Payday Loans in Waverly, Alabama

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

Company nameAddressZip codePhone number
Title Cash 2223 Highway 21 Bypass South, Suite A, Monroeville, AL 36460 +1 (251) 575 - 1953
CashMaster 2312 Beltline Rd SW, Decatur, AL 35601 +1 (256) 353 - 5655
Advance America 5363 Hwy. 280 #103-B, Birmingham, AL 35242
Quick Cash Loans 2327 Memorial Pkwy NW a, Huntsville, AL 35810 +1 (256) 539 - 9736
Check n Go 3214 20th Ave B, Valley, AL 36872 +1 (334) 219 - 3722
Covington Credit 37 Buck Creek Plaza #400, Alabaster, AL 35007
Advance Alabama 2926 Florence Blvd, Florence, AL 35630
First Bank of Alabama 44388 AL-21, Munford, AL 36268 +1 (256) 358 - 9000
Mutual Savings Credit Union 1030 Lee St, Alexander City, AL 35010 +1 (256) 234 - 3821
Money Now 37 Homestead Dr, Brent, AL 35034 +1 (205) 926 - 7863

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Waverly, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Alabaster, AL, Payday Loan Companies in Albertville, AL, Payday Loans in Anniston, AL, Payday Loans in Athens, AL, Quick Loan in Atmore, AL, Payday Loans in Auburn, AL, Payday Loans in Bessemer, AL and 24-Hour Loan 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 Waverly, AL.

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

36879

Are Payday Loans Legal In Waverly, 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

Waverly, AL payday loan calculator

Are you a resident of Waverly, Alabama, looking for a quick fix to your financial woes? If so, payday loans might be the answer you’re looking for. Payday loans are a type of short-term loan usually meant to be repaid on your next payday, with interest and fees attached.

Legal Standing of Payday Loans in Alabama

In Alabama, payday loans are legal. The basis for this legality is a set of laws regarding small loans, known as the Alabama Deferred Presentment Services Act. This act regulates all payday lenders in the state and outlines the terms and conditions that must be adhered to by both the lender and the borrower. Under this law, payday loans can be granted for an amount not exceeding $500, with a repayment period of no less than 14 days and no more than 30 days.

Benefits of Payday Loans

Payday loans are highly convenient for people in urgent need of cash. They offer many benefits, including:

  • The application process is quick and easy.
  • No collateral is required.
  • They are accessible to people with poor credit scores.

Drawbacks of Payday Loans

Payday loans also come with their share of drawbacks:

  • The interest rates and fees charged by lenders can be high.
  • They can easily become a debt trap for borrowers who fail to repay on time.
  • They are only suitable for short-term needs and are not a sustainable financial solution.

Interesting Facts and Statistics

  • According to a report by the Pew Charitable Trusts, 2.2 million Americans took out payday loans in 2017, with an average loan amount of $375.
  • In Alabama, the maximum interest rate that can be charged on a payday loan is 17.5%.
  • Average payday loan APR in Alabama is 456%.

The Application Process

The process of getting a payday loan in Waverly, Alabama, is straightforward. You need to fill out an online application, providing your details and the amount you want to borrow. Once your application is approved, the funds will be deposited into your bank account within a few business days.

Apply Now

If you’re considering a payday loan, TheGuaranteedLoans can help connect you with trusted lenders in Waverly, Alabama. We make the process simple and easy for you. Fill out an application on our website today to get started. Remember that TheGuaranteedLoans is not a direct lender. We only facilitate the process of connecting you to lenders.

Conclusion

Payday loans can be a lifesaver for people in need of quick cash. However, they should be used with caution and only for short-term needs. If you’re considering a payday loan in Waverly, Alabama, be sure to do your research and choose a lender that’s reputable and trustworthy. At TheGuaranteedLoans, we can help connect you with lenders you can trust, so you can get the cash you need quickly and easily.

F.A.Q.

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

The amount that a borrower can borrow with a payday loan in Waverly, Alabama is limited by state law. The maximum amount that can be borrowed is $500, and the minimum amount is $100.

How long do I have to repay a payday loan in Waverly, Alabama?

Payday loans in Waverly, Alabama are typically due on the borrower's next payday, which is typically within two to four weeks of receiving the loan. However, some lenders may offer longer repayment terms, depending on the borrower's individual circumstances.