Payday Loans in Trafford, Alabama

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

Company nameAddressZip codePhone number
1st Franklin Financial 1696 U.S. Hwy 231, Suite A, Ozark, AL 36360
Check Cash Co 242 McCurdy Ave S, Rainsville, AL 35986
Covington Credit 2701 Mall Rd, Florence, AL 35630 +1 (256) 765 - 3771
BB&T Mortgage 457 W Front St, Evergreen, AL 36401
Direct Payday Loans 965 Hwy 80 West, 200, Demopolis, AL 36732 +1 (877) 244 - 8254
First Bank of Alabama 120 North St E, Talladega, AL 35160 +1 (256) 362 - 2334
TitleMax Title Loans 33530, US-43, Thomasville, AL 36784
Security Finance 2085 Florence Blvd, Florence, AL 35630 +1 (256) 764 - 3802
Acceptance Loan Company, Inc. 4 East Court Square, Andalusia, AL 36420
Advance America 108 Saraland Loop Road, Saraland, AL 36571 +1 (251) 679 - 6242

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Trafford, AL, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Alabaster, AL, Payday Loans in Albertville, AL, Payday Loans in Anniston, AL, Payday Loans in Athens, AL, Payday Loans in Atmore, AL, Guaranteed Loans in Auburn, AL, Guaranteed Loans in Bessemer, AL and Payday Loans in Birmingham, 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 Trafford, AL.

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

35172

Are Payday Loans Legal In Trafford, 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

Trafford, AL payday loan calculator

Understanding Payday Loans in Trafford, Alabama

Payday loans offer a fast and convenient solution for those in need of quick money. In Alabama, payday loans are legal, including in Trafford, a small town just outside of Birmingham.

If you’re considering a payday loan in Trafford, Alabama, it’s important to understand the benefits and risks of this type of loan. In this article, we’ll provide you with everything you need to know about payday loans in Trafford, Alabama.

What Are Payday Loans?

Payday loans are short-term loans that typically range from $100 to $1000 and are meant to be repaid within two weeks to a month. These loans are meant to be a quick solution to those who require immediate cash for unexpected expenses, such as medical bills or car repairs.

Payday loans are easier to get than traditional loans because they do not require a credit check. Instead, lenders base their decision on the borrower’s proof of income and employment. This means that if you have poor credit, you can still obtain a payday loan in Trafford, Alabama.

How Do Payday Loans Work?

To obtain a payday loan in Trafford, Alabama, you’ll need to fill out an online application and provide proof of employment and income. Once your application is approved, the lender will transfer the funds to your bank account.

The loan will then need to be repaid within the specified timeframe, typically within two weeks to a month. If you cannot repay the loan by the due date, you may be subject to additional fees and interest charges.

The Benefits of Payday Loans

  • Quick and easy approval process
  • No credit check required
  • Funds can be used for any purpose
  • May be the only option for those with poor credit

The Risks of Payday Loans

  • High interest rates and fees
  • Short repayment period can lead to difficulty in repayment
  • Can lead to a cycle of debt
  • Unregulated lenders may practice predatory lending

Interesting Facts and Statistics about Payday Loans in Trafford, Alabama

  • In a recent study, Alabama was found to have the highest concentration of payday lenders in the country, with 5.8 lenders for every 10,000 people.
  • The average payday loan in Alabama is $322, with an average APR of 456%.
  • Payday loans in Alabama cannot exceed $500.

Apply Now

If you’re in need of a payday loan in Trafford, Alabama, TheGuaranteedLoans can help. We provide a platform that connects borrowers with potential lenders. Our online application process is quick and easy, and we only work with trusted lenders that adhere to state and federal regulations. Fill out our application online to get started today.

Remember, payday loans should only be used for emergency situations and should be repaid promptly. If you’re struggling with debt, contact a financial advisor for guidance on better financial management.

F.A.Q.

What are the eligibility requirements for payday loans in Trafford, Alabama?

To be eligible for a payday loan in Trafford, Alabama, a borrower must have a regular source of income and an active checking account. In addition, the borrower must be at least 18 years old and a resident of Alabama.

How much can I borrow with a payday loan in Trafford, Alabama?

The maximum amount that can be borrowed with a payday loan in Trafford, Alabama is $500.