North Dakota

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Payday Loans in North Dakota

At a Glance
North Dakota
  • Nickname: The Peace Garden State
  • Population: 760,077
  • Capital: Bismarck
  • Website:

In terms of population, North Dakota is one of the smallest states in the country, with just 760,077 people who called it home in 2018. In 2017, about 10.3% of the population (about 75,279 people) fell below the federal poverty line ($24,860 for a family of four in 2017). That is better than the national poverty rate of 11.8% and is the 9th lowest in the country.

The median household income in North Dakota is $63,837, which is slightly higher than the nationwide average of $61,937. With a relatively low cost of living, that money could go a long way.

Average Credit Card Debt and Median Household Income in North Dakota vs. the U.S.
North Dakota
Average Credit Card Debt (Q1 2019)
Median Household Income (2018)
Payday Loan Statistics for Borrowers in North Dakota vs. Nationally
North Dakota
Average Loan Amount
Percentage of North Dakota Payday Loan Borrowers Defaulting Over Time
  • 6 months since taking out first loan:33% default rate
  • 12 months since taking out first loan:39% default rate
  • 18 months since taking out first loan:44% default rate
  • 24 months since taking out first loan:46% default rate

Consumer Protection in North Dakota

How to Report a Lender in North Dakota

If you haven’t taken out a payday loan, this page is a great reminder as to why you should never do that. However, if you already find yourself in this situation, you should file a complaint with the North Dakota Department of Financial Institutions (DFI), which regulates deferred presentment service providers (you can find the form here).

There are some important points to remember before submitting a complaint:

  • The DFI cannot become involved in complaints that are being or have been litigated. They are regulators, not lawyers.
  • The consumer complaint form asks that you “describe events in the order in which they occurred, including any names, telephone numbers, and a full description of the problem with the amount(s) and date(s) of any transaction(s). You should also include any response from the financial institution or company.” (Translation: Document absolutely EVERYTHING)
  • While North Dakota doesn’t require it, being able to show that you made attempts to reconcile the situation always helps.
  • Again, documenting every little thing is important, as your lender will probably use every little thing they can against you!

North Dakota Department of Financial Institutions
2000 Schafer Street, Suite G
Bismarck, ND 58501-1204

  • Phone: (701) 328-9933
  • Fax: (701) 328-0290
  • Email:

While the DFI can do a lot for you, they make one point very clear on their website:

“It is important to note that the Department of Financial Institutions is a regulatory agency and not a consumer protection agency. Based upon the foregoing, the Department may not have the authority to pursue the types of remedies that would provide a direct benefit to the consumer.”

In light of this, North Dakotans have a couple other options if further remedies are needed. At the state level, there is the Attorney General’s office, which does handle certain consumer complaints. You can start by calling 1-800-472-2600, the Consumer Protection line, where you will be screened to see if your case is applicable to the AG’s office.

If the state level fails you, file a complaint with the Consumer Financial Protection Bureau (CFPB) by calling (855) 411-2372 or by using their website. Additionally, you can file a complaint with the Better Business Bureau. They handled 1,389 complaints related to payday lenders in 2016 and were able to settle 51% of them.

Guides to Payday Loans in North Dakota Cities

Check back soon for these payday loan guides to the following cities in North Dakota:

Bismarck | Grand Forks | Fargo