Payday Loans in Mount Olive, Alabama

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

Company nameAddressZip codePhone number
Tower Loan 2104 Cogswell Ave, Pell City, AL 35125 +1 (205) 227 - 7590
Cash Mart Inc 1003 S Broad St, Scottsboro, AL 35768
Rice Banking Co 2413 N Broad St, Selma, AL 36701
Adam's Title Pawn 1000 N McKenzie St, Foley, AL 36535 +1 (251) 943 - 6666
Easy Money 393 Azalea Rd, Mobile, AL 36609
BBVA Bank 402 E Laurel St, Scottsboro, AL 35768 +1 (256) 259 - 5757
Merchants Bank 103 Main St, Grove Hill, AL 36451 +1 (251) 275 - 3175
Pay Day Cash Advance & Title Loans 910 Fort Dale Rd, Greenville, AL 36037
Q C Financial Services 924 US Hwy 72 E, Athens, AL 35611
Check n Go 15046 Hwy 43 B, Russellville, AL 35653 +1 (256) 331 - 1819

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mount Olive, AL, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Cullman, AL, Payday Loans in Daphne, AL, Payday Loans in Decatur, AL, Payday Loans in Dothan, AL, Emergency Loan in Enterprise, AL, Payday Loans in Eufaula, AL, Payday Loan for Florence, AL and Short-term 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 Mount Olive, AL.

Are Payday Loans Legal In Mount Olive, 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

Mount Olive, AL payday loan calculator

Understanding Payday Loans in Mount Olive, Alabama

In this article, we’ll explore the world of payday loans in Mount Olive, Alabama. We’ll examine what payday loans are, how they work, and what to consider when applying for one. Finally, we’ll take a look at the application process and connect you with a network of lenders through our online application.

What are Payday Loans?

Payday loans are a type of short-term loan that is typically due on your next payday. They are meant to provide a quick solution to unexpected expenses or financial emergencies.

In Alabama, payday loans are legal and regulated by the Alabama State Banking Department. Borrowers can typically borrow up to $500 and are charged a fee of up to 17.5% of the loan amount. The loan term can be as short as 10 days or as long as 31 days.

How Do Payday Loans Work?

When you apply for a payday loan, you’ll typically be asked to provide proof of income, a valid ID, and a checking account. Once you’re approved, the lender will give you the loan amount minus the fees, and you’ll be required to write a post-dated check for the full amount due on your next payday.

If you’re unable to repay the loan on your next payday, you can typically roll over the loan for an additional fee. It’s important to note that rolling over a payday loan can be expensive and can result in a cycle of debt if you’re not careful.

Things to Consider When Applying for a Payday Loan in Mount Olive, Alabama

  • The Interest Rates and Fees: As mentioned earlier, payday loans in Alabama can be charged a fee of up to 17.5% of the loan amount. You should compare these rates among different lenders to get the best deal.
  • Repayment Terms: It’s important to choose a repayment term that you’re comfortable with. Be sure to read the loan agreement carefully to avoid any surprises.
  • Eligibility: Be sure to check the lender’s eligibility requirements to ensure that you qualify for a loan. This may include proof of income, a valid ID, and a checking account.
  • Alternative Options: Consider alternative options such as installment loans, credit cards, or reaching out to local churches or charities for financial assistance.

Interesting Facts About Payday Loans in Mount Olive, Alabama

  • Alabama has one of the lowest maximum payday loan amounts in the country, at just $500.
  • Payday loan borrowers in Alabama are typically charged the highest fees and interest rates in the country, making it one of the least friendly states for payday lending.
  • According to the Alabama State Banking Department, the number of payday loans issued in the state has decreased in recent years due to stricter regulations.

Apply Now for a Payday Loan in Mount Olive, Alabama

If you’re in need of a payday loan in Mount Olive, Alabama, TheGuaranteedLoans can help. We connect borrowers with a network of lenders who specialize in short-term loans. Simply fill out our online application, and we’ll match you with a lender who can provide the funds you need. Keep in mind that TheGuaranteedLoans is a connector service, not a direct lender. We’ll facilitate your connection with potential lenders, but we do not make lending decisions or control the loan terms.

Remember to borrow responsibly and only what you can afford to repay on time. If you have any questions or concerns, our team is here to help. Apply for a payday loan today and get the financial assistance you need.

F.A.Q.

What are the requirements for taking out a payday loan in Mount Olive, Alabama?

To take out a payday loan in Mount Olive, Alabama, you must be at least 18 years old, have a regular source of income, and have a valid checking or savings account.

How do I apply for a payday loan in Mount Olive, Alabama?

To apply for a payday loan in Mount Olive, Alabama, you can either visit a payday lender in person or apply online. In either case, you will need to provide some basic information, such as your personal details, employment information, and bank account information.