Payday Loans in Fosters, Alabama

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No payday loan companies in Fosters, 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
Eagle Title Loans 616 US-31 F, Athens, AL 35611
Cash Today 1228 Noble St, Anniston, AL 36201 +1 (256) 237 - 0071
World Finance 601 Gault Ave S Ste 300, Fort Payne, AL 35967 +1 (256) 845 - 6791
Check Mate 1507 Martin St S Suite 4, Pell City, AL 35128 +1 (205) 338 - 3780
Local Cash Advance-Scottsboro 611 Veterans Dr, Scottsboro, AL 35768
Service Loans 212 Town Mart, Clanton, AL 35045 +1 (205) 755 - 4011
1st Franklin Financial 718 Academy Dr Suite 108, Bessemer, AL 35022
Small Loans Inc 1109 E Commerce St, Greenville, AL 36037 +1 (334) 382 - 2610
Title Cash 1112 6th Ave SE, Decatur, AL 35601 +1 (256) 353 - 7841

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Fosters, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Alabaster, AL, Payday Loans in Albertville, AL, Payday Loans in Anniston, AL, Emergency Loan in Athens, AL, Payday Loans in Atmore, AL, Guaranteed 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 Fosters, AL.

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

35463

Are Payday Loans Legal In Fosters, 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

Fosters, AL payday loan calculator

Payday loans are a popular short-term lending option for those in need of quick cash in Fosters, Alabama. These loans are a form of credit that allows borrowers to access funds within minutes of applying, provided they meet certain criteria.

What are payday loans?

Payday loans are small-dollar loans that are typically due on the borrower’s next payday. They are often used to cover unexpected expenses or bills that have come due before the borrower’s next paycheck. Payday loans are typically unsecured loans, meaning they do not require collateral.

In Fosters, Alabama, payday loans are legal and regulated by state law. Borrowers in the state can obtain loans of up to $500, which must be repaid within 10 to 31 days, depending on the loan amount and terms.

How do payday loans work?

To obtain a payday loan in Fosters, Alabama, borrowers must meet certain criteria, including:

  • Being at least 19 years old
  • Having a regular source of income
  • Having a valid government-issued ID
  • Having a checking account

If a borrower meets these criteria, they can apply for a payday loan in-person at a payday lending store or online through a lender’s website. Borrowers will typically need to provide proof of income, personal information, and banking information to complete the application process.

If approved, borrowers will receive the funds within minutes, either in cash at the store or through a direct deposit into their bank account.

The costs of payday loans in Fosters, Alabama

Payday loans in Fosters, Alabama, often come with high fees and interest rates. Borrowers can expect to pay up to 17.5% of the loan amount in fees, which can add up if the loan is not repaid on time. Additionally, the state caps the annual percentage rate (APR) on payday loans at 456%, which is among the highest in the country.

It’s important for borrowers to carefully read the terms of the loan agreement before agreeing to them and to ensure they can afford to repay the loan on time, as failure to do so can result in additional fees and credit consequences.

Interesting facts and statistics

  • According to a report by the Alabama Appleseed Center for Law & Justice, 255,991 Alabamians took out more than 2.1 million payday loans in 2018, with borrowers paying more than $160 million in fees.
  • The report also found that payday lenders are disproportionately located in low-income neighborhoods and communities of color in Alabama.
  • Alabama is one of 32 states that allow payday lending, but a recent poll found that 85% of Alabamians support a cap on payday loan interest rates at 36%.

Apply now for a payday loan in Fosters, Alabama

If you need quick cash and meet the eligibility requirements, TheGuaranteedLoans can help connect you with potential payday lenders in Fosters, Alabama.

As a connector service, we do not provide loans directly, but instead help borrowers find the best lender for their needs and situation. By filling out our online application form, you can receive loan offers from multiple lenders, which can help you compare rates and terms and get the best deal possible.

Apply now and take the first step toward getting the funds you need.

F.A.Q.

Is it legal to take out a payday loan in Fosters, Alabama?

Yes, payday loans are legal in Fosters, Alabama.

How much can I borrow with a payday loan in Fosters, Alabama?

in Fosters, Alabama, the maximum amount that you can borrow with a payday loan is $500.