Payday Loans in White Lake, South Dakota

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No payday loan companies in White Lake, SD. Consider companies in other cities:

Company nameAddressZip codePhone number
Black Hills Federal Credit Union ATM 835 N Main St, Spearfish, SD 57783 +1 (605) 718 - 1818
Waddell & Reed, Inc. - Financial Advisors 519 State St, Belle Fourche, SD 57717 +1 (605) 892 - 6585
FNBO - First National Bank of Omaha 505 W 7th St, Woonsocket, SD 57385 +1 (605) 796 - 4422
The First National Bank in Sioux Falls 101 S Splitrock Blvd, Brandon, SD 57005 +1 (605) 782 - 5960
Commercial State Bank 204 Main Ave S, Wagner, SD 57380 +1 (605) 384 - 3646
Farm Bureau Financial Services 701 W 2nd St, Winner, SD 57580 +1 (605) 842 - 3808
Marsh & McLennan Agency LLC 300 N Cherapa Pl 601, Sioux Falls, SD 57103 +1 (605) 339 - 3874
Main Source Funding 101 S Reid St, Sioux Falls, SD 57103 +1 (877) 380 - 5760
National Pawn Co 1100 N Main St, Mitchell, SD 57301 +1 (605) 996 - 7296
Ace Loan 1315 Haines Ave B, Rapid City, SD 57701 +1 (605) 343 - 1632

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in White Lake, SD, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Rapid City, SD and Payday Loans in Sioux Falls, SD. 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 White Lake, SD.

Beautiful sights of White Lake, SD

Payday Loans Available in White Lake, SD By The Following ZIP Codes:

57383

Are Payday Loans Legal In White Lake, South Dakota?

Loan Rates and Fees, Laws and Regulations in South Dakota.

South Dakota Loan Regulations

Legal StatusLegal (restrictions apply)
Interest Rate (APR, %)36% small loan cap
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan TermNot Specified
Number of Rollovers Allowed4
Finance Charges$1.39 for a $100 loan given for 2 weeks

White Lake, SD payday loan calculator

Payday Loans in White Lake, South Dakota

If you live in White Lake, South Dakota, and find yourself facing an unexpected expense, a payday loan may be a viable option. A payday loan is a small-dollar, short-term loan that typically must be repaid on the borrower’s next payday. In South Dakota, payday loans are legal and regulated under South Dakota Codified Laws § 54-4-36 et seq. However, there are specific terms and requirements to recognize when looking for a payday loan.

What are the requirements for a payday loan in White Lake, South Dakota?

In South Dakota, payday loan lenders must be licensed, and borrowers must meet certain requirements to be eligible for a payday loan. To qualify for a payday loan in White Lake, South Dakota, you must:

  • Be at least 18 years old.
  • Have a steady income, such as employment, government benefits, or other regular source.
  • Have a valid checking account in your name.
  • Provide proof of identification, such as a driver’s license or state ID card.

Additionally, South Dakota law places certain restrictions on payday loans, such as:

  • Loan amount: The maximum loan amount is $500.
  • Loan term: The loan term must be less than or equal to 36 days.
  • Finance charges: The maximum annual percentage rate (APR) is 36%.
  • Extensions: Lenders cannot extend or roll over a payday loan more than four times.

What are the advantages of payday loans in White Lake, South Dakota?

For individuals facing unexpected expenses, such as car repairs or medical bills, payday loans in White Lake, South Dakota can be a helpful option. Some advantages of payday loans include:

  • Quick approval: Payday loans are often approved quickly, often on the same day you apply.
  • Easy application: Applying for a payday loan is typically simple and straightforward, and can often be done online or in-person.
  • No credit check: Payday loan lenders typically do not require a credit check, making them accessible to individuals with poor credit or no credit history.
  • Options for low-income individuals: Payday loans can be a viable option for individuals who may not qualify for traditional bank loans due to their income or credit history.

What are the disadvantages of payday loans in White Lake, South Dakota?

While payday loans can be a helpful option for some individuals, they are not without their disadvantages. Some potential drawbacks of payday loans include:

  • High interest rates: Payday loans typically have high interest rates, which can make them expensive to repay.
  • Short repayment window: Because payday loans typically must be repaid on your next payday, borrowers may struggle to repay the loan in time, leading to additional fees and charges.
  • Cycle of debt: If you cannot repay the loan on time, you may be forced to roll over or extend the loan, leading to additional fees and charges and potentially trapping you in a cycle of debt.

Interesting Facts and Statistics About Payday Loans in White Lake, South Dakota

  • South Dakota is one of the few states that has no cap on the interest rates that lenders can charge on installment loans, which can lead to high costs for borrowers.
  • In 2016, the average payday loan in South Dakota was $374, and the average borrower took out 10 payday loans during that year.
  • While payday loans are legal in South Dakota, some consumer advocates and legislators have raised concerns about the high interest rates and potential for borrowers to become trapped in a cycle of debt.

Apply Now for a Payday Loan in White Lake, South Dakota

If you need a payday loan in White Lake, South Dakota, TheGuaranteedLoans can help you connect with potential lenders. As a connector service, we do not lend money ourselves but work with a network of reliable lenders to help match borrowers with loans that meet their needs. Our application process is quick and easy, and you can apply online from the comfort of your own home.

When you apply with TheGuaranteedLoans, you can rest assured that your information is safe and secure, and we will only share your information with lenders who may be able to offer you a loan. Apply now to get started!

F.A.Q.

How do I apply for a payday loan in White Lake, South Dakota?

To apply for a payday loan in White Lake, South Dakota, you will need to visit a licensed lender in person or apply online. You will need to provide proof of income and identification, and agree to the terms of the loan.

What are the eligibility requirements for a payday loan in White Lake, South Dakota?

To be eligible for a payday loan in White Lake, South Dakota, you must be at least 18 years old, have a regular source of income, and have a valid checking or savings account.

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