Payday Loans in Garden City, Alabama

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
CB&S Bank 1481 AL-172, Hodges, AL 35571 +1 (205) 935 - 3101
Security Finance 214 E 1st St, Bay Minette, AL 36507
Regional Finance 959 Gilbert Ferry Rd SE, Attalla, AL 35954
World Finance 33201 Hwy 43, Thomasville, AL 36784 +1 (334) 636 - 4626
Approved Cash 903 Woodward Ave, Muscle Shoals, AL 35661
BBVA Bank 95 Hull Rd, Sumiton, AL 35148 +1 (205) 648 - 3217
1st Franklin Financial 1018 Industrial Pkwy, Saraland, AL 36571 +1 (251) 679 - 1403
Security Finance 1648 Hwy 78 E, Jasper, AL 35501 +1 (205) 295 - 2070
Liberty Tax and Loans 2127 N. Hickory Street, C Ste C, Loxley, AL 36551 +1 (251) 964 - 5587
Tower Loan 154 W Main St, Prattville, AL 36067 +1 (334) 351 - 9534

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Garden City, 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, Payday Loans in Athens, AL, Same Day Loans in Atmore, AL, Payday Loan for Auburn, AL, Quick Loan in Bessemer, AL and Payday Loan Without a Credit Check 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 Garden City, AL.

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

35070

Are Payday Loans Legal In Garden City, 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

Garden City, AL payday loan calculator

The Ins and Outs of Payday Loans in Garden City, Alabama

Payday loans are short-term loans that can provide a quick solution for financial emergencies. In Alabama, payday loans are legal, which means that residents of Garden City may be eligible to apply for these loans. However, before you decide to take out a payday loan, it’s important to understand how they work, the benefits and drawbacks, and the regulations in your state.

How do payday loans work in Alabama?

Payday loans typically range from $100 to $500 and have a term of 10 to 31 days. The lender usually charges a fee based on the amount borrowed, rather than an interest rate. In Alabama, the maximum amount that payday lenders can charge is 17.5% of the amount borrowed. For example, if you borrow $100, you could pay a fee of up to $17.50.

If you decide to take out a payday loan, you will need to provide the lender with your name, address, contact information, and source of income. You will also need to provide a post-dated check or authorize the lender to withdraw the amount borrowed plus the fee from your bank account on the due date.

Benefits and Drawbacks of payday loans

One of the benefits of payday loans is that they can provide a quick solution for financial emergencies, such as unexpected car repairs or medical bills. They are also relatively easy to obtain, as lenders typically don’t require a credit check or collateral.

However, payday loans also have several drawbacks to consider. First and foremost, they can be very expensive. As previously mentioned, the fees charged can be high, and if you are unable to repay the loan on time, additional fees and interest may accrue. This can lead to a cycle of debt where you have to take out additional loans to pay off previous ones.

Another drawback of payday loans is that they can be a tempting form of credit for those who are already in a difficult financial situation. This can lead to a spiral of debt that can be difficult to escape from.

Regulations in Alabama

The state of Alabama has implemented several regulations to protect consumers who are considering payday loans. First, the state requires that lenders be licensed and registered. The state also limits the maximum amount that can be borrowed to $500 and the maximum term to 31 days.

The state also provides several protections for borrowers. For example, lenders are required to provide consumers with a written agreement that outlines all of the terms and conditions of the loan. Additionally, lenders are not allowed to roll over or extend loans, which can prevent borrowers from falling into a cycle of debt.

Interesting Facts

  • The average payday loan amount borrowed in Alabama is $323.
  • The maximum fee charged by payday lenders in Alabama is $17.50 per $100 borrowed.
  • In Alabama, the average APR for payday loans is 456.25%

Apply Now

If you are in need of a payday loan in Garden City, Alabama, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application and we will match you with qualified lenders who may be able to meet your financial needs. Please note that we are not a direct lender and do not make credit decisions. Instead, we are a connector service that aims to match borrowers with prospective lenders.

Remember, payday loans can be a useful solution for financial emergencies, but they can also be costly and lead to a cycle of debt. Be sure to carefully consider your options before borrowing and seek financial counseling if needed.

F.A.Q.

What are payday loans in Garden City, Alabama?

Payday loans in Garden City, Alabama are short-term, high-interest loans that are designed to be repaid on the borrower's next payday. These loans are often used to cover unexpected expenses or to bridge the gap between paychecks.

How do payday loans in Garden City, Alabama work?

To take out a payday loan in Garden City, Alabama, a borrower typically writes a check for the amount of the loan plus a fee, which the lender holds until the borrower's next payday. On that date, the borrower has the option to either repay the loan in full, including the fee, or roll the loan over for another term by paying only the fee.