Payday Loans in Hollytree, Alabama

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

Company nameAddressZip codePhone number
Always Money 2975 US-280 Suite B, Alexander City, AL 35010
Covington Credit 37 Buck Creek Plaza, Alabaster, AL 35007 +1 (205) 664 - 7911
Cash Express 2605 S Broad St, Scottsboro, AL 35768 +1 (256) 999 - 0035
Bank of Carbon Hill 31900 1st Ave NW, Carbon Hill, AL 35549 +1 (205) 924 - 4471
Regional Finance 33208 Highway 43 Suite A, Thomasville, AL 36784 +1 (334) 456 - 3213
Regions Bank 21325 AL-25, Columbiana, AL 35051 +1 (205) 610 - 7840
Advance America Baldwin Square Shopping Center, 189, Fairhope, AL 36532 +1 (251) 990 - 2564
Cadence Bank - Childersburg Branch 33327 US-280, Childersburg, AL 35044 +1 (256) 378 - 3916
Title Cash 3658 Cloverdale Rd, Florence, AL 35633 +1 (256) 764 - 2682
Always Money 4642 US-231, Wetumpka, AL 36092

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hollytree, AL, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Gadsden, AL, Payday Loans in Homewood, AL, Payday Loans in Hoover, AL, Quick Loan in Huntsville, AL, Payday Loans in Jasper, AL, Bad Credit Loans in Madison, AL, Same Day 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 Hollytree, AL.

Are Payday Loans Legal In Hollytree, 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

Hollytree, AL payday loan calculator

Everything You Need to Know About Payday Loans in Hollytree, Alabama

Payday loans can be an excellent solution when you need quick financial help. These short-term loans can provide the necessary funds to deal with unexpected expenses or emergencies. If you’re in Hollytree, Alabama, and considering a payday loan, this article is here to guide you through the process, answer your questions, and help you make an informed decision.

What are Payday Loans?

A payday loan is a type of unsecured loan that is intended to be paid back on your next payday. These loans usually range from $100 to $500 and have a term of two weeks. However, Alabama State Law allows for a loan term of 10-31 days. As per state regulations, lenders can charge a maximum of 17.5% of the amount borrowed as a finance charge.

Payday loans are different from traditional loans in terms of the application process. The application process is quick and easy due to minimal requirements. Most lenders will not ask for a credit check or collateral, so these loans are accessible to just about anyone with a regular income.

Pros and Cons of Payday Loans

Like any other financial product, payday loans have advantages and disadvantages. When you’re considering this type of loan, it’s essential to understand the benefits and drawbacks to make an informed decision.

Pros:

  • Quick and easy application process.
  • Access to funds in as little as one business day.
  • No collateral or credit check is required.
  • Minimal eligibility requirements.

Cons:

  • High-interest rates compared to traditional loans.
  • Short repayment term that may cause difficulties with repayment.
  • May lead to a cycle of debt if not used responsibly.

Payday Loans in Hollytree, Alabama – Interesting Facts and Statistics

  • Payday loans are legal in Alabama, but the state heavily regulates them.
  • In the year 2020, Alabama lawmakers capped the interest rate on payday loans with a maximum 17.5% finance charge
  • The Alabama Supreme Court upheld the state’s payday loan law in 2016, stating that payday loans are valid as long as they follow the state guidelines.
  • As per the reports from the Alabama State Banking Department, there were approximately 1.9 million payday loans taken out in Alabama in 2019, with a total of $563.6 million loans funded. The average loan amount was $322.39.

Applying for a Payday Loan in Hollytree Alabama – How It Works

TheGuaranteedLoans is a connector service committed to helping individuals connect with potential lenders. If you’re considering applying for a payday loan in Hollytree, Alabama, all you need to do is fill out an application on our website.

Here’s how the application process works:

  • Fill out the application form on our website. This will include information such as your name, contact information, and employment details.
  • Submit the application form. We will then forward the information you provided to our network of lenders, who will review your application and determine if they can provide you with the necessary funds.
  • If a lender is interested in working with you, they will typically get in touch within a few hours or the next business day. They will then provide further instructions on what to do next.
  • You will then have the opportunity to review the loan terms, including the interest rate, repayment terms, and any other relevant details. If you agree to the terms, you will get the loan amount in your account within 24 hours after approval.

Remember, TheGuaranteedLoans is not a direct lender, and we do not provide loans ourselves. We are a connector service that can help you connect with potential lenders.

Conclusion

Payday loans can be an excellent solution when you need quick access to funds. However, it’s critical to remember that they also come with high-interest rates, so it’s essential to use them responsibly and only when necessary. If you’re considering a payday loan in Hollytree, Alabama, TheGuaranteedLoans can help you connect with potential lenders. Just fill out our application form, and we’ll do the rest.

Apply Now

If you’re ready to apply for a payday loan in Hollytree, Alabama, just fill out our application form, and we’ll do the rest. Remember, TheGuaranteedLoans is a connector service, not a direct lender, so we will help you connect with potential lenders to get the funds you need.

Get started now, and you could have the money you need as soon as tomorrow!

F.A.Q.

What should I do if I can't repay my payday loan in Hollytree, Alabama?

If you are unable to repay your payday loan in Hollytree, Alabama, it is important to contact your lender as soon as possible to discuss your options. Depending on the lender and your individual circumstances, you may be able to negotiate a repayment plan or extend the due date of your loan. It is important to avoid defaulting on your loan, as this can have serious consequences, including damage to your credit score and potential legal action.

Are there any restrictions on the number of payday loans I can take out in Hollytree, Alabama?

Yes, there are restrictions on the number of payday loans that a borrower can take out in Hollytree, Alabama. Borrowers are only allowed to take out one payday loan at a time, and they must wait at least seven days before taking out another loan.