Payday Loans in Calumet, Minnesota

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 Calumet, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
United States Postal Service 301 Main St, Palisade, MN 56469 +1 (800) 275 - 8777
Central Minnesota Credit Union 163 MN-23, Spicer, MN 56288 +1 (888) 330 - 8482
United Community Bank 122 Main Ave W, Frazee, MN 56544 +1 (218) 334 - 5501
Western Union 121 Depot Dr, Waconia, MN 55387 +1 (800) 325 - 6000
American Bank of the North 117 Central Ave, Nashwauk, MN 55769 +1 (218) 885 - 2278
First National Bank of Osakis 211 Central Ave, Osakis, MN 56360 +1 (320) 859 - 2101
Financial Advisors U.S. Bancorp Investments 1 Village Pkwy, Circle Pines, MN 55014 +1 (651) 982 - 2282
Falcon National Bank 183 Cedar Dr, Foley, MN 56329 +1 (320) 968 - 6300
Snyder Thornburg Wealth Management 710 Broadway St, Alexandria, MN 56308 +1 (320) 298 - 4455
Up North Financial 216 4th St NW, East Grand Forks, MN 56721 +1 (218) 773 - 8343

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Calumet, MN, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Andover, MN, Payday Loans in Burnsville, MN, Bad Credit Loans in Cottage Grove, MN, Emergency Loan in Duluth, MN, Payday Loans in Eden Prairie, MN, Short-term Loans in Inver Grove Heights, MN, Payday Loan Companies in Lakeville, MN and Same Day Loans in Mankato, MN. 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 Calumet, MN.

Beautiful sights of Calumet, MN

Payday Loans Available in Calumet, MN By The Following ZIP Codes:

55716

Are Payday Loans Legal In Calumet, Minnesota?

Loan Rates and Fees, Laws and Regulations in Minnesota.

Minnesota Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)200
Maximum Loan Amount$350
Minimum Loan TermNot Specified
Maximum Loan Term30 days
Number of Rollovers Allowed0
Finance Charges<$50 = $5.5; $50 - $100 = 10% + $5; $100 - $250 = 7% (min $10) + $5; $250 - $350 =6% (min $17.5) + $5

Calumet, MN payday loan calculator

Payday Loans in Calumet, Minnesota: What You Need to Know

If unexpected expenses have left you short on cash, you may be considering a payday loan. While these loans can offer a quick solution to your financial woes, it’s important to understand the potential risks and benefits before you apply. In this article, we’ll provide an in-depth look at payday loans in Calumet, Minnesota.

How Payday Loans Work

Payday loans are short-term loans that typically must be repaid by the borrower’s next payday. These loans are often used to cover unexpected expenses such as car repairs or medical bills. In Calumet, Minnesota, payday loans are legal and regulated by state laws.

When you apply for a payday loan, you’ll typically be asked to provide proof of income and a valid form of identification. The lender will then assess your application and determine the maximum amount you’re eligible to borrow. If you’re approved, you’ll typically receive the funds within one business day.

Interest rates on payday loans can be high, which is why they’re often considered a risky form of borrowing. In Minnesota, payday loans must be less than $350 and lenders cannot charge more than 33% in interest and fees.

The Risks of Payday Loans

While payday loans can provide a quick solution to your financial problems, they can also come with some risks. Because these loans are often due by your next payday, you may be forced to take out another loan to cover the repayment. This can lead to a cycle of borrowing and debt that can be difficult to escape.

In addition, payday loans can come with high fees and interest rates, which can add up quickly. This can make it difficult to repay the loan on time and can lead to additional fees and charges.

The Benefits of Payday Loans

Despite the potential risks, there are some benefits to payday loans. For one, they can provide a quick solution to unexpected expenses that may not be covered by your savings or credit cards. Additionally, payday loans can be a good option for borrowers with poor credit who may not qualify for other types of loans.

Interesting Facts and Statistics About Payday Loans in Calumet, Minnesota

  • According to a report by the Minnesota Department of Commerce, the average payday loan amount in Minnesota is $380.
  • In 2019, there were 182 licensed payday lenders operating in Minnesota.
  • The same report found that the total amount of payday loans taken out in Minnesota in 2018 was over $145 million.

Apply Now

If you’re considering a payday loan in Calumet, Minnesota, TheGuaranteedLoans can help. As a connector service, we can connect you with potential lenders who can provide the funds you need. To get started, simply fill out our online application and we’ll do the rest!

It’s important to remember that payday loans can come with high fees and interest rates, so be sure to read the terms and conditions carefully before you borrow. Don’t borrow more than you can repay, and if you’re struggling with debt, seek help from a reputable credit counseling agency.

At TheGuaranteedLoans, we’re committed to helping you make informed financial decisions. If you have any questions about payday loans or any other type of borrowing, don’t hesitate to reach out to us for assistance!

F.A.Q.

Can a payday lender report my loan to the credit bureau in Calumet, Minnesota?

Yes, a payday lender can report your loan to the credit bureau in Calumet, Minnesota, which may impact your credit score.

Is there a maximum number of times a payday loan can be extended in Calumet, Minnesota?

Yes, payday loans in Calumet, Minnesota can only be extended once.