Minnesota Financial Snapshot

- Nickname: The North Star State
- Population: 5.61 million
- Capital: Saint Paul
- Website: Minnesota.gov
Though Minnesota’s poverty rate is 9.6% and the median income is $70,315 (almost $9,000 more than the U.S. average!), there are still many cash-strapped Minnesotans.
Payday Loans in Minnesota
Payday loans, which are short-term loans aimed at borrowers who need money between paychecks, typically to cover bills, are legal in Minnesota. The agreements commonly require borrowers to pay back the loan, generally, in fewer than 30 days upon receiving their next paycheck.
Consumer Protection in Minnesota
How to Report a Lender in Minnesota
To report bad practices, borrowers may file a complaint with the state’s commerce department here.
The department is reachable by phone at 651-539-1600. The consumer protection email is: consumer.protection@state.mn.us.
Payday Loans in Minnesota Cities
Check out these payday loan guides to the following cities in Minnesota:
Minneapolis/St. Paul | Duluth | Brainerd