Payday Loans in Logan, Alabama

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

Company nameAddressZip codePhone number
Check Into Cash 1515-M, 2nd Ave, Opelika, AL 36801 +1 (334) 737 - 1459
World Finance 216 Walker Springs Rd Ste 106, Jackson, AL 36545 +1 (251) 246 - 9797
Discount Title Loans 14200 US-231, Hazel Green, AL 35750
Security Finance 603 Western Bypass, Andalusia, AL 36420 +1 (334) 222 - 4380
Complete Cash 37 Golfview Dr, Arab, AL 35016
Money Outlet Inc 2363 AL-202, Anniston, AL 36201
Speedy Cash 4298 University Dr NW, Huntsville, AL 35816
BankFirst 309 Main St, Bear Creek, AL 35543 +1 (205) 486 - 2222
World Finance 2412 N Broad St, Selma, AL 36701 +1 (334) 875 - 5656
Check Into Cash 105 Mimosa Street, Suites A & B, Evergreen, AL 36401

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Logan, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Alabaster, AL, Payday Loan Companies in Albertville, AL, 24-Hour Loan in Anniston, AL, Payday Loans in Athens, AL, Payday Loans in Atmore, AL, Same Day Loans in Auburn, AL, Guaranteed Loans in Bessemer, AL and 24-Hour Loan in Birmingham, 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 Logan, AL.

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

35098

Are Payday Loans Legal In Logan, 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

Logan, AL payday loan calculator

Payday Loans in Logan, Alabama

If you’re in need of quick cash to tide you over until your next paycheck, you may be considering a payday loan. These loans are short-term, small-dollar loans that are typically paid back on the borrower’s next payday. In Logan, Alabama, payday loans are legal and available to those who meet certain eligibility requirements.

How Payday Loans Work in Logan, Alabama

Payday loans in Logan, Alabama are regulated by the Alabama State Banking Department. To qualify for a payday loan, borrowers must be at least 18 years old, have a checking account, and show proof of income. The maximum loan amount is $500 and the maximum loan term is 31 days.

When a borrower applies for a payday loan, they typically provide a post-dated check for the full loan amount plus fees or authorize the lender to withdraw the funds from their bank account on the due date. Fees for payday loans in Logan, Alabama are capped at 17.5% of the loan amount. This means that if a borrower takes out a $100 payday loan, they will pay a maximum fee of $17.50.

It’s important to note that payday loans are intended to be used for short-term financial emergencies and should not be relied on as a long-term solution to financial problems. Borrowers who use payday loans should make sure they can repay the loan on time and in full to avoid additional fees and worsening financial circumstances.

The Pros and Cons of Payday Loans

Before deciding to take out a payday loan, it’s important to weigh the pros and cons. The main advantage of a payday loan is that it can provide quick cash, often within just a few hours, to cover unexpected expenses or bills. Payday loans also typically have less stringent credit requirements than traditional loans, making them an option for those with poor or no credit.

However, there are also several disadvantages to payday loans. Payday loans often come with high fees and interest rates, making them an expensive way to borrow money. Additionally, borrowing money with a payday loan can lead to a cycle of debt if the borrower is unable to repay the loan on time.

Interesting Facts About Payday Loans in Logan, Alabama

  • Alabama has the highest concentration of payday loan storefronts per capita in the United States.
  • The average payday loan borrower in Alabama takes out eight loans per year, spending an average of 32 days in debt.
  • Payday lenders in Alabama are allowed to charge up to 456% APR on a 14-day $100 loan.

Apply Now for a Payday Loan in Logan, Alabama

If you’re in need of a payday loan in Logan, Alabama, TheGuaranteedLoans can help. As a connector service, we work with a network of trusted lenders to provide borrowers with a simple and streamlined application process. To apply for a payday loan, simply fill out our online application form and we’ll match you with potential lenders who may be able to offer you a loan. Remember, payday loans are intended to be used for short-term emergencies and should not be relied on as a long-term financial solution.

F.A.Q.

What are the fees and interest charges associated with payday loans in Logan, Alabama?

The fees and interest charges associated with payday loans in Logan, Alabama are regulated by state law. Lenders are limited in the amount of fees and interest they can charge on payday loans, and these charges are typically expressed as a percentage of the amount borrowed. For example, a lender may charge a fee of $15 for every $100 borrowed.

Can I renew or rollover my payday loan in Logan, Alabama?

No, payday loans in Logan, Alabama cannot be renewed or rolled over. Borrowers are only allowed to take out one payday loan at a time, and once the loan is repaid, they cannot take out another loan until they have waited at least seven days.