Payday Loans in Claypool, Arizona

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

Company nameAddressZip codePhone number
Loanmax Title Loans 820 Historic Rte 66, Flagstaff, AZ 86001 +1 (928) 779 - 6359
Bank of America with Drive-thru ATM 1771 AZ-89A, Sedona, AZ 86336 +1 (928) 282 - 4444
Wells Fargo Bank HIGHWAY 160, Kayenta, AZ 86033 +1 (928) 697 - 3492
Auto Title Loans USA 900 Apache Trail #2, Apache Junction, AZ 85120 +1 (480) 582 - 0330
Cochise Jewelry Gold & Silver 100 S Ocotillo Ave, Benson, AZ 85602 +1 (520) 586 - 2690
Desert Financial Credit Union 150 E Old West Hwy, Apache Junction, AZ 85119 +1 (602) 433 - 7000
Chad Aaron Burgueno Fairway Independent Mortgage Corporation Loan Officer 830 S Main St Suite 1A, Cottonwood, AZ 86326 +1 (928) 634 - 5490
Country Bank a Division of State Bank of Arizona 147 N Cortez St, Prescott, AZ 86301 +1 (928) 443 - 9595
Money Mart 1685 W Valencia Rd #131, Tucson, AZ 85746 +1 (520) 807 - 3331
MoneyGram 775 W Main St, Quartzsite, AZ 85359 +1 (928) 927 - 5432

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Claypool, AZ, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Marana, AZ, Payday Loans in Maricopa, AZ, Payday Loans in Mesa, AZ, Payday Loans in Peoria, AZ, Bad Credit Loans in Phoenix, AZ, Emergency Loan in Prescott, AZ, Payday Loans in Prescott Valley, AZ and Payday Loans in Queen Creek, 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 Claypool, AZ.

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

85532

Are Payday Loans Legal In Claypool, 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

Claypool, AZ payday loan calculator

Payday Loans in Claypool, Arizona: A Comprehensive Guide

Payday loans are a type of short-term loan that is typically due on the borrower’s next payday. These loans are designed to provide individuals with quick access to cash in case of unexpected expenses or emergencies.

However, it is important to note that payday loans are prohibited in Arizona. Claypool is a small town located in southeastern Arizona, and the state’s ban on payday loans extends to this town as well.

Why Are Payday Loans Prohibited in Arizona?

Payday loans were once legal in Arizona, but in 2010 the state’s legislature passed a law banning them. The main reason for the ban was to protect consumers from the high interest rates and fees that are often associated with payday loans.

Payday lenders typically charge high interest rates and fees that can trap borrowers in a cycle of debt. The Arizona legislature felt that these loans were predatory and that they posed a threat to the financial well-being of the state’s residents.

Alternatives to Payday Loans in Claypool, Arizona

Although payday loans are prohibited in Arizona, there are still some alternatives available to residents of Claypool who may need access to quick cash. Some of these alternatives include:

  • Credit Cards: Credit cards are a common alternative to payday loans. Although they may come with high interest rates, they typically have lower fees and longer repayment periods than payday loans.
  • Personal Loans: Personal loans are another option for those in need of quick cash. These loans may have lower interest rates than payday loans and may also have more flexible repayment options.
  • Community Assistance Programs: There are several community assistance programs available in Arizona that may be able to provide financial help to those in need. These programs typically offer grants or low-interest loans to qualifying individuals.

Interesting Facts and Statistics About Payday Loans in Arizona

  • Before Arizona banned payday loans in 2010, lenders charged some of the highest interest rates in the country – up to 700% APR.
  • According to a study by the Center for Responsible Lending, the average payday borrower in Arizona paid $255 in fees alone, and took out an average of 10 loans per year.
  • Arizona’s ban on payday loans has saved borrowers an estimated $91 million in fees since it was enacted.

Apply Now for Emergency Cash

While payday loans are prohibited in Claypool, Arizona, TheGuaranteedLoans can help individuals connect with potential lenders who may be able to offer other forms of short-term loans. We understand that unexpected expenses can arise, and we want to help individuals find the financial help they need.

Our online application process is quick and easy, and we only work with reputable lenders who adhere to state and federal lending laws. Applying for a loan through TheGuaranteedLoans does not guarantee approval, but it does provide a convenient way to explore borrowing options.

Remember, it is important to carefully consider the terms and conditions of any loan agreement before signing. Borrowing money is a serious decision, and payday loans – or any other type of loan – should only be used when necessary.

Conclusion

Payday loans may be prohibited in Claypool and throughout Arizona, but there are still other options available to those in need of quick cash. These alternatives may come with their own unique risks and benefits, so it is important to carefully evaluate each option before making a decision.

If you are in need of financial assistance, TheGuaranteedLoans may be able to help connect you with potential lenders. Remember to always borrow responsibly and carefully consider all borrowing options before making a decision.

F.A.Q.

Can a payday loan company file a lawsuit against me in Claypool, Arizona?

No, a payday loan company cannot file a lawsuit against you in Claypool, Arizona because these loans are illegal in the state.

Are there any federal laws that apply to payday loans in Claypool, Arizona?

Yes, there are federal laws that apply to payday loans in Claypool, Arizona, including the Military Lending Act and the Truth in Lending Act. These laws provide protections for consumers and regulate the practices of payday lenders.