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

Company nameAddressZip codePhone number
Credit Central 536 W Town Plz, Bessemer, AL 35020 +1 (205) 424 - 0714
First US Bank 305 S Mulberry Ave, Butler, AL 36904 +1 (205) 459 - 3011
BBVA Bank 402 E Laurel St, Scottsboro, AL 35768 +1 (256) 259 - 5757
Security Finance 4880 US Hwy 231, Wetumpka, AL 36092
Turner Automotive Inc 2262 E Main St, Montrose, Colorado +1 (970) 249 - 6691
1st Franklin Financial 201 Chambers Dr Suite A, Bay Minette, AL 36507 +1 (251) 202 - 0513
Bank of Evergreen 146 W Front St, Evergreen, AL 36401 +1 (251) 578 - 2250
1st Franklin Financial 803 Highland Ave Suite D, Selma, AL 36701
BB&T 5826 US-90, Theodore, AL 36582 +1 (251) 654 - 0427
Check Into Cash 27955 Hwy 98, Suite O, Daphne, AL 36526

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shorter, 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 Loan Companies in Decatur, AL, Payday Loan Without a Credit Check in Dothan, AL, Payday Loans in Enterprise, AL, Short-term Loans in Eufaula, AL, Online Loans in Florence, AL and Quick Loan 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 Shorter, AL.

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

36075

Are Payday Loans Legal In Shorter, 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

Shorter, AL payday loan calculator

Payday Loans in Shorter, Alabama: What You Need to Know

If you’re struggling to make ends meet, payday loans can be an option. But before you get one, it’s important to understand the rules and regulations in your state. In Alabama, payday loans are legal, and there are several lenders in Shorter willing to offer short-term loans to those who need them. Here’s what you need to know about payday loans in Shorter, Alabama.

How Do Payday Loans Work?

Payday loans are short-term loans designed to cover unexpected expenses or bills that come up before your next paycheck. They’re usually for small amounts, and they’re paid back when you receive your next paycheck. To get a payday loan, you’ll need to provide proof of income, a valid ID, and a checking account.

When you apply for a payday loan in Shorter, Alabama, the lender will typically approve or deny your application within a few minutes. If you’re approved, you’ll receive the money quickly – usually the same day or the next business day. Typically, the repayment term is 14 days, but it can be as long as 31 days in Alabama.

Payday Loan Fees and Charges

Payday loans can be expensive due to the high interest rates and fees that lenders charge. In Alabama, payday lenders can charge up to 17.5% in interest and a fee of up to 3% of the loan amount. For example, if you borrow $100, the lender can charge you up to $17.50 in interest and up to $3 in fees, making your total repayment amount $120.50.

It’s crucial to read the loan terms and conditions carefully before signing any agreement. If you’re unsure about a lender’s fees and charges, you can also contact the Alabama State Banking Department to verify the lender’s license and to check if there are any complaints against them.

Alabama Payday Loan Regulations

In Alabama, payday lending is legal, but the state has certain rules and regulations to protect customers. For example, the maximum loan amount is $500, and the loan term can be from 10 to 31 days. The lender can charge up to 17.5% in interest and a fee of up to 3% of the loan amount. However, Alabama is one of the few states that doesn’t have a statewide payday loan database to track borrowers’ borrowing history.

It’s worth noting that Alabama also has a cooling-off period, which means that if you’ve taken out five or more payday loans in a 180-day period, the lender must give you a 30-day cooling-off period before you can take out another loan.

Should You Take Out a Payday Loan?

If you’re in a dire financial situation and need cash quickly, payday loans can be an option. However, it’s important to remember that payday loans can be expensive, and it’s easy to get caught in a cycle of debt. Before taking out a payday loan, consider all your options, and make sure you can repay the loan on time.

If you’re struggling with debt or financial hardship, there are resources available to help you. For instance, you can contact the Alabama Department of Financial Institutions for financial advice or seek help from a non-profit credit counseling organization.

Interesting Facts About Payday Loans in Shorter, Alabama

  • Alabama is one of the few states with no database to track payday loans
  • The average payday loan in Alabama is $338
  • Shorter, Alabama, has several payday lenders available for residents
  • Alabama ranks fourth in the country for the highest concentration of payday lenders

Apply Now

Do you need cash quickly? TheGuaranteedLoans is an online connector service that can help connect you with potential lenders in Shorter, Alabama. With our easy online application process, you can get connected with a lender quickly and easily to get the cash you need.

Just remember: TheGuaranteedLoans is not a direct lender. We’re a connector service dedicated to helping borrowers get connected with lenders who can meet their financial needs. We’re committed to responsible lending practices, and we work with a network of lenders who abide by federal and state laws and regulations.

Conclusion

Payday loans in Shorter, Alabama can be a quick way to get cash to cover unexpected expenses. However, it’s important to understand the fees and charges, as well as the regulations that apply to payday lending in Alabama. If you’re considering a payday loan, make sure you can afford to repay the loan on time and explore other options before taking out a loan. And if you need help or advice, don’t hesitate to reach out to a non-profit credit counseling organization or the Alabama Department of Financial Institutions for assistance.

F.A.Q.

Can I take out more than one payday loan at a time in Shorter, Alabama?

No, it is not legal to take out more than one payday loan at a time in Shorter, 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.

Can I take out a payday loan if I already have one outstanding in Shorter, Alabama?

No, it is not legal to take out a payday loan if you already have one outstanding in Shorter, 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.