Payday Loans in Paint Rock, Alabama

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

Company nameAddressZip codePhone number
Cash Max 918 Allison-Bonnett Memorial Dr, Bessemer, AL 35023
Security Finance 14923 AL-59 b, Foley, AL 36535 +1 (251) 970 - 3777
Advance America 3922 Hwy 80 West C, Phenix City, AL 36870
Fast Cash 180 Main St W, Rainsville, AL 35986
MoneyGram inside Advance America 155 Plaza Ln, Oxford, AL 36203 +1 (256) 831 - 7730
Freeman Jewelry & Pawn 209 W Martin Luther King Hwy, Tuskegee, AL 36083
World Finance Corporation 3418 20th Ave j, Valley, AL 36854
Nations Quick Cash 1836 College Ave Suite C, Jackson, AL 36545
PRNDL AUTO GROUP 776-780 Springfield Ave, Irvington, New Jersey +1 (973) 416 - 1100
Advance America 547 US Hwy. 80 W, Demopolis, AL 36732

Payday Loan Companies in Nearby Cities

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

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

35764

Are Payday Loans Legal In Paint Rock, 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

Paint Rock, AL payday loan calculator

Everything You Need to Know About Payday Loans in Paint Rock, Alabama

Payday loans are a type of short-term loan that can serve as a bridge when you need quick cash. In Paint Rock, Alabama, payday loans are legal, and there are many reasons why someone might need one.

How Do Payday Loans Work?

Payday loans are called that because they’re typically due on the borrower’s next payday. They’re also known as cash advances and are typically small loans that are paid back with high-interest rates.

Lenders usually require proof of income, a valid ID, and a bank account to approve a loan. The loan amount and fees will vary depending on the lender and your creditworthiness, but they’re generally around $500 or less.

Why Take Out a Payday Loan?

Payday loans can be appealing because they’re relatively easy to get and can provide fast cash when you need it most. Some borrowers use them to pay unexpected bills, make ends meet between paychecks, or cover emergencies like car repairs or medical bills.

However, payday loans can also be risky and come with high fees and interest rates. It’s important to understand the terms of the loan and make sure you can pay it back on time before taking one out.

What Are the Risks of Payday Loans?

The high fees and interest rates associated with payday loans can make them a risky choice for borrowers. If you can’t pay the loan back on time, you could rack up more fees and interest, making it even harder to pay off the loan.

Some payday lenders may also engage in predatory practices, such as rolling over loans to extend the repayment period, which can result in even more fees and interest.

It’s important to read and understand the terms of the loan before you take it out and make sure you can pay it back in full and on time.

All You Need to Know About Payday Loans in Paint Rock, Alabama

In the state of Alabama, payday loans are legal, although they are strictly regulated. Alabama law limits the amount you can borrow to $500, and the loan term can’t be longer than 31 days. The maximum allowable finance charge on a 14-day, $100 loan is $17.50. For a 31-day, $100 loan, the maximum finance charge is $30.

Before taking out a payday loan in Alabama, be sure to understand the state’s lending laws and regulations. If you have questions or concerns, contact The Alabama State Banking Department or a qualified financial advisor.

Apply Now!

Are you in need of a payday loan in Paint Rock, Alabama? Look no further than TheGuaranteedLoans. We connect borrowers with potential lenders, making it easy to find the right loan for your needs. Simply fill out our online application to get started today.

Remember, we are not a direct lender; we are a connector service. We will put you in touch with lenders who can offer you the loan you need. However, we highly recommend that you read and understand the terms of any loan before you accept it.

Interesting Facts and Statistics About Payday Loans in Paint Rock, Alabama

  • Alabama has some of the most permissive payday loan policies in the country, with lenders allowed to charge up to 456% APR on a typical 14-day loan.
  • According to a 2019 report from the Alabama Appleseed Center for Law and Justice, Alabama borrowers paid more than $156 million in fees to payday lenders in 2018.
  • The average payday loan borrower in Alabama takes out eight loans per year.
  • Approximately 18,000 payday loans are taken out each week in Alabama.
  • Payday loans are most frequently used in Alabama for car repairs (29% of borrowers) and medical expenses (16% of borrowers).

The Bottom Line

Payday loans can be a useful resource for people who need quick cash, but they can also be risky and expensive. It’s important to read and understand the terms of the loan before you take it out and make sure you can pay it back in full and on time. If you’re considering a payday loan in Paint Rock, Alabama, contact TheGuaranteedLoans today to get started.

F.A.Q.

What are payday loans in Paint Rock, Alabama?

Payday loans in Paint Rock, Alabama are short-term, high-interest loans that are designed to be repaid on the borrower's next payday. These loans are often used to cover unexpected expenses or to bridge the gap between paychecks.

How do payday loans in Paint Rock, Alabama work?

To take out a payday loan in Paint Rock, Alabama, a borrower typically writes a check for the amount of the loan plus a fee, which the lender holds until the borrower's next payday. On that date, the borrower has the option to either repay the loan in full, including the fee, or roll the loan over for another term by paying only the fee.