Payday Loans in Coosada, Alabama

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Tower Loan 5031 Ford Pkwy 102, Bessemer, AL 35022 +1 (205) 432 - 1093
Credit Central 912 US-80, Demopolis, AL 36732 +1 (334) 287 - 3163
Check Into Cash 535 Military St S #5, Hamilton, AL 35570
Cash Land 1233 Rucker Blvd # 3, Enterprise, AL 36330
Moneytree 2028 Cherokee Rd, Alexander City, AL 35010
Advance Cash Loans 310 W Meighan Blvd, Gadsden, AL 35901
Security Finance 806 N Main St e, Atmore, AL 36502
Republic Finance 1906 Glenn Blvd SW Suite 700, Fort Payne, AL 35968 +1 (256) 845 - 4450
Local Finance 112 N 3 Notch St, Troy, AL 36081
Avadian Credit Union 3439 Colonnade Pkwy 100, Birmingham, AL 35243 +1 (205) 967 - 2993

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Coosada, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gadsden, AL, Payday Loan for Homewood, AL, Quick Loan in Hoover, AL, Payday Loan Without a Credit Check in Huntsville, AL, Payday Loans in Jasper, AL, Payday Loans in Madison, AL, No Credit Check Loans in Mobile, AL and 24-Hour Loan 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 Coosada, AL.

Payday Loans Available in Coosada, AL By The Following ZIP Codes:

36020

Are Payday Loans Legal In Coosada, 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

Coosada, AL payday loan calculator

Everything You Need to Know About Payday Loans in Coosada, Alabama

Payday loans are a popular option for individuals who need quick access to cash. In Coosada, Alabama, payday loans are a legal option for those who need money fast. In this article, we will provide you with everything you need to know about payday loans in Coosada, Alabama.

What are Payday Loans?

A payday loan is a short-term loan that typically comes with high-interest rates. These loans are usually due on the borrower’s next payday. Payday loans are a popular option for people who have emergency expenses and need money quickly.

The application process for a payday loan is relatively easy and straightforward. Borrowers can apply online or in-person, and the lender will usually require proof of income and a bank account.

How do Payday Loans Work in Coosada?

In Alabama, the maximum amount you can borrow with a payday loan is $500, and the loan term cannot exceed 31 days. The lender can charge a maximum of 17.5% interest on the loan amount.

When you take out a payday loan, you will be required to provide a post-dated check or authorize an electronic debit from your bank account. The lender will cash the check or debit your account when the loan is due.

What are the Benefits of Payday Loans in Coosada, Alabama?

  • Easy and fast application process
  • Quick access to cash
  • No credit check required

Payday loans are a great option for people who have bad credit or no credit history. The application process is easy and fast, and borrowers can get access to cash quickly. Additionally, payday loan lenders do not conduct credit checks, so individuals with poor credit can still be approved for a loan.

What are the Risks of Payday Loans in Coosada, Alabama?

  • High-interest rates
  • Short-term loan period
  • Debt cycle

The high-interest rates associated with payday loans can be a significant risk for borrowers. In Alabama, lenders can charge a maximum of 17.5% interest on the loan amount. Additionally, the short-term loan period can make it difficult for borrowers to repay the loan on time. This can lead to a debt cycle, where the borrower takes out more loans to cover the original loan, leading to more interest and more debt.

Interesting Facts and Statistics About Payday Loans in Coosada, Alabama

  • According to a report by the Alabama State Banking Department, there were 1.8 million payday loans issued in Alabama in 2019 with a total loan volume of $563.6 million.
  • The average annual percentage rate (APR) for a payday loan in Alabama is 456.25%.
  • In 2020, Alabama lawmakers introduced legislation to cap payday loan interest rates at 36%, but the legislation did not pass.

These facts and statistics show the significant impact that payday loans have on the economy in Alabama. The high-interest rates associated with these loans can lead to a cycle of debt for many borrowers.

Apply Now for a Payday Loan in Coosada, Alabama

If you are in need of quick cash, apply now for a payday loan in Coosada, Alabama. TheGuaranteedLoans is a connector service that can help you find potential lenders. Fill out our easy online application, and we will connect you with lenders that may be able to help you get the money you need.

Remember, payday loans are a short-term solution to financial problems. If you do decide to take out a payday loan, make sure you fully understand the terms and conditions of the loan and have a plan for repaying it on time.

F.A.Q.

What should I do if I can't repay my payday loan in Coosada, Alabama?

If you are unable to repay your payday loan in Coosada, Alabama, it is important to contact your lender as soon as possible to discuss your options. Depending on the lender and your individual circumstances, you may be able to negotiate a repayment plan or extend the due date of your loan. It is important to avoid defaulting on your loan, as this can have serious consequences, including damage to your credit score and potential legal action.

Are there any restrictions on the number of payday loans I can take out in Coosada, Alabama?

Yes, there are restrictions on the number of payday loans that a borrower can take out in Coosada, Alabama. Borrowers are only allowed to take out one payday loan at a time, and they must wait at least seven days before taking out another loan.