Payday Loan 
Title Loan 
Personal Loan 
Business Loan 
What are Payday Loans in Kaysville, UT?
Payday loans, also known as short-term loans, are small cash loans designed to bridge the gap between paydays. They are usually unsecured loans, meaning you do not need collateral to qualify. Payday loans are often used for emergency situations such as unexpected bills or large, unexpected expenses. Payday loans in Kaysville, UT, are governed by the Utah state laws regarding payday loan companies.
Are Payday Loans Legal in Utah?
Yes, payday loans are legal in Utah. According to Utah state law, payday lenders can only extend loans up to $500 and must cap the interest rate at 300%. In addition, the loan must be limited to no more than two installments and must be paid within 10 weeks.
Who Can Apply for a Payday Loan?
In order to apply for a payday loan in Kaysville, UT, you must be at least 18 years old and a Utah resident. You must also have a valid form of identification and provide proof of your source of income, such as a pay stub or bank statement.
How do I Apply for a Payday Loan?
You can apply for a payday loan either by visiting a payday loan store in Kaysville, UT, or by filling out an online application through a lender. If you choose to visit a payday loan store, be sure to bring your valid identification, proof of income, and a copy of your most recent pay stub.
How Much Money Can I Borrow?
Payday loans in Kaysville, UT, are limited to a maximum of $500. This includes any fees associated with the loan such as origination fees, interest, and other charges.
How Long Do I Have To Repay the Loan?
Payday loans must be repaid within 10 weeks. If you are unable to repay the entire loan within the 10-week period, you may choose to extend the loan by paying the interest incurred during the original 10-week period. However, this will likely result in additional charges and fees.
What if I Can’t Repay the Loan?
If you are unable to repay the loan within the 10-week period, you may be able to request an extended repayment plan. Under this plan, you may be able to negotiate a lower interest rate and a longer repayment period. However, if you are unable to generate the funds to repay the loan, you may find yourself facing legal action from the lender.
F.A.Q.
Is there any minimum income requirement for payday loans?
No, there is no minimum income requirement for payday loans. However, most lenders prefer applicants to have a steady source of income in order to be approved.
Can I have more than one payday loan at the same time?
No, Utah state regulations limit borrowers to one payday loan at a time.
Do I need collateral to get a payday loan?
No, payday loans are unsecured, meaning you do not need to provide collateral to qualify.
Apply Now
If you are in need of a payday loan in Kaysville, UT, TheGuaranteedLoans can help you find the perfect lender for your needs. We understand that unexpected expenses can pop up at any time, and we are here to help. Simply fill out our online application and we will quickly connect you with lenders that may be able to provide you with the loan you need. Please note, TheGuaranteedLoans is not a lender.