Payday Loans in Black, Alabama

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

Company nameAddressZip codePhone number
Money Matters 9570 AL-18, Vernon, AL 35592
CB&S Bank 3571 Broad St, Phil Campbell, AL 35581 +1 (205) 993 - 5315
Always Money 501 15th St E D, Tuscaloosa, AL 35401
SunTrust 402 Cox Creek Pkwy, Florence, AL 35630 +1 (256) 712 - 3744
Security Finance 809 S Alabama Ave, Monroeville, AL 36460
First Colonial Bank 34023 US-98, Lillian, AL 36549 +1 (251) 962 - 7428
Cash Mart Inc 1405 2nd Ave SW C, Cullman, AL 35055
Check Advance 14001 US-43 #12, Russellville, AL 35653
Cash Mart Inc 1003 S Broad St, Scottsboro, AL 35768
Kwik Cash 9097 Bellingrath Rd, Theodore, AL 36582 +1 (251) 653 - 1563

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Black, AL, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Prichard, AL, Same Day Loans in Sylacauga, AL, Payday Loan Without a Credit Check in Talladega, AL, Payday Loans in Troy, AL, Payday Loans in Trussville, AL, Payday Loans in Tuscaloosa, AL, Payday Loans in Valley, AL and 24-Hour Loan 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 Black, AL.

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

36314

Are Payday Loans Legal In Black, 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

Black, AL payday loan calculator

Payday Loans in Black, Alabama – What You Need to Know

Payday loans are a popular way for people to get fast cash when they need it. They are short-term loans that are usually due on the borrower’s next payday. In Alabama, payday loans are legal, but there are limitations on how much can be borrowed and how long the loan can be extended.

How Payday Loans Work

Payday loans are designed to be easy to obtain. Borrowers can usually get a loan by providing proof of income and a valid ID. The amount of the loan is typically based on the borrower’s income and can range from a few hundred dollars to a few thousand.

Payday loan lenders charge a fee for their services, which is typically a percentage of the amount borrowed. This fee can be quite high, so it’s important to read the terms and conditions carefully before taking out a payday loan.

Payday Loans in Alabama

In Alabama, payday loans are legal, but there are some restrictions on how they can be issued. The maximum loan amount is $500, and the loan must be paid back within 31 days. Lenders are not allowed to charge more than 17.5% of the loan amount as a fee.

There is also a limit on the number of loans a borrower can take out at one time. A borrower 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.

The Pros and Cons of Payday Loans

  • Pros:
    • Easy to obtain
    • No credit check required
    • Fast access to cash
  • Cons:
    • High fees and interest rates
    • Can lead to a cycle of debt
    • May not be a long-term solution

While payday loans can provide much-needed cash in an emergency, they come with risks. The high interest rates and fees can cause borrowers to fall into a cycle of debt, which can be difficult to get out of. It’s important to consider all options before taking out a payday loan and to only do so if it’s the best option.

Interesting Facts and Statistics about Payday Loans in Alabama

  • The average payday loan in Alabama is $323
  • Alabama has the highest concentration of payday lenders per capita in the country
  • 67% of payday loan borrowers in Alabama are women
  • Payday loans in Alabama have an average interest rate of 461%

Apply Now

If you need a payday loan in Black, Alabama, TheGuaranteedLoans can help you find a lender. We are a connector service, not a direct lender. This means that we can match you with potential lenders who may be able to provide you with the funds you need.

To get started, simply fill out our online application. We will review your information and connect you with lenders who may be able to assist you. It’s quick and easy, and you’ll receive a decision in minutes.

Remember, a payday loan is a serious financial commitment. Make sure you understand the terms and conditions before taking out a loan, and only do so if it’s the best option for your situation.

F.A.Q.

What are the eligibility requirements for payday loans in Black, Alabama?

To be eligible for a payday loan in Black, Alabama, a borrower must have a regular source of income and an active checking account. In addition, the borrower must be at least 18 years old and a resident of Alabama.

How much can I borrow with a payday loan in Black, Alabama?

The maximum amount that can be borrowed with a payday loan in Black, Alabama is $500.