Privacy & Security HOW IT WORKS RATES & FEES COMPANIES ARTICLES Home » In Your State Indiana Cash Advance Applying for an Indiana cash advance is an easy thing to do. Your only real requirement is to fill out an application, and you'll have access to the funds you need to tide you over until your next paycheck. We can give you money overnight, and you only need to meet a few simple requirements. Applying for a cash advance in Indiana is incredibly easy, mainly because these loans are completely legal in the state. Better yet, you can avoid faxing in any information and still take advantage of some incredibly low interest rates. Laws On Cash Advance Lending In Indiana Before applying for a cash advance in Indiana, you should become familiar with the laws of the state. While these loans are legal in Indiana, they come with some specific regulations attached such as: Cash advance loans have a minimum term of 2 weeks (14 days). The maximum amount allowed is $500 and the minimum is $50. Cash advances are charged on a sliding interest rate scale: 15% on $250, 13% on $250.01-$400, and 10% on loans of $400.01-$500. Companies cannot charge more than $15 on every $100 a person borrows. The APR on a 14-day loan is limited to 390%. In 2001, there were over 500 companies offering cash advances in Indiana. The industry has grown and strengthened since that time, meaning that even more companies are operating today. Experts estimate that the number of companies in the state will continue to grow. Sometimes the unexpected happens, and an unforeseen emergency or event could wipe out your bank account. It happens everywhere, not just in Indiana. A cash advance on your next paycheck could be the answer to your problems and the solution you need to keep yourself going. We believe in giving everyone in the US easy access to excellent services. Visit AdvanceCash.info to get started on your application and see how easy it is! If you're worried that the application process is long and drawn out, don't be because it takes only a few minutes to fill out the application, and you'll know right away if you've been approved. You can avoid borrowing from friends or loved ones and get your hands on the money you need right away. This helps you maintain your dignity because you're taking care of your problems yourself, and not depending on someone else for help. The process is completely secure, and no one needs to know. All you need to do is pay us back when you get your next paycheck and you're done! We are the best in the business in terms of services and support, and after using our company, you'll never want to go anywhere else. Our services are available to all people living in the US. AdvanceCash.info is the first step. Go there to fill out an application and get started on getting out of your small problem. If you need help, we're pleased to offer support. Indiana law prohibits companies from cashing checks without the proper license. Before a company can receive that license, they must meet certain requirements from the Indiana Department of Financial Institutions, as well as the state. The state looks closely at each application to ensure that all the requirements are met. The company is required to meet some specific requirements and to give that information to the Department for approval. First, the company must have a minimum net worth of $100,000. This is verified through financial statements. The Department also requires a background check completed by the State Police Department. They are also required to provide a credit report, three references, and a certificate to work in Indiana. Other requirements include a listing of other states where they operate and the resumes of all managers in the business. The Department will review all applications and periodically review those holding a license. If the license is not renewed as required under law, the state can revoke that license. The state can file civil lawsuits against any business that operates without a license in the state, with fines of $5,000 allowed under law for each and every violation. A cap, or maximum limit, is also attached to the amount of fees a lender is allowed to charge on a cash advance as per Indiana law. This amounts to $5 or 10% of the amount listed on the original check. All cash advance lenders are required to keep records of their loans for a minimum of three years. Unemployment Statistics In Indiana Indiana's unemployment rate was 5.3% in January of 2006. The previous year, unemployment was up by .8%. For the last decade, the unemployment rate has remained between 2.3 and 6.0. In 2006, the state had over 170,000 people who were unemployed. Indiana Cash Advance - Cities Akron Evansville Jeffersonville New Albany Anderson Fort Wayne Kokomo Noblesville Angola Franklin La Porte Plainfield Bloomington Gary Lafayette Portage Carmel Goshen Marion Richmond Clarksville Greenwood Merrillville Schererville Columbus Hammond Michigan City South Bend Crown Point Highland Mishawaka Terre Haute East Chicago Hobart Muncie Valparaiso Elkhart Indianapolis Munster West Lafayette How It Works What is a cash advance? What are the requirements? How do I get cash? How long until I pay back? How much can I get? Will you check my credit? Do I have to fax anything? 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