Payday Loans in Holy Trinity, Alabama

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

Company nameAddressZip codePhone number
Progressive Ozark Bank - Salem, MO 904 W Scenic Rivers Blvd, Salem, Missouri +1 (573) 729 - 4146
Regional Finance 1209 N Main Ave, Sylacauga, AL 35150
First South Farm Credit 209 E 2nd St, Bay Minette, AL 36507
Hancock Whitney Bank 109 Greenville Bypass, Greenville, AL 36037 +1 (800) 448 - 8812
TitleMax Title Loans 720 Skyland Blvd E, Tuscaloosa, AL 35405 +1 (205) 553 - 3470
Service Loan and Tax Company 577 McQueen Smith Rd S, Prattville, AL 36067 +1 (334) 361 - 6095
Covington Credit 37 Buck Creek Plaza #400, Alabaster, AL 35007
Regions Bank 76 Main St W, Rainsville, AL 35986 +1 (256) 638 - 6362
Cash N-A Flash 10635 AL-75, Henagar, AL 35978
Always Money 3728 Moffett Rd, Mobile, AL 36618

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Holy Trinity, AL, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Prichard, AL, Payday Loans in Sylacauga, AL, Payday Loans in Talladega, AL, Online Loans in Troy, AL, Short-term Loans in Trussville, AL, Payday Loans in Tuscaloosa, AL, Payday Loans in Valley, AL and No Credit Check Loans in Vestavia Hills, 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 Holy Trinity, AL.

Are Payday Loans Legal In Holy Trinity, 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

Holy Trinity, AL payday loan calculator

In Holy Trinity, Alabama, just like in many other states across the country, payday loans are legal. However, it’s important to understand the implications of these types of loans and whether or not they are the right solution for your financial needs.

What are Payday Loans?

Payday loans are short-term loans that are designed to be repaid by the borrower’s next paycheck. They usually have high interest rates and fees, and are often marketed to individuals who are experiencing financial difficulties and need quick access to cash.

These types of loans have become increasingly popular in recent years, with many people turning to them as a way to cover unexpected expenses or to meet financial obligations that they are unable to fulfill with their regular income.

How do Payday Loans Work?

In Holy Trinity, Alabama, payday loan lenders typically require borrowers to provide proof of income and identification in order to qualify for a loan. Once a borrower is approved for a loan, the lender will usually require a post-dated check that covers the amount of the loan plus fees and interest.

The borrower then cashes the check on or before the due date, which is often the next payday. If the borrower is unable to repay the loan when due, the lender may charge additional fees and interest, and the borrower may be required to roll over the loan for another period.

Pros and Cons of Payday Loans

Just like any other financial product, payday loans have their pros and cons. Here are a few things to consider if you are thinking about taking out a payday loan in Holy Trinity, Alabama:

Pros:

  • Quick access to cash: Payday loans can be a good option for individuals who need money immediately and cannot wait until their next paycheck.
  • No Credit Check: Most payday loan lenders do not require a credit check, making it easier for individuals with bad credit or no credit history to obtain a loan.

Cons:

  • High Interest Rates: Payday loans typically have very high interest rates, leading to high fees and charges for borrowers.
  • Cycle of Debt: For those who cannot repay their loan on time, payday loans can lead to a cycle of debt and financial difficulties.

Interesting Facts and Statistics About Payday Loans in Holy Trinity, Alabama

Here are a few interesting facts and statistics about payday loans in Holy Trinity, Alabama:

  • Alabama has some of the highest payday loan rates in the country, with interest rates averaging around 456%.
  • In 2019, Alabama payday lenders issued more than 1.4 million loans, totaling more than $500 million.
  • The average payday loan in Alabama is $300, with an average fee of $59.00 for a two-week loan.

Apply Now

If you are considering a payday loan in Holy Trinity, Alabama, TheGuaranteedLoans can help you connect with potential lenders. We are a connector service, not a direct lender, and we will facilitate your connection with a lender who can best meet your financial needs.

To get started, simply fill out our online application. Our process is fast and easy, and we can usually provide you with a decision in minutes. Apply now and get the cash you need today!

F.A.Q.

Is there a limit on the amount of fees and interest that a payday lender can charge in Holy Trinity, Alabama?

Yes, there is a limit on the amount of fees and interest that a payday lender can charge in Holy Trinity, Alabama. The state has specific regulations in place that limit the amount of fees and interest that can be charged on payday loans. Lenders are required to disclose the fees and interest charges associated with the loan upfront, and borrowers should carefully review these charges before agreeing to the loan.

Can a payday lender garnish my wages if I default on my loan in Holy Trinity, Alabama?

Yes, a payday lender can garnish your wages if you default on your loan in Holy Trinity, Alabama. If you are unable to repay your payday loan, the lender may be able to take legal action to collect the debt, including garnishing your wages. It is important to avoid defaulting on your loan if at all possible, as this can have serious consequences.