Payday Loans in Weldon, Iowa

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

Company nameAddressZip codePhone number
Lee Co Credit Union 123 Boulevard Rd 5, Keokuk, IA 52632 +1 (319) 524 - 4346
Heacock & Jones Financial Services 1545 Associates Dr 102, Dubuque, IA 52002 +1 (563) 585 - 1400
Farmers Savings Bank 103 3rd St, Frederika, IA 50631 +1 (319) 275 - 4301
Jackson Hewitt Tax Service 2203 A Ave W, Oskaloosa, IA 52577 +1 (641) 672 - 7528
EZ Money Check Cashing 3606 N Brady St, Davenport, IA 52806 +1 (563) 445 - 1075
FNBO - First National Bank of Omaha 102 S Locust St, Glenwood, IA 51534 +1 (712) 527 - 3171
Chec King Payday Advance 2222 E 53rd St #4, Davenport, IA 52807 +1 (563) 355 - 4059
The Lending Company, LLC 1716 Hill Ave, Spirit Lake, IA 51360 +1 (712) 336 - 2235
Check Into Cash 600C W Taylor St, Creston, IA 50801 +1 (641) 782 - 2247
Bank of the West 425 Walker St, Woodbine, IA 51579 +1 (712) 458 - 7111

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Weldon, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Ankeny, IA, Payday Loans in Bettendorf, IA, Payday Loans in Cedar Falls, IA, Guaranteed Loans in Cedar Rapids, IA, Payday Loan for Council Bluffs, IA, Payday Loan Companies in Davenport, IA, Payday Loans in Des Moines, IA and Bad Credit Loans in Dubuque, 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 Weldon, IA.

Beautiful sights of Weldon, IA

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

50264

Are Payday Loans Legal In Weldon, 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

Weldon, IA payday loan calculator

Payday Loans in Weldon, Iowa: Everything You Need to Know

When you find yourself in a financial bind, you may be considering a payday loan. These loans are a short-term solution to help you bridge the gap until your next paycheck. While payday loans are legal in Iowa, it’s important to understand the regulations surrounding them.

What is a Payday Loan?

A payday loan is a type of short-term borrowing that allows you to get cash quickly. These loans are typically due on your next payday, which is where the name comes from. Many payday loan lenders offer loans up to $500, although some may offer larger amounts. The loan fees are typically a flat fee, rather than an annual percentage rate (APR).

Payday Loan Regulations in Iowa

In Iowa, payday loans are legal and regulated by the Iowa Division of Banking. According to Iowa law, the maximum amount you can borrow is $500, and the maximum loan term is 31 days. Additionally, lenders can’t charge more than $15 for every $100 borrowed, which means the APR on a 14-day loan is 391%. Lenders are also required to provide a written agreement outlining the loan terms and fees.

Pros and Cons of Payday Loans

Pros:

  • Quick access to cash when you need it
  • No credit check required
  • Can help you avoid late fees or overdraft fees

Cons:

  • High fees and interest rates
  • Can lead to a cycle of debt if you can’t repay the loan on time
  • May not be the best solution for long-term financial problems

It’s important to consider both the pros and cons of payday loans before deciding if they’re the right option for you.

Interesting Facts and Statistics About Payday Loans in Weldon, Iowa

  • In 2020, there were around 200 payday loan locations in Iowa.
  • As of 2019, the average payday loan amount in Iowa was $341.
  • According to a 2016 report, more than 50% of payday loan borrowers in Iowa earn less than $30,000 per year.

These facts and statistics give us insight into the prevalence and impact of payday loans in Iowa.

Apply Now for a Payday Loan in Weldon, Iowa

If you’re considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application form, and we’ll match you with lenders who may be able to provide the cash you need. It’s important to remember that TheGuaranteedLoans is a connector service and not a direct lender.

Payday loans can be a useful financial tool for those who need cash quickly. It’s crucial to understand the regulations in Iowa and weigh the pros and cons before making a decision. With TheGuaranteedLoans, you can take the first step towards getting the help you need.

F.A.Q.

What are the consequences of taking out multiple payday loans in Weldon, Iowa?

Taking out multiple payday loans in Weldon, Iowa can be financially risky and lead to a cycle of debt. If you are unable to repay your loans on time, the fees and interest can quickly add up, making it difficult to break the cycle.

Can I be sued for not paying back a payday loan in Weldon, Iowa?

Yes, you can be sued for not paying back a payday loan in Weldon, Iowa. If you default on your loan, the lender may file a lawsuit against you to recover the outstanding debt.