Payday Loans in Glen Allen, Alabama

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

Company nameAddressZip codePhone number
First National Bank 55220 AL-17, Sulligent, AL 35586 +1 (205) 698 - 9135
Alabama Auto Finance 2100 Southbridge Pkwy 650, Birmingham, AL 35209 +1 (205) 578 - 6208
Speedy Cash 3410 AL-69 N, Northport, AL 35473 +1 (205) 339 - 0874
Alabama Title Loans 1214 Rucker Blvd, Enterprise, AL 36330
Cash Express 260 McCurdy Ave N 3, Rainsville, AL 35986 +1 (256) 867 - 2459
Check Into Cash 958 Gilbert Ferry Rd SW, Attalla, AL 35954
West Alabama Bank & Trust 211 Lafayette St, Livingston, AL 35470 +1 (205) 652 - 9636
Haleyville Loan Co 901 19th St, Haleyville, AL 35565 +1 (205) 486 - 7429
Tower Loan 122 S 8th St, Opelika, AL 36801 +1 (334) 364 - 9703
Regional Finance 80 McFarland Blvd Suite 2, Northport, AL 35476 +1 (205) 345 - 9305

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Glen Allen, AL, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Gadsden, AL, Guaranteed Loans in Homewood, AL, Payday Loan Without a Credit Check in Hoover, AL, Payday Loans in Huntsville, AL, Payday Loans in Jasper, AL, Payday Loan for Madison, AL, Payday Loans 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 Glen Allen, AL.

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

35559

Are Payday Loans Legal In Glen Allen, 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

Glen Allen, AL payday loan calculator

Understanding Payday Loans in Glen Allen, Alabama

If you are facing a financial emergency and cannot wait until your next paycheck, you might consider taking out a payday loan. Payday loans are a type of short-term loan designed to help borrowers cover unexpected expenses until they receive their next paycheck. Payday loans are legal in Alabama, including in the city of Glen Allen.

How Payday Loans Work in Glen Allen, Alabama

Payday loans are regulated by the Alabama State Banking Department, which oversees lenders’ operations and sets guidelines for the maximum amount that can be borrowed, fees and interest rates. In Glen Allen, borrowers can apply for a payday loan of up to $500, with repayment terms ranging from 10 to 31 days.

To apply for a payday loan in Glen Allen, you must be at least 19 years old and have a valid ID, proof of income, and an active checking account. The lender will perform a credit check and may also require additional documentation, such as proof of residency. If approved, borrowers receive their funds in a matter of minutes via direct deposit or cash deposit.

The Risks and Benefits of Payday Loans in Glen Allen, Alabama

While payday loans can provide quick access to cash, they also come with high-interest rates and fees that can be difficult to pay back. In Glen Allen, lenders may charge up to 17.5% of the loan amount as a finance charge, which is equivalent to an annual percentage rate (APR) of 456%. This means that if you borrow $100 for two weeks, you will owe $117.50 in fees and interest.

It is essential to consider the risks and benefits of payday loans before applying for one. Some benefits of payday loans include convenience, accessibility, and flexibility. Unlike traditional loans, payday loans don’t require collateral, and borrowers can use the funds for any purpose. Payday loans are also available to borrowers with bad credit or no credit history.

On the other hand, payday loans can lead to a cycle of debt, where borrowers take out multiple loans to cover previous ones, leading to mounting debt. Payday loans are not a long-term financial solution and may not address the underlying financial issues that led to the emergency in the first place.

It is recommended that you only take out a payday loan if you’re confident that you can repay it on time and in full.

Interesting Facts about Payday Loans in Glen Allen, Alabama

  • Glen Allen is a small city located in Fayette County, Alabama, with a population of around 500 people.
  • The average APR for payday loans in Alabama is 300%, which is one of the highest rates in the country.
  • According to a report by the Alabama Appleseed Center for Law and Justice, payday borrowers in Alabama take out an average of eight loans each year, with an average loan amount of $326.

Apply Now on the Guaranteed Loans Website

If you’re considering a payday loan to cover unexpected expenses in Glen Allen, Alabama, you can apply online through TheGuaranteedLoans website. Our website is a connector service, not a direct lender, and we work with a network of trusted lenders who offer payday loans in Glen Allen. By filling out our secure online application, you can receive multiple loan offers within minutes, and choose the loan that best fits your needs.

Remember, payday loans are a short-term financial solution that should only be used in emergencies. If you have recurring financial troubles, it’s important to seek help from a financial advisor or credit counselor to address the root cause of your financial issues.

F.A.Q.

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

If you are unable to repay a payday loan in Glen Allen, 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 Glen Allen, Alabama?

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