What are Cedar Rapids, IA Payday Loans?
A payday loan is designed to help borrowers cover short-term emergency needs by offering fast cash secured by their next paycheck. It’s usully used as the small-dollar cash advance to cover unexpected expenses.
The Cedar Rapids, Iowa Payday Loan is usually due after 14 – 30 days since being deposited into the borrower’s account. After you get the next pay check, the cost of the loan including interest and fees is withdrawn from your checking account automatically.
Payday loans in Cedar Rapids, IA are often used by consumers to consolidate debt, to pay off bills, repair a car or redecorate a house, etc. Start with online application or look for loan store locations near you.
How do Payday Loans online work in Cedar Rapids, IA?
Cedar Rapids, IA payday loans are a quick, safe and convenient way to cover emergency expenses. Like all other short-term cash advances in Iowa Payday Loans are regulated by the state’s laws. It’s highly recommended to study them in detail before submitting a loan request.
As soon as you’ve decided to apply for the necessary amount there are simple steps to go:
- Fill out an application form online or in any store in Cedar Rapids, IA;
- Get matched with a suitable direct lender;
- Receive the money same day in a loan shop or within 1 – 2 days after being approved online.
What are the benefits of Cedar Rapids, IA Payday Loans online?
Payday Loans are a perfect option for Cedar Rapids residents in the following situations:
- You’ve been rejected by banks and credit unions for your bad credit or bankruptcy or any other reason.
- You like 70% of Americans lack money to pay for everyday bills, utilities, rent, or
- You have numerous debts which must be repaid urgently or they may lead to enormous rates. Use a loan to consolidate these credits into one.
- You feel ashamed or embarrassed to ask your relatives and friends for help.
- You have a not very good credit history and don’t want to affect it by numerous loan requests. No credit check Payday Loans are perfect for you.
Choosing an online Payday Loan to overcome any of the mentioned above situations you get:
- Instant financing
- 24/7 online service
- Cash advance for bad credit
- No hard credit check loans
- Convenient online application
- Reputable direct lenders with no intermediaries
- What are Cedar Rapids, IA Payday loans eligibility criteria?
To be approved for a short-term cash advance a borrower needs to:
- Be over 18 years old;
- Be a resident of Iowa;
- Have an active banking account;
- Provide a proof of income.
The eligibility criteria may vary according to the lender but all in all they are pretty much the same and don’t usually include any minimal credit score or income requirements.
How much do Payday Loans cost in Cedar Rapids, Iowa?
The cost of Payday Loan as well as any other cash advance in Cedar Rapids consists of the principal, the annual percentage rate, or APR and some additional financial charges. The APR varies from 300% to 1200% but on average it’s 400%. It depends on the loan amount, your credit score, the state’s limit, the lender, etc. Besides, you may be charged additional fees such as:
- Verification or loan processing fee.
- Acquisition charges.
- NSF fee, etc.
Cedar Rapids Payday Loans are called short-term as they must be repaid till your next paycheck, usually within a month. Lenders usually allow to prepay earlier without any additional fees. In case you can’t pay the money back on time, you may apply for a rollover, extension or repayment plan.
Find out these details with the lender before you submit the loan request.
Can Iowa borrowers get a Payday Loan with bad credit?
If you are looking for a Payday Loan online in Cedar Rapids, Iowa and you have a bad credit score, you’d better start with online application. You’ll have more chance to find a lender providing such cash advance.
Most of them will approve you for the necessary funds no matter what your credit rating is. They may charge higher interest to make up for the risk. But on the whole bad credit cash advance doesn’t differ from traditional loans.
You apply online and the funds will be in your account within 1 – 2 days, or even same day regardless of the figures on your credit report.
NO credit check Payday Loans in Cedar Rapids, IA?
If you used to have some previous debts, or bankruptcies which affected your credit history and your score is not so good as you wish, you may apply for a Payday Loan with no credit check. In Cedar Rapids there are lenders providing quick funds with no hard inquiry to the major credit bureaus. They determine your creditworthiness paying attention to your income rather than credit history. But you should be careful and make sure you can afford the loan before applying for it.
Warning about Cedar Rapids, IA Payday Loans
We can’t but agree that Payday Loans in Cedar Rapids, Iowa are one of the easiest and fastest ways to receive urgent financing. But you may come across some pitfalls on the way too quick money:
- Additional fees;
- Scams;
- Default penalties;
- Collecting practices;
- Third parties selling your information, etc.
Make sure you borrow from a legal Cedar Rapids lender and read the agreement carefully to be on the safe side.
Cedar Rapids, IA alternatives to Payday Loans online
If for some reason you want to avoid a short-term Payday Loan, you can choose among the other cash advances available in Cedar Rapids:
- Installment Loans up to $5000 for several months;
- $5000 – $35000 Personal Loans repaid in 6 months – 7 years;
- Secured Car Title Loans;
- Various Government Assistance programs;
- Bank loans, etc.
Start your Payday Loan application online or find cash advance locations in Cedar Rapids, IA on the map
-
Advance America
-
3653 1st Ave SE
(319) 362-3380
-
3135 Wiley Blvd SW Ste 107
(319) 390-5800
-
3653 1st Ave SE
-
Chec King Payday Advance
-
600 Blairs Ferry Rd. NE Ste D ,
(319) 378-0500
-
600 Blairs Ferry Rd. NE Ste D ,
-
Check Into Cash
-
1100 Blairs Ferry Rd NE Ste 114
(319) 236-3760
-
5442 Blairs Forest Way NE
(319) 294-1514
-
1100 Blairs Ferry Rd NE Ste 114
-
EZ Money Check Cashing
-
323 Edgewood Road Northwest
(319) 396-3520
-
266 Blairs Ferry Rd NE Ste 300
(319) 363-2200
-
323 Edgewood Road Northwest
-
Ezmoney
-
307 2nd St SE
(319) 363-2200
-
307 2nd St SE
-
Hometown Cash Advance
-
219 Edgewood Rd NW
(319) 390-5300
-
219 Edgewood Rd NW
-
Instant Cash Loans
-
155 Collins Rd NE
(319) 294-4184
-
155 Collins Rd NE
-
Money Station
-
1508 1st Ave NE
(319) 861-3500
-
1508 1st Ave NE
Check Payday Loan rates and terms in the other cities of Iowa
- Des Moines
- Davenport
- Sioux City
- Iowa City
- Waterloo
- Ames
- West Des Moines
- Council Bluffs
- Ankeny
- Dubuque
- Urbandale
- Cedar Falls
- Marion
- Bettendorf
- Mason City
- Marshalltown
- Clinton
- Burlington
- Ottumwa
- Fort Dodge
- Muscatine
- Johnston
- Coralville
- Waukee
- North Liberty
- Altoona
- Clive
- Indianola
- Newton
- Boone
- Grimes
- Oskaloosa
- Spencer
- Storm Lake
- Fort Madison
- Norwalk
- Keokuk
- Pella
- Fairfield
- Waverly
- Carroll
- Le Mars
- Pleasant Hill
- Grinnell
- Mount Pleasant
- Denison
- Decorah
- Creston
- Perry
- Webster City
Payday Loan Calculator
$500 Your loan + $79 Your fee = $579 Total Cost*
* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.
