Current Payday Lenders in North Dakota – Terms, Rates, Legislation

The list of payday lenders in North Dakota

1. Cash Central
   • Website: https://www.cashcentral.com/
   • Address: 5165 Emerald Parkway, Suite 100, Dublin, OH 43017
   • Service: Online
   • State: Alabama, California, Delaware, Florida, Idaho, Kansas, Minnesota, Mississippi, Missouri, Nevada, North Dakota, South Carolina, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming
2. Check `n Go
   • Website: https://www.checkngo.com/
   • Address: P.O. Box 36124, Cincinnati, OH 45236
   • Service: Online
   • States: Alabama, California, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Mississippi, Missouri, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, Wisconsin, Wyoming
3. Speedy Cash
   • Website: https://www.speedycash.com/
   • Address: P.O. Box #780408 Wichita, KS 67278
   • Service: Online/Offline
   • State: Alabama, Alaska, Arizona, California, Colorado, Delaware, Hawaii, Idaho, Illinois, Kansas, Louisiana, Mississippi, Missouri, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming
4. RISE Credit
   • Website: https://www.risecredit.com/
   • Address: P.O. Box 679900 Dallas, TX 75267-9900
   • Service: Online
   • State: Alabama, California, Delaware, Georgia, Idaho, Illinois, Missouri, New Mexico, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Texas, Utah, Wisconsin
5. Open Cash Advance
   • Website: https://opencashadvance.com/
   • Address: 30 N GOULD ST, STE R, Sheridan, WY 82801
   • Service: Online
   • State: Almost all US states
6. GreenDayOnline
   • Website: https://greendayonline.com/
   • Address: 15727 Anthem Pky San Antonio, Suite No#45 ,TX 78249
   • Service: Online
   • States: Almost all US states
7. Payday Champion
   • Website: https://www.paydaychampion.com/
   • Address: 412 Main St. #420 Houston, TX 77002
   • Service: Online
   • States: All US states
8. WeLoans
   • Website: https://weloans.com/
   • Address: 2020 S.Hacienda Boulevard STE M Hacienda Heights CA 91745, USA
   • Service: Online
   • States: All US states
9. Snappy Payday Loans
   • Website: https://www.snappypaydayloans.com/
   • Address: 398 Dania Beach Blvd #468, Dania Beach, FL 33004
   • Service: Online
   • States: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
10. MoneyLion
    • Website: https://www.moneylion.com/
    • Address: 30 West 21st Street Ninth Floor New York, NY 10010 USA
    • Service: Online
    • State: Almost all US states
11. 1F Cash Advance
    • Website: https://1firstcashadvance.org/
    • Address: 1942 Broadway St., STE 314C, Boulder, CO 80302
    • Service: Online
    • States: California, Colorado, Florida, Illinois, Kansas, Kentucky, Michigan, Missouri, New Jersey, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Wisconsin, Washington
12. COMPACOM
    • Website: https://compacom.com/
    • Address: Unknown
    • Service: Online
    • States: Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming
13. EZ Money
    • Website: https://www.getezmoney.com/
    • Address: 2861 Capehart Rd STE F, Bellevue, NE 68123
    • Service: Online
    • States: Iowa, Kansas, Michigan, Missouri, North Dakota, Utah

Are payday loans legal in North Dakota?

North Dakota makes payday lending legal. North Dakota payday loans have a long history. There were payday loans in ND even before 2001 when the first payday loan regulations were accepted. A payday loan limit is $500. The maximum term is up to 60 days with the maximum finance fees of 20% of the amount issued. The actual APR is equal to 487%. It is allowed to issue rollovers. Criminal actions are banned.

Takeaways:

• Maximum loan amount: $500
• Loan tenure: Maximum 60 days
• Fees and finance charges: 20% + database fees
• Finance charge on a 14-day $100 loan: $20
• APR on 14-day $100 loan: 520%
• Maximum number of outstanding loans at a time: Not Specified
• Rollovers allowed: One
• Cooling-off phase: 72 hours
• Collection fees: $20 NSF fee (only if disclosed)
• Criminal procedures: Banned

Am I eligible for a payday loan in North Dakota?

1. Borrowers must be at least 18 years of age to issue a payday loan;
2. Have a reliable source of income;
3. Borrowers must ensure evidence of their income, such as a pay check or a bank statement;
4. Have a current and active checking account;
5. Borrowers must provide a government-issued ID;
6. A valid phone number and email address;
7. Meet the minimum credit score required by the lender.

Payday loan amounts in North Dakota

Borrowers can take out a max of $500. There is no limit on the minimum amount. Licensed direct payday lenders are not allowed to carry out short-term lending transactions with any client whose value of combined outstanding loans is bigger than $600.

Maximum term for a payday loan in North Dakota

• North Dakota citizen has the right to use the loan for 60 days, and the average limit in other states is 30 days;
• Rollovers are allowed, however, the charged amount cannot be over 20% of the loan;
• A cooling-off period of 3 business days is required before the next subsequent lending product.

Rates, fees and other charges in North Dakota

Lending companies servicing North Dakota residents can withdraw interest rates up to 20% of the loan amount. It implies that borrowers will pay up to $20 on each $100 borrowed.

What is the statute of limitations on a payday loan in North Dakota?

North Dakota payday loans are taken under control by N.D. Cent. Code 13-08-01 et seq. The laws in North Dakota resemble the laws in relation to payday loans in many US states. The law controls both offline and online lenders.

Every borrower who issues a loan in ND should also make a written contract. The contract should include the customer’s name; the rates accured, the date when the loan was transferred, the loan amount, and the APR.

The customer should get the agreement defining all the commissions and fees. All the amounts should be listed in national currency. The borrower has the right to pay the loan back by 5 pm of the day after applying for this loan without extra fees.

Consumer info

Collection charges ($20) may be filed in case the customer closes off their bank account or if a client undergoes a check to make aware of the fact that there is no cash on the account.

It is banned for North Dakota lenders to file charges in court to repay the borrowed funds if a borrower doesn’t pay the loan off in time.

In case of any assistance in relation to payday lending, a man can come in contact with the North Dakota Department of Financial Institutions (DFI).