Payday Loans in Axis, Alabama

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

Company nameAddressZip codePhone number
Sun Loan Company 1017 Crossroads Plaza Dr, Moody, AL 35004
Redi-Cash Inc 1321 S Main St C, Atmore, AL 36502 +1 (251) 446 - 3666
Regions Bank 76 Main St W, Rainsville, AL 35986 +1 (256) 638 - 6362
Trustmark 122 Greenville Bypass, Greenville, AL 36037 +1 (334) 382 - 4136
Regional Finance 1123 N McKenzie St, Foley, AL 36535 +1 (251) 952 - 1100
Superior Financial Services 1841 2nd Ave, Jasper, AL 35501
CB&S Bank 407 4th St W SW, Red Bay, AL 35582 +1 (256) 356 - 9547
Speedee Cash 1203 US-231, Troy, AL 36081 +1 (334) 808 - 4030
First Southern Bank 1455 US-72, Killen, AL 35645 +1 (256) 718 - 4273
Alabama Title Loans, Inc. 901 Glenn Blvd SW, Fort Payne, AL 35967

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Axis, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Prichard, AL, Emergency Loan in Sylacauga, AL, Payday Loans in Talladega, AL, Payday Loans in Troy, AL, Payday Loans in Trussville, AL, Online Loans in Tuscaloosa, AL, Same Day Loans in 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 Axis, AL.

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

36505

Are Payday Loans Legal In Axis, 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

Axis, AL payday loan calculator

Understanding Payday Loans in Axis, Alabama

If you’re short on cash and facing an unexpected expense, it can be tempting to turn to payday loans. These short-term loans are marketed as a quick and easy solution to get you through a financial emergency. However, it’s important to understand the risks associated with payday loans before you take one out in Axis, Alabama.

What Are Payday Loans?

Payday loans are typically small-dollar loans, usually between $100 and $500, that are meant to be repaid on your next payday. They are marketed as a way to bridge the gap between paychecks and can be obtained quickly and easily. In Axis, Alabama, payday loans are legal and are subject to certain regulations.

The Risks of Payday Loans

While payday loans may seem like a good solution to your financial problems, they come with high costs and risks. Payday loans have high interest rates, typically around 400%, which can make it difficult to pay them back on time. In addition, payday lenders often require access to your bank account, which can lead to overdraft fees and other expenses.

The Benefits of Payday Loans

Despite the risks, there are some benefits to payday loans. They are easy to obtain and can be useful in emergency situations. In addition, payday lenders do not typically require a credit check, which makes them an option for those with poor credit.

Regulations in Axis, Alabama

In Axis, Alabama, payday loans are legal with certain restrictions. The maximum loan amount is $500, and the maximum loan term is 31 days. Lenders are not allowed to charge more than 17.5% of the loan amount as a finance charge, and rollovers or extensions of the loan are not allowed.

Interesting Facts about Payday Loans in Axis, Alabama

  • According to a report by the Alabama Appleseed Center for Law and Justice, Alabama has the third-highest concentration of payday lenders in the country.
  • In 2018, payday lenders in Alabama charged an average APR of 300%, according to a report by the Center for Responsible Lending.
  • According to the same report, payday lenders in Alabama collected over $100 million in fees from borrowers in 2018.

Apply Now

If you’re considering a payday loan in Axis, Alabama, it’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender. We will facilitate your connection with potential lenders who may be able to provide you with a payday loan. To get started, simply fill out our online application and we’ll do the rest.

Remember, payday loans should be used only as a last resort. If you’re struggling with debt or facing financial difficulties, reach out to a trusted financial advisor or nonprofit organization for help.

F.A.Q.

What is the interest rate on a payday loan in Axis, Alabama?

The interest rate on a payday loan in Axis, Alabama is capped at 17.5% per month, which is equivalent to an annual percentage rate (APR) of 210%.

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

in Axis, Alabama, the minimum repayment period for a payday loan is 10 days, and the maximum repayment period is 31 days.