Current Payday Lenders in Nebraska – Terms, Rates, Legislation

The list of payday lenders in Nebraska

1. Open Cash Advance
   • Website: https://opencashadvance.com/
   • Address: 30 N GOULD ST, STE R, Sheridan, WY 82801
   • Service: Online
   • State: Almost all US states
2. MaybeLoan
   • Website: https://maybeloan.com/
   • Address: Unknown
   • Service: Online
   • States: Almost all US states
3. 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, Nebraska, New Mexico, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Texas, Utah, Wisconsin
4. Payday Champion
   • Website: https://www.paydaychampion.com/
   • Address: 412 Main St. #420 Houston, TX 77002
   • Service: Online
   • States: All US states
5. Check Into Cash
   • Website: https://checkintocash.com/
   • Address: 201 Keith Street, Suite 5 Cleveland
   • Service: Online/Offline
   • State: Alabama, Alaska, California, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Mississippi, Missouri, Nebraska, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming
6. Cash Depot Omaha
   • Website: https://www.cashdepotomaha.com/
   • Address: 1125 E Broadway, #545 Glendale, CA 91205
   • Service: Online
   • State: Almost all US states
7. GreenDayOnline
   • Website: https://greendayonline.com/
   • Address: 15727 Anthem Pky San Antonio, Suite No#45 ,TX 78249
   • Service: Online
   • States: Almost all US states
8. 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
9. 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
10. 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

Are payday loans legal in Nebraska?

Payday loans are considered legal in Nebraska. Nebraska has set a $500 limit on payday loans. 34 days is the max loan term. The finance charges should not be over $1,38 per $100. APR equals to 36%. It is not allowed to issue a rollover. It is banned to take any criminal actions against borrowers.

Takeaways:

• Legal Status: Legal
• Interest Rate (APR): 36%
• Minimum Amount: Not Specified
• Maximum Amount: $500
• Minimum Term: Not Specified
• Maximum Term: 34 days
• Number of Rollovers: 0
• Statute of Limitations: 5 years (from the last payment)
• Database Loan Tracking: No

Am I eligible for a payday loan in Nebraska?

• At least 18 years of age or older;
• You should be a Nebraska resident;
• A steady source of income and make at least 1000 dollars monthly;
• A phone number and an email address to get instant approval.

The lender needs a person’s name, email address, SSN. Lenders need a few personal details. Borrowers need to define how much cash advance they want to lend.

Payday loan amounts in Nebraska

Nebraska sets a loan anount equal to $500 taken out by one lender.

Maximum term for a payday loan in Nebraska

• According to the Nebraska laws, payday loans are allowed to be used for a term of no more than 30 days;
• Such cash advance cannot be renewed, refinanced or consolidated. When the term is over, a loan should be repaid in full;
• Any borrower is allowed to revoke a payday loan transaction, so long as the cancellation is enacted before 5 p.m. of the business day.

Rates, fees and other charges in Nebraska

No certified lending service may impose an APR greater than 36% as it is directly relevant to a delayed payday loan. All the regulations and limitations belonging to payday loans are reported in the Nebraska Stat. Ann. § 45-901, or the Delayed Deposit Services Licensing Act.

The Nebraska law requires that lending companies should obtain a license in order to provide their services. Moreover, to start a lending business, a $50,000 bond is required, it is necessary to get $25,000 more for each location that a lender is supposed to open. Nebraska license for payday lenders costs $500 and every extra store – $125. All the lenders must renew their licenses annually.

An agreement should be signed for every single payday lending transaction with all the information about the terms and fees.

Consumer info

July 2020 figured out that lenders are not required to check a client’s capability to pay a loan back. Evaluate your financial state, don’t get into a debt trap.

Any criminal actions against late installments are banned.

More information about payday loans in Nebraska can be found on the official website of the Nebraska Department of Banking & Finance.