Payday Loans in Canal Point, Florida

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No payday loan companies in Canal Point, FL. Consider companies in other cities:

Company nameAddressZip codePhone number
Community South Credit Union 1044 US-90, Chipley, FL 32428 +1 (850) 638 - 8376
Florida Auto & Payday Loans 325 E 49th St, Hialeah, FL 33013 +1 (305) 828 - 5638
Beach Bank 100 Armstrong Ave, Niceville, FL 32578 +1 (850) 678 - 3990
Advance America 551856 US-1 #102, Hilliard, FL 32046 +1 (904) 845 - 7600
Check 'n Go 3899 Jog Rd, Lake Worth, FL 33467 +1 (561) 966 - 8611
John F Stormant CPA PA 14706 Main St, Alachua, FL 32615 +1 (386) 462 - 5646
Advance America 1108 NW 76th Blvd, Gainesville, FL 32606 +1 (352) 331 - 2393
First National Bank of Pasco 4518 Gall Blvd, Zephyrhills, FL 33542 +1 (813) 782 - 1540
Achieva Credit Union 3446 E Lake Rd S, Palm Harbor, FL 34685 +1 (727) 431 - 0635
Pensacola Specialty Pawn 6428 Pensacola Blvd, Pensacola, FL 32505 +1 (850) 432 - 9050

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Canal Point, FL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gainesville, FL, Payday Loans in Hialeah, FL, Payday Loans in Hollywood, FL, Payday Loans in Homestead, FL, Guaranteed Loans in Jacksonville, FL, Payday Loan Without a Credit Check in Jupiter, FL, Same Day Loans in Kissimmee, FL and No Credit Check Loans in Lake Worth, 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 Canal Point, FL.

Beautiful sights of Canal Point, FL

Payday Loans Available in Canal Point, FL By The Following ZIP Codes:

33438

Are Payday Loans Legal In Canal Point, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Canal Point, 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

Canal Point, FL payday loan calculator

Understanding Payday Loans in Canal Point, Florida

Payday loans are a popular form of short-term loans designed to help you get through a financial emergency. Payday loans are usually for small amounts of money and are due to be paid back in full on your next payday. These loans are legal in Florida, including Canal Point, but there are important things you need to know before considering applying for one.

How Do Payday Loans Work in Canal Point, Florida?

If you’re a resident of Canal Point, Florida, you can apply for a payday loan of up to $500. The loan term can range from 7 to 31 days, and the maximum annual percentage rate can be as high as 304%. To qualify for a payday loan in Canal Point, you’ll need a government-issued ID, an open and active checking account, proof of income, and a working phone number.

When you apply for a payday loan, you’re usually required to write a post-dated check for the loan amount plus fees. On your next payday, the lender will deposit your check to repay the loan. If you’re unable to pay the loan back on your next payday, you may be able to roll it over for a fee, but this can result in higher interest rates and fees.

The Pros and Cons of Payday Loans

Payday loans can be helpful in certain situations, but they also have significant disadvantages. Here are some pros and cons of payday loans:

Pros:

  • Quick access to cash when you need it
  • No credit check required
  • Application process is simple and fast
  • You can use the loan for any purpose

Cons:

  • High fees and interest rates
  • Short repayment term that can lead to rollovers and more fees
  • Payday loans can result in a cycle of debt
  • Some lenders engage in predatory practices

Interesting Facts about Payday Loans in Canal Point, Florida

According to the Florida Office of Financial Regulation, in 2020, there were 7,804 payday loan stores in Florida. The total payday loan volume in Florida in 2020 was $3.1 billion, and the average payday loan amount was $334.

Apply Now

If you’re considering applying for a payday loan, TheGuaranteedLoans can help connect you with potential lenders in Canal Point, Florida. Our online application process is fast and simple, and we work with a network of trusted lenders. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we do not make credit decisions. Fill out our online form today and take the first step towards getting the financial assistance you need.

Conclusion

Payday loans can be a lifesaver in the event of an emergency, but they also have significant drawbacks that can result in a cycle of debt. If you’re considering applying for a payday loan in Canal Point, Florida, make sure you understand the terms and conditions, including interest rates, fees, and repayment terms. If you’re unsure whether a payday loan is right for you, consider exploring alternative options, such as personal loans or credit cards.

F.A.Q.

Can I be charged with a crime if I fail to repay a payday loan in Canal Point, Florida?

No, borrowers who fail to repay a payday loan in Canal Point, Florida cannot be charged with a crime. However, lenders may be able to sue borrowers who default on their loans and obtain a judgment against them. This can result in wage garnishment or other legal action to recover the outstanding balance.

Can I be denied a payday loan in Canal Point, Florida based on my credit score?

Yes, payday lenders in Canal Point, Florida are allowed to consider a borrower's credit score when deciding whether to offer a loan. Borrowers with poor credit may be denied a payday loan or may be offered a loan with higher interest rates and fees.