Payday Loans in Higdon, Alabama

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

Company nameAddressZip codePhone number
Cash Express 11110 AL-157, Moulton, AL 35650
World Finance 216 Walker Springs Rd Ste 106, Jackson, AL 36545 +1 (251) 246 - 9797
Title Cash of Clanton Inc 1515 7th St S A, Clanton, AL 35045
Easy Money 1402 Beltline Rd SW, Decatur, AL 35601
TitleMax Title Loans 33530 Hwy 43, Thomasville, AL 36784 +1 (334) 636 - 9048
Check Into Cash 705 Hwy 43 S Suite 14, Saraland, AL 36571 +1 (251) 675 - 4018
Modern Loans LLC 1031 Skyland Blvd E, Tuscaloosa, AL 35405
Wells Fargo Bank 110 S Main St, Opp, AL 36467 +1 (334) 493 - 3581
West Alabama Bank & Trust 86 Courthouse Square, Carrollton, AL 35447 +1 (205) 367 - 8181
Ezmoney 614 9th Ave N, Bessemer, AL 35020

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Higdon, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Cullman, AL, Short-term Loans in Daphne, AL, Guaranteed Loans in Decatur, AL, Payday Loans in Dothan, AL, Short-term Loans in Enterprise, AL, Payday Loans in Eufaula, AL, Emergency Loan in Florence, AL and Emergency Loan 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 Higdon, AL.

Are Payday Loans Legal In Higdon, 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

Higdon, AL payday loan calculator

Introduction

In today’s economy, unexpected expenses can hit even the most financially prepared individuals. While many turn to traditional banks and credit unions, these institutions are not always able to provide the fast and convenient solutions that people need. That’s where payday loans come in. Payday loans are designed to provide individuals with quick cash when they are facing a financial emergency, but what are the options for those living in Higdon, Alabama?

What are Payday Loans?

Payday loans are short-term loans that are typically due on the borrower’s next payday. They are designed to provide individuals with quick access to cash when they are facing a financial emergency, such as an unexpected bill or car repair. Unlike traditional banks and credit unions, payday lenders do not typically require a credit check, and they may be able to provide funds within 24 hours of approval.

How Do Payday Loans Work in Higdon, Alabama?

In Alabama, payday loans are legal and regulated by the Alabama State Banking Department. In Higdon, individuals can seek out payday loans from licensed lenders that adhere to state regulations.

To be eligible for a payday loan, individuals must be at least 19 years old, have a valid ID, and provide proof of income. Lenders may also require a post-dated check or access to the borrower’s bank account on the due date to ensure repayment. In Higdon, individuals can typically borrow up to $500 and are required to repay the loan within 10 to 31 days.

Benefits and Risks of Payday Loans in Higdon, Alabama

Payday loans offer several benefits for individuals who need quick access to cash. They are easy to obtain and can help individuals avoid late fees and other penalties associated with not being able to pay an unexpected bill or expense. They are also a great solution for those who do not have ideal credit and may be unable to obtain funds from traditional banks and credit unions.

However, payday loans also come with risks that individuals should be aware of. They typically come with high-interest rates and fees, which can make them more expensive than other forms of credit. Additionally, some lenders may engage in predatory lending practices, which can trap individuals in a cycle of debt.

Interesting Facts and Statistics About Payday Loans in Higdon, Alabama

  • Alabama has some of the highest payday loan rates in the country, with borrowers paying an average of 456% APR on a 14-day loan.
  • In 2019, Alabamians took out almost 2.5 million payday loans, totaling over $1 billion in loans.
  • Approximately 84% of payday loan borrowers in Alabama take out multiple loans per year.

Apply Now

If you are a resident of Higdon, Alabama, and are in need of a payday loan, TheGuaranteedLoans can help connect you with potential lenders. As a trusted connector service, we work with a network of licensed lenders who adhere to state regulations and can provide individuals with quick access to cash when they need it most.

Fill out our online application today and let us help you find the right lender for your needs. Remember, payday loans should only be used for short-term financial emergencies. Always read the terms and conditions carefully and ensure you can pay back the loan on time to avoid additional fees and penalties.

Conclusion

Payday loans can be a useful tool for individuals who need quick access to cash in an emergency. If you live in Higdon, Alabama, there are plenty of reputable lenders available who can provide you with the funds you need. Just remember to approach payday loans with caution and never borrow more than you can afford to repay.

F.A.Q.

How do I qualify for a payday loan in Higdon, Alabama?

To qualify for a payday loan in Higdon, Alabama, you must be at least 18 years old, have a valid government-issued ID, and have a regular source of income. Additionally, you must have an active checking account in your name to receive the loan funds.

How do I apply for a payday loan in Higdon, Alabama?

To apply for a payday loan in Higdon, Alabama, you can visit a payday lending store in person or apply online. In either case, you will need to provide the lender with some basic personal and financial information, including your name, address, income, and checking account information.