Payday Loans in Penney Farms, Florida

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

Company nameAddressZip codePhone number
Raymond James 3704 Winter Garden Vineland Rd, Winter Garden, FL 34787 +1 (407) 656 - 6510
Payday Loans Hialeah W 39th St, Hialeah, FL 33012
Advance America 51 S Lee St #6, LaBelle, FL 33935 +1 (863) 612 - 0354
Payday Loans Pompano Beach 1641 NW 15th Ave, Pompano Beach, FL 33069
SunTrust Mortgage 18520 N Dale Mabry Hwy, Lutz, FL 33548 +1 (813) 404 - 4670
49th Street Pawn & Gun 7095 49th St N, Pinellas Park, FL 33781 +1 (727) 522 - 7296
Keys Federal Credit Union Southard St. Key West, FL 514 Southard St, Key West, FL 33040 +1 (305) 294 - 6622
Space Coast Credit Union 6899U S, 1, Cocoa, FL 32927 +1 (321) 752 - 2222
Cpress Lending Group 28000 Spanish Wells Blvd, Bonita Springs, FL 34135 +1 (239) 495 - 6479
R S Financial Services Inc 155 Crystal Beach Dr, Destin, FL 32541 +1 (850) 650 - 4184

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Penney Farms, FL, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Ocala, FL, No Credit Check Loans in Ocoee, FL, Payday Loans in Orlando, FL, Payday Loans in Ormond Beach, FL, Payday Loan Without a Credit Check in Oviedo, FL, Same Day Loans in Palm Bay, FL, Payday Loans in Palm Beach Gardens, FL and Online Loans in Palm Coast, 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 Penney Farms, FL.

Beautiful sights of Penney Farms, FL

Payday Loans Available in Penney Farms, FL By The Following ZIP Codes:

32079

Are Payday Loans Legal In Penney Farms, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Penney Farms, 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

Penney Farms, FL payday loan calculator

Payday Loans in Penney Farms, Florida: Everything You Need to Know

Life is full of surprises; some good, some not so much. When the unexpected occurs, it can be challenging to find yourself short on cash. Fortunately, payday loans are one option for individuals who need to get quick cash to handle an unexpected expense. In this article, we will discuss payday loans in Penney Farms, Florida, and everything you need to know before applying for one.

What are Payday Loans, and How Do They Work?

Payday loans are short-term loans that usually must be repaid on your next payday. They are usually provided in a small amount, ranging from $50 to $1,000, and are often associated with high-interest rates and fees. However, they can be a valuable resource if you need cash quickly and have exhausted all other options.

The process of obtaining a payday loan in Penney Farms, Florida, is relatively straightforward. After filling out a simple application form, a lender will assess your credit and income to decide whether or not to approve your loan. If approved, the funds are usually deposited into your bank account within a day or two.

Are Payday Loans Legal in Penney Farms, Florida?

Yes, payday loans are legal in Florida, and Penney Farms is no exception. Payday lenders in Florida are regulated by the Florida Office of Financial Regulation and are required to comply with state laws.

Florida law allows payday loans of up to $500 with a maximum fee of 10% of the loan amount, plus a verification fee. The loan term must be no longer than 31 days, and there is a limit to the number of loans a borrower can have at one time.

The Pros and Cons of Payday Loans

  • Pros:
    • Easy to qualify for
    • Fast application and approval process
    • No credit check required
    • Can help during a financial emergency
  • Cons:
    • High-interest rates and fees
    • Short repayment term, may lead to debt cycle
    • May lead to financial hardship if not paid back on time
    • May damage credit score

The Cost of Payday Loans

As stated earlier, the cost of a payday loan in Penney Farms, Florida, is a maximum of 10% of the loan amount plus a verification fee. For example, if you borrow $300, the maximum fee you could be charged is $30, plus the verification fee. Additionally, lenders may charge late fees if the loan is not repaid on time, which can quickly add up and lead to more significant financial problems.

Interesting Facts and Statistics About Payday Loans in Penney Farms, Florida

  • Florida has more payday lending stores than McDonald’s restaurants.
  • The average payday loan in Florida is $350.
  • Florida payday loan borrowers usually have an income of less than $30,000 per year.
  • Florida law requires payday lenders to perform a credit check on all applicants, but some lenders still offer “no credit check” loans.

Apply Now

If you need quick cash and are considering a payday loan, TheGuaranteedLoans can help. Our website is a connector service, not a direct lender, which means that we will facilitate your connection with participating lenders that can provide you with the funds you need. To apply, simply fill out our online application form, and we will match you with lenders that best fit your needs.

Before applying, please be aware that TheGuaranteedLoans is not a lender and does not make credit decisions. We also cannot guarantee that your loan application will be approved by one of our participating lenders. If you are approved for a loan, please read and understand all loan terms and conditions before accepting the offer.

Conclusion

Payday loans can be a valuable resource for individuals who need quick cash to handle a financial emergency. If you live in Penney Farms, Florida, and are considering a payday loan, it is essential to understand the pros and cons, as well as the costs and regulations associated with this type of loan. By doing your research and being fully informed, you can make the best decision for your financial situation.

F.A.Q.

Are payday loans in Penney Farms, Florida regulated by the state government?

Yes, payday loans in Penney Farms, Florida are regulated by the state government. The Florida Office of Financial Regulation is responsible for overseeing the payday lending industry and enforcing laws and regulations related to payday loans.

Are there any alternatives to payday loans in Penney Farms, Florida?

Yes, there are several alternatives to payday loans in Penney Farms, Florida that may be more affordable and less risky for borrowers. These options include credit union loans, community development financial institution loans, and small personal loans from banks or online lenders.