Payday Loans in Cloverdale, Alabama

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No payday loan companies in Cloverdale, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
Budget Check Advance 1604 US-78, Jasper, AL 35501 +1 (205) 221 - 0918
Advance America 24833 John T Reid Pkwy L, Scottsboro, AL 35768
Citizens Bank of Mentone 5750 AL-117, Mentone, AL 35984 +1 (256) 634 - 4744
Tuscaloosa VA Federal Cu 719 N Washington St, Livingston, AL 35470 +1 (205) 652 - 1075
Advance America 7345 US-431 C, Albertville, AL 35950 +1 (256) 878 - 0532
Elmore County Finance 102 Company St, Wetumpka, AL 36092 +1 (334) 567 - 3020
TitleMax Title Loans 1402 2nd Ave SW, Cullman, AL 35055
Gilland Chevrolet Gmc 3071 N US Hwy 231, Ozark, AL 36360 +1 (334) 647 - 6904
First Financial Bank 1212 Main St, West Blocton, AL 35184 +1 (205) 938 - 7881
Bank Trust 1411 Gilmer Ave, Tallassee, AL 36078 +1 (334) 252 - 0462

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cloverdale, AL, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Gadsden, AL, Payday Loans in Homewood, AL, Payday Loans in Hoover, AL, Payday Loans in Huntsville, AL, Quick Loan in Jasper, AL, Payday Loans in Madison, AL, Short-term Loans in Mobile, AL and Payday Loan Without a Credit Check in Montgomery, AL. 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 Cloverdale, AL.

Useful Articles

Are Payday Loans Legal In Cloverdale, Alabama?

Loan Rates and Fees, Laws and Regulations in Alabama.

Alabama Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)456
Maximum Loan Amount$500
Minimum Loan Term10 days
Maximum Loan Term31 days
Number of Rollovers Allowed1
Finance Charges17.5% of the amount advanced

Cloverdale, AL payday loan calculator

Advise to read before applying

Payday loans have become increasingly popular as a means of accessing immediate cash. These types of loans can be invaluable for people who need quick cash but don’t have access to other forms of credit or don’t want to go through a lengthy application process.

The Legality of Payday Loans in Cloverdale, Alabama

Payday loans are legal in the state of Alabama, including Cloverdale. However, there are legal parameters surrounding payday loans that must be followed to ensure that lenders are operating within state guidelines.

The Alabama State Banking Department regulates payday lenders operating within the state, and the Alabama Deferred Presentment Services Act governs the operations of payday loan businesses in Alabama, including Cloverdale.

Under Alabama law, payday lenders are required to obtain a license to operate, and this license must be prominently displayed in their storefront. The maximum amount of money that can be borrowed is $500 per loan, and the loan cannot exceed 31 days. Additionally, lenders are only allowed to charge up to 17.5% of the value of the loan as a finance fee.

What Are the Requirements for Obtaining a Payday Loan in Cloverdale, AL?

Payday lenders in Cloverdale have a list of requirements that borrowers must meet before they can receive a payday loan. Firstly, you must be a US citizen or permanent resident and be at least 18 years old. You are also required to have a valid government-issued photo ID, proof of steady income and an active checking account.

Additionally, payday lenders in Cloverdale will require the borrower to sign an agreement, which outlines the terms and conditions of the loan, including the total amount borrowed, finance charges, repayment terms, and any other associated fees. Thus, it is important to carefully read the agreement and understand all of its contents before signing.

The Pros and Cons of Payday Loans in Cloverdale, Alabama

Pros

  • Quick and Easy Approval Process
  • No Credit Score Check Requirement
  • Availability of Cash within 24 Hours
  • Can be Helpful in Emergency Situations
  • Access to Immediate Cash

Cons

  • High-Interest Rates and Fees
  • Loan is only available for a short period of time
  • May Incur Additional Debt if unable to Repay on time
  • Loan Can be Restricted to a Small Amount

Interesting Statistics on Payday Loans in Cloverdale, Alabama

According to the Pew Charitable Trusts, about 5.5% of adults have taken a payday loan in the past five years; this is equivalent to around 13 million people taking out payday loans in the US annually.

Air University research shows that In Alabama, there are 1,120 payday loan lenders, which is higher than the number of McDonald’s restaurants in the state (at approximately 300 locations).

Apply Now

At TheGuaranteedLoans, we are here to help you connect with potential lenders in Cloverdale, Alabama, and other states in the US. As a connector service, we are not a direct lender. However, we strive to make the loan application process seamless for you.

To apply for a payday loan in Cloverdale through our platform, simply fill out our online application form. If you qualify for a loan, we will connect you with our network of potential lenders, who will then contact you to outline the loan terms and conditions.

With TheGuaranteedLoans, obtaining access to payday loans in Cloverdale, Alabama, has never been easier. Our platform is the perfect solution for those who need fast cash and cannot wait for traditional loan processing time.

Conclusion

Payday loans are useful tools for quick, easy access to cash in emergency situations. They can be especially beneficial for those who cannot access other credit facilities or do not want to go through lengthy application procedures. However, it is essential always to borrow responsibly and pay back on time to avoid spiralling into more debt.

Remember to always be cautious and only borrow what you can afford to repay. With TheGuaranteedLoans platform, we are here to help you connect with potential lenders, meaning you could be in the running for payday loans in Cloverdale, Alabama, with just a few clicks.

F.A.Q.

Are there any fees associated with a payday loan in Cloverdale, Alabama?

Yes, there are several fees that may be associated with a payday loan in Cloverdale, Alabama. These may include a loan origination fee, a finance charge, and other fees or charges.

Can I renew a payday loan in Cloverdale, Alabama?

Yes, you can renew a payday loan in Cloverdale, Alabama. However, the law sets limits on the number of times you can renew a payday loan, as well as the fees and interest that can be charged on a renewed loan.

Look for Short-Term Loans in Other Cities:

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Customer Notice: Cash advance loans should be used for short-term personal requirements primarily, not as long-term budgetary remedies. Clients together with credit score issues ought to look for credit advice. Subject to state regulations, qualification, credit check, underwriting and approval. Rates, terms and conditions apply

Client Guidance: Payday loans are generally designed as a temporary financial bridge that allows individuals to borrow a modest amount of money until their next paycheck arrives. This type of loan is often used as an immediate financial remedy for unforeseen expenses, especially for those lacking a financial cushion or significant savings. If you find yourself struggling to manage your finances and considering a payday loan, it's crucial to consult with a qualified financial advisor. It's also important to familiarize yourself with the specific payday loan laws in your jurisdiction.

Accessibility: This platform's services may not be available to residents of certain states due to local regulations. To determine whether you can access this service, please review your area's legal guidelines. Additionally, be advised that the terms and conditions of this website can be altered at any time without prior notice.

Important Notice: TheGuaranteedloans.com is not a loan company and for that reason cannot determine whether or not you're eventually permitted for any advance, neither can we establish the sum of loan you might be provided. Every lending options, purchasing services and products are offered without having guarantee. When searching for deals, remember to evaluate the budgetary institution’s Terms and Conditions.

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