South Ottumwa Savings Bank Payday Loans Review - Ottumwa, Iowa

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3.3 6 reviews

Organization owner?

320 Church St, Ottumwa, IA 52501, USA

+1 (641) 682-7541

www.sosb-ia.com

Friday

8AM–5:30PM

Saturday

8AM–12PM

Sunday

Closed

Monday

8AM–5:30PM

Tuesday

8AM–5:30PM

Wednesday

8AM–5:30PM

Thursday

8AM–5:30PM

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Above there are details about a exact lender. Below every user may get acquainted with the essence of payday loans.

Payday Loans in Ottumwa, Iowa

Payday loans are a kind of loans issued by payday lending company to people for a short period of time - usually 2 to 3 weeks. It is issued a small amount: $100-$1,000.

It is simple and fast to issue payday loans in Ottumwa, Iowa. The rates are set on an individual basis: if a borrower repays as much payday loans as possible, he will be offered one of the most efficinet terms and rates.

APR

337% *

Max Loan

$500

Min Term

Not Specified

Max Term

31 days

How will South Ottumwa Savings Bank help issue a loan in Ottumwa, Iowa?

24/7 operation. Such Internet services allow you to receive funds at any time. Money are issued around the clock. The deposit will be sent to a account, so a personal visit to the store is not necessary.
No paperwork. The list of required documents is minimal. In most cases, an ID is needed. You do not need to send a certificate of income.
Online application. The application is filled in and processed much faster than in banks. Money is credited within 24 hours after receiving approval.
High approval rate. When it comes to small amounts, a positive answer comes up 98%.
Availability. Banks offer more stringent requirements on their customers. Age restrictions and bad credit will become barriers to issuing a loan. Payday lenders are more loyal to borrowers. The presence of minor delays and a low score does not guarantee rejection.

Fill out an application

What data to fill out in the application? - General Info

To submit an application, every borrower should fill out the following data:

Your loan:

Loan Amount, Loan Purpose, Email Address

About You:

First Name, Last Name, Date Of Birth, Primary Phone Number, Driver's License Number, Your SSN

Your Address:

Zip Code, Street Address

Your Income:

How often do you get paid?, Next Paydate, Type of Account, How do you get paid?

Your Employment:

Your Income Source, Are you in the military?, Your Employer Name, Your Monthly Net Income, Your Employer Phone Number

Your Credit:

If you have $10,000+ in unsecured debt and would like one of our partners to contact you?, What`s your approximate credit rating?

Finally:

Select your Bank, Select your Bank’s State, ABA/Routing Number, Account Number

Submit an application to recieve terms and rates for an offer from one of lending companies.

Reasons

Why people take out payday loans?

Utility Bills

11%

Healthcare Bills

12%

Traveling

Car Repair

Clothes

Get Started

Bad Credit Approved

Payday loans for bad credit

If you are declined a loan at bank, the reason may be a bad credit history. This is a factor taken into account when deciding to take out a cash advance. Microfinance organizations do not consider this factor the only one to take out a loan in Ottumwa, Iowa. The company will assess many points to qualify such as solvency. Cash advance will be a source to improve your bad credit score into a favorable one.

The following common points will be rated before applying for a payday loan:

be at least 18 years old;
be a U.S. citizen;
be employed and have a reliable source of income;
have a checking account;
have a valid email address and phone number.

~ Credit score ~

Rate Your Credit Score

Low

300 – 579 points

No way to issue a loan
No ability to rent a room

Average

670 – 739 points

80% of loan approval
Apply for all loan types

Perfect

740 – 799 points

95% of loan approval
Apply for all loans incl. mortgage

Rate your APR

APR Calculator

Loan Amount $: *

Loan Term (Days): *

APR value %: *

Origination Fee $: *

$1000 Your loan

+ $38 Your fee

= $1,038 Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

The calculator defines the cost of the loan known as annual percentage rate.

Let's see