (319) 362 - 3225
Chelsea Savings Bank 601 13th St, Belle Plaine, IA 52208 +1 (319) 444 - 3144
Great Western Bank 206 Broad St, Humeston, IA 50123 +1 (641) 877 - 2341
Great Southern Bank 12257 University Ave, Clive, IA 50325 +1 (515) 453 - 2265
Peoples State Bank 102 S Main St, Albia, IA 52531 +1 (641) 932 - 7887
Gunderson Kathy L CPA 131 S Lawler St, Postville, IA 52162 +1 (563) 864 - 7016

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Waterville, IA

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

52170

Are Payday Loans Legal In Waterville, 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

Waterville, IA payday loan calculator

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

Are you struggling to make ends meet and considering a payday loan in Waterville, Iowa? Payday loans are a form of short-term lending that can help you bridge the gap between paychecks. However, before taking out a payday loan, it’s important to understand the regulations in place and the potential risks and benefits of this type of borrowing.

How Do Payday Loans Work?

Payday loans are typically for smaller amounts than traditional bank loans and are designed to be repaid quickly. To obtain a payday loan, you will need to provide proof of income and a valid form of identification. The lender will typically require a post-dated check or access to your bank account as collateral.

The loan amount you will be eligible for depends on the lender and your income level. In Iowa, the maximum amount for a payday loan is $500, and the loan term cannot exceed 31 days.

Regulations and Risks

While payday loans are legal in Iowa, the state has implemented regulations to protect borrowers. Payday lenders are required to be licensed and to disclose the full terms and conditions of the loan before you sign any agreements. Additionally, the maximum interest rate for a payday loan in Iowa is 433%, which can result in significant fees and high costs of borrowing.

It’s essential to understand the risks of payday loans before taking one out. While they can be helpful in times of financial need, they can also trap borrowers in a cycle of debt, with high interest rates and fees making it difficult to repay the loan on time. Additionally, if you’re unable to make your payments, the lender may take legal action against you, which can have long-term consequences.

Benefits of Payday Loans

Despite the risks associated with payday loans, there are also potential benefits. For example, if you have an unexpected expense, such as a medical bill or car repair, and do not have savings to cover it, a payday loan can provide quick access to cash to pay for the expense. Additionally, payday loans can be a useful option for those who do not have access to traditional forms of credit.

Interesting Facts About Payday Loans in Waterville, Iowa

– As of 2021, there are no payday lenders physically located in Waterville, Iowa, but several lenders provide online services to the area.
– In 2020, the average payday loan amount in Iowa was $301.
– In Iowa, the average APR for payday loans is 296%.

Apply Now

If you’re considering a payday loan in Waterville, Iowa, TheGuaranteedLoans can help you connect with potential lenders. Our online application process is fast and easy, and we’ll provide you with a list of lenders willing to lend to you based on the information you provide. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we will facilitate your connection with potential lenders.

The Bottom Line

If you’re in a financial bind and considering a payday loan in Waterville, Iowa, it’s important to carefully consider the regulations and risks associated with this type of borrowing. While payday loans can provide quick access to cash, they can also have high fees and interest rates, making it difficult to repay the loan on time. When borrowing, it is important to understand the terms and conditions of the loan fully, and to use payday loans only as required.

F.A.Q.

Can I rollover or extend a payday loan in Waterville, Iowa?

Rolling over or extending a payday loan in Waterville, Iowa is not allowed. If you are unable to repay your loan on the agreed-upon date, you may be able to work out a payment plan with your lender.

Are there any restrictions on the use of payday loan funds in Waterville, Iowa?

Yes, in Waterville, Iowa, payday loan funds must be used for personal, family, or household purposes only. They cannot be used for business or investment purposes.