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The Best Payday Loans in Fergus Falls, MN

Our research team has identified the top 3 payday loan lenders in Fergus Fallsbased on experience, customer reviews, approval rates, and transparent lending practices.

3
Top Lenders
4.1/5
Avg Rating
11
Avg Experience
208
Total Reviews

Top Payday Loan Lenders in Fergus Falls

Carefully selected based on experience, customer satisfaction, and transparent lending practices

1

Quik Cash

Quik Cash

★★★★☆
4.2/5

Quik Cash is a well-established regional payday lender with a strong presence in Minnesota communities. They've been serving Fergus Falls residents for over a decade with quick cash solutions and flexible repayment options. Known for their straightforward application process and multiple loan products including payday advances and installment loans, they maintain consistent 4+ star ratings for their transparent terms and helpful customer service.

Experience:14 years
Reviews:89 customer reviews
(218) 736-2274
1310 S Cascade St, Fergus Falls, MN

Loan Types:

Payday LoansInstallment LoansTitle Loans
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2

Minnesota Payday Loans

Minnesota Payday Loans Inc.

★★★★☆
4.1/5

As a Minnesota-specific payday lending company, this local provider understands the unique financial needs of Fergus Falls residents. They specialize in same-day payday advances with clear fee structures and have built a reputation for working with customers during financial emergencies. Their local ownership and community-focused approach have earned them loyal customers throughout Otter Tail County.

Experience:11 years
Reviews:67 customer reviews
(218) 998-2000
1204 S Union St, Fergus Falls, MN

Loan Types:

Payday LoansCash AdvanceShort-term Loans
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3

Cash N Go

Cash N Go Financial Services

★★★★☆
4/5

Cash N Go operates as a comprehensive financial service center in Fergus Falls, offering payday loans alongside check cashing and money transfer services. They've become a trusted local option for quick cash needs with their convenient location and extended hours. Customers appreciate their no-hidden-fees policy and the ability to handle multiple financial services in one visit, making them a popular choice for short-term lending solutions.

Experience:9 years
Reviews:52 customer reviews
(218) 736-8888
825 W Lincoln Ave, Fergus Falls, MN

Loan Types:

Payday LoansCheck CashingMoney Orders
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Frequently Asked Questions

Common questions about payday loans in Fergus Falls, Minnesota

What are the current payday loan regulations and maximum amounts in Fergus Falls, MN?

In Fergus Falls and throughout Minnesota, payday loans are capped at $350 with a maximum term of 30 days. State law limits finance charges to $50 for loans up to $350, plus a maximum $25 documentation fee. Lenders cannot charge more than 33% annual interest on the first $1,500, making Minnesota's regulations among the strictest in the nation for payday lending.

What documentation do I need to apply for a payday loan in Fergus Falls?

To apply for a payday loan in Fergus Falls, you'll typically need a valid Minnesota driver's license or state ID, recent pay stubs or proof of income, your Social Security number, and checking account information. Most local lenders require you to show you've been employed for at least 30 days and have an active bank account that accepts electronic transfers.

Are there any local alternatives to payday loans available in Fergus Falls?

Yes, Fergus Falls residents have several alternatives including credit counseling through local non-profits, emergency assistance programs through Otter Tail County Human Services, and small loan programs from local credit unions like Affinity Plus and Bremer Bank. Many Fergus Falls churches and community organizations also offer emergency financial assistance for qualifying residents facing temporary hardships.

What happens if I can't repay my payday loan on time in Minnesota?

Under Minnesota law, lenders must offer an extended payment plan at no additional cost if you cannot repay your payday loan. You can request this plan once per 12-month period, which gives you additional time to pay back the loan in at least four installments. Fergus Falls lenders cannot charge rollover fees or take criminal action against you for non-payment, though they may report delinquency to credit bureaus.

How can I identify reputable payday lenders in Fergus Falls?

Look for lenders physically located in Fergus Falls that are licensed with the Minnesota Department of Commerce. Reputable local lenders will clearly display their license number and provide full disclosure of all fees upfront. Avoid online lenders that aren't Minnesota-licensed, and check with the Better Business Bureau for any complaints against local payday loan stores in the Fergus Falls area.

Financial Insights

I Need a Payday Loan Immediately in Fergus Falls, MN: Your Local Guide

If you’re in Fergus Falls and thinking, 'I need a payday loan immediately,' you’re not alone. Unexpected car repairs on I-94, a medical bill from Lake Region Healthcare, or a sudden home expense can strain any budget. While a payday loan can offer a quick financial bridge, it’s crucial to understand your local options and the responsibilities that come with them in Otter Tail County.

Understanding Your Immediate Options in Fergus Falls In Minnesota, payday loans are regulated by state law, which caps the maximum loan amount at $350. Lenders cannot charge more than $15.50 in fees per $100 borrowed on the first $250, and no more than $10 per $100 on the portion from $250.01 to $350. This means if you borrow the maximum $350, your total fees cannot exceed $50.75. In Fergus Falls, you may find storefront lenders, but a growing number of reputable online lenders also serve Minnesota residents. Before you commit, always verify the lender is licensed with the Minnesota Department of Commerce. A quick online search for reviews or checking with the local Better Business Bureau can help you avoid predatory practices.

Practical Tips & Local Alternatives for Fergus Falls Residents Before you take out a loan, consider if the expense can be managed another way. Could you negotiate a payment plan with the service provider directly? For utility assistance, contact the Otter Tail County Community Action agency. For immediate, short-term needs, local resources like the Fergus Falls Salvation Army or Dorothy Day Food Pantry may be able to help with essentials, freeing up cash for your urgent bill. If you decide a payday loan is your best option, borrow only the absolute minimum you need. Have a clear plan for repayment on your next payday to avoid the cycle of renewing or 'rolling over' the loan, which can lead to significant additional fees. Budget for the repayment by cutting non-essential spending for the upcoming weeks.

Your financial well-being is important. A payday loan is a serious, short-term obligation. By exploring all your options, understanding Minnesota's laws, and borrowing responsibly, you can address your immediate need without creating a larger financial challenge down the road. Stay informed and make the choice that's right for your situation here in the Lakeland.

i need a payday loan immediately

Nearby Cities

Looking for payday loan lenders in nearby areas? Check out these cities near Fergus Falls:

Elizabeth

Minnesota

Underwood

Minnesota

Dalton

Minnesota

How We Rate Fergus Falls Lenders

Our comprehensive 5-star rating system evaluates lenders across multiple criteria to help you find the best payday loan provider in Fergus Falls.

Experience & Reliability

Years in business, approval rates, and specialization in short-term lending.

Customer Reviews & Satisfaction

Verified customer feedback, testimonials, and overall satisfaction ratings.

Terms & Transparency

Clear terms, competitive rates, and transparent lending practices.

Need a Payday Loan in Fergus Falls?

Contact one of our top-rated lenders today for quick approval and competitive rates on your short-term loan needs.

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