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The Best Payday Loans in Hackensack, MN

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

3
Top Lenders
4.2/5
Avg Rating
14
Avg Experience
277
Total Reviews

Top Payday Loan Lenders in Hackensack

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

1

Payday Loan Store

Payday Loan Store

★★★★☆
4.2/5

Payday Loan Store is a well-established regional lender serving the Hackensack area from their nearby Walker location. With over a decade of experience, they specialize in providing fast payday loans and cash advances to Minnesota residents. They are known for their straightforward application process and transparent fee structure, with many customers praising their professional service and quick funding options for emergency financial needs.

Experience:14 years
Reviews:89 customer reviews
(218) 675-5000
401 Minnesota Ave, Walker, MN

Loan Types:

Payday LoansCash AdvanceInstallment Loans
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2

Minnesota Cash Advance

Minnesota Cash Advance

★★★★☆
4.1/5

Minnesota Cash Advance operates as a trusted local payday lender serving the Hackensack community from their Bemidji location. They focus exclusively on Minnesota residents and have built a strong reputation for reliable short-term lending solutions. Customers appreciate their local understanding of financial needs, flexible repayment options, and commitment to responsible lending practices within state regulations.

Experience:11 years
Reviews:76 customer reviews
(218) 829-0355
503 Paul Bunyan Dr NW, Bemidji, MN

Loan Types:

Payday LoansShort-term LoansCash Advances
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3

Northland Cash Advance

Northland Cash Advance

★★★★☆
4.3/5

Northland Cash Advance has been serving northern Minnesota communities including Hackensack for over 15 years. They offer comprehensive payday loan services with multiple funding options and have earned high marks for customer satisfaction. Their experienced staff provides personalized service and financial guidance, making them a preferred choice for residents needing short-term financial assistance in the region.

Experience:16 years
Reviews:112 customer reviews
(218) 326-3424
1205 Highway 2 West, Grand Rapids, MN

Loan Types:

Payday LoansCash AdvanceTitle Loans
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Frequently Asked Questions

Common questions about payday loans in Hackensack, Minnesota

What are the eligibility requirements for a payday loan in Hackensack, MN?

To qualify for a payday loan in Hackensack, you must be at least 18 years old, have a valid Minnesota driver's license or state ID, provide proof of steady income (like recent pay stubs), and have an active checking account. Most lenders in Minnesota require a minimum monthly income, typically around $800-$1,000, and will verify your employment and residency. While credit checks are minimal, lenders will confirm you don't have any outstanding payday loans in Minnesota.

What are the maximum fees and interest rates for payday loans in Hackensack?

Minnesota state law regulates payday loan costs, capping the maximum fee at $10 per $100 borrowed for loans up to $350. For example, a $300 loan would have a maximum fee of $30. The annual percentage rate (APR) in Hackensack typically ranges from 200% to 300%, which is significantly higher than traditional loans but regulated by state law to prevent excessive charges.

How do I find reputable payday lenders in Hackensack, MN?

Look for lenders licensed by the Minnesota Department of Commerce, which regulates all payday lenders in the state. You can verify a lender's license status on the department's website. In Hackensack, consider checking local storefronts with clear fee disclosures and positive customer reviews, or explore online lenders that specifically serve Minnesota residents and comply with state regulations.

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

Minnesota law requires lenders to offer an extended payment plan at no additional cost if you cannot repay your loan by the due date. You must request this plan before your payment is late. The lender must provide at least four equal payments over the next 90 days. Contact your Hackensack lender immediately if you anticipate repayment issues to avoid additional fees and collection actions.

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

When applying for a payday loan in Hackensack, you'll typically need your Minnesota driver's license or state ID, recent pay stubs or proof of income (such as bank statements or benefit letters), your Social Security number, and a blank check or bank account information from an active checking account. Some lenders may also require proof of residency, like a utility bill with your Hackensack address.

Financial Insights

Finding the Best Payday Loans in Hackensack, MN: A Local's Guide to Short-Term Cash

When an unexpected expense pops up in Hackensack, MN, whether it's a car repair on County Road 1 or a medical bill, finding quick cash can be stressful. For many local residents, payday loans can offer a temporary financial bridge. However, navigating your options to find the best payday loans requires careful consideration of both state regulations and your personal situation. This guide is tailored to help you make an informed decision right here in Hubbard County.

Minnesota has specific laws governing payday lending, which directly impact what's available in Hackensack. State law caps the maximum loan amount at $350. Lenders can charge a maximum fee of $25.50 on a $100 loan for a term up to 30 days, which translates to an annual percentage rate (APR) of over 100%. It's crucial to understand that the "best" loan is often the one with the lowest total fee you can qualify for. Always compare the finance charges between lenders. While you might find storefront lenders, many residents now also consider reputable online lenders that are licensed to operate in Minnesota, as they can offer convenience without a trip to a larger city.

Before applying for any loan, explore local alternatives. Consider a small personal loan from a Hackensack-area credit union, or discuss a payment plan with the service provider. If you decide a payday loan is your only option, borrow the absolute minimum you need. Since the fee is the same on amounts up to $100, borrowing $350 costs significantly more than borrowing $150. Have a solid plan for repayment on your next payday to avoid the dangerous cycle of renewal or "rollover," which is restricted but can still lead to accumulating fees. Use the loan strictly for its intended purpose: a short-term cash flow issue.

Finding the best payday loan in Hackensack means being a savvy borrower. Read every line of the agreement, confirm the lender is licensed with the Minnesota Department of Commerce, and never hesitate to ask questions. Your financial well-being in our tight-knit community depends on making choices with clear eyes. By understanding the costs, exploring all options, and borrowing responsibly, you can navigate a financial pinch and get back to enjoying the peace of our lakes and pines.

best payday loans

Nearby Cities

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

Backus

Minnesota

Ah Gwah Ching

Minnesota

Akeley

Minnesota

How We Rate Hackensack Lenders

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

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 Hackensack?

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

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