Payday Loans in Brooklyn, Alabama

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

Company nameAddressZip codePhone number
TitleMax Title Loans 2205 S N US Hwy 231, Ozark, AL 36360 +1 (334) 293 - 9061
Payday Loans Dothan 1397 Co Rd 47, Midland City, AL 36350
Investar Bank 301 Broad St, York, AL 36925 +1 (205) 392 - 5205
Money Matters Title Loans 501 S Cedar Ave, Demopolis, AL 36732
SB&T Bank 401 S Commerce St, Geneva, AL 36340 +1 (334) 684 - 2247
First Commercial Bank 10675 US-278, Holly Pond, AL 35083 +1 (256) 796 - 9153
Advance America 1429 Fox Run Pkwy, Opelika, AL 36801
Alabama Title Loans, Inc. 31611 US-43, Thomasville, AL 36784
Emergi Cash Inc 3525 AL-14, Millbrook, AL 36054
Complete Cash 1880 W Main St, Centre, AL 35960

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Brooklyn, 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

Brooklyn, AL payday loan calculator

Getting to Know Payday Loans in Brooklyn, Alabama

Payday loans, also sometimes called cash advances, are loans that provide quick cash to help individuals cover unexpected expenses or emergencies. In Brooklyn, Alabama, payday loans are legal and can be a valuable financial resource for those in need.

How Payday Loans Work

When someone applies for a payday loan, they are borrowing a small amount of money, usually less than $500, with the understanding that they will pay back the loan plus fees on their next payday. The loan amount and fees can vary depending on the lender and the individual’s credit history.

Payday loans are generally meant to be short-term loans, meant to cover unexpected expenses or emergencies. They are different from traditional personal loans in that they typically have higher interest rates and shorter repayment periods.

Benefits of Payday Loans in Brooklyn, Alabama

  • Quick and easy application process: Applying for a payday loan is generally a simple and quick process, with many lenders allowing individuals to apply online. This can be especially helpful for those who need cash fast
  • Less stringent qualifications: Unlike traditional personal loans that may require good credit or a cosigner, payday loans typically have fewer requirements, making them accessible to individuals with less-than-perfect credit or a limited credit history
  • Flexibility: Payday loans can be used for a variety of purposes, such as car repairs, medical bills, or unexpected home repairs

Requirements for Getting a Payday Loan in Brooklyn, Alabama

While requirements may vary depending on the lender, some common requirements for getting a payday loan in Brooklyn, Alabama may include:

  • Being a U.S. citizen or permanent resident
  • Being at least 18 years of age
  • Having a valid email address and phone number
  • Having a checking account
  • Having a regular source of income

It’s important to note that lenders may have additional requirements, and borrowers should always carefully review the terms and conditions of any loan before accepting the funds.

Interesting Facts and Statistics About Payday Loans in Brooklyn, Alabama

  • In Alabama, payday loans are legal and regulated under the Deferred Presentment Services Act
  • The maximum payday loan amount in Alabama is $500, with a maximum finance charge of 17.5% of the loan amount
  • The average APR for a payday loan in Alabama is 456.25%
  • According to a 2019 report by the Alabama Appleseed Center for Law & Justice, Alabama has one of the highest payday loan usage rates in the country

Apply Now

If you are in need of a payday loan in Brooklyn, Alabama, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of trusted lenders to help you get the cash you need.

It’s important to note that TheGuaranteedLoans is a connector service, not a direct lender. This means that we do not provide loans directly, but instead help connect borrowers with potential lenders who may be able to provide them with a loan.

Don’t hesitate to apply now if you need immediate cash. We are here to help.

F.A.Q.

Can I take out more than one payday loan at a time in Brooklyn, Alabama?

No, it is not legal to take out more than one payday loan at a time in Brooklyn, Alabama. Borrowers are only allowed to take out one payday loan at a time, and they must wait at least seven days before taking out another loan.

Can I take out a payday loan if I already have one outstanding in Brooklyn, Alabama?

No, it is not legal to take out a payday loan if you already have one outstanding in Brooklyn, Alabama. Borrowers are only allowed to take out one payday loan at a time, and they must wait at least seven days before taking out another loan.