For many families throughout the state of Iowa and across the country, living paycheck to paycheck is not an option. Even the smallest unexpected emergency can be financially devastating. It’s for this reason that many Iowa residents looking for a short term solution to a financial problem turn to cash advances and other forms of payday loans to help them out until their next paycheck arrives.

A cash advance is a relatively small (usually under $1,000), single payment, short-term loan that is usually due to the lender on your next payday.

Apply for an Iowa Quick Cash Advance NOW >>

Let’s say that your car breaks down and it’s going to cost $500 to fix, but you don’t have the cash at this very moment. Next Friday is when you would have the cash for the necessary repairs, for that is when you receive your next paycheck. As a resident of Iowa, you can easily get a cash advance without a credit check or other hassle. All you need is a job and the paycheck to go along with it. Some lenders may require you to have direct deposit with your employer in order to maintain their speedy process.

Iowa has created some laws to regulate the payday loan industry, benefiting both the lender and consumer:

Maximum time frame is 31 days.
Applicable fees cannot exceed 15% of the first $100 ($15) and 10% of the remaining balance ($10 for each $100).
Rollovers are not allowed (paying the balance of one cash advance with another).
A consumer may have two cash advances out at a time, but balances cannot exceed $500 with one lender.

Apply for an Iowa Quick Cash Advance NOW >>

* Cash-Advance-USA.org provides information and research on cash advances/payday loans. We are not a payday lender or broker, nor are we necessarily affiliated with the companies profiled on this site. Not all products and services are available in each state.