Payday Loans in Orrville, 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 Orrville, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
1st Franklin Financial 428 N Carlisle St Suite D, Albertville, AL 35950
Opelika Finance 1721 Pepperell Pkwy, Opelika, AL 36801 +1 (334) 745 - 2600
Check n Go 15046 Hwy 43 B, Russellville, AL 35653 +1 (256) 331 - 1819
Walmart Money Center 34301 Highway 43, Thomasville, AL 36784 +1 (334) 636 - 0219
Superior Financial Services 1841 2nd Ave, Jasper, AL 35501
Security Finance 2085 Florence Blvd, Florence, AL 35630 +1 (256) 764 - 3802
Alabama Title Loans, Inc. 31611 US-43, Thomasville, AL 36784
1st Franklin Financial 1113 US Hwy 231 S, Suite B, Troy, AL 36081
Advance America 2619 W Meighan Blvd, Gadsden, AL 35904
Chattahoochee Federal Credit Union 519 Fob James Dr, Valley, AL 36854

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Orrville, AL, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Mountain Brook, AL, No Credit Check Loans in Northport, AL, Payday Loans in Opelika, AL, Payday Loan Companies in Oxford, AL, Payday Loans in Pelham, AL, Quick Loan in Pell City, AL, Bad Credit Loans in Phenix City, AL and Quick Loan in Prattville, 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 Orrville, AL.

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

36767

Are Payday Loans Legal In Orrville, 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

Orrville, AL payday loan calculator

Payday Loans in Orrville, Alabama: How They Work and What You Need to Know

Payday loans are a type of short-term loan designed to help individuals facing unexpected financial emergencies. These loans are typically small and meant to be repaid quickly, often by the borrower’s next payday. Payday loans are legal in Alabama, with certain regulations in place to protect consumers.

How Payday Loans Work

Payday loans are relatively easy to obtain, with many lenders providing fast and convenient online applications. The borrower must provide proof of income, identification, and a checking account in good standing. After the lender verifies this information, they will determine the loan amount and terms.

Typically, payday loans are due on the borrower’s next payday, usually within two weeks. The repayment amount includes the principal loan amount plus any fees or interest charged by the lender. If the borrower is unable to repay the loan, they may be able to renew it for an additional fee.

Regulations for Payday Loans in Orrville, Alabama

While payday loans are legal in Alabama, there are certain regulations in place to protect consumers. The Alabama State Banking Department oversees licensing and regulation for payday lenders in the state.

According to Alabama law, the maximum amount a borrower can receive in a payday loan is $500. The maximum fee a lender can charge for a payday loan is 17.5% of the loan amount. This means that for a $100 loan, the maximum fee a lender can charge is $17.50. The maximum APR for payday loans is 456.25%.

Alabama law also requires lenders to provide borrowers with a written contract outlining the terms and conditions of the loan. This contract must include the loan amount, fees and interest charged, the repayment date, and any other relevant information.

Benefits and Risks of Payday Loans

Payday loans can provide quick access to cash for individuals facing unexpected expenses or financial emergencies. However, there are also risks involved with these loans.

One of the main risks of payday loans is the high cost of borrowing. The fees and interest charged by payday lenders can be significantly higher than other types of loans. This can make it difficult for borrowers to repay the loan and can lead to a cycle of debt.

Another risk of payday loans is the potential for fraud and scams. Some lenders may try to take advantage of borrowers by charging excessive fees or requiring repayment before the due date.

Despite these risks, payday loans can be beneficial for individuals who need quick access to cash and are able to repay the loan on time. It is important for borrowers to carefully consider the terms and conditions of the loan before agreeing to it.

Interesting Facts and Statistics about Payday Loans in Orrville, Alabama

  • There are more than 1,000 payday lenders operating in Alabama.
  • Alabama has one of the highest concentrations of payday lenders in the United States.
  • In 2019, Alabama borrowers took out more than 2.4 million payday loans, with the average amount borrowed being $348.
  • The average APR for payday loans in Alabama is 300%.

Apply Now for a Payday Loan in Orrville, Alabama

If you are facing an unexpected financial emergency and need quick access to cash, consider applying for a payday loan through TheGuaranteedLoans. We are a connector service that can help you connect with potential lenders who may be able to provide you with the funds you need.

Please note that we are not a direct lender and do not make lending decisions. Our service is completely free to use, and we only work with lenders who follow all state and federal regulations. If you are approved for a loan, you will be contacted by a lender who will provide you with the loan terms and conditions.

Don’t let unexpected expenses or financial emergencies leave you without the cash you need. Apply now for a payday loan through TheGuaranteedLoans and get the financial support you need.

F.A.Q.

What should I do if I can't repay my payday loan in Orrville, Alabama?

If you are unable to repay your payday loan in Orrville, Alabama, it is important to contact your lender as soon as possible to discuss your options. Depending on the lender and your individual circumstances, you may be able to negotiate a repayment plan or extend the due date of your loan. It is important to avoid defaulting on your loan, as this can have serious consequences, including damage to your credit score and potential legal action.

Are there any restrictions on the number of payday loans I can take out in Orrville, Alabama?

Yes, there are restrictions on the number of payday loans that a borrower can take out in Orrville, Alabama. Borrowers are only allowed to take out one payday loan at a time, and they must wait at least seven days before taking out another loan.