Payday Loans in Echola, Alabama

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

Company nameAddressZip codePhone number
Payday USA 816 Pelham Rd S, Jacksonville, AL 36265
Alabama Title Loans 1021 Coffeeville Rd, Jackson, AL 36545
Eagle Title Loans 1423 6th Ave SE, Decatur, AL 35601 +1 (256) 350 - 7272
Advance America 24833 John T Reid Pkwy L, Scottsboro, AL 35768
Security Finance 14001 Hwy 43 Suite 22, Russellville, AL 35653 +1 (256) 332 - 9808
Covington Credit 33007 US-43, Thomasville, AL 36784 +1 (334) 636 - 4117
City Finance Co 171 Forest Ave, Luverne, AL 36049 +1 (334) 335 - 5001
AFC Automotive Finance Corp. 3600 S Oates St Suite 8, Dothan, AL 36301 +1 (334) 671 - 8136
Western Finance 15397 AL-59 #2, Foley, AL 36536
Always Money 1803B University Dr, Huntsville, AL 35801 +1 (256) 427 - 6848

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Echola, 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

Echola, AL payday loan calculator

Payday loans are a fast and easy way to get cash when you need it most. If you live in Echola, Alabama, it is important to know the laws around payday loans. In this article, we will explore the ins and outs of payday loans in Echola, Alabama, and help you understand how they can help you in a pinch.

How Payday Loans Work in Echola, Alabama

In Echola, Alabama, payday loans are legal. These loans are short-term loans that are designed to help you get through until your next paycheck. They are typically due within two weeks and are repaid in full, including fees and interest, at that time. The maximum amount you can borrow is $500, and lenders can charge up to 17.5% in interest and fees.

While payday loans can be a helpful tool, it is important to be mindful of the interest and fees associated with them. The high APRs on payday loans can make them difficult to repay, so it is crucial to only borrow what you need and to have a plan in place to repay the loan in full when it comes due.

Requirements for a Payday Loan in Echola, Alabama

There are a few requirements you must meet to qualify for a payday loan in Echola, Alabama. These include:

  • Being at least 19 years old
  • Having a valid government-issued ID
  • Having proof of income and employment

If you meet these requirements, you can apply for a payday loan at a local lender or online through a lending website. Keep in mind that TheGuaranteedLoans is not a direct lender, but a connector service that can help connect you with potential lenders.

Why Choose a Payday Loan in Echola, Alabama?

Payday loans can be a helpful option if you need cash quickly. They are typically easy to apply for and have a fast turnaround time. This makes them ideal for situations where you need money for an unexpected expense, such as a car repair or medical bill.

Payday loans can also be a good option if you have bad credit. Unlike traditional loans, payday lenders typically do not require a credit check. This means that even if you have a low credit score, you may still be able to qualify for a payday loan.

Interesting Facts About Payday Loans in Echola, Alabama

  • In 2019, Alabama lawmakers passed a bill that would have capped the APR on payday loans at 36%. However, the bill did not pass in the Senate.
  • The average payday loan borrower in Alabama takes out 10 loans per year and pays $563 in fees.
  • Payday lenders in Alabama can charge up to 17.5% in interest and fees on loans up to $500.

Apply Now for a Payday Loan in Echola, Alabama

If you need cash quickly and are considering a payday loan in Echola, Alabama, TheGuaranteedLoans can help connect you with potential lenders. To get started, simply fill out our online application form. Remember, payday loans are legal in Alabama, but it is important to be mindful of the interest and fees associated with them.

Apply now and get the cash you need to get through until your next paycheck.

F.A.Q.

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

To be eligible for a payday loan in Echola, 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 Echola, Alabama?

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