Payday Loans in Brierfield, Alabama

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

Company nameAddressZip codePhone number
Western Finance 228 Town Mart, Clanton, AL 35045
Capstone Finance 2332 McFarland Blvd E, Tuscaloosa, AL 35404 +1 (205) 349 - 1600
TitleBucks Title Loans 3129 Pelham Pkwy, Pelham, AL 35124
Complete Cash 919 2nd Ave E, Oneonta, AL 35121
Hometown Credit Corporation 119 Southland Vlg F, Troy, AL 36079 +1 (334) 670 - 0021
Bryant Bank 21290 AL-25, Columbiana, AL 35051 +1 (205) 670 - 9720
World Finance 1013 Crossroads Plaza Dr, Moody, AL 35004 +1 (205) 640 - 4160
Raymond James - Kelly Daniels, Financial Advisor 308 N Main St 1, Atmore, AL 36502 +1 (251) 338 - 7771
Money Matters Title Loans 535 Military St S, Hamilton, AL 35570
Security Finance 2207 Gault Ave N Suite E, Fort Payne, AL 35967 +1 (256) 997 - 0511

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brierfield, AL, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Gadsden, AL, Payday Loans in Homewood, AL, 24-Hour Loan in Hoover, AL, Payday Loans in Huntsville, AL, Payday Loans in Jasper, AL, No Credit Check Loans in Madison, AL, Payday Loan for 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 Brierfield, AL.

Are Payday Loans Legal In Brierfield, 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

Brierfield, AL payday loan calculator

Everything You Need to Know About Payday Loans in Brierfield, Alabama

Payday loans have become increasingly popular as a way for people to pay for unexpected expenses. In Brierfield, Alabama, payday loans are legal, and they can be a helpful option for those in need of quick cash. However, before taking out a payday loan, it’s important to understand how they work, the laws surrounding them, and the potential risks and benefits.

What are Payday Loans?

Payday loans are short-term loans designed to provide immediate financial relief. They are typically due on the borrower’s next payday, hence the name. These loans are often used to cover unexpected expenses, such as car repairs or medical bills.

In Brierfield, Alabama, payday loans are legal. However, there are regulations in place to protect borrowers. According to Alabama law, payday lenders cannot charge more than 17.5% interest on a loan. They also cannot lend more than $500 to a borrower at one time.

How Payday Loans Work

When a borrower takes out a payday loan, they typically provide the lender with a post-dated check or authorization to withdraw funds from their bank account on the loan’s due date. This gives the lender the ability to collect the loan amount and any associated fees directly from the borrower’s account when the loan is due.

The fees associated with payday loans can be high, which is why it’s important to carefully review the terms and conditions before taking out a loan. In Alabama, lenders can charge up to 3% per month on the unpaid balance of the loan after it becomes due.

The Pros and Cons of Payday Loans

Payday loans can be a helpful option for those in need of quick cash. However, they also come with risks. Here are some of the pros and cons of payday loans:

Pros:

  • Fast access to cash
  • No credit check required
  • They can be approved even if you have bad credit

Cons:

  • High fees and interest rates
  • They can lead to a cycle of debt
  • They cannot be used to address long-term financial problems

Interesting Facts and Statistics about Payday Loans in Brierfield, Alabama

Here are some interesting facts and statistics about payday loans in Brierfield, Alabama:

  • In Alabama, the average payday loan is $326.
  • There are approximately 1,000 payday lending stores operating in Alabama.
  • The average interest rate on a payday loan in Alabama is 300%.

Apply Now

If you need quick access to cash and are considering a payday loan, you can apply now through TheGuaranteedLoans. We are a connector service, which means we work with a network of potential lenders to help you find the best loan option for your needs. Applying for a payday loan through TheGuaranteedLoans is easy and convenient. Simply fill out our online application, and we’ll help you connect with a lender that can provide you with the funds you need.

Remember, before taking out a payday loan, it’s important to carefully review the terms and conditions and consider the potential risks and benefits.

Summary

Payday loans can be a helpful option for those in need of quick cash. In Brierfield, Alabama, they are legal, but there are regulations in place to protect borrowers. Before taking out a payday loan, it’s important to understand how they work, the potential risks and benefits, and to carefully review the terms and conditions. If you need a payday loan, you can apply now through TheGuaranteedLoans and we’ll help you connect with a potential lender that can provide you with the funds you need.

F.A.Q.

What are the fees and interest charges associated with payday loans in Brierfield, Alabama?

The fees and interest charges associated with payday loans in Brierfield, Alabama are regulated by state law. Lenders are limited in the amount of fees and interest they can charge on payday loans, and these charges are typically expressed as a percentage of the amount borrowed. For example, a lender may charge a fee of $15 for every $100 borrowed.

Can I renew or rollover my payday loan in Brierfield, Alabama?

No, payday loans in Brierfield, Alabama cannot be renewed or rolled over. Borrowers are only allowed to take out one payday loan at a time, and once the loan is repaid, they cannot take out another loan until they have waited at least seven days.