Payday Loans in Annemanie, Alabama

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

Company nameAddressZip codePhone number
Prattville Credit Corporation 713 E Main St, Prattville, AL 36067 +1 (334) 361 - 9696
Sun Loan Company 201 Chamber Dr a, Bay Minette, AL 36507
Millbrook Auto Title Loans 4102 AL-14, Millbrook, AL 36054
Covington Credit 505 US Highway 80 West, Suite E, Demopolis, AL 36732
Cash Loans Co 1004 Jordan Ln NW 5, Huntsville, AL 35816 +1 (256) 533 - 2099
Check Mate 1507 Martin St S Suite 4, Pell City, AL 35128 +1 (205) 338 - 3780
Tower Loan 2418 Danville Rd SW, Decatur, AL 35603
Check Into Cash 1811 Hwy 78 E #103, Jasper, AL 35501
SunTrust Mortgage 2100 Southbridge Pkwy 250, Birmingham, AL 35209 +1 (205) 874 - 8940
World Finance 80 McFarland Blvd Ste 6, Northport, AL 35476 +1 (205) 247 - 7878

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Annemanie, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gadsden, AL, Payday Loans in Homewood, AL, Payday Loans in Hoover, AL, Payday Loans in Huntsville, AL, Payday Loans in Jasper, AL, Guaranteed Loans in Madison, AL, Bad Credit Loans in Mobile, AL and Online Loans in Montgomery, 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 Annemanie, AL.

Are Payday Loans Legal In Annemanie, 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

Annemanie, AL payday loan calculator

Payday Loans in Annemanie, Alabama: Everything You Need to Know

Payday loans are short-term loans that offer quick financial assistance to those in need of cash between paychecks. Also known as cash advances or paycheck advances, payday loans are typically repaid within a few weeks, with borrowers required to pay back the loan in full, along with any interest and fees.

In Annemanie, Alabama, payday loans are legal and available to those who meet certain requirements. Here’s everything you need to know about payday loans in Annemanie, including the laws, regulations, fees, and more.

The Legality of Payday Loans in Annemanie, Alabama

Under Alabama law, payday loans are legal and regulated by the Alabama State Banking Department. However, there are limitations to how much a borrower can take out and how much interest a lender can charge. The maximum loan amount is $500, and lenders can charge up to 17.5% interest per $100 borrowed.

It’s important to note that borrowers can only have one outstanding payday loan at a time, and lenders are required to check a statewide database to ensure that borrowers do not have multiple loans out at once.

How to Qualify for a Payday Loan in Annemanie, Alabama

While payday loans are available in Annemanie, not everyone will qualify for one. In order to qualify, borrowers must meet certain requirements, including:

  • Be at least 18 years of age
  • Be a U.S. citizen or permanent resident
  • Have a valid identification
  • Have proof of income and employment
  • Have an active checking account

Keep in mind that payday lenders also assess a borrower’s ability to repay the loan before approving an application. This includes factors such as the borrower’s income, expenses, and creditworthiness.

The Pros and Cons of Payday Loans in Annemanie, Alabama

Like any financial product, payday loans come with advantages and disadvantages. Here are some things to consider before applying for a payday loan in Annemanie:

Pros:

  • Fast and convenient access to cash
  • No credit check required
  • Approvals are typically based on income and employment

Cons:

  • High interest rates and fees
  • Short repayment terms
  • Can lead to a cycle of debt if not managed properly

If you do decide to take out a payday loan, be sure to borrow only what you need and can afford to repay. Avoid rolling over or extending your loan, as this will accrue additional fees and interest, making it harder to pay off the loan in full.

Interesting Facts and Statistics about Payday Loans in Annemanie, Alabama

  • The average payday loan amount in Alabama is $322, with an average term of 14 days.
  • In 2019, payday lenders in Alabama charged an average interest rate of 154%, the highest in the country.
  • Approximately 18.5% of Alabamians live in poverty, making payday loans a tempting but potentially risky financial option.

Apply Now

If you meet the eligibility requirements and have weighed the pros and cons, you may be interested in applying for a payday loan in Annemanie, Alabama. At TheGuaranteedLoans, we offer a free online application process that connects borrowers with potential lenders. We are not a direct lender, but rather a connector service that streamlines the loan application process.

Fill out our easy online application form and get connected with lenders who may be able to provide you with the fast cash you need between paychecks. Remember to borrow responsibly and only what you need.

F.A.Q.

How long do I have to repay a payday loan in Annemanie, Alabama?

Payday loans in Annemanie, Alabama are typically due on the borrower's next payday. However, some lenders may offer longer repayment terms, depending on the borrower's circumstances.

What are the interest rates on payday loans in Annemanie, Alabama?

The interest rates on payday loans in Annemanie, Alabama can vary depending on the lender and the borrower's credit history. In general, these loans carry higher interest rates than traditional bank loans.