Marion is the 13th largest city in Iowa, which is situated in Linn County, Iowa, USA. It has covered around 46.23 km² of area, in the state. It’s the hub of opportunities for those who want to do business and famous for recreational & cultural activities. The current population of the city is around 41,213 among whom 7.2% live under the poverty line.
Only a 1.3% increase has been seen in the vocational growth rate in this last year and is estimated to be 30.9% after ten years. It’s hard for a few residents to fulfill their basic daily needs, then think about how they tackle financial emergencies.
To help such people, who don’t have a good credit score and need quick cash, there’s an option of a payday loan in the city. It’s just like an advance of your income that you have to pay back once you get your next salary. In Marion, there’s no fixed minimum term but the upper limit is 31 days. Loan amount is set to $500, which means you can’t borrow above that. Apart from this, APR can reach to 337% on average because there’s no specified deadline for interest rates in the laws. But financial charges are capped to $15.