Payday Loans in Central, Arizona

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No payday loan companies in Central, AZ. Consider companies in other cities:

Company nameAddressZip codePhone number
Money Mart 1326 W University Dr, Tempe, AZ 85281 +1 (480) 894 - 8446
Oportun 1118 E Southern Ave, Mesa, AZ 85204 +1 (480) 795 - 5481
Mohave State Bank 3651 AZ-95, Bullhead City, AZ 86442 +1 (928) 704 - 0000
Desert Financial Credit Union 10725 Grand Ave, Sun City, AZ 85351 +1 (602) 433 - 7000
Southwest Title Loans 3510 E Bell Rd ste 1 & 1a, Phoenix, AZ 85032 +1 (623) 266 - 7108
Bank of America with Drive-thru ATM 16925 E Shea Blvd, Fountain Hills, AZ 85268 +1 (480) 827 - 6710
Cash Time Loan Centers 2414 S 6th Ave, Tucson, AZ 85713 +1 (520) 882 - 5500
Chase Bank 31 W Butterfield Rd, Chino Valley, AZ 86323 +1 (928) 636 - 4444
Academy Bank 12900 W Thunderbird Rd, El Mirage, AZ 85335 +1 (623) 696 - 3960
Coconino Federal Credit Union 2800 S Woodlands Village Blvd, Flagstaff, AZ 86001 +1 (928) 913 - 8100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Central, AZ, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Casa Grande, AZ, 24-Hour Loan in Chandler, AZ, Payday Loans in El Mirage, AZ, Payday Loan Companies in Flagstaff, AZ, Payday Loans in Gilbert, AZ, Payday Loans in Glendale, AZ, Guaranteed Loans in Goodyear, AZ and 24-Hour Loan in Lake Havasu City, AZ. 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 Central, AZ.

Beautiful sights of Central, AZ

Payday Loans Available in Central, AZ By The Following ZIP Codes:

85531

Are Payday Loans Legal In Central, Arizona?

Payday Lending is Prohibited in Arizona

Arizona Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Central, AZ payday loan calculator

Understanding Payday Loans in Central, Arizona

Payday loans are designed to provide fast and easy credit to individuals during times of financial need. However, the State of Arizona banned payday lenders in 2010, making it illegal for lenders to operate in the state. Despite this prohibition, some lenders continue to offer payday loans to residents of Central, Arizona. Here’s what you need to know.

What are Payday Loans?

In simple terms, payday loans are short-term loans that typically range from $100 to $1,000, depending on state law. They are usually due on the borrower’s next payday and are designed to help people bridge the gap between paychecks. Payday lenders typically require proof of income or employment and a personal check postdated to the borrower’s next payday.

Many payday lenders also require the borrower to authorize an electronic debit on their bank account to repay the loan, which can result in overdraft fees and other expenses if the funds are not available.

Why are Payday Loans Prohibited in Arizona?

The State of Arizona banned payday loans in 2010 due to concerns about the high-interest rates and fees associated with these loans. The law was designed to protect consumers from predatory lending practices, which often trap borrowers in a cycle of debt by rolling over or renewing loans.

Arizona law prohibits lenders from charging more than 36% annual interest on loans of $1,000 or less. Since payday loans typically have annual interest rates ranging from 300% to 500%, they are illegal in Arizona and subject to penalties and fines.

Are There Any Exceptions to the Prohibition?

There are no exceptions to the prohibition on payday loans in Arizona. Any lender who offers payday loans to Arizona residents is operating illegally and is subject to penalties and fines.

What Alternatives are Available?

For individuals who need fast cash, there are alternative options available:

  • Personal Loans: These loans are typically available from banks, credit unions, and online lenders. They usually have longer terms and lower interest rates than payday loans.
  • Credit Cards: Credit cards can be a useful tool for emergency expenses, but it’s important to use them responsibly and pay them off in full each month to avoid high-interest rates and fees.
  • Government Assistance: Individuals who are struggling financially may be eligible for government assistance programs such as food stamps, Medicaid, and housing assistance.

Interesting Statistics about Payday Loans in Arizona

  • According to a study by the Center for Responsible Lending, payday lenders in Arizona charge an average annual interest rate of 455%.
  • In 2018, the Arizona Attorney General’s Office received 184 complaints about payday loans and took legal action against several lenders for violating state law.

Apply Now

Although payday loans are prohibited in Arizona, TheGuaranteedLoans can still help you find lenders who offer alternative loan products. We’re a connector service, not a direct lender, and we work with a network of reputable lenders who can provide personal loans, installment loans, and other credit products. If you need fast cash, fill out our online application today to get started.

F.A.Q.

Can I get a payday loan with bad credit in Central, Arizona?

No, payday loans are not available in Central, Arizona regardless of credit history.

Can I get a payday loan without a checking account in Central, Arizona?

No, payday loans are not available in Central, Arizona regardless of banking status.