Payday Loans in Porum, Oklahoma

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No payday loan companies in Porum, OK. Consider companies in other cities:

Company nameAddressZip codePhone number
Advance America 838 NW 12th St, Oklahoma City, OK 73160 +1 (405) 790 - 0633
Midwestern Loans, Inc. 1474 N Main St, Altus, OK 73521 +1 (580) 482 - 4727
Loyal Loans 106 E Cherokee Ave, Nowata, OK 74048 +1 (918) 273 - 2274
Cash Security Inc 2102 OK-66 B, Claremore, OK 74019 +1 (918) 283 - 4646
Loan Solo 11313 E 31st St, Tulsa, OK 74146 +1 (918) 628 - 1600
Commerce Finance of Pryor 457 S Wood St, Pryor, OK 74361 +1 (918) 824 - 1744
Stroud National Bank 215 2nd St, Wellston, OK 74881 +1 (405) 356 - 2471
Check Into Cash 409 Daisy Dr Unit D, Tahlequah, OK 74464 +1 (918) 458 - 0090
The Goddard School of Edmond Northeast 6001 E Covell Rd, Edmond, OK 73034 +1 (405) 330 - 1313
Alva State Bank & Trust Co 515 Main St, Burlington, OK 73722 +1 (580) 431 - 3300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Porum, OK, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lawton, OK, Payday Loans in Muskogee, OK, Payday Loans in Norman, OK, Bad Credit Loans in Oklahoma City, OK, Payday Loans in Owasso, OK, Bad Credit Loans in Shawnee, OK, Payday Loans in Stillwater, OK and Bad Credit Loans in Tulsa, OK. 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 Porum, OK.

Beautiful sights of Porum, OK

Payday Loans Available in Porum, OK By The Following ZIP Codes:

74455

Are Payday Loans Legal In Porum, Oklahoma?

Loan Rates and Fees, Laws and Regulations in Oklahoma.

Oklahoma Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)395
Maximum Loan Amount$500
Minimum Loan Term12 days
Maximum Loan Term45 days
Number of Rollovers AllowedNot specified
Finance Charges<$300 = $15 >$300 = $10 for every additional $100

Porum, OK payday loan calculator

Understanding Payday Loans in Porum, Oklahoma

Life can be unpredictable, and we often find ourselves struggling to make ends meet financially. When emergency expenses arise and we don’t have the necessary funds, payday loans can be a solution. In Porum, Oklahoma, payday loans are available to residents who meet specific criteria. If you’re considering taking out a payday loan, it’s essential to understand how they work, their benefits and drawbacks, and the regulations governing them in Oklahoma.

What are Payday Loans?

A payday loan is a type of short-term loan that is typically due on the borrower’s next payday. Typically, payday loans are small, ranging from $100 to $500, and come with high fees and interest rates. They are widely used by people who need immediate access to cash but struggle to qualify for traditional loans due to poor credit or other financial reasons. In Porum, Oklahoma, payday loans are available to individuals who are at least 18 years old, have a steady income, and can provide proof of residency and income.

The Benefits and Drawbacks of Payday Loans

Payday loans can provide quick cash when you need it the most, but they come with several drawbacks. One benefit of payday loans is that they are easy to obtain, and lenders usually don’t require a credit check. They also provide cash quickly, often on the same day or the next business day. However, payday loans come with high fees and interest rates, which can trap borrowers in a cycle of debt. They also come with short repayment terms, usually between two and four weeks, which can be difficult for borrowers who are already struggling financially.

Payday Loan Regulations in Oklahoma

Oklahoma has specific laws regarding payday loans to protect borrowers from predatory lending practices. In Oklahoma, payday loans have a maximum borrowing amount of $500 and a maximum term of 45 days. Lenders are required to disclose the loan terms, fees, and interest rates to borrowers before they sign the loan agreement. In Oklahoma, lenders are also prohibited from charging more than $15 per $100 borrowed in fees and interest. It’s important to note that payday loans are legal in Oklahoma, and borrowers should be aware of the state’s regulations to ensure they are not being taken advantage of by predatory lenders.

Interesting Facts about Payday Loans in Porum, Oklahoma

  • The average payday loan amount in Oklahoma is $394.
  • Oklahoma has the highest average payday loan interest rate in the nation at 395%.
  • Over 70% of payday loan borrowers in Oklahoma take out multiple loans per year, indicating a cycle of debt.

TheGuaranteedLoans: Your Connection to Payday Loan Lenders

TheGuaranteedLoans is a leading connector service that connects borrowers with potential payday loan lenders. Our secure online platform makes it easy to fill out an application and receive multiple loan offers from lenders. We are not a direct lender, but we work with a network of reputable lenders who are willing to work with borrowers who have poor credit or other financial challenges. Our goal is to provide borrowers with access to fair and affordable loans that can help them overcome financial hurdles. If you’re considering a payday loan in Porum, Oklahoma, fill out an application today and see what loan options are available to you.

Apply Now

If you’re in need of cash fast, TheGuaranteedLoans can help you. Fill out an application on our website, and our network of potential payday loan lenders will provide you with loan offers that match your needs. Remember, payday loans are a short-term solution, and you should only consider a loan if you can make the repayment terms. TheGuaranteedLoans is here to help you find the best loan option available in Porum, Oklahoma. Apply online today!

F.A.Q.

Can I take out multiple payday loans in Porum, Oklahoma at the same time?

Yes, you can take out multiple payday loans in Porum, Oklahoma at the same time, but you should be aware that this can put you at greater risk of being unable to repay the loans and facing legal action from the lenders.

Are there any alternatives to payday loans in Porum, Oklahoma?

Yes, there are other options available to you if you need quick cash in Porum, Oklahoma. These may include borrowing from friends or family, using a credit card, or taking out a personal loan from a bank or credit union. These options may have lower interest rates and more flexible repayment terms than payday loans.