Payday Loans in Collinston, Utah

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No payday loan companies in Collinston, UT. Consider companies in other cities:

Company nameAddressZip codePhone number
Cache Financial Solutions 555 W 100 N Ste E, Providence, UT 84332 +1 (435) 754 - 7889
Mountain America Credit Union 39 E Main St, Duchesne, UT 84021 +1 (435) 738 - 0558
Altabank - Tremonton 300 E Main St, Tremonton, UT 84337 +1 (435) 255 - 6230
12th Street Pawn & Loan 525 W 12th St, Ogden, UT 84404 +1 (801) 393 - 7296
Zions Direct 111 E Center St, Blanding, UT 84511 +1 (435) 678 - 3241
Fast Cache Pawn 527 Main St, Logan, UT 84321 +1 (435) 753 - 2316
Check `n Go 757 E 3300 S, Salt Lake City, UT 84106 +1 (801) 463 - 7774
Mountain America Credit Union 1155 W State St, Hurricane, UT 84737 +1 (435) 635 - 4475
Money 4 You Payday Loans 7052 State St, Midvale, UT 84047 +1 (801) 563 - 9797
Terrie A Lochrie Fairway Independent Mortgage Corporation Loan Officer 1245 Deer Valley Dr Suite 300, Park City, UT 84060 +1 (801) 554 - 5990

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Collinston, UT, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Logan, UT, Payday Loan for Midvale, UT, Payday Loans in Ogden, UT, Payday Loans in Orem, UT, Payday Loan Companies in Pleasant Grove, UT, Payday Loans in Provo, UT, Emergency Loan in Riverton, UT and Payday Loans in Roy, UT. 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 Collinston, UT.

Are Payday Loans Legal In Collinston, Utah?

Loan Rates and Fees, Laws and Regulations in Utah.

Utah Loan Regulations

Legal StatusLegal (Applies to check cashers only)
Interest Rate (APR, %)658
Maximum Loan AmountNo Limit
Minimum Loan TermNot Specified
Maximum Loan Term70 days (10 weeks)
Number of Rollovers AllowedNot specified
Finance ChargesNot specified

Collinston, UT payday loan calculator

Payday Loans in Collinston, Utah

If you are looking to borrow small amounts of money quickly for unexpected expenses, payday loans may be a viable solution. Payday loans are short-term loans that are designed to be repaid on your next paycheck. While they can be a helpful solution in times of financial emergency, it is essential to understand the risks involved and ensure that you can repay the loan promptly.

How do Payday Loans work in Collinston, Utah?

In Collinston, Utah, payday loans are legal but only to check cashers. The maximum loan amount allowed in Utah is $1000, with a minimum term of 60 days. The Annual Percentage Rate (APR) on a payday loan in Utah ranges from 459% to 1392%, depending on the loan amount and the length of the loan.

Before applying for a payday loan, you must provide the lender with proof of income, a valid ID, and an active checking account. Utah regulations limit the amount of money you can borrow at a time, and lenders are not allowed to roll over loans or extend repayment terms.

What are the Benefits of Payday Loans in Collinston, Utah?

  • Quick access to cash: Payday loans are designed to provide you with fast access to cash, often on the same day you apply.
  • No credit check: Many payday loan lenders do not require a credit check for approval, making them a suitable option for individuals with poor credit scores.
  • Minimal application requirements: The application process for a payday loan is usually simple and requires only a few basic documents such as proof of income and a valid ID.

What are the Risks of Payday Loans in Collinston, Utah?

  • High interest rates: The high-interest rates on payday loans can make them a costly option, and if you are unable to repay the loan on time, the fees and charges can add up.
  • Cycle of debt: If you are unable to repay the loan promptly, you may end up in a cycle of debt, where you take out additional loans to cover the original loan’s cost and the fees associated with it.
  • Collection practices: Some payday loan lenders may resort to aggressive collection practices, such as harassment or threats of legal action, to recover the loan amount.

Interesting Facts and Statistics about Payday Loans in Collinston, Utah

  • Utah has the highest average payday loan interest rate in the country at 456%, according to a study conducted by the Center for Responsible Lending.
  • The percentage of Utah residents taking out payday loans has increased from 4.7% in 2011 to 10.8% in 2019, according to Utah Department of Financial Institutions.
  • The average payday loan borrower takes out 10 loans per year, with a typical loan size of $350, according to a report by the Utah Department of Financial Institutions.

Apply Now

If you need to apply for a payday loan in Collinston, Utah, you can fill out an application on our website. TheGuaranteedLoans is a connector service that connects borrowers with potential lenders. We do not issue payday loans directly and do not make lending decisions. We are here to facilitate your connection with potential lenders and help you find the best loan option for your needs. Please note that payday loans are a short-term solution and should be used responsibly.

F.A.Q.

Do I need collateral to obtain a payday loan in Collinston, Utah?

No, payday loans do not require collateral and are unsecured loans.

Can I have more than one payday loan at a time in Collinston, Utah?

No, Utah state law limits borrowers to only having one active payday loan at a time.