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

Company nameAddressZip codePhone number
Cadence Bank - Blountsville Branch 69156 Main St, Blountsville, AL 35031 +1 (205) 429 - 6060
Local Cash Advance of Al 514 Kirkland St # C, Abbeville, AL 36310
William G Golden - CMG Financial Mortgage Loan Officer Loan Officer NMLS 2160 Moores Mill Rd, Auburn, AL 36830 +1 (334) 759 - 6475
Security Finance 14923 AL-59 b, Foley, AL 36535 +1 (251) 970 - 3777
Title Cash 211 US-31, Athens, AL 35611
Southern States Bank 654 Ross St, Heflin, AL 36264 +1 (256) 463 - 2790
Express Check Advance 9964 Grand Bay Wilmer Rd #1, Grand Bay, AL 36541
Check Depot 1751 Pinson Valley Pkwy, Birmingham, AL 35217
Advance America 1850 E Main St, Prattville, AL 36066
Advance America Baldwin Square Shopping Center, 189, Fairhope, AL 36532 +1 (251) 990 - 2564

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wattsville, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Prichard, AL, Same Day Loans in Sylacauga, AL, Emergency Loan in Talladega, AL, No Credit Check Loans in Troy, AL, Short-term Loans in Trussville, AL, Online Loans in Tuscaloosa, AL, Short-term Loans in Valley, AL and Payday Loans 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 Wattsville, AL.

Are Payday Loans Legal In Wattsville, 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

Wattsville, AL payday loan calculator

Overview of Payday Loans in Wattsville, Alabama

Payday loans are short-term, high-interest loans designed to provide quick cash for those in need. While they can be a helpful option in a financial emergency, it’s important to understand their potential drawbacks and to use them responsibly.

In Wattsville, Alabama, payday loans are legal and regulated by the State of Alabama Banking Department. This means that lenders must follow certain rules and regulations, including maximum loan amounts, fees, and interest rates.

How Payday Loans Work in Wattsville, Alabama

Payday loans work by providing borrowers with a cash advance on their next paycheck. Borrowers typically write a post-dated check or authorize an electronic debit for the loan amount plus fees and interest. The lender then holds onto the check or debit until the loan is due, which is typically on the borrower’s next payday.

In Wattsville, Alabama, payday loans are available for up to $500 and can have a maximum repayment term of 31 days. The maximum allowed finance charge is 17.5% of the loan amount, which means that for a $100 loan, the finance charge would be $17.50. APR (Annual Percentage Rate) for payday loans in Alabama ranges from 456.25% to 469.29%.

Potential Benefits of Payday Loans

Payday loans can provide a number of benefits for those in need of immediate cash, including:

  • Quick and easy approval process
  • No credit check required
  • Funds are typically available within 24 hours

Potential Drawbacks of Payday Loans

While payday loans can be helpful in a financial emergency, they also come with potential drawbacks to watch out for such as:

  • High interest rates and fees
  • Short repayment terms
  • Risk of falling into a cycle of debt

Interesting Facts and Statistics About Payday Loans in Wattsville, Alabama

  • In 2019, 761,059 payday loans were taken out in Alabama, with a total loan volume of $332,251,164.
  • The average payday loan amount in Alabama is $341.
  • 92% of payday loans in Alabama are taken out by repeat borrowers.
  • Alabama has one of the highest interest rates for payday loans in the United States at 468% APR.

Apply Now for a Payday Loan in Wattsville

If you’re in need of quick cash and have considered a payday loan, TheGuaranteedLoans can help connect you with potential lenders in Wattsville, Alabama. To apply now, simply fill out our online application form and provide basic personal and financial information. Remember, we are a connector service, not a direct lender, so we will facilitate your connection with potential lenders who may be able to offer you a loan that meets your needs.

Before applying, be sure to read and understand the terms and conditions of any loan offer you receive. Remember to use payday loans responsibly and only when absolutely necessary.

F.A.Q.

How do payday loans work in Wattsville, Alabama?

To obtain a payday loan in Wattsville, Alabama, a borrower must first apply for the loan at a storefront or online lender. The borrower will typically be required to provide proof of income and a valid checking account in order to qualify for the loan. Once the loan is approved, the lender will deposit the funds into the borrower's checking account, and the borrower will be required to repay the loan on their next payday, along with any fees or interest charges.

Are payday loans legal in Wattsville, Alabama?

Yes, payday loans are legal in Wattsville, Alabama. The state has specific regulations in place that govern the operation of payday lenders, including limits on the amount of the loan, the fees and interest charges that can be charged, and the number of loans a borrower can take out at any given time.