Iowa Payday Loans

In the state of Iowa payday loans are legal. There are comprehensive but strict legislative arrangements for Iowa payday loans. The state laws limit the amount of payday loans to $500. You generally get these payday loans from financial institutions which are mostly companies. If you are dealing with a reputable company it will not offer you a loan amount for more than this. The law keeps different caps of interest rates on different amounts of Iowa payday loans.

If you borrow an Iowa payday loans amount of $100 you will have to pay 15% of $100 as the rate of interest. If you again borrow $100 you will have to pay 10% of this loan amount. This is something peculiar about this state. If you borrow $100 for a term of 14 days then the fees that will be charged from you are $16.67 and the APR on this will be 433%. You can take this loan for a maximum duration of 31 days.

Iowa Payday Loans: Laws & Regulations

The state of Iowa does not permit rollovers for Iowa payday loans. Rolling over means repeating the loan process and you have to pay the fees again each time you do a rollover without paying on your Iowa payday loans balance. Iowa payday loans law in this way seems to be borrower friendly. The maximum number of outstanding loans you can have in one time is 2. The law is silent on the point of whether or not the lenders can take criminal action against you in the event of default. But the lenders are allowed to charge from you $15 as NSF fees in the event of a missed payment date due for paying back your loan.

iowa payday loans

There are a few other things unique about the state of Iowa. The law requires the payday loan stores to explain to you your rights and duties in English and Spanish. The loan agreement should provide a toll-free number to the office of the superintendent of the Iowa payday loans store, and before signing you must be informed that the phone number is for the handling of complaints. The state allows you to make partial loan payments without paying more interest.

EZ Money Check Cashing

This Iowa payday loans provider offers a wide arrangement of services like Iowa payday loans, signature, cash loans, auto title loans, check cashing bill payment, wire transfer, bill payment etc. They claim them to be safe, convenient and easy way to obtain short term cash in your financial emergency. They ask you for a check from a valid checking account, government-issued photo ID, a payroll check stub (or government benefits statement). All you have to do is fill an easy application and provide them with some information about yourself. Visit their office nearest you. Give them a call at 515-274-5200 or visit their website at www.getezmoney.com.

Mister Money USA

This Iowa payday loans company offers a wide arrangement of services from providing pawn loans for unexpected bills to pay day loans. They are in the service for more than 30 years. This lender takes care of a wide variety of your financial needs and claims itself to be one stop shop for every thing from pawn loans to check cashing. They claim to provide you cash on your personal check. You just have to provide them basic information about you such as a proof of employment, valid ID and personal checking account. They do not provide online cashing services. So if you want to make use of their services visit one of their local branches. Give them a call 515-280-6803 or visit their website www.mistermoney.com.

Check in to Cash Advance Payday Loan Center

This Iowa payday loans lender offers a wide arrangement of financial products and services. This includes wire transfers, paying bills, and loans services from personal to title and auto loans. They are into check cashing also and provide payday loans as well. The procedure to apply for a payday loan is simple. You can either visit their branch office or apply online. They provide you cash in a short span of time in your emergency. You just have to provide them with some very basic information about yourself. Give them a call at 515-255-2443 or visit their website at www.checkintocash.com.

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