Payday Loans in Babson Park, Florida

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No payday loan companies in Babson Park, FL. Consider companies in other cities:

Company nameAddressZip codePhone number
SunTrust 1104 US-331 South, Defuniak Springs, FL 32433 +1 (850) 401 - 3202
Insource Funding Hard Money Loans For Real Estate Investors 433 Plaza Real Suite 275, Boca Raton, FL 33432 +1 (800) 805 - 3391
InstaLoan Loans 1000 S US Hwy 17 92, Longwood, FL 32750 +1 (407) 262 - 0059
Payday Loans Hollywood NW 83rd Way, Hollywood, FL 33024
InstaLoan Loans 10161 Atlantic Blvd, Jacksonville, FL 32225 +1 (904) 674 - 0678
Speedee Cash 5632 SE Abshier Blvd, Belleview, FL 34420 +1 (352) 245 - 7565
Thrivent Financial for Lutherans 1 Miami Dr, Indian Lake Estates, FL 33855 +1 (863) 840 - 9288
Payday Loans Sanford Sanford, FL 32771
Value Pawn & Jewelry 11788 FL-574, Seffner, FL 33584 +1 (813) 653 - 4688
ACE Cash Express 4001 E Hillsborough Ave, Tampa, FL 33610 +1 (813) 621 - 7221

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Babson Park, FL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Winter Haven, FL, Emergency Loan in Winter Springs, FL, Payday Loans in Apopka, FL, Payday Loans in Boca Raton, FL, Payday Loans in Bonita Springs, FL, Payday Loans in Boynton Beach, FL, 24-Hour Loan in Bradenton, FL and Payday Loans in Brandon, FL. 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 Babson Park, FL.

Beautiful sights of Babson Park, FL

Payday Loans Available in Babson Park, FL By The Following ZIP Codes:

33827

Are Payday Loans Legal In Babson Park, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Babson Park, Florida: cash advance loans , personal check loan s, installment loans . Employees may take advance loans for any period of time starting from 7 to 31 days regardless their earnings during the last one-year period. Payday loan approval is based on a borrower's credit report, which is provided by the lender and subject to verification. Credit report is delivered unchanged to the borrower who complies with lender's requirements.

Requests are usually being settled online; quick cash advance pickup service is offered as well.

Payday loans are taken for $500 and have repayment terms of 4 weeks after the date of deposit receipt. Interest rate is equal to 35% (rounded to the second decimal place); APR - 304%.

The maximum amount of all your payday loans at one time shall not exceed $500.

There is a cooling-off period of 24 hours between 2 consecutive loans.

One loan at a time is allowed. No rollovers are allowed. Criminal actions are prohibited. An administrative fee equal to 50 cents for every $10 received as an advance or rollover may be charged; fee amount depends on credit report evaluation results available 24 hours ahead of loan repayment stage, as well as it depends on contract characteristics.

Florida Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)304
Maximum Loan Amount$500 exclusive of the fees
Minimum Loan Term7 days
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges0.1

Babson Park, FL payday loan calculator

Payday Loans in Babson Park, Florida – Your Guide to Fast Cash

Payday loans are a popular financial solution for those who need quick access to cash. These loans are designed to bridge gaps in your cash flow until your next payday. They are easy to apply for and can be approved within minutes, making them an attractive option for those who need money fast. If you are living in Babson Park, Florida, and considering a payday loan, read on to learn everything you need to know.

How Do Payday Loans Work?

A payday loan is a short-term loan that is typically due on your next payday, hence the name. These loans are typically small, with loan amounts ranging from $100 to $1,000. The loan is usually due within two to four weeks, depending on your pay schedule. To apply for a payday loan, you typically need to have a valid ID, proof of income, and an active checking account. Lenders may also require a post-dated check or access to your bank account to secure the loan.

Once you are approved for a payday loan, the funds are usually deposited into your bank account within 24 hours. You are then required to repay the loan in full, plus any fees and interest, on your next payday. If you are unable to repay the loan in full, you may be able to request an extension or rollover, but this can come with additional fees and interest.

Are Payday Loans Legal in Babson Park, Florida?

Yes, payday loans are legal in Babson Park, Florida. However, the state has certain regulations in place to protect consumers. The maximum loan amount that a lender can offer is $500, and the maximum loan term is 31 days. Additionally, lenders are required to disclose all fees and interest rates upfront, and borrowers are limited to one loan at a time.

What Are the Benefits of Payday Loans?

  • Quick and Easy Approval: The application process for payday loans is quick and easy, and you can often get approved within minutes.
  • No Credit Check: Payday lenders typically do not perform credit checks, making them a good option for those with poor credit or no credit history.
  • Flexible Repayment: Unlike traditional loans, payday loans are due on your next payday. This makes them a flexible option for those who need a short-term loan.

What Are the Drawbacks of Payday Loans?

  • High Fees and Interest Rates: Payday loans can come with high fees and interest rates, making them an expensive option if not repaid on time.
  • Debt Cycle: If you are unable to repay the loan in full, you may be tempted to roll over the loan or take out another loan to cover the cost. This can result in a debt cycle that can be difficult to break.
  • Impact on Credit Score: If you are unable to repay the loan, it can impact your credit score and make it more difficult to obtain credit in the future.

Interesting Facts and Statistics About Payday Loans in Babson Park, Florida

  • According to a study by the Florida Office of Financial Regulation, in the first quarter of 2021, there were 214,600 payday loans issued in Florida, with a total value of $85.2 million.
  • The average payday loan amount in Florida is $375, and the average fee charged per loan is $55.
  • According to a survey by The Pew Charitable Trusts, 12 million Americans use payday loans each year, with the average borrower taking out eight loans per year.

Apply Now

If you are in need of a payday loan in Babson Park, Florida, TheGuaranteedLoans can help. We are a connector service that can connect you with potential lenders who can offer you a loan that meets your needs. Our application process is quick and easy, and we will work with you to find a loan with the best rates and terms. Remember, a payday loan should be used as a last resort, so be sure to assess your financial situation carefully before applying.

F.A.Q.

What should I consider before taking out a payday loan in Babson Park, Florida?

Before taking out a payday loan in Babson Park, Florida, you should carefully consider your financial situation and whether you will be able to repay the loan in full by the due date. You should also compare rates and fees from multiple lenders to ensure you are getting the best deal.

Can payday lenders garnish my wages in Babson Park, Florida?

Yes, if you default on your payday loan in Babson Park, Florida, the lender may be able to garnish your wages to recover the unpaid loan amount. However, there are limits on the amount that can be garnished, and the lender must first obtain a court order.