Payday Loans in Kimberly, Alabama

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

Company nameAddressZip codePhone number
Liberty Tax and Loans 24-A N Broadway Ave North, Sylacauga, AL 35150 +1 (256) 245 - 9127
Always Money 2952 Dauphin Island Pkwy, Mobile, AL 36605
Loan South Finance of Enterprise 1110 Boll Weevil Cir, Enterprise, AL 36330 +1 (334) 417 - 0192
Covington Credit 25 Saraland Blvd, Saraland, AL 36571 +1 (251) 679 - 0791
World Finance 535 Military St S Ste 3, Hamilton, AL 35570 +1 (205) 921 - 1254
Title Cash 315 S Memorial Dr, Prattville, AL 36067 +1 (334) 358 - 0036
Check Into Cash 1515-M, 2nd Ave, Opelika, AL 36801 +1 (334) 737 - 1459
Acceptance Loan Company, Inc. 2011 College Ave, Jackson, AL 36545
Traditions Bank 40 H P Blountsville Rd, Holly Pond, AL 35083 +1 (256) 735 - 2154
Listerhill Credit Union 2201 Military St S, Hamilton, AL 35570 +1 (205) 921 - 0042

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Kimberly, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Mountain Brook, AL, Payday Loans in Northport, AL, Payday Loans in Opelika, AL, Payday Loan for Oxford, AL, Payday Loans in Pelham, AL, Payday Loans in Pell City, AL, Emergency Loan 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 Kimberly, AL.

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

35091

Are Payday Loans Legal In Kimberly, 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

Kimberly, AL payday loan calculator

Payday Loans in Kimberly, Alabama: Understanding the Basics

In today’s tough economic times, many working-class people in Kimberly, Alabama, struggle to make ends meet. Despite their best efforts, their finances may not always align with their expenses. Often, people turn to payday loans as a way to bridge the gap between paychecks or to cover unexpected expenses. But what are payday loans, and how do they work in Kimberly, Alabama? We’ll explore the basics in this article.

What are Payday Loans?

A payday loan is a short-term loan designed to help people cover urgent expenses before their next paycheck. Payday loans are typically unsecured and have very high-interest rates and fees. They are also notoriously easy to obtain, often requiring little more than proof of income, a bank account, and a valid government-issued ID.

Payday Loans in Alabama

Payday loans are legal in Alabama, and the state has some of the most permissive payday loan regulations in the United States. In Alabama, payday lenders can charge up to 17.5% of the loan amount as a finance charge. For example, if you borrow $500, you could be charged a fee of up to $87.50.

Pros and Cons of Payday Loans

Pros:

  • Quick and easy to obtain
  • No credit check required
  • No collateral required
  • Can help cover unexpected expenses

Cons:

  • Very high-interest rates and fees
  • Short repayment terms
  • Risk of falling into a debt trap
  • May lead to long-term financial difficulties

Interesting Facts and Statistics about Payday Loans in Kimberly, Alabama

  • Alabama has the highest concentration of payday lenders per capita in the United States, with one payday lender for every 4,061 residents.
  • The average payday loan in Alabama is for $326, and the average finance charge is $56.23.
  • Over 60% of payday loan borrowers in Alabama take out at least 12 payday loans per year.

Apply Now

If you need a payday loan in Kimberly, Alabama, TheGuaranteedLoans can help. We are a trusted connector service that can connect you with a potential lender. Our online application process is fast, secure, and convenient, and you could get approved in minutes. Remember, we are not a direct lender, so make sure you read and understand all loan terms and conditions before accepting any loan offers.

Conclusion

Payday loans can be a lifeline for those who need quick cash to cover unexpected expenses. However, they also come with very high-interest rates and fees and can lead to long-term financial difficulties. If you decide to take out a payday loan, make sure you understand all terms and conditions and have a plan to repay the loan on time. And if you need help finding a payday lender in Kimberly, Alabama, TheGuaranteedLoans is here to help.

F.A.Q.

Are there any fees associated with a payday loan in Kimberly, Alabama?

Yes, there are several fees that may be associated with a payday loan in Kimberly, Alabama. These may include a loan origination fee, a finance charge, and other fees or charges.

Can I renew a payday loan in Kimberly, Alabama?

Yes, you can renew a payday loan in Kimberly, Alabama. However, the law sets limits on the number of times you can renew a payday loan, as well as the fees and interest that can be charged on a renewed loan.