Payday Loans Iowa
Iowa State – Payday Loans Information
Payday loans Iowa are made by payday loan stores, check cashers, and pawn shops. Some rent-to-own companies also make payday loans. Loans are also marketed via toll-free telephone numbers and over the Internet. All a consumer needs to get a payday loan is an open bank account in relatively good standing, a steady source of income, and identification. Lenders do not conduct a full credit check or ask questions to determine if a borrower can afford to repay the loan.
Legal Status: Legal
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100 on face amount of check; $10 per $100 thereafter
Finance Charge for 14-day $100 loan: $16.67
APR for 14-day $100 loan: 433%
Maximum Number of Outstanding Loans at One Time: Two, $500 total debt
Cooling-off Period: N/A
Repayment Plan: N/A
Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified
Call for Cash: +1 (855) 462-5019
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