Payday Loans in Malcolm, Alabama

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

Company nameAddressZip codePhone number
Jefferson Financial Federal Credit Union 198 Highland Ave 6220, Selma, AL 36701 +1 (334) 872 - 9096
Advance America 1906 Glenn Blvd SW #800, Fort Payne, AL 35968
Complete Cash 1880 W Main St, Centre, AL 35960
Bank OZK 515 S Commerce St, Geneva, AL 36340 +1 (334) 684 - 2222
Family Security Credit Union 2002 Gunter Ave, Guntersville, AL 35976 +1 (256) 340 - 2000
Gadsden Finance, Inc. 104 E Meighan Blvd, Gadsden, AL 35903
Title Cash 72 Green Springs Hwy, Homewood, AL 35209 +1 (205) 942 - 7841
Tower Loan 714 Hwy 78, Jasper, AL 35501 +1 (205) 385 - 7799
Citizens Finance of Guntersville, Inc. 1904 Gunter Ave, Guntersville, AL 35976 +1 (256) 505 - 0076
American Title Loan 5864 US-90, Theodore, AL 36582

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Malcolm, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Prichard, AL, Online Loans in Sylacauga, AL, Payday Loans in Talladega, AL, No Credit Check Loans in Troy, AL, Payday Loans in Trussville, AL, Same Day Loans in Tuscaloosa, AL, Payday Loans in Valley, AL and Bad Credit Loans in Vestavia Hills, 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 Malcolm, AL.

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

36556

Are Payday Loans Legal In Malcolm, 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

Malcolm, AL payday loan calculator

The Ultimate Guide to Payday Loans in Malcolm, Alabama

In today’s uncertain economic times, many people find themselves in need of quick cash to cover emergency expenses. One option that can help bridge this gap for those in Alabama is payday loans. Let’s take a closer look at payday loans in Malcolm, Alabama, and what you need to know if you’re considering applying for one.

What are Payday Loans?

A payday loan is a type of short-term loan that is designed to be repaid in full with your next paycheck. These loans are typically due for repayment within two to four weeks. Payday loans can be obtained from either a physical store or an online lender. In Alabama, payday loans are legal, but with certain restrictions and regulations in place to protect consumers.

How Do Payday Loans Work in Alabama?

Before applying for a payday loan in Malcolm, Alabama, it’s important to understand how they work and what your options are. Alabama law regulates payday lenders, and there are certain requirements that must be met in order to obtain a payday loan.

  • The maximum amount you can borrow is $500.
  • The maximum term for a payday loan is 31 days.
  • You can only have one payday loan at a time.
  • The maximum finance charge for a payday loan is 17.5% of the loan amount.
  • Lenders are required to provide a written agreement outlining the terms and conditions of the loan.
  • Borrowers have the right to cancel a payday loan within 24 hours without penalty.

Why Choose Payday Loans in Malcolm, Alabama?

There are several reasons why someone might choose to apply for a payday loan in Malcolm, Alabama:

  • They need cash quickly to cover an unexpected expense, such as a medical bill or car repair.
  • They have poor credit or no credit and cannot obtain a traditional loan.
  • They do not have a bank account and need to borrow money.
  • They need a small amount of money and cannot afford to wait for a traditional loan.

If any of these reasons apply to you, then a payday loan might be a good option to consider. However, it’s important to remember that payday loans come with high interest rates and fees, so be sure to carefully consider your options and only borrow what you can afford to pay back.

Applying for a Payday Loan with TheGuaranteedLoans

At TheGuaranteedLoans, we understand that unexpected expenses can be stressful. That’s why we offer a quick and easy way to apply for a payday loan online. We are not a direct lender but rather a connector service that will match you with potential lenders who meet your specific needs.

Our online application process is straightforward and secure. All you need to do is fill out our short form with some basic information, and we’ll connect you with lenders who may be able to help. We work with a network of trusted lenders, and our service is free to use.

Interesting Facts and Statistics About Payday Loans in Alabama

Did you know that:

  • Alabama has one of the highest concentrations of payday lenders in the country, with over 1,000 storefronts throughout the state?
  • In 2020, Alabama lawmakers introduced a bill to cap the interest rates that payday lenders can charge at 36% APR, but the bill did not pass?
  • The average APR for payday loans in Alabama is 456.25%?

In Conclusion

While payday loans in Malcolm, Alabama, can be a convenient option for those in need of quick cash, it’s important to understand the potential risks and fees associated with these loans. Be sure to carefully consider your options and only borrow what you can afford to pay back. If you do decide to apply for a payday loan, consider using a connector service like TheGuaranteedLoans to help match you with potential lenders who meet your needs.

Apply Now

If you’re ready to apply for a payday loan with TheGuaranteedLoans, simply fill out our online application form to get started. Remember, our service is free to use, and we are committed to helping you find the right lender to meet your needs.

F.A.Q.

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

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

Can I renew a payday loan in Malcolm, Alabama?

Yes, you can renew a payday loan in Malcolm, 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.