Payday Loans in Altoona, Alabama

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No payday loan companies in Altoona, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
Dixie Dollar Payday Loans Inc 346 Elm St, Sulligent, AL 35586
Check Into Cash 5550 McFarland Blvd #500, Northport, AL 35476
Always Money 2851 E South Blvd A, Montgomery, AL 36116
Florida Title 34488 US-98 Suite A, Lillian, AL 36549 +1 (850) 458 - 2274
Quik Cash 10745 US-431, Albertville, AL 35950
World Finance 965 US Hwy 80 W, Ste 400, Demopolis, AL 36732 +1 (334) 287 - 3020
Haldeman Auto Group 607 NJ-33, Trenton, New Jersey +1 (609) 375 - 1000
Regional Finance 1004 Butler Ave, Boaz, AL 35957 +1 (256) 593 - 8706
First American Cash Advance 1745 S Eufaula Ave, Eufaula, AL 36027
Tower Loan 2104 Cogswell Ave, Pell City, AL 35125 +1 (205) 227 - 7590

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Altoona, AL, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Prichard, AL, Payday Loans in Sylacauga, AL, Payday Loans in Talladega, AL, Payday Loans in Troy, AL, Payday Loans in Trussville, AL, Short-term Loans in Tuscaloosa, AL, Payday Loan for Valley, AL and Payday Loans in Vestavia Hills, AL. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Altoona, AL.

Payday Loans Available in Altoona, AL By The Following ZIP Codes:

35952

Are Payday Loans Legal In Altoona, Alabama?

Loan Rates and Fees, Laws and Regulations in Alabama.

Alabama Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)456
Maximum Loan Amount$500
Minimum Loan Term10 days
Maximum Loan Term31 days
Number of Rollovers Allowed1
Finance Charges17.5% of the amount advanced

Altoona, AL payday loan calculator

About Payday Loans in Altoona, Alabama

Payday loans are a type of short-term loan that are designed to help individuals cover unexpected expenses between paychecks. In Altoona, Alabama, payday loans are legal and can be a helpful financial solution for those in need of quick cash. However, it is important to understand the terms and regulations associated with payday loans in Alabama before taking out a loan.

How do Payday Loans Work in Altoona, Alabama?

In Alabama, payday loans are regulated by state law. The maximum amount that can be borrowed is $500, and the loan term cannot exceed 31 days. Lenders are allowed to charge a maximum of 17.5% interest on each loan, and a maximum of $17.50 in fees for every $100 borrowed. This means that if you borrow $100 for a period of 14 days, you will pay $117.50 in total.

The application process for payday loans is typically quick and easy. You will need to provide some basic personal and financial information, such as your name, address, employment information, and bank account details. Once your application has been submitted, the lender will review your information and determine whether or not to approve your loan.

Are Payday Loans a Good Option for Borrowers in Altoona, Alabama?

While payday loans can be a helpful option for borrowers who need quick cash, they can also be expensive. The high interest rates and fees associated with payday loans can make it difficult for borrowers to repay their loans on time, which can lead to additional fees and charges.

If you are considering taking out a payday loan in Altoona, Alabama, it is important to carefully consider your financial situation and your ability to repay the loan on time. You may also want to explore other options, such as personal loans or credit cards, which may offer more favorable terms and interest rates.

Important Considerations for Payday Loan Borrowers in Altoona, Alabama

  • Payday loans should only be used for emergency expenses, such as unexpected medical bills or car repairs.
  • Be sure to read and understand the terms and conditions of your loan before signing the agreement.
  • Be aware of your repayment schedule and make sure you have the funds available to repay your loan on time.
  • Do not borrow more than you can afford to repay.

Interesting Facts and Statistics about Payday Loans in Altoona, Alabama

  • Approximately one in four Alabama residents has taken out a payday loan in the past five years.
  • In 2018, Alabama borrowers took out more than 1.6 million payday loans, with an average loan amount of $350.
  • Payday lenders in Alabama can charge up to 456% APR on a two-week loan, which is one of the highest rates in the country.

Apply Now with TheGuaranteedLoans

If you are in need of a payday loan in Altoona, Alabama, TheGuaranteedLoans can help. As a connector service, we work with a network of trusted lenders to help you find the right loan for your needs. Our application process is quick and easy, and we can provide a decision in just minutes.
Apply now to get connected with potential lenders and get the funds you need to cover your emergency expenses.

Please note that TheGuaranteedLoans is not a direct lender, but rather a connector service that works to facilitate your connection with potential lenders. We do not make credit decisions and are not responsible for the terms and conditions of your loan agreement.

F.A.Q.

What happens if I can't repay a payday loan in Altoona, Alabama?

If you are unable to repay a payday loan in Altoona, Alabama, the lender may attempt to collect the outstanding balance through a variety of methods, including contacting you by phone, mail, or email, or by using a collections agency. In some cases, the lender may also take legal action against you.

Can I be arrested for not paying back a payday loan in Altoona, Alabama?

No, you cannot be arrested for not paying back a payday loan in Altoona, Alabama.