Payday Loans in Salem, Florida

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

Company nameAddressZip codePhone number
SunTrust 2602 Enterprise Rd, Orange City, FL 32763 +1 (386) 457 - 6025
The Check Cashing Store 3838 S Cleveland Ave, Fort Myers, FL 33901 +1 (239) 277 - 0066
Haile Jewelry and Loans 9116 SW 51st Rd 102, Gainesville, FL 32608 +1 (352) 333 - 1905
The Check Cashing Store 631 Cape Coral Pkwy E, Cape Coral, FL 33904 +1 (239) 540 - 4700
Wells Fargo Bank 5606 Fishhawk Crossing Blvd, Lithia, FL 33547 +1 (813) 685 - 4196
Cash Kwik Florida Inc 16422 US-19, Cross City, FL 32628 +1 (352) 498 - 5545
Advance America 1310 SR 331 Unit 103, Defuniak Springs, FL 32435 +1 (850) 892 - 0122
Synovus Bank 1139 Industrial Dr, Crestview, FL 32539 +1 (888) 796 - 6887
Eurogroup Equity Partners LLC 1201 US-1, North Palm Beach, FL 33408 +1 (561) 629 - 7261
Noble Funding 6501 Congress Ave 100, Boca Raton, FL 33487 +1 (800) 916 - 3196

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Salem, FL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Boynton Beach, FL, Payday Loans in Bradenton, FL, Payday Loan for Brandon, FL, Payday Loans in Cape Coral, FL, 24-Hour Loan in Clearwater, FL, Payday Loans in Clermont, FL, Payday Loans in Daytona Beach, FL and Guaranteed Loans in Deerfield Beach, 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 Salem, FL.

Are Payday Loans Legal In Salem, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Salem, 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

Salem, FL payday loan calculator

Everything You Need to Know About Payday Loans in Salem, Florida

If you’re in a financial bind, payday loans could be a quick and easy solution to your problems. Payday loans are short-term loans that have a high-interest rate and are usually due on your next payday. They are legal in Florida and can be obtained in Salem and other cities throughout the state. In this article, we’ll provide you with all the information you need to make an informed decision before taking out a payday loan in Salem, Florida.

How Do Payday Loans Work in Salem, Florida?

Payday loans in Salem, Florida work similarly to those in other states. Basically, a borrower writes a check to the lender for the amount that they want to borrow plus the lender’s fees. The lender then gives the borrower cash, and the lender cashes the check on the borrower’s payday. If the borrower can’t pay back the loan on their next payday, they can roll it over for another payday by paying additional fees.

It’s essential to understand the fees associated with payday loans in Salem, Florida. Payday lenders in Florida can charge up to 10% of the loan amount as a fee and require the borrower to pay it back within 31 days. Also, the maximum amount of the loan is $500, and a lender cannot loan you more than 1 loan at a time. That being said, the best way to protect yourself from financial ruin is to make sure that you take out a loan that you can pay back on time.

The Benefits and Risks of Payday Loans in Salem, Florida

  • Benefits: Payday loans can be a quick solution to financial issues. They are fast and easy to obtain, don’t require good credit, and can provide immediate relief in case of financial emergencies.
  • Risks: High interest rates and fees can quickly turn a small loan into a significant long-term debt. Due to their high-interest rates, payday loans benefit the lender more than the borrower. Additionally, rollovers and multiple loans can lead to a cycle of debt that becomes difficult to break, which is why it’s imperative to borrow responsibly and choose a reputable lender.

Interesting Facts and Statistics About Payday Loans in Salem, Florida

  • Florida has one of the highest numbers of payday lenders in the country, with over 1,000 businesses offering payday loans in the state.
  • According to a recent Florida Office of Financial Regulation report, payday lending in Florida results in approximately $300 million of fees annually.
  • The average payday loan in Florida is $375 and has a 304% annual percentage rate (APR).

Applying for a Payday Loan in Salem, Florida

If you have decided that a payday loan is the right solution for you, TheGuaranteedLoans has a simple online application process. We connect you with potential lenders and provide you with the best options available to meet your financial needs. Keep in mind that we’re not a direct lender, but we act as a connector service to facilitate your connection with potential lenders. Our priority is to ensure that you get the loan that’s the best fit for you. The application process is quick, easy, and you can have the money you need in your account within 24 hours.

Conclusion

Payday loans in Salem can be a helpful solution for those who need quick cash during financial emergencies. However, borrowers need to be careful and make sure that they can pay the loan back on time to avoid high fees and interest rates. Keep in mind that borrowing responsibly means never borrowing more than you need and ensuring that you borrow only from reputable lenders. Be sure to use TheGuaranteedLoans to obtain a payday loan in Salem that suits your individual financial needs.

F.A.Q.

Can I get a payday loan in Salem, Florida if I am unemployed?

Yes, you may be able to get a payday loan in Salem, Florida even if you are unemployed. However, the lender will likely require you to provide proof of income or other financial resources to show that you will be able to repay the loan.

Can I get a payday loan in Salem, Florida if I am on Social Security or disability?

Yes, you may be able to get a payday loan in Salem, Florida if you are receiving Social Security or disability payments. However, the lender will likely require you to provide proof of income or other financial resources to show that you will be able to repay the loan.