Nebraska Payday Loans

Nebraska has strict payday lending laws in order to inform consumers of their rights and what it means to take out a cash advance. There are several regulations in place that specifically address payday loans in Nebraska. The first is that borrowers cannot receive more than $500 in payday loans at one time, and from no more than two different lenders. Cash advance companies, like companies in Lincoln, are required to be forthcoming regarding the costs associated with payday loans. These businesses must post their state license in an obvious place, along with a list of charges, late fees and other costs associated with payday loans. The written contract between the borrower and lender must also state clearly the date that the borrower's check will be deposited.

Maximum Principal

Borrowers can take out up to $500 in cash advance funds from up to two lenders.

Length of Loan

Loan terms are set at 31 days.

Rollovers

There are no rollovers or extensions allowed.

Fees

The cost of the loan cannot amount to more than $15 for each $100. The law in Nebraska does allow payday lenders to charge a one-time late fee of $15.

APR

The interest rate for a two-week loan of $100 is 459 percent.

Red D Cash
5020 South 108th Street
Omaha, NE 68137
Red D Cash
2910 South 108th Street
Omaha, NE 68144
Cash Depot Inc
3133 North 108th Street
Omaha, NE 68164
Red D Cash West
14626 West Center Road
Omaha, NE 68144
Paycheck Advance
13255 West Center Road
Omaha, NE 68144
Paycheck Advance
7418 North 30th Street
Omaha, NE 68112
Paycheck Advance
3116 South 24th Street
Omaha, NE 68108
Paycheck
2666 North 72nd Street
Omaha, NE 68134
EZ Money Check Cashing
4723 South 96th Street
Omaha, NE 68127
E Z Money Check Cashing
1505 Galvin Road South
Omaha, NE 68102

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Nebraska Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter
2012$5614114%55%15%16%39%61%
2011$5873816%45%20%19%31%69%
2010$5904012%43%26%18%35%65%