Kansas Payday Loans

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Kansas cash advance loans are currently being regulated by the state to ensure fairness among borrowers and lenders. The goal of payday usa is to ensure that everyone concerned understand the different rules that govern the state. For this reason, we provide you with comprehensive information on mandates and the best way to protect yourself against opportunistic lenders.

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Payday Loan Process in Kansas

Borrowing requirements for short-term loans in Kansas is pretty minimal. Following are the regulations every consumer must meet before applying for a loan:

  • 18 years old and above
  • Must be a resident of Kansas
  • Must have proof of employment
  • Must meet minimum salary requirements
  • Must be the owner of a checking or savings account

Most payday lenders do not perform a credit check on their consumers, allowing them to entertain even those with bad credit history. Depending on the lender, even people who are retired or accepting welfare checks may also avail of cash advance loans. Typically, the application to loan acceptance only takes a few days, one week at the most.

Kansas Payday Loan Laws and Regulations

Kansas has authorized payday loans regulated under specific laws to protect both consumer and lenders. Following are the mandates pertaining to cash advance loans:

  • Maximum Loan Amount: $500
  • Loan Term: 7 to 30 days
  • Finance charge for a $100 loan in 14 days: $15
  • APR for $100 loan in 14 days: 390%
  • Maximum finance rate and fees: 15%
  • Number of allowable outstanding loans at a time: Two

Laws regarding rollovers aren’t specified in Kansas and may be left to the agreement of both parties. Specific guidelines for a repayment plan and cooling off period are not available. By browsing through different Kansas payday loan lenders, you should be able to find one offering lower rates to fit your budget.

Kansas Consumer Protection

Any problems, questions or complaints with short term loans should be brought to the attention of the state regulator. In Kansas, this is the Office of the State Bank Commissioner.

  • Address:  700 SW Jackson, Suite 300 Topeka KS 66603
  • Phone: (785) 296-2266
  • Fax: (785) 296-0168
  • Look For: Kevin C. Glendening, Deputy Commissioner for the Division of Consumer and Mortgage Lending
  • Web: http://www.osbckansas.org/
    Email: http://www.osbckansas.org/ConsumerAssistance/form.html

Consumers are strongly advised to read the laws and regulations governing payday loans in Kansas. With the help of regulatory institutions, resolving issues should be quick and easily done. Aside from phone and fax, you can also contact regulators through their official website.

Kansas Payday Loan Alternatives

If you’re not too sure about getting Kansas payday loans, there are always other options. Your employer might be agreeable to a cash advance on your month’s salary and forego interest rates. If no other options are possible, using your credit card or borrowing directly from the bank can offer lower rates at a more leisurely payment term. Selling some items or pawning them off can also help avoid huge interest rates while getting the cash you need.

Payday Loans cities in Kansas:
Alden Almena Americus
Andale Andover Arkansas City
Atchison Augusta Baldwin City
Barnard Baxter Springs Beloit
Bennington Beverly Bison
Bonner Springs Bucklin Burlington
Burr Oak Burrton Caldwell
Caney Cedar Vale Centerville
Chanute Clay Center Coffeyville
Coldwater Columbus Derby
Dodge City Durham El Dorado
Elkhart Emporia Formoso
Fort Scott Fowler Galena
Garden City Gardner Glasco
Goddard Great Bend Greensburg
Gypsum Halstead Harper
Hays Herington Hesston
Hill City Hillsboro Hugoton
Hutchinson Independence Iola
Junction City Kansas City Lansing
Larned Lawrence Leavenworth
Leawood Lenexa Leoti
Liberal Lincoln Lindsborg
Louisburg Macksville Manhattan
Mankato Marion McConnell Afb
Mcpherson Mission Mount Hope
Newton Norton Olathe
Osage City Overland Park Paola
Parsons Pittsburg Prairie Village
Rolla Saint John Salina
Satanta Sedgwick Seneca
Shawnee Shawnee Mission Smith Center
Stark Sterling Sublette
Tescott Tipton Topeka
Viola Wa Keeney Wamego
Wellington White City Whitewater
Wichita Winfield  

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