Payday Loans in Mathews, 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.

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

Company nameAddressZip codePhone number
Check Cashing Store 121 Piedmont Hwy # A, Centre, AL 35960 +1 (256) 927 - 9211
Regional Finance 305 E Battle St Suite A, Talladega, AL 35160 +1 (256) 299 - 0026
Covington Credit 1400 9th Ave N, Bessemer, AL 35020 +1 (205) 733 - 4228
Commerce Credit 2600 Mcfarland Blvd E D, Tuscaloosa, AL 35405 +1 (205) 391 - 6920
EZ Finance 1825 13th Ave N, Bessemer, AL 35020 +1 (205) 426 - 8794
Tower Loan 2104 Cogswell Ave, Pell City, AL 35125 +1 (205) 227 - 7590
BB&T 2055 Cherokee Rd, Alexander City, AL 35010 +1 (256) 215 - 5430
Covington Credit 2701 Mall Rd, Florence, AL 35630 +1 (256) 765 - 3771
Homestar Financial Corporation 3164 US-431 Suite 8, Roanoke, AL 36274 +1 (334) 646 - 0220
Title Cash 3006 McClellan Blvd, Anniston, AL 36201 +1 (256) 238 - 1182

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mathews, AL, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Cullman, AL, Same Day Loans in Daphne, AL, Payday Loan Companies in Decatur, AL, Payday Loans in Dothan, AL, Quick Loan in Enterprise, AL, Payday Loans in Eufaula, AL, Payday Loans in Florence, AL and Payday Loans 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 Mathews, AL.

Are Payday Loans Legal In Mathews, 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

Mathews, AL payday loan calculator

Payday Loans in Mathews, Alabama: Everything You Need to Know

If you’re living in Mathews, Alabama, and find yourself in dire need of cash, you’re in luck: Payday loans are legal in Alabama. While payday loans can provide quick access to cash, they can also be a pitfall for those who don’t fully understand the terms of the loan. In this article, we’ll go over everything you need to know about payday loans in Mathews, Alabama.

What are Payday Loans?

Payday loans are typically small-dollar loans, which means that loan amounts are generally below $500. Borrowers must pay back the loan on their next payday. Payday loans offer a convenient way to get quick cash, but because they are high-interest loans, the borrower must be able to repay the loan in full, plus any fees, by their next payday.

Who is Eligible for a Payday Loan in Mathews, Alabama?

Eligibility for a payday loan in Mathews, Alabama is relatively easy, as long as you meet the following requirements:

  • You must be at least 19 years old
  • You must be a U.S. citizen or a legal resident
  • You must be able to prove that you have a steady income
  • You must have a checking account in good standing

If you meet these requirements, you can easily apply for a payday loan in Mathews, Alabama.

Interest Rates and Fees for Payday Loans in Mathews, Alabama

The interest rates and fees for payday loans in Mathews, Alabama are capped by state law. Lenders can charge a maximum of 17.5% of the loan amount as finance charges. For example, if you borrow $100, the lender can charge you up to $17.50 in finance charges. Additionally, lenders can charge up to 3% per month after the loan is in default.

It is important to note that if you cannot repay the loan by your next payday, lenders in Mathews, Alabama are allowed to charge you an additional fee called a rollover fee to extend the loan. This fee can add up quickly and can make the loan even more difficult to repay.

Benefits and Drawbacks of Payday Loans in Mathews, Alabama

Payday loans can be a great option for those who need cash quickly and temporarily. However, there are drawbacks to keep in mind. Here are some benefits and drawbacks:

Benefits:

  • Quick access to cash when you need it most
  • No credit check required
  • Easy to qualify for

Drawbacks:

  • High-interest rates and fees
  • Short repayment terms
  • Potential for rollover fees and other fees
  • Potential for a cycle of debt if the loan is not repaid on time

Interesting Facts and Statistics about Payday Loans in Mathews, Alabama

  • There are approximately 1,000 payday loan stores operating in Alabama.
  • Alabama has the highest payday loan usage rate in the country, with 18.6% of adults having used a payday loan at least once.
  • The average payday loan borrower in Alabama takes out 10 payday loans per year.
  • In 2019, the Alabama Senate passed a bill to cap payday loan interest rates at 36%, but the bill did not pass in the House.

Apply Now for a Payday Loan in Mathews, Alabama

If you meet the above requirements and would like to apply for a payday loan in Mathews, Alabama, simply fill out our online application form on TheGuaranteedLoans website. We will match you with potential lenders in our network who can provide you with the cash you need. Remember, TheGuaranteedLoans is a connector service, not a direct lender. We are here to facilitate your connection with potential lenders.

Apply now and get the cash you need!

F.A.Q.

How do payday loans work in Mathews, Alabama?

To obtain a payday loan in Mathews, Alabama, a borrower must first apply for the loan at a storefront or online lender. The borrower will typically be required to provide proof of income and a valid checking account in order to qualify for the loan. Once the loan is approved, the lender will deposit the funds into the borrower's checking account, and the borrower will be required to repay the loan on their next payday, along with any fees or interest charges.

Are payday loans legal in Mathews, Alabama?

Yes, payday loans are legal in Mathews, Alabama. The state has specific regulations in place that govern the operation of payday lenders, including limits on the amount of the loan, the fees and interest charges that can be charged, and the number of loans a borrower can take out at any given time.