Payday Loans in Cragford, Alabama

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

Company nameAddressZip codePhone number
First Southern Financial 119 S Brindlee Mountain Pkwy, Arab, AL 35016 +1 (256) 586 - 1214
Cash Express 2207 Gault Ave N, Fort Payne, AL 35967
Bank Independent Leighton 8720 Main St, Leighton, AL 35646 +1 (256) 386 - 5000
Money Matters Title Loans 320 5th St NW, Aliceville, AL 35442 +1 (205) 373 - 0303
Cash Connection 55 Wisteria Pl, Millbrook, AL 36054
Title Cash 1120 W Maple Ave, Geneva, AL 36340
Easy Money 500 W Meighan Blvd, Gadsden, AL 35901 +1 (256) 547 - 5600
Covington Credit 8498 Madison Blvd i, Madison, AL 35758 +1 (256) 850 - 4858
Easy Money 2950 SpringHill Ave, Mobile, AL 36607
Complete Cash 317 Troy Edmunson Rd, Daleville, AL 36322

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cragford, AL, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Alabaster, AL, Payday Loan Companies in Albertville, AL, Payday Loan Without a Credit Check in Anniston, AL, Payday Loans in Athens, AL, Same Day Loans in Atmore, AL, Payday Loans in Auburn, AL, Payday Loans in Bessemer, AL and Payday Loans in Birmingham, 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 Cragford, AL.

Are Payday Loans Legal In Cragford, 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

Cragford, AL payday loan calculator

Payday Loans in Cragford, Alabama: A Comprehensive Guide

Are you in need of quick cash in Cragford, Alabama? If so, you may have considered taking out a payday loan. Payday loans are short-term loans that are typically due on your next payday. They are designed to provide quick access to cash for those who may be experiencing financial hardship. In Alabama, payday loans are legal, but they are regulated by state law. In this guide, we will explore the ins and outs of payday loans in Cragford, Alabama, and provide you with the information you need to make an informed decision.

How do Payday Loans Work in Cragford, Alabama?

Payday loans in Alabama typically range from $100 to $500 and can be obtained from a payday lender or online. The loan terms are typically 10-31 days, and the borrower is required to pay back the loan plus interest and fees on the due date. The fees and interest rates for payday loans in Alabama are regulated by state law and cannot exceed 17.5% of the loan amount, which equates to an APR of 456.25% for a 14-day loan.

To obtain a payday loan, you must provide the lender with proof of income and a post-dated check or electronic access to your bank account. The lender will use the post-dated check or electronic access to withdraw the loan amount plus fees and interest on the due date.

Pros and Cons of Payday Loans in Cragford, Alabama

Like any financial product, payday loans have their pros and cons. Here are a few to consider:

  • Pros:
    • Easy and quick access to cash
    • No credit check required
    • No collateral required
    • Can be used for any purpose
  • Cons:
    • High interest rates and fees
    • Short loan terms
    • Can lead to a cycle of debt
    • May not be a long-term solution to financial problems

Interesting Facts and Statistics about Payday Loans in Cragford, Alabama

Here are some verified facts and statistics about payday loans in Cragford, Alabama:

  • As of 2021, there are over 1,000 payday lenders in Alabama.
  • In 2020, Alabama residents borrowed over $1.1 billion in payday loans.
  • The average APR for a payday loan in Alabama is 391%.
  • Payday loan borrowers in Alabama typically take out 10 loans per year.

Apply Now for a Payday Loan in Cragford, Alabama

If you have decided that a payday loan is right for you, TheGuaranteedLoans can help connect you with potential lenders. We are a connection service, not a direct lender, and we work with a network of trusted lenders to help you find the best loan for your needs. To start the process, simply fill out our online application form. It only takes a few minutes, and you could have access to the funds you need in as little as one business day.

Remember, a payday loan should not be your first choice when it comes to financial solutions. Consider all of your options before taking out a loan, and make sure you understand the terms and fees associated with the loan. With the right information and a responsible approach, a payday loan can be a helpful tool for those in need of quick cash.

F.A.Q.

Are there any fees associated with a payday loan in Cragford, Alabama?

Yes, there are several fees that may be associated with a payday loan in Cragford, Alabama. These may include a loan origination fee, a finance charge, and other fees or charges.

Can I renew a payday loan in Cragford, Alabama?

Yes, you can renew a payday loan in Cragford, Alabama. However, the law sets limits on the number of times you can renew a payday loan, as well as the fees and interest that can be charged on a renewed loan.