Payday Loans in Hollywood, 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 Hollywood, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
BB&T Mortgage 457 W Front St, Evergreen, AL 36401
Fastcash 1425 Sunset Dr, Guntersville, AL 35976
Jefferson Financial Federal Credit Union 198 Highland Ave 6220, Selma, AL 36701 +1 (334) 872 - 9096
World Finance 1447 7th St S, Clanton, AL 35045 +1 (205) 755 - 5000
Liberty Tax and Loans 24-A N Broadway Ave North, Sylacauga, AL 35150 +1 (256) 245 - 9127
Covington Credit 305 7th St N, Clanton, AL 35045
Approved Cash 100 E Broad St, Gadsden, AL 35903 +1 (256) 547 - 2949
Check Into Cash 3600 Atlanta Hwy, Montgomery, AL 36109 +1 (334) 260 - 8963
Cash Express 615 9th Ave N, Bessemer, AL 35020 +1 (205) 426 - 2890
BB&T 15 Saraland Blvd N, Saraland, AL 36571 +1 (251) 675 - 5664

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hollywood, AL, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Mountain Brook, AL, Payday Loans in Northport, AL, 24-Hour Loan in Opelika, AL, Guaranteed Loans in Oxford, AL, Payday Loans in Pelham, AL, Payday Loans in Pell City, AL, Payday Loans in Phenix City, AL and Payday Loans in Prattville, 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 Hollywood, AL.

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

35752

Are Payday Loans Legal In Hollywood, 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

Hollywood, AL payday loan calculator

The Comprehensive Guide to Payday Loans in Hollywood, Alabama

In Alabama, payday loans are an option for those who need quick access to cash. Hollywood, Alabama residents have access to this option, though it’s important to proceed with caution. In this guide, we’ll provide a comprehensive overview of payday loans in Hollywood, Alabama, highlighting the benefits and potential drawbacks of this type of lending.

What are Payday Loans?

Payday loans are a type of short-term lending that is meant to help individuals bridge the gap between paychecks. They typically come with very high interest rates and fees, making them expensive to use. Payday loans in Alabama are legal and available to residents, but the state does place some restrictions on their use. These restrictions include:

  • The maximum loan amount is $500.
  • The loan term cannot be less than 10 days or more than 31 days.
  • The maximum finance charge for a 14-day, $100 loan is $17.50.
  • Borrowers are only allowed to take out one loan at a time.
  • Borrowers are allowed one rollover of their loan if they are unable to pay it back on time.

It’s important to note that payday loans are meant to be used as a short-term solution to a financial problem. They are not intended to be a long-term solution for ongoing financial issues.

The Benefits and Drawbacks of Payday Loans in Hollywood, Alabama

Like any type of lending, payday loans come with both benefits and potential drawbacks. Here are some of the main advantages and disadvantages of payday loans in Hollywood, Alabama:

Benefits:

  • Quick access to cash when you need it most.
  • Simple application process compared to traditional lending options.
  • Minimal credit requirements – even those with poor credit may be approved.
  • Can help you avoid late fees or overdraft fees on other accounts.

Drawbacks:

  • High interest rates and fees make payday loans an expensive option.
  • Required loan payments may be difficult to manage within the allotted timeframe.
  • Rollovers and additional fees can quickly trap borrowers in a cycle of debt.
  • May not solve long-term financial issues.
  • Availability of payday loans can signal underlying economic issues in the community.

Applying for a Payday Loan in Hollywood, Alabama

Applying for a payday loan in Hollywood, Alabama is a relatively simple process. To apply, you will need to:

  1. Be at least 19 years old.
  2. Have a valid email address, phone number, and government-issued ID.
  3. Provide proof of income and employment.
  4. Show proof of an active checking account.

If you meet these requirements, you can fill out an online application on our website. Applying through TheGuaranteedLoans will connect you with potential lenders who may offer you a payday loan. It’s important to remember that TheGuaranteedLoans is a connector service and not a direct lender.

Interesting Facts and Statistics About Payday Loans in Hollywood, Alabama

  • Alabama has the highest concentration of payday lenders in the nation. (source: https://www.responsiblelending.org/state-of-lending/reports/21-Payday-Loan-Compendium.pdf)
  • In 2019, the Center for Responsible Lending found that payday loans cost Alabama families $563 million in fees alone. (source: https://www.huffpost.com/entry/alabama-payday-lending-profit_b_6746280)
  • The average APR on a payday loan in Alabama is 456.25%. (source: https://www.wtvy.com/content/news/Alabama-Senate-approves-use-of-payday-loans-427949123.html)

Apply Now

If you’ve decided that a payday loan is the right option for you, click here to fill out an application now. Remember, payday loans are meant to be a short-term solution to a financial problem, and should be used with caution. TheGuaranteedLoans is here to help you connect with potential lenders who may be able to offer you the funding you need.

F.A.Q.

Can I take out more than one payday loan at a time in Hollywood, Alabama?

No, it is not legal to take out more than one payday loan at a time in Hollywood, 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.

Can I take out a payday loan if I already have one outstanding in Hollywood, Alabama?

No, it is not legal to take out a payday loan if you already have one outstanding in Hollywood, 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.