Payday Loans in Fyffe, Alabama

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

Company nameAddressZip codePhone number
Check Exchange 2035 E 280 Byp, Phenix City, AL 36867 +1 (334) 298 - 6080
Check Into Cash 815 East Battle Street, Talladega, AL 35160
Equisouth Mortgage 8415 Crossland Loop, Montgomery, AL 36117
Local Cash Advance & Title Pawn 302 N Center Ave, Piedmont, AL 36272
3 D Financial 14450 US-231, Hazel Green, AL 35750 +1 (256) 828 - 0070
Quick Kash Alabama 1507 Hwy 280 Byp, Phenix City, AL 36867 +1 (334) 298 - 9504
BB&T 3202 20th Ave, Valley, AL 36854 +1 (334) 768 - 3456
Easy Money 3032 Tyler Dr, Northport, AL 35476
Speedy Cash 321 Palisades Blvd, Birmingham, AL 35209
Advance America 121 Lindberg Ave Suite B, Atmore, AL 36502

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Fyffe, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Prichard, AL, Payday Loans in Sylacauga, AL, Payday Loans in Talladega, AL, Payday Loan for Troy, AL, Payday Loans in Trussville, AL, Bad Credit Loans in Tuscaloosa, AL, 24-Hour Loan in Valley, AL and Payday Loans 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 Fyffe, AL.

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

35971

Are Payday Loans Legal In Fyffe, 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

Fyffe, AL payday loan calculator

How Payday Loans Work in Fyffe, Alabama?

If you live in Fyffe, Alabama, and are facing a financial emergency, you may be considering getting a payday loan. Payday loans provide a fast solution when you need money quickly, and don’t have time to wait for a traditional loan. In this article, we’ll explore the payday loan process in Fyffe, Alabama, and what you need to know before you apply.

Payday Loans: A Quick Overview

A payday loan is a short-term loan that typically lasts for two to four weeks. In Fyffe, Alabama, payday loans are legal, and borrowers can receive up to $500. To qualify, you need to have a regular source of income and an active checking account. Some lenders may also require you to provide a valid ID and proof of income.

The Application Process

The application process for a payday loan is typically straightforward. You can apply online or in person at one of the many payday loan businesses in Fyffe. Once you submit your application, the lender will review it and determine whether to approve or deny your request. If you’re approved, the lender will provide you with the funds you need, and you’ll need to repay the loan, along with any interest and fees, when you receive your next paycheck.

Costs Associated with Payday Loans

Payday loans are an expensive way to borrow money, and borrowers in Fyffe, Alabama should carefully consider the costs before they apply. Lenders can charge up to 17.5% of the amount borrowed in interest and fees. For example, if you borrow $500, you could be charged up to $87.50 in fees. While this may not seem like a lot, it can quickly add up if you don’t repay the loan on time. If you fail to repay the loan, the lender can charge additional fees and interest, and you may be subject to collection calls and legal action.

Benefits and Risks of Payday Loans

Payday loans can be a useful way to obtain emergency funds quickly, but they also come with risks. The primary benefit is that they’re easy to obtain, and the application process is simple. However, the high-interest rates and short repayment periods can put borrowers at risk of falling into a cycle of debt. If you’re unable to pay back the loan on time, you may be forced to take out additional loans to cover the costs, which can quickly become expensive.

Interesting Facts and Statistics about Payday Loans in Fyffe, Alabama

  • In 2020, the average payday loan borrower in Alabama took out 3.6 loans, with an average loan amount of $350
  • The average interest rate on a payday loan in Alabama is 461%
  • In 2019, Alabama had the fourth-highest payday loan usage rate in the country

Apply Now!

If you find yourself in need of emergency funds, TheGuaranteedLoans can help you find a lender in Fyffe, Alabama. Our quick and easy application process makes it simple to apply, and our network of lenders can provide you with the funds you need. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we will work to find the right lender for your specific needs. Apply now and get the funds you need to cover your expenses!

F.A.Q.

How do payday loans work in Fyffe, Alabama?

To obtain a payday loan in Fyffe, Alabama, a borrower must first apply for the loan at a storefront or online lender. The borrower will typically be required to provide proof of income and a valid checking account in order to qualify for the loan. Once the loan is approved, the lender will deposit the funds into the borrower's checking account, and the borrower will be required to repay the loan on their next payday, along with any fees or interest charges.

Are payday loans legal in Fyffe, Alabama?

Yes, payday loans are legal in Fyffe, Alabama. The state has specific regulations in place that govern the operation of payday lenders, including limits on the amount of the loan, the fees and interest charges that can be charged, and the number of loans a borrower can take out at any given time.