Payday Loans in Horton, Alabama

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

Company nameAddressZip codePhone number
Garber Buick 5925 State St, Saginaw, Michigan +1 (989) 497 - 4444
World Acceptance Corporation of Al 1558 Montgomery Hwy 3, Dothan, AL 36303 +1 (334) 673 - 8950
Advance America 425 Gilmer Ave, Tallassee, AL 36078
First National Bank 15305 AL-74, Double Springs, AL 35553 +1 (205) 489 - 5246
Southtown Mortgage - Hometown Lenders 2841 Moody Pkwy 500, Moody, AL 35004 +1 (205) 640 - 4148
BB&T 3202 20th Ave, Valley, AL 36854 +1 (334) 768 - 3456
Cash Mart Inc 1405 2nd Ave SW C, Cullman, AL 35055
Tower Loan 2104 Cogswell Ave, Pell City, AL 35125 +1 (205) 227 - 7590
Check Mate Cash Advance Center 1110 Chalkville Mountain Rd # 128, Trussville, AL 35173
Credit Central 942 N Brindlee Mountain Pkwy, Arab, AL 35016 +1 (256) 931 - 2164

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Horton, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gadsden, AL, Payday Loans in Homewood, AL, Payday Loan Without a Credit Check in Hoover, AL, Payday Loans in Huntsville, AL, Online Loans in Jasper, AL, Bad Credit Loans in Madison, AL, Payday Loans in Mobile, AL and Quick Loan 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 Horton, AL.

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

35980

Are Payday Loans Legal In Horton, 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

Horton, AL payday loan calculator

Understanding Payday Loans in Horton, Alabama

Payday loans are a type of short-term, unsecured loan that typically provides quick cash to borrowers who need it urgently. These loans are often taken out by people who may have a poor credit history or cannot access other forms of credit, such as credit cards or personal loans. While payday loans can be helpful in bridging financial gaps, they come with high interest rates and fees that can quickly add up if not properly managed.

How do Payday Loans Work in Horton, Alabama?

In Horton, Alabama, payday loans are legal but regulated under the Small Loan Act. The maximum loan amount is $500, and the maximum loan term is 31 days. Lenders can charge up to 17.5% interest or $17.50 per $100 borrowed. For example, if you borrowed $100, the maximum you would pay back in fees is $117.50.

To apply for a payday loan in Horton, Alabama, you must be at least 19 years old and have a valid government-issued ID, proof of income, and an active checking account. Once approved, the funds are typically deposited into your account within one business day.

The Pros and Cons of Payday Loans

Payday loans can provide a quick solution to financial challenges, but they also come with certain risks and disadvantages. Here are some of the pros and cons to consider before taking out a payday loan in Horton, Alabama:

  • Pro: Easy Access to Cash – Payday loans offer quick and easy access to cash without going through a lengthy approval process.
  • Con: High-Interest Rates and Fees – Payday loans often come with high-interest rates and fees that can add up quickly if the loan is not paid off on time.
  • Pro: No Credit Check Required – Payday lenders do not typically check the borrower’s credit history, making these loans accessible to people with poor credit scores.
  • Con: Short Repayment Periods – Payday loans typically have short repayment periods, which can make it difficult for some borrowers to pay back the loan on time and avoid additional fees and interest charges.

Interesting Facts About Payday Loans in Horton, Alabama

Here are some interesting facts and statistics about payday loans in Horton, Alabama:

  • Fact 1: As of August 2021, there were 1,202 licensed payday lenders in Alabama.
  • Fact 2: According to a study by the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 or more loans per year.
  • Fact 3: The average payday loan amount in Alabama is $350.

Apply Now with TheGuaranteedLoans

If you are considering taking out a payday loan in Horton, Alabama, it is important to understand the risks and responsibilities that come with borrowing money. At TheGuaranteedLoans, we are dedicated to connecting borrowers with trusted lenders who can offer competitive rates and terms. To apply for a payday loan with TheGuaranteedLoans, simply fill out our online application form and we will connect you with a lender who can meet your needs.

Remember, TheGuaranteedLoans is not a direct lender but a connector service. We do not make lending decisions or charge any fees for our service. Instead, we facilitate the connection between borrowers and potential lenders, making it easy and convenient to find the loan that works best for you.

Conclusion

Payday loans can be a helpful resource for borrowers who need cash quickly, but they come with certain risks and disadvantages. If you are considering a payday loan in Horton, Alabama, be sure to do your research and understand the terms and conditions of the loan before committing to it. At TheGuaranteedLoans, we are committed to providing our customers with accessible, reliable, and trustworthy loan options that can help them navigate challenging financial situations.

F.A.Q.

What is the maximum APR for payday loans in Horton, Alabama?

The maximum APR for payday loans in Horton, Alabama is 456%.

What are the fees associated with payday loans in Horton, Alabama?

The fees associated with payday loans in Horton, Alabama are determined by the amount of the loan and the length of the loan term. Typically, the fee is a flat rate that is a certain percentage of the loan amount, such as $15 per $100 borrowed.