Payday Loans in Faunsdale, Alabama

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

Company nameAddressZip codePhone number
Eagle Title Loans 1423 6th Ave SE, Decatur, AL 35601 +1 (256) 350 - 7272
Quik Pawn Shop 3178 Pelham Pkwy, Pelham, AL 35124
TitleMax Title Loans 208 7th St S, Clanton, AL 35045 +1 (205) 755 - 3250
MONEY Express 940 Schillinger Rd N, Mobile, AL 36608 +1 (251) 639 - 0866
Covington Credit 1177 Andrews Ave m, Ozark, AL 36360
World Finance 2536 Montgomery Hwy Ste 1, Dothan, AL 36303 +1 (334) 340 - 0046
Advance America 904 McMeans Ave, Bay Minette, AL 36507
Advance Alabama 2201 Woodward Ave, Muscle Shoals, AL 35661
Covington Credit 25 Saraland Blvd, Saraland, AL 36571 +1 (251) 679 - 0791
Covington Credit 1357 W Fort Williams St, Sylacauga, AL 35150

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Faunsdale, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Cullman, AL, Emergency Loan in Daphne, AL, Online Loans in Decatur, AL, Payday Loan Without a Credit Check in Dothan, AL, Payday Loan for Enterprise, AL, Online Loans in Eufaula, AL, 24-Hour Loan in Florence, AL and Payday Loans in Foley, 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 Faunsdale, AL.

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

36738

Are Payday Loans Legal In Faunsdale, 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

Faunsdale, AL payday loan calculator

Payday loans are short-term loans that are designed to help people get by until their next paycheck. They are typically used to cover unexpected expenses like car repairs or medical bills. While these loans can be helpful in an emergency situation, they can also be very expensive and lead to a cycle of debt if not used wisely.

The Basics of Payday Loans in Faunsdale, Alabama

Payday loans are legal in Alabama, but there are some restrictions on the amount you can borrow and the fees that lenders can charge. In Faunsdale, Alabama, the maximum loan amount is $500, and lenders can charge a maximum fee of 17.5% of the loan amount. This means that if you borrow $100, you can expect to pay up to $17.50 in fees.

How Payday Loans Work

Payday loans are typically due on your next payday, which is usually within two weeks of taking out the loan. When you apply for a payday loan, you will be asked to provide proof of income, such as a pay stub, and a post-dated check or authorization to withdraw the funds from your bank account on the due date.

If you are unable to repay the loan on the due date, you may be charged additional fees and interest, and your loan may be rolled over or extended. This can lead to a cycle of debt that can be difficult to break.

Alternatives to Payday Loans

If you are considering a payday loan in Faunsdale, Alabama, it is important to explore all of your options first. Some alternatives to payday loans include:

  • Credit counseling services
  • Borrowing from friends or family
  • Using a credit card with a lower interest rate
  • Seeking assistance from local charities or government programs

Interesting Facts and Statistics about Payday Loans in Faunsdale, Alabama

  • According to a 2019 report by the Alabama Appleseed Center for Law and Justice, residents of Alabama paid over $100 million in fees for payday loans in 2018.
  • Payday lenders in Alabama are not required to report their loan data to the state, making it difficult to track the number of loans and borrowers.
  • The number of payday lending storefronts in Alabama has decreased in recent years, but online lenders have become more prevalent.

Apply Now

If you are considering a payday loan in Faunsdale, Alabama, TheGuaranteedLoans can help connect you with potential lenders. We are not a direct lender, but a connector service that works with a network of reputable lenders. To apply now, simply fill out our online application and we will match you with a lender that fits your needs.

Remember, payday loans can be expensive and lead to a cycle of debt if not used wisely. Be sure to explore all of your options before taking out a payday loan, and only borrow what you can afford to repay.

F.A.Q.

What happens if I can't repay a payday loan in Faunsdale, Alabama?

If you are unable to repay a payday loan in Faunsdale, Alabama, the lender may attempt to collect the outstanding balance through a variety of methods, including contacting you by phone, mail, or email, or by using a collections agency. In some cases, the lender may also take legal action against you.

Can I be arrested for not paying back a payday loan in Faunsdale, Alabama?

No, you cannot be arrested for not paying back a payday loan in Faunsdale, Alabama.