Payday Loans in Hallandale, Florida

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

Company nameAddressZip codePhone number
NOLA Lending Group 225 Main St 14, Destin, FL 32541 +1 (850) 684 - 5040
AFC Automotive Finance Corp. 3659 Maguire Blvd 110, Orlando, FL 32803 +1 (407) 898 - 9222
IDS Loans Corp. 6000 Cattleridge Dr 100, Sarasota, FL 34232 +1 (844) 422 - 6644
Railroad & Industrial Federal Credit Union rifcu 3710 N 50th St, Tampa, FL 33619 +1 (813) 621 - 6661
Central Credit Union of Fl 2615 FL-77, Panama City, FL 32405 +1 (850) 769 - 4891
Any Kind Checks Cashed 1503 W Boynton Beach Blvd, Boynton Beach, FL 33436 +1 (561) 737 - 1400
First Florida Credit Union 25638 Northeast, FL-16, Raiford, FL 32083 +1 (904) 359 - 6800
Nations Lending 300 N Ronald Reagan Blvd 314, Longwood, FL 32750 +1 (407) 770 - 5944
InstaLoan Loans 2230 FL-77, Lynn Haven, FL 32444 +1 (850) 265 - 0883
Solar and Energy Loan Fund 2400 Rhode Island Ave, Fort Pierce, FL 34950 +1 (772) 468 - 1818

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hallandale, FL, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Ocoee, FL, Payday Loans in Orlando, FL, Payday Loans in Ormond Beach, FL, Payday Loan Companies in Oviedo, FL, Payday Loans in Palm Bay, FL, Short-term Loans in Palm Beach Gardens, FL, Payday Loans in Palm Coast, FL and Payday Loans in Palm Harbor, 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 Hallandale, FL.

Beautiful sights of Hallandale, FL

Are Payday Loans Legal In Hallandale, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Hallandale, 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

Hallandale, FL payday loan calculator

Payday Loans in Hallandale, Florida: A Comprehensive Guide

If you’re in Hallandale, Florida, and experiencing financial hardship, you may be considering a payday loan as a possible solution. Payday loans are a type of short-term, high-interest loan, often used to cover unexpected expenses or to bridge the gap between paychecks. In Florida, payday loans are legal, but there are certain regulations in place to protect consumers.

In this article, we’ll discuss everything you need to know about payday loans in Hallandale, Florida, including the legal requirements, pros and cons, and how to apply.

Legal Requirements for Payday Loans in Hallandale, Florida

If you’re considering a payday loan in Florida, it’s important to understand your rights as a borrower. Florida law regulates these types of loans to protect consumers. Here are some of the key regulations:

  • The maximum loan amount is $500
  • The loan term can range from 7 to 31 days
  • The maximum finance charge is 10% of the loan amount plus a $5 verification fee
  • Borrowers are only allowed to take out one loan at a time and must wait 24 hours after paying off a loan before taking out another one
  • Lenders must provide borrowers with a written agreement, including the terms and conditions of the loan, the APR, and the fees
  • Lenders must obtain a borrower’s written consent before initiating any electronic withdrawals from their account for repayment
  • Lenders are prohibited from rolling over loans (renewing them with additional finance charges) and from charging prepayment penalties

The Pros and Cons of Payday Loans

Before applying for a payday loan, it’s important to weigh the potential benefits and drawbacks. Here are some of the pros and cons:

Pros:

  • Quick access to cash – payday loans can provide emergency funds when you need them most
  • No credit check required – payday lenders typically don’t perform a credit check, so borrowers with poor credit may still be eligible
  • Easy application process – payday loans require minimal paperwork and can often be completed online or over the phone
  • No collateral required – payday loans are unsecured, meaning you don’t have to put up collateral to get approved

Cons:

  • High-interest rates – payday loans come with extremely high interest rates, often exceeding 400%
  • Short repayment terms – you’ll usually need to pay back the loan in full within a few weeks, which can be difficult if you’re already struggling financially
  • Potential for debt traps – if you’re unable to repay the loan on time, you may be forced to roll it over, taking on additional fees and interest charges
  • Not a long-term solution – payday loans aren’t designed to help with long-term financial issues and shouldn’t be used as a regular source of credit

How to Apply for a Payday Loan in Hallandale, Florida

If you’ve decided that a payday loan is the right option for you, here’s how to apply in Hallandale, Florida:

  • Find a lender – There are several payday lenders in Hallandale and surrounding areas. You can also search for lenders online.
  • Complete the application – Most payday loan applications can be completed online or over the phone. You’ll need to provide basic personal and financial information, such as your name, address, income, and bank account details.
  • Provide required documentation – You may need to provide proof of income, such as a recent pay stub or bank statement, to be approved for a payday loan.
  • Review the loan agreement – Before accepting a loan, be sure to review the terms and conditions carefully, including the APR, fees, and repayment schedule.
  • Receive your funds – Once you’ve been approved for a loan, the funds will typically be deposited into your bank account within one business day.

Interesting Facts and Statistics about Payday Loans in Hallandale, Florida

  • According to a 2019 survey by the Florida Office of Financial Regulation, there were 1.6 million payday loans issued in Florida, with a total loan volume of $3.1 billion.
  • In 2019, the average payday loan amount in Florida was $391, with an average APR of 304.68%.
  • Florida law mandates a 24-hour cooling-off period between payday loans, but a 2019 report by the Center for Responsible Lending found that more than 85% of Florida payday loans are taken out within the same two-week pay period.

Apply Now

If you’re in need of a payday loan in Hallandale, Florida, TheGuaranteedLoans can help. We’re a connector service that can help you find potential lenders and facilitate the application process. Our online application is quick and easy, and we understand that time is of the essence. Just remember, a payday loan is a short-term solution and should only be used in emergencies. Apply now and get the help you need.

F.A.Q.

Can I be arrested for not paying back a payday loan in Hallandale, Florida?

No, it is illegal for a payday lender in Hallandale, Florida to threaten or attempt to arrest you for not paying back a payday loan. If you are being threatened with arrest, you should contact the Florida Office of Financial Regulation for assistance.

Can payday lenders charge late fees in Hallandale, Florida?

Yes, payday lenders in Hallandale, Florida are allowed to charge a late fee of up to 5% of the unpaid loan amount if the loan is not repaid by the due date.