Payday Loans in Madison, Alabama

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

Payday Loan Companies in Madison, AL

Company nameAddressZip codePhone number
Advance America 8572 Madison Blvd p 35758
Advance America 7985 Hwy 72 W Ste. #6 35758
Approved Cash 3721 Sullivan St Suite B 35758
Approved Cash 3721 Sullivan St Suite B Suite B 35758 +1 (256) 461 - 8322
Avadian Credit Union 8566 Madison Blvd 35758
Cash Connection 8760 Madison Blvd 35758
Check 'n Go 97 Hughes Rd f 35758
Check Into Cash 8572 Madison Blvd, Suite K-2 35758
Check n Go 97 Hughes Rd Ste F 35758 +1 (256) 772 - 5394
Covington Credit 8498 Madison Blvd #1 35758
Covington Credit 8498 Madison Blvd i 35758 +1 (256) 850 - 4858
Loan Master 3705 Sullivan St 35758 +1 (256) 464 - 5350
Title Cash 3705 Sullivan St 35758
TitleMax Title Loans 8591 Madison Blvd 35758
Tower Loan 3810 Sullivan St N 35758
Tower Loan 3810 Sullivan St Suite B 35758 +1 (256) 258 - 7820

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Madison, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Mobile, AL, Payday Loans in Montgomery, AL, Payday Loans in Mountain Brook, AL, Payday Loans in Northport, AL, Payday Loan Without a Credit Check in Opelika, AL, Guaranteed Loans in Oxford, AL, Guaranteed Loans in Pelham, AL and Bad Credit Loans in Pell City, 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 Madison, AL.

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

35758, 35756, 35757

Are Payday Loans Legal In Madison, 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

Madison, AL payday loan calculator

Payday Loans in Madison, Alabama

Payday loans in Alabama have been helping residents of Alabama make ends meet for years. Payday loans in Madison, Alabama offer short-term solutions to financial shortfalls, with fees and interest rates that vary from lender to lender. Before jumping into a payday loan, it is important to understand how they work, the fees associated with them, and the potential risks involved.

What are Payday Loans?

Payday loans are short-term loans that are intended to bridge the gap between paychecks. They are typically used to cover unexpected expenses, like car repairs or medical bills, that can’t be paid with a savings account, credit card, or other means. Loans range from $100 to $1,000, with repayment periods of one to six months. The borrower is required to write a postdated check to the lender, which will be held until the loan is due.

Are Payday Loans Legal in Alabama?

Yes, payday loans are legal in Alabama. In 2006, the Alabama Legislature passed the Alabama Small Loan Act, which established the framework for payday lending in the state. This law set the maximum amount that could be borrowed, the amount of interest and fees that could be charged, and the duration of loans.

Payday Loan Regulations in Madison, Alabama

In Madison, Alabama, payday lenders are bound by the same laws that govern payday loans statewide. However, each lender is responsible for setting its own interest rates and fees, so it’s important to shop around to get the best deal.

The maximum loan amount in Madison is $500, and the repayment period is one month. All loans must be repaid in full and on time, or they will be subject to a 10% penalty and additional fees.

What are the Costs of Payday Loans in Madison?

The cost of payday loans in Madison depends on the lender and the borrower’s credit history. Generally, the APR (annual percentage rate) on a payday loan in Madison ranges from 200% to 400%, according to the Alabama State Banking Department. This means that a loan of $100 would cost $20 to $40 in fees, depending on the lender.

What are the Risks of Payday Loans?

Payday loans can help in an emergency, but they come with a high cost and potential risks. Borrowers who are unable to repay their loans on time are subject to penalty fees, and can quickly find themselves in a cycle of debt. Additionally, payday lenders often take advantage of the borrower’s lack of knowledge about their rights and responsibilities, charging excessive fees and interest rates.

Alternatives to Payday Loans in Madison

Before taking out a payday loan, consider seeking other types of short-term financing, such as:

  • Credit union loans: Many credit unions offer short-term loans with no fees or lower interest rates than payday loans.
  • Personal loans: Personal loans typically have longer repayment periods and lower interest rates than payday loans.
  • Government assistance: In some cases, qualified individuals may be able to get assistance from the government to help them with their financial situation.

Apply Now

If you’re looking for a quick solution to a financial shortfall, theGuaranteedLoans.com can help. We are not a lender, but we can connect you with lenders who offer payday loans in Madison, Alabama. Fill out our online application and we’ll do the rest!

F.A.Q.

  • What is the maximum loan amount in Madison, Alabama? The maximum loan amount in Madison is $500.
  • What is the repayment period for a payday loan? The repayment period for a payday loan in Madison is one month.
  • Are payday loans legal in Alabama? Yes, payday loans are legal in Alabama.

Summary

Payday loans in Madison, Alabama can be a solution to financial shortfalls, but they come with expensive fees and interest rates, and they can be difficult to pay back on time. Alternatives such as credit unions, personal loans, and government assistance should be explored before taking out a payday loan. TheGuaranteedLoans.com can help connect you with lenders who offer payday loans in Madison, Alabama. Fill out our application today and we’ll take care of the rest!

More F.A.Q.

What is the interest rate on a payday loan in Madison, Alabama?

The interest rate on a payday loan in Madison, Alabama is 456% APR.

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

Yes, there are finance charges associated with payday loans in Madison, Alabama. The finance charge is 17.5% of the amount advanced.

How Many Cash Advance Companies are in Madison, AL?

With the help of our service, you will be able to find 16 cash advance companies in Madison, AL

What Cash Advance Companies in Madison, AL are the most popular?

You should check Advance America, Approved Cash, and Check 'n Go. Also, you can start your application online on our website.