Payday Loans in Vandiver, Alabama

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

Company nameAddressZip codePhone number
Cash Outlet 17063 AL-75, Henagar, AL 35978
Advance America 1906 Glenn Blvd SW #800, Fort Payne, AL 35968
Cash Express 1703 14th St, Phenix City, AL 36867 +1 (334) 298 - 9293
Alabama One Credit Union 194 Reform St, Carrollton, AL 35447 +1 (205) 367 - 2261
Express Check Advance 4405 N College Ave b, Jackson, AL 36545
Local Finance and Tax Service of Pell City 311 Martin St N, Pell City, AL 35125 +1 (205) 338 - 7514
Anderson & Associates 211 E Coats Ave, Linden, AL 36748 +1 (334) 295 - 5690
Express Loans of America Market St, Centreville, AL 35042
B & B Check Cashing 887 Cox Creek Pkwy, Florence, AL 35630 +1 (256) 766 - 1211
First Southern Financial Inc. 1307, Hartselle, AL 35640 +1 (256) 751 - 9909

Payday Loan Companies in Nearby Cities

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

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

35176

Are Payday Loans Legal In Vandiver, 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

Vandiver, AL payday loan calculator

Understanding Payday Loans in Vandiver, Alabama

For many people in Vandiver, Alabama, unexpected expenses can quickly turn into a financial nightmare. Medical emergencies, car repairs, and other unforeseen costs can add up quickly, leaving individuals struggling to make ends meet. In situations like these, payday loans can be a lifeline. While payday loans are legal in Alabama, it’s important to understand how they work and the risks involved.

What is a Payday Loan?

A payday loan is a small, short-term loan that is typically repaid on the borrower’s next payday. In Alabama, the maximum amount you can borrow is $500, and the loan term cannot exceed 31 days. To obtain a payday loan, borrowers must provide proof of income, a valid ID, and a checking account. The lender will hold a post-dated check or access to the borrower’s checking account as collateral.

The Pros and Cons of Payday Loans

Payday loans can provide much-needed financial relief to those in need, but they also come with risks. Here are some of the pros and cons of payday loans:

Pros:

  • Quick and easy to obtain
  • No credit check required
  • No collateral required
  • Can be used for any purpose

Cons:

  • High interest rates and fees
  • Short repayment period
  • Can lead to a cycle of debt
  • May result in overdraft fees if the borrower’s checking account does not have sufficient funds

Facts and Statistics About Payday Loans in Vandiver, Alabama

Here are some interesting facts and statistics about payday loans in Vandiver, Alabama:

  • The average payday loan amount in Alabama is $350.
  • The average payday loan interest rate in Alabama is 456% APR.
  • Alabama has the highest concentration of payday lenders in the country.
  • Many payday loan borrowers in Alabama have limited financial literacy or credit history, making them vulnerable to predatory lending practices.

Apply Now

If you’re considering a payday loan to cover unexpected expenses, TheGuaranteedLoans can help. As a connector service, we can help you find potential lenders who may be able to provide you with the funds you need. Simply fill out our online application, and we’ll match you with lenders who may be able to meet your needs. Remember, payday loans should only be used as a last resort, so be sure to explore all of your options before committing to a loan.

In conclusion, while payday loans can provide quick cash to those in need, they also come with risks. It’s important to be aware of the terms and conditions of any payday loan you are considering, as well as the potential impact on your credit score and overall financial health. If you do decide to take out a payday loan, be sure to do so responsibly and pay it back on time to avoid additional fees and charges.

F.A.Q.

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

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

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