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Minnesota Payday Loans

2019 Minnesota Lender Rankings

We have reviewed 7 Minnesota payday loan lenders.

Our review of payday loans considers three areas: reputation, cost, and features. Reputation considers state licensing and Better Business Bureau scores. Cost is based on terms, fees, and rates. Features include things like credit reporting or fee transparency.

A listing in this table is not an endorsement. This table includes all lenders we have reviewed who offer loans to Minnesota residents.

Filter lenders by state:
MN Lender Description Sniff Rating
Ace Cash Express
  • Large online established lender. A+ BBB Score.
  • Multiple loan options. Physical store fronts too.
  • Governing Law: TX
Cash Central
  • Discounts for repeat customers. Live chat.
  • B BBB rating. All credit types.
  • Governing Law: State Lic.
Tremont Lending
  • Appears to be basic tribal based lender.
  • Site updated with pricing. States not listed.
  • Governing Law: Tribe
  • One of the simplest applications.
  • No BBB Rating, Based in Costa Rica.
  • Governing Law: Costa Rica
East Side Lenders
  • Offer loans in all states.
  • C- BBB rating. Dispute settled through arbitration.
  • Governing Law: DE
  • F BBB Rating and strong warning.
  • The Payday Hound suggests avoiding this one.
  • Governing Law: Tribe
Cash in a Wink
  • Settled in 2012 with California for excessive fees.
  • Bare website. They do list their fees.
  • Governing Law: Not clear.

* Based on our analysis these lenders offer loans to Minnesota residents. We aim to keep our information accurate but check each lender's website for up-to-date information.

Minnesota Payday Loans Details

Minnesota residents can choose from Minnesota licensed, out-of-state licensed, tribal-based and foreign-based lenders for their payday loans.

The Payday Hound strongly prefers licensed payday lenders as the Minnesota Department of Commerce evaluates, regulates, and monitors the payday loans made by these lenders. See Minnesota Payday Loan Laws for more details on Minnesota laws and regulations or Payday Loans for more general information.

Unlicensed payday lenders include tribe-based lenders, lenders licensed in other states, and foreign-based lenders. Tribal and out-of-state licensed payday lenders operate under the interpretation that they can export their tribe or state laws into Minnesota and are required to adhere to federal lending laws but not Minnesota regulations. Federal laws may be less restrictive and less frequently enforced. The final group of lenders is foreign-based payday loan lenders. They export their countries' laws into Minnesota and are highly unregulated. See How to Choose A Payday Loan for more details.

The above is our understanding of how payday lending works in Minnesota, but we are not a law firm. Please contact the Minnesota Department of Commerce for more information.

The Payday Hound reviews payday lenders and ranks them according to our Sniff Test (reputation), costs, and licensing. The list below includes both regulated banks as well as off-shore entites. Being included on our list is not an endorsement or certification. The list is a ranking and is designed to help borrowers rate and judge the quality of lenders. This means it may include lenders we believe to be honest as well as those we would deem to be predatory.