Payday Loans in Kent, Alabama

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

Company nameAddressZip codePhone number
Regional Finance 587 Highway 31 NW, Suite A, Hartselle, AL 35640 +1 (256) 773 - 7178
1st Franklin Financial 1935 Military St S #5, Hamilton, AL 35570
Discount Title Pawn 810 US Hwy 72 W C, Athens, AL 35611
Easy Money 9420 Parkway E, Birmingham, AL 35215
Alabama River Credit Union 3365 S Alabama Ave, Monroeville, AL 36460 +1 (251) 575 - 2921
MoneyGram inside ADVANCE AMERICA ADVANCE AMERICA, 3185 US-431 1657, Roanoke, AL 36274 +1 (334) 863 - 4948
Regions Bank 408 Courthouse Square, Bay Minette, AL 36507 +1 (251) 239 - 2600
Advance America 300 Springville Station Blvd., Suite 600, Springville, AL 35146 +1 (205) 467 - 9355
Approved Cash 404 E Meighan Blvd, Gadsden, AL 35903
Chattahoochee Federal Credit Union 519 Fob James Dr, Valley, AL 36854

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Kent, AL, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Cullman, AL, Payday Loans in Daphne, AL, Payday Loans in Decatur, AL, Payday Loans in Dothan, AL, Payday Loans in Enterprise, AL, Payday Loans in Eufaula, AL, Guaranteed Loans in Florence, AL and Payday Loan Without a Credit Check 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 Kent, AL.

Are Payday Loans Legal In Kent, 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

Kent, AL payday loan calculator

Payday loans are a type of short-term borrowing that can help individuals cover unexpected expenses or bills they may not have the funds for. In Kent, Alabama, payday loans are legal and available to residents who meet certain requirements.

How to Obtain a Payday Loan in Kent, Alabama

In order to obtain a payday loan in Kent, Alabama, individuals must meet the following criteria:

  • Be at least 18 years old and a U.S. citizen or permanent resident
  • Provide proof of income, such as a recent paystub or bank statement
  • Provide a valid form of identification, such as a driver’s license or passport
  • Have an active checking account that is in good standing

If these criteria are met, individuals can begin the process of applying for a payday loan. This typically involves filling out an application online or in person at a storefront location. The lender will then review the application and may ask for additional information, such as proof of employment or residency, before making a decision on whether to approve the loan.

What to Consider Before Applying

While payday loans can be a good option for individuals who need funds quickly, there are several things to consider before applying. First and foremost, payday loans often come with high interest rates and fees, which can add up quickly if the loan is not paid back on time.

In addition, payday loans are meant to be short-term solutions and should not be used as a long-term financial strategy. Borrowers should carefully consider their ability to repay the loan on time before taking out a payday loan.

Facts and Statistics About Payday Loans in Kent, Alabama

  • As of 2020, there were over 1,000 payday lending storefronts in Alabama.
  • The average payday loan in Alabama is $300, with an average term of 14 days.
  • According to a report by the Alabama State Banking Department, the average annual percentage rate (APR) for payday loans in Alabama is 456%.
  • Approximately 18% of Alabamians have used payday loans in the past, according to a report by the Pew Charitable Trusts.

It’s important to note that these statistics are for the state of Alabama as a whole and may not accurately reflect the payday loan industry in Kent specifically. Borrowers should research lenders in their area and carefully review all loan terms and fees before agreeing to a payday loan.

Apply Now!

If you are considering a payday loan in Kent, Alabama, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application to get started. Please note that TheGuaranteedLoans is a connector service and not a direct lender, and we do not make credit decisions.

Conclusion

Payday loans can be a helpful tool for individuals who need funds quickly, but borrowers should carefully consider the terms and fees of the loan before applying. In addition, payday loans should not be used as a long-term financial strategy. By working with a trusted connector service like TheGuaranteedLoans, borrowers can find potential lenders and access funds when they need them most.

F.A.Q.

Is it legal to take out a payday loan in Kent, Alabama?

Yes, payday loans are legal in Kent, Alabama.

How much can I borrow with a payday loan in Kent, Alabama?

in Kent, Alabama, the maximum amount that you can borrow with a payday loan is $500.