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

Company nameAddressZip codePhone number
Always Money 1803B University Dr NW, Huntsville, AL 35801
Wells Fargo Bank 402 W Collier St, Elba, AL 36323 +1 (334) 897 - 2291
First State Bank Of The South 5856 US-278, Sulligent, AL 35586 +1 (205) 698 - 8116
BB&T 3202 20th Ave, Valley, AL 36854 +1 (334) 768 - 3456
Always Money 2000 Marvyn Pkwy #1, Opelika, AL 36804
1st Franklin Financial 18440 Lillian Drive Suite B, Robertsdale, AL 36567 +1 (251) 947 - 4036
One Stop Cash 600 Boll Weevil Cir # 6, Enterprise, AL 36330
Security Finance 1 Sunflower Ct, Centre, AL 35960
Bank Trust 1411 Gilmer Ave, Tallassee, AL 36078 +1 (334) 252 - 0462
Southern Bank Co 390 W Main St, Centre, AL 35960 +1 (256) 927 - 5588

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Perote, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Prichard, AL, 24-Hour Loan in Sylacauga, AL, Payday Loans in Talladega, AL, Payday Loan Without a Credit Check in Troy, AL, Guaranteed Loans in Trussville, AL, Payday Loans in Tuscaloosa, AL, Online Loans in Valley, AL and Payday Loan Without a Credit Check 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 Perote, AL.

Are Payday Loans Legal In Perote, 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

Perote, AL payday loan calculator

Payday Loans in Perote, Alabama – What You Need to Know

It’s no secret that we all have unexpected expenses that crop up. Sometimes, our salaries can’t cover everything, and we need some extra cash to bridge the gap. Payday loans can help us tide over until the next pay cycle.

Payday loans are a type of short-term loan that is typically due within 14 days or on your next payday. These loans are quick and easy to obtain, making them an attractive option for many people. However, it’s crucial to understand the details of payday loans before taking one out.

The Legality of Payday Loans in Alabama

First and foremost, it’s important to note that payday loans are legal in Alabama. In fact, the state has specific regulations in place to govern payday lending. These regulations are designed to protect both lenders and borrowers.

While payday loans are legal in Alabama, there are limits to the amount you can borrow. The maximum payday loan amount in Alabama is $500. Additionally, lenders are allowed to charge up to 17.5% of the loan amount as a finance charge.

What You Need to Qualify for a Payday Loan

The requirements to qualify for a payday loan in Alabama are relatively straightforward. To be eligible for a payday loan, you must:

  • Be at least 19 years old
  • Be a resident of Alabama
  • Have a job or a regular source of income
  • Have an active checking account
  • Have a valid email address and phone number

If you meet these qualifications, you may be able to obtain a payday loan. However, it’s important to note that approval is not guaranteed. Lenders will review your application and consider factors such as your income and credit history to determine whether or not to approve your loan.

What to Consider Before Taking Out a Payday Loan

While payday loans can be helpful in certain situations, they’re not right for everyone. Before taking out a payday loan, consider the following:

  • How much will the loan cost you in total?
  • Can you afford to repay the loan by the due date?
  • What are the consequences if you can’t repay the loan on time?
  • Are there other options available to you, such as a personal loan or credit card?

It’s crucial to understand the costs associated with payday loans. As mentioned earlier, lenders can charge up to 17.5% of the loan amount as a finance charge. Additionally, there may be other fees associated with the loan, such as application fees or late fees.

If you’re unable to repay the loan on time, the lender may charge additional fees and interest, which can quickly add up. In some cases, the lender may even turn your debt over to a collection agency, which can have a negative impact on your credit score.

Interesting Facts and Statistics about Payday Loans in Perote, Alabama

  • The average payday loan amount in Alabama is $350
  • Approximately 10% of Alabamians have taken out a payday loan
  • Alabama has the highest concentration of payday lenders per capita in the country
  • Payday loan borrowers in Alabama typically take out an average of 8 loans per year

Apply Now

If you’re considering a payday loan in Perote, Alabama, TheGuaranteedLoans can connect you with potential lenders. Simply fill out our online application, and we’ll match you with lenders who may be able to meet your needs. It’s important to remember that TheGuaranteedLoans is not a direct lender, and we do not make lending decisions. However, by filling out our application, you may be able to connect with lenders who can provide you with the funds you need to bridge the gap until your next payday.

Remember, a payday loan can help you in a financial pinch, but it’s crucial to understand the costs associated with these loans. Before taking out a payday loan, consider your options carefully and make sure you can afford to repay the loan on time.

F.A.Q.

What is a payday loan in Perote, Alabama?

A payday loan in Perote, Alabama is a short-term loan that is designed to provide borrowers with quick access to cash. These loans are typically small in size, with most ranging from $100 to $500, and are meant to be repaid within a few weeks, usually on the borrower's next payday.

Are payday loans legal in Perote, Alabama?

Yes, payday loans are legal in the state of Alabama. However, the state has strict regulations in place to protect borrowers from predatory lending practices.