Payday loan Indiana laws regulate many aspects of the industry, including the minimum and maximum loan amounts, as well as minimum terms of the lending.
In Indiana, cash advance or payday loans are a form of short-term
financing, for small dollar amounts, typically taken to cover borrowers
unexpected expenses until next payday from regular employment.
Central requirements to getting a cash advance loan usually include a steady job and an active checking account, but credit checks are often not part of the loan application processing.
That is why payday loans are normally also available to people with bad credit and regular employment.
However, because these loans carry very high annual percentage rates (APRs) of interest, they are NOT suitable as long-term solutions to money problems.
Even in the short-term you should look into the viability of payday loan alternatives in Indiana, including negotiating a salary advance from your employer, taking a small consumer loan from a bank or a credit union, or using a cash advance from a credit card.
Another thing to consider researching are the payday loan laws in Indiana, which regulate many aspects of the cash advance industry, and knowing these laws will help you fully understand your rights as a consumer of financial products.
One of the more popular nationwide franchises also operating in Indiana is Check 'n Go, with 35 stores statewide.
According to their official website, the requirements to applying for a cash advance or payday loan in Indiana include a verifiable source of income, an active checking account, proof of social security number, and a working phone.
The company has been operating in Indiana since 1996, and the cities where they are present range from Evansville, Hammond, Fort Wayne, Indianapolis, to Gary and South Bend.
Their in-store services also include Axcess prepaid debit cards, another optional tool in managing day-to-day personal finances.
Check 'n Go features include an online payday loan store, which is available to residents to Indiana. Applying for a payday loan is one of the fastest ways to get a cash advance from the company.
Cash advances should be used for short-term financial needs only, not as a long-term financial solution.
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