Payday Loans in Detroit, Alabama

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

Company nameAddressZip codePhone number
Approved Cash 1713 E 280 Bypass A, Phenix City, AL 36870 +1 (334) 298 - 8586
Friend Bank of Hartford 307 W Main St, Hartford, AL 36344 +1 (334) 588 - 3802
Check Into Cash 5550 McFarland Blvd Ste 500, Northport, AL 35476 +1 (205) 339 - 3630
Check 'n Go 2491 US Highway 431 N, Anniston, AL 36206
World Finance 814 Pelham Rd S, Jacksonville, AL 36265 +1 (256) 435 - 7700
Cadence Bank - Rainbow City Branch 3201 Rainbow Dr, Rainbow City, AL 35906 +1 (256) 413 - 7400
Bank Independent Moulton 15259 Court St, Moulton, AL 35650 +1 (256) 386 - 5000
Community Spirit Bank 1107 4th St NW, Red Bay, AL 35582 +1 (256) 356 - 8724
Acceptance Loan Company, Inc. 224 Cahaba Valley Rd, Pelham, AL 35124
Advance America 1906 AL-21 Bypass, Monroeville, AL 36460

Payday Loan Companies in Nearby Cities

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

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

35552

Are Payday Loans Legal In Detroit, 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

Detroit, AL payday loan calculator

Payday Loans in Detroit, Alabama

Payday loans are short-term loans that provide borrowers with quick access to cash. They are typically offered in small amounts, with repayment required on the borrower’s next payday. While payday loans are popular throughout the country, we will be taking a closer look in this article at payday loans in Detroit, Alabama.

Legal Status of Payday Loans in Alabama

Before diving into payday loans in Detroit specifically, it’s worth noting the legal status of payday loans in the state of Alabama. Payday loans are legal in Alabama, with various regulations in place to ensure the safety and security of borrowers and lenders alike.

One such regulation is the maximum amount that a borrower can take out a payday loan for. In Alabama, the maximum amount is $500. Additionally, the maximum amount of time a borrower has to repay their loan is 31 days. Finally, the maximum amount of interest that lenders can charge on payday loans is set at 17.5% of the loan amount.

Payday Loans in Detroit

In Detroit specifically, payday loans are a popular option for individuals who may be struggling to make ends meet. These loans can provide short-term financial relief for individuals who have unexpected expenses or who are living paycheck-to-paycheck.

One thing to keep in mind, however, is that payday loans can come with high interest rates. While the maximum amount of interest that lenders can charge is regulated by the state of Alabama, borrowers should still be aware that they may end up paying back more than they borrowed in interest.

Additionally, payday loans may not be the most sustainable financial solution for individuals who are struggling with debt. Borrowers should take the time to carefully consider their financial situation and explore all possible options before deciding to take out a payday loan.

Interesting Facts and Statistics

  • In the state of Alabama, there are more payday lenders than McDonald’s and Burger King locations combined.
  • The majority of payday loan borrowers in Alabama are women.
  • Alabama has some of the least strict regulations when it comes to payday loans compared to other states.

Apply Now

If you’re interested in applying for a payday loan in Detroit, Alabama, TheGuaranteedLoans can help connect you with potential lenders. Keep in mind that we are a connector service, not a direct lender, and that we are committed to helping borrowers find safe and secure financial solutions.

Apply now to be connected with potential lenders and start exploring your options for short-term financial relief.

F.A.Q.

What are the requirements for taking out a payday loan in Detroit, Alabama?

To take out a payday loan in Detroit, Alabama, you must be at least 18 years old, have a regular source of income, and have a valid checking or savings account.

How do I apply for a payday loan in Detroit, Alabama?

To apply for a payday loan in Detroit, Alabama, you can either visit a payday lender in person or apply online. In either case, you will need to provide some basic information, such as your personal details, employment information, and bank account information.