Payday Loans in Pinckard, Alabama

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

Company nameAddressZip codePhone number
Bank of Carbon Hill 31900 1st Ave NW, Carbon Hill, AL 35549 +1 (205) 924 - 4471
Cheaha Bank LLC 120 Big Valley Dr, Alexandria, AL 36250 +1 (256) 847 - 8802
Alabama Ag Credit 921 US-80, Demopolis, AL 36732
Always Money 12993 Wintzell Ave # B, Bayou La Batre, AL 36509
First National Bank 17871 AL-18 E, Berry, AL 35546 +1 (205) 689 - 4552
First State Bank of the South 1836 US-43, Winfield, AL 35594 +1 (205) 487 - 8888
Regional Finance 1225 Snow St Suite 4, Oxford, AL 36203 +1 (256) 835 - 1374
Regions Bank 4100 Orange Beach Blvd, Orange Beach, AL 36561 +1 (251) 213 - 2240
State Loan & Finance Corporation 3544 US-431 suite d, Phenix City, AL 36867 +1 (334) 297 - 1358
TitleMax Title Loans 1211 US Hwy 231 South, Troy, AL 36081 +1 (334) 566 - 8644

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pinckard, 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, Payday Loans in Decatur, AL, Payday Loan Companies in Dothan, AL, Payday Loan Without a Credit Check 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 Pinckard, AL.

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

36371

Are Payday Loans Legal In Pinckard, 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

Pinckard, AL payday loan calculator

Understanding Payday Loans in Pinckard, Alabama

When it comes to securing a quick infusion of cash, few options are as widely available as payday loans. In the state of Alabama, payday loans are legal and are a popular option for people who need money quickly. If you live in Pinckard, Alabama, and are considering a payday loan, it’s important to understand the ins and outs of these loans before you make a decision.

How Payday Loans Work

Payday loans, also known as cash advances, are short-term loans designed to give borrowers quick access to funds. Applicants typically must provide proof of employment and a regular income, along with a valid checking account. While some loans may require a credit check, many offer cash to those with bad credit or no credit.

Unlike traditional loans, which require monthly payments over several years, payday loans are due in full at the end of the borrower’s next pay period. Interest rates on payday loans tend to be high, making them a more expensive option than other forms of credit. Additionally, loan fees and penalties for late payments can add up, making it difficult for borrowers to repay the loan.

Alabama Payday Loan Regulations:

Payday lending is legal in Alabama, but there are state regulations in place to protect borrowers. According to Alabama state law, lenders cannot issue payday loans of more than $500. Additionally, the maximum term for a payday loan in Alabama is 31 days, and lenders can only charge fees of up to 17.5% of the loan amount.

It’s important to note that while payday loans are legal in Alabama, they are also controversial. Critics of payday lending argue that the fees and high interest rates associated with these loans can trap borrowers in cycles of debt. Advocates for payday lending, on the other hand, argue that these loans provide a much-needed service for people who are struggling to make ends meet.

Benefits of Payday Loans

  • Payday loans provide quick access to cash when you need it most.
  • Bad credit or no credit does not disqualify you from applying for a payday loan.
  • Payday loans can be a helpful resource for those who need to make emergency payments.

Drawbacks of Payday Loans

  • The high interest rates and fees associated with payday loans can make them a very expensive form of credit.
  • Many borrowers have trouble repaying their payday loans, leading to additional fees and penalties.
  • Payday loans can be used to address short-term financial issues, but they should not be relied on as a long-term solution to financial problems.

Interesting Facts and Statistics about Payday Loans in Pinckard, Alabama

  • The average payday loan in Alabama is $350.
  • In 2019, 1.7 million payday loans were taken out in Alabama, with borrowers paying a total of $160 million in fees and interest.
  • The average interest rate on a payday loan in Alabama is 456% APR.
  • Alabama has more payday lending storefronts per capita than any other state in the US, with a total of over 1,000 storefronts.

Apply Now

If you live in Pinckard, Alabama, and are considering a payday loan, TheGuaranteedLoans can help you find a lender that is right for you. Our service is designed to connect borrowers with potential lenders quickly and easily. Simply fill out our online application, and we’ll connect you with lenders who may be able to offer you a loan. Remember, TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of reputable lenders, and we do not charge any fees for our services. Apply now and get the cash you need quickly and safely!

F.A.Q.

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

If you are unable to repay your payday loan in Pinckard, 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 Pinckard, Alabama?

Yes, there are restrictions on the number of payday loans that a borrower can take out in Pinckard, 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.