Payday Loans in Picacho, Arizona

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 Picacho, AZ. Consider companies in other cities:

Company nameAddressZip codePhone number
U.S. Bank Branch 12970 W Indian School Rd, Litchfield Park, AZ 85340 +1 (623) 536 - 2407
Cash-N-Go Title Loans - Glendale 18589 N 59th Ave #110, Glendale, AZ 85308 +1 (602) 443 - 1055
Tio Rico Te Ayuda Loan Centers 6702 W Camelback Rd #100, Glendale, AZ 85301 +1 (602) 412 - 4060
Checkmate 456 S Dobson Rd, Mesa, AZ 85202 +1 (480) 964 - 0500
Chase Bank 13501 W Camino Del Sol, Sun City West, AZ 85375 +1 (602) 589 - 3820
Finova Financial 7150 E Camelback Rd UNIT 444, Scottsdale, AZ 85251 +1 (888) 358 - 4452
Sunstreet Mortgage LLC 2021 W Thatcher Blvd #109, Thatcher, AZ 85552 +1 (928) 362 - 5998
The Pawn Shop 6246 N 43rd Ave, Glendale, AZ 85301 +1 (623) 934 - 6511
Academy Mortgage 442 W Kortsen Rd 104, Casa Grande, AZ 85122 +1 (520) 421 - 1171
Check Into Cash 1651 S 4th Ave Suite A4, Yuma, AZ 85364 +1 (928) 782 - 3500

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Picacho, AZ, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Apache Junction, AZ, Quick Loan in Avondale, AZ, Payday Loans in Buckeye, AZ, 24-Hour Loan in Bullhead City, AZ, Short-term Loans in Casa Grande, AZ, Payday Loans in Chandler, AZ, Payday Loans in El Mirage, AZ and Payday Loan for Flagstaff, 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 Picacho, AZ.

Beautiful sights of Picacho, AZ

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

85241

Are Payday Loans Legal In Picacho, 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

Picacho, AZ payday loan calculator

Payday Loans in Picacho, Arizona

When it comes to financial emergencies, some people might consider taking out a payday loan as a temporary solution. However, it’s important to note that payday loans are illegal in the state of Arizona, including Picacho. In this article, we will explore the reasons why payday loans are prohibited in Picacho, and what alternatives borrowers can consider.

Why Payday Loans are Prohibited in Arizona

Arizona state law prohibits payday loans due to the high interest rates and fees associated with them, which can make it difficult for borrowers to repay the loan on time. Payday lenders target individuals who are in urgent need of cash, often charging exorbitant interest rates and fees that can reach up to 400% APR. This can trap borrowers in a cycle of debt, where they take out new loans to repay the old ones, resulting in even more debt and financial distress.

In 2008, Arizona voters chose to ban payday lending under the Arizona Consumer Loans Act (regardless of the name of the business or the nature of the loan). The legislation that prohibited payday loans also put an end to other forms of predatory lending, such as auto title loans and refund anticipation loans, in order to protect vulnerable borrowers from falling deeper into debt.

What Are the Alternatives to Payday Loans?

While payday loans are not an option in Picacho, there are other alternatives that borrowers can consider if they need immediate cash:

  • Personal Loans: Many banks, credit unions and online lenders offer personal loans that can help borrowers cover unexpected expenses. Personal loans generally have lower interest rates and more favorable terms than payday loans, making them a better alternative.
  • Credit Cards: Credit cards can provide a quick and easy source of cash. While they have higher interest rates than personal loans, they can be a better option than payday loans if the borrower is confident in their ability to repay the balance quickly.
  • Government Assistance: Federal, state, and local programs may be available to provide emergency assistance to households in financial need. These programs can include food assistance, housing assistance, and utility assistance, among others.
  • Negotiate a Payment Plan: If the individual is facing a temporary financial hardship, they can try negotiating a payment plan with their creditor. The creditor may be willing to work with them to come up with a repayment plan that better aligns with their financial situation.

Interesting Facts about Payday Loans in Picacho, Arizona

  • In Arizona, payday lenders can’t legally operate within the state but many still do. It is important for borrowers to verify the legitimacy of the lender and ensure that they are not participating in illegal lending.
  • According to the Consumer Federation of America, the median payday loan borrower is indebted for 199 days per year, taking out an average of eight loans in that time period.
  • A study by the Center for Responsible Lending found that the average payday loan borrower takes out 10 loans per year and spends almost 200 days in debt.

Apply Now

If you’re looking for a short-term loan in Picacho, Arizona, TheGuaranteedLoans can connect you with lenders who can provide personal loans with better terms than payday loans. We are a connector service, not a direct lender, so we make sure to find the most suitable lender for your needs. Apply with us today and get the financial help you need without falling into a cycle of debt.

F.A.Q.

Why are payday loans illegal in Picacho, Arizona?

Payday loans are illegal in Picacho, Arizona because they often have high interest rates and fees that can trap borrowers in a cycle of debt. The state's regulations are designed to protect consumers from predatory lending practices.

What are some alternative options for getting quick access to cash in Picacho, Arizona?

in Picacho, Arizona, consumers can seek out alternative forms of financing, such as small personal loans, credit union loans, or even borrowing from friends or family.