Payday Loans in Ranier, Minnesota

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No payday loan companies in Ranier, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
First Security Bank 316 Byron Ave N, Byron, MN 55920 +1 (507) 775 - 2316
U.S. Bank Branch 115 E Hickory St, Mankato, MN 56002 +1 (507) 387 - 9410
Midland Co-op Credit Union 5210 Central Ave NE 200, Minneapolis, MN 55421 +1 (763) 572 - 1368
U.S. Bank Branch 122 2nd Ave S, Sauk Rapids, MN 56379 +1 (320) 202 - 0798
Share Advantage Credit Union 2502 Maple Grove Rd, Duluth, MN 55811 +1 (218) 722 - 5931
Lee Aldrich at Guaranteed Rate - NMLS 325834 105 Sixth Ave South Suites 4 & 5, Princeton, MN 55371 +1 (612) 839 - 0217
Red Wing Pawn Jewelry 215 Washington St, Red Wing, MN 55066 +1 (651) 385 - 7605
Mandt Reiss Haglin PLLC 13039 Evergreen Dr S, Baxter, MN 56425 +1 (218) 824 - 2344
Woodland Bank 2610 US-169, Grand Rapids, MN 55744 +1 (218) 327 - 4000
Financial Advisors U.S. Bancorp Investments 1 Village Pkwy, Circle Pines, MN 55014 +1 (651) 982 - 2282

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ranier, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Minneapolis, MN, Payday Loans in Minnetonka, MN, Payday Loan Companies in Moorhead, MN, Payday Loan for Rochester, MN, Payday Loans in Saint Cloud, MN, Payday Loans in Saint Paul, MN, Payday Loans in Savage, MN and Online Loans in Shakopee, 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 Ranier, MN.

Beautiful sights of Ranier, MN

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

56668

Are Payday Loans Legal In Ranier, 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

Ranier, MN payday loan calculator

Payday Loans in Ranier, Minnesota

If you are in Ranier, Minnesota, and you find yourself facing an unexpected financial emergency, payday loans may be a solution to your problem. A payday loan is a short-term loan that allows you to borrow a small amount of money to cover your emergency expenses until your next paycheck arrives. This article will provide you with all the necessary information you need to know about payday loans in Ranier, Minnesota.

How do Payday Loans Work?

Payday loans are designed to be a temporary solution for a financial emergency. Usually, these loans are issued for a period of two weeks to one month, based on when you receive your paycheck. To apply for a payday loan, you need to provide proof of your income and a valid ID. Lenders will also check your employment status and credit score to determine if you qualify for a loan.

If you are approved for a payday loan, you will receive the loan amount in your bank account within one or two business days. When the loan becomes due, the lender will automatically deduct the loan amount plus fees from your bank account. If you are unable to pay the loan back on time, you will be charged additional fees, and the loan will be rolled over to the next month.

Benefits of Payday Loans

One of the benefits of payday loans is that they are easy to qualify for. Unlike traditional loans, payday lenders do not require collateral or a good credit score. As long as you have a job and a bank account, you can apply for a payday loan. Another benefit is that payday loans are available to people who need money urgently. Unlike traditional loans, payday lenders will issue loans within a few business days.

Important Information to Know

Payday Loans are Legal in Minnesota

Payday loans are legal in Minnesota, with certain restrictions. The loan amount cannot exceed $350, and the loan term cannot exceed 30 days. The maximum finance charge on a $100 payday loan for 14 days is $15.50.

Payday Loans Can be Expensive

Payday loans can be expensive due to the high fees associated with them. In Minnesota, a payday loan can have a maximum finance charge of up to $15.50 for every $100 borrowed. Therefore, it is important to only take out a payday loan if you are facing a financial emergency and have no other option.

Avoid Defaulting on Payday Loans

Defaulting on a payday loan can lead to additional fees and harm your credit score. If you are unable to pay your loan back on time, it is important to contact your lender to discuss a repayment plan. Most lenders are willing to work with you to find a solution that works for both parties.

Interesting Facts about Payday Loans in Ranier, Minnesota

  • One in ten Minnesotans have taken out a payday loan, according to a study conducted by the Department of Commerce.
  • Payday lending is a $150 billion industry in the United States.
  • The average payday loan borrower takes out eight loans per year, according to the Pew Charitable Trusts.
  • Studies have shown that payday loans can lead to a cycle of debt for some borrowers.

Apply Now

If you are facing a financial emergency, we encourage you to apply for a payday loan on our website. TheGuaranteedLoans is a connector service that will facilitate your connection with potential lenders. We will match you with the best lender that suits your needs. Please note that we are not a direct lender, and we do not provide loans directly.

To apply for a payday loan, please visit our website and fill out our online application. The application process is quick, easy, and secure. All you need to do is provide us with some basic information about yourself and your employment status, and we will take care of the rest.

Conclusion

In conclusion, payday loans in Ranier, Minnesota, can be a valuable solution for people facing a financial emergency. However, it is important to remember that payday loans can be expensive and should only be used when necessary. If you need immediate cash, our website TheGuaranteedLoans can connect you with a payday lender that suits your needs. Remember, we are here to help you in any way we can.

F.A.Q.

Is it possible to negotiate a payment plan with a payday lender in Ranier, Minnesota?

Yes, if you are unable to repay your payday loan in full by the due date, you can contact your lender to see if they are willing to negotiate a payment plan.

Are payday loans legal in Ranier, Minnesota?

Yes, payday loans are legal in Ranier, Minnesota.