Payday Loans in Wellman, Iowa

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Heartland Bank 615 6th Ave, Somers, IA 50586 +1 (515) 467 - 5561
Ohnward Bank & Trust 307 S Main St, Monticello, IA 52310 +1 (319) 465 - 6173
Waukon State Bank 22 W Main St, Waukon, IA 52172 +1 (563) 568 - 3451
Pinnacle Bank 1301 S County Rd, Toledo, IA 52342 +1 (641) 484 - 5141
Morgan Stanley 822 Central Ave Suite 325, Fort Dodge, IA 50501 +1 (515) 576 - 2116
Easy Cash Solutions 1165 E Locust St, Davenport, IA 52803 +1 (563) 323 - 1423
Farmers Savings Bank 205 W Main St, Marshalltown, IA 50158 +1 (641) 752 - 2525
Financial Advisors U.S. Bancorp Investments 100 E Jackson St, Centerville, IA 52544 +1 (641) 437 - 4078
DuTrac Community Credit Union 200 N 4th Ave, Eldridge, IA 52748 +1 (563) 285 - 7771
United Bank of Iowa 600 2nd St, Lohrville, IA 51453 +1 (712) 465 - 2715

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wellman, 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, Payday Loans in Sioux City, IA, Quick Loan in Urbandale, IA, Payday Loans in Waterloo, IA, Payday Loans in West Des Moines, IA, Guaranteed Loans in Ames, IA and Payday Loans 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 Wellman, IA.

Beautiful sights of Wellman, IA

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

52356

Are Payday Loans Legal In Wellman, 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

Wellman, IA payday loan calculator

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

For many people, payday loans in Wellman, Iowa, can seem like a convenient option when they need quick cash. However, it is crucial to understand how payday loans work and what your options are before making any financial decisions. In this article, we’ll explore everything you need to know about payday loans in Wellman, Iowa.

What are Payday Loans?

A payday loan is a short-term loan that usually has a repayment term of two to four weeks. In Iowa, payday loans are legal and regulated by the state. These loans are designed to help borrowers cover unexpected expenses when they are short on cash between paychecks.

How Do Payday Loans Work?

When a borrower takes out a payday loan, they write a post-dated check to the lender for the loan amount plus fees and interest. The lender will then cash the check on the borrower’s next payday. Alternatively, the borrower can authorize the lender to electronically withdraw the loan amount plus fees from their bank account on the due date.

Payday loans typically have high interest rates, and borrowers must repay the loan in full on the due date to avoid additional fees and interest charges. If the borrower cannot repay the loan on time, they may be able to extend the loan by paying additional fees and interest charges.

Are Payday Loans Right for You?

Before taking out a payday loan, consider your other options. Payday loans are expensive and can lead to a cycle of debt if you are unable to repay the loan on time. Some alternative options include:

  • Asking for an advance from your employer
  • Asking for a loan from family or friends
  • Using a credit card with a lower interest rate
  • Working with a credit counseling agency

It is crucial to evaluate your financial situation and weigh the costs and benefits of a payday loan before taking on any debt.

The Process of Applying for a Payday Loan in Wellman, Iowa

The process of applying for a payday loan in Wellman, Iowa, is relatively straightforward. Here are the steps:

  1. Gather your personal information, including your name, address, and Social Security number.
  2. Gather your financial information, including your income, employment information, and bank account details.
  3. Visit TheGuaranteedLoans website and fill out the online application form.
  4. Submit your application, and wait for lenders to review your information.
  5. If approved, review the loan terms and conditions, including interest rates, fees, and repayment due dates.
  6. Sign the loan agreement and receive the loan funds.

Remember, TheGuaranteedLoans is not a direct lender but a connector service that will facilitate your connection with potential lenders. Make sure you understand the loan terms and conditions before signing the loan agreement.

Interesting Facts and Statistics About Payday Loans in Wellman, Iowa

According to data from the Consumer Financial Protection Bureau, Iowa borrowers took out 709,000 payday loans in 2019, with an average loan amount of $303. The average interest rate for payday loans in Iowa is 327%, which is higher than the national average of 391%. The majority of payday borrowers in Iowa take out multiple loans in a year, leading to a cycle of debt and financial hardship.

Conclusion

Payday loans in Wellman, Iowa, can be a costly way to borrow money. Before taking out a payday loan, consider your other options and evaluate your financial situation. Remember to read the loan terms and conditions carefully and make sure you can repay the loan on time. Apply for a payday loan only if it is absolutely necessary and if you have a plan to repay the loan.

If you decide to apply for a payday loan, visit TheGuaranteedLoans website and fill out the online application form. We will connect you with potential lenders and help you get the cash you need.

Remember, borrowing money always comes with a cost. Make sure you understand the terms and conditions of any loan you take out and never borrow more than you can afford to repay.

F.A.Q.

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

Yes, there are alternatives to payday loans in Wellman, 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 Wellman, Iowa?

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