South Dakota

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Payday Loans in South Dakota

At a Glance
South Dakota
  • Nickname: The Mount Rushmore State
  • Population: 884,659
  • Capital: Pierre
  • Website: www.sd.gov

South Dakota has a total population of nearly 885,000. Of the people who call South Dakota home, 13.1% live below the poverty line and the average median household income is $56,274. In South Dakota, just 3% of people are unemployed.

Average Credit Card Debt and Median Household Income in South Dakota vs. the U.S.
South Dakota
US
Average Credit Card Debt (Q2 2019)
Median Household Income (2018)

Payday Loans in South Dakota

Payday loans are short-term cash loans that can be taken out in exchange for a check, dated on the borrower’s next payday. The check is made out for the amount of the loan, plus the lender’s finance charge. If the borrower doesn’t pay back the loan before the loan terms are up, the lender has the right to cash that check.

Payday Loan Statistics for Borrowers in South Dakota vs. Nationally
South Dakota
US
$350
$392
Average Loan Amount

Consumer Protection in South Dakota

To report a South Dakota lender, consumers may contact the South Dakota Division of Banking.

South Dakota Division of Banking

  • Address: 1601 N. Harrison Ave., Suite 1 Pierre, SD 57501
  • Phone: (605) 773-3421
  • Fax: (866) 326-7504
  • Websitehttp://dlr.sd.gov/banking/

 

Guides to Payday Loans in South Dakota Cities

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

Rapid City | Sioux Falls | Watertown