Payday Loans in Homewood, Alabama

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Payday Loan Companies in Homewood, AL

Company nameAddressZip codePhone number
Alabama Cash Services 234 Aquarius Dr 35209 +1 (205) 945 - 1242
Alabama Title Loans 194 Green Springs Hwy 35209 +1 (205) 941 - 1150
Cash Connection 191 W Valley Ave 35209
Cash Connection 191 W Valley Ave 35209 +1 (205) 942 - 9123
Cash Express 42 Green Springs Hwy 35209
Check Into Cash 104 Green Springs Hwy #110 35209
Title Cash 72 Green Springs Hwy 35209 +1 (205) 942 - 7841

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Homewood, AL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hoover, AL, Payday Loans in Huntsville, AL, Payday Loans in Jasper, AL, Quick Loan in Madison, AL, Same Day Loans in Mobile, AL, Quick Loan in Montgomery, AL, Payday Loans in Mountain Brook, AL and Payday Loans in Northport, 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 Homewood, AL.

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

35209, 35216, 35226, 35259, 35288, 35293

Are Payday Loans Legal In Homewood, 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

Homewood, AL payday loan calculator

Advise to read before applying

Payday Loans in Homewood, Alabama: What You Need To Know

Payday loans in Homewood, Alabama are a type of short-term loan that can help you cover unexpected expenses or bridge an income gap when your paycheck is late. While payday loans can be a good option in some situations, it’s important to understand the loan’s terms, interest rate, and repayment structure before you commit to taking out a loan.

What Is A Payday Loan?

A payday loan is a type of loan that can help you cover emergency expenses, unexpected bills, and bridge an income gap. Typically, this type of loan is only available for a short-term period, but the exact length and terms can vary depending upon the lender.

Payday loans are regulated by state law. In Alabama, the payday loan maximum is $500 with a maximum repayment period of 35 days. While payday lenders are allowed to charge certain fees and interest, Alabama restricts the amount of those fees and interest rates to the following:

  • Finance Charge: A fee of up to $17.50 is allowed for every $100 borrowed.
  • Interest Rate: A maximum interest rate of 17.5% is allowed for every $100 borrowed.

Payday loans in Alabama also feature other protections, including limits on the number of loans allowed and a cooling-off period if you need more than two loans in a row.

What Is Required To Apply For A Payday Loan?

In Alabama, payday lenders must be licensed, insured, and comply with certain requirements as set forth by the state’s Department of Banking. Because Payday Loans are only available for a short-term period, lenders must also require applicants to meet certain eligibility criteria. This can include proof of a stable source of income, proof of U.S. citizenship or permanent residency, proof of a valid checking account, and identification documents.

What Are The Benefits Of A Payday Loan?

When used responsibly, payday loans can offer a number of benefits, including:

  • Quick Access: Payday loans offer fast access to funds and can be a great option when you’re in a tight spot.
  • Simple Requirements: Payday loans don’t require collateral, and many lenders only require a few pieces of information to apply.
  • Ease Of Use: Payday loans are easy to apply for, with many lenders offering online applications, and funds can be deposited quickly into your checking account.

What Are The Disadvantages Of A Payday Loan?

Before taking out a payday loan, it’s important to understand the potential risks. Payday loans may carry high fees and interest rates and have short repayment periods, which can make them difficult to repay.

  • High Fees & Interest Rates: Payday loans can carry high fees and interest rates, making it more difficult to pay off the loan.
  • Short Repayment Periods: Payday loans typically have short repayment periods, which can make it difficult to make your payments on time.
  • No Collateral: Payday loans don’t require collateral, which can make them risky for lenders.

F.A.Q.

What Are The Requirements For A Payday Loan?

In Alabama, you must meet the following requirements to be eligible for a payday loan:

  • Be 18 years of age or older
  • Have a valid checking account
  • Have a form of steady income (paycheck, disability benefits, etc.)
  • Be a U.S. citizen or permanent resident
  • Provide valid identification

Are There Any Restrictions On Payday Loans In Alabama?

Yes. Payday loans in Alabama are regulated by state law. The maximum loan amount is $500, and the maximum repayment period is 35 days. Fees and interest rates are limited to a maximum of $17.50 per $100 borrowed and 17.5% interest per $100 borrowed, respectively. A cooling-off period is also required between consecutive loans.

Can I Get A Payday Loan Online?

Yes, many lenders offer payday loans online. However, it’s important to understand the lender’s terms and conditions, as well as the laws of the state you’re applying in.

Apply Now

If you are interested in taking out a payday loan in Homewood, Alabama, TheGuaranteedLoans can help. We are not a lender, but we can connect you with lenders who can help you find the right loan for your needs. To get started, simply fill out our online application, and we will connect you with lenders who may be able to help.

More F.A.Q.

Are there any alternatives to payday loans in Homewood, Alabama?

in Homewood, Alabama, there are several alternatives to payday loans, including personal loans from a bank or credit union, borrowing from a friend or family member, or using a credit card. It is important to carefully research and compare your options to find the best solution for your needs.

Can I get a payday loan if I have bad credit in Homewood, Alabama?

in Homewood, Alabama, you may still be able to get a payday loan if you have bad credit. Payday lenders often do not check your credit when approving a loan, so your credit score may not be a factor in their decision. However, it is important to carefully consider your ability to repay the loan and avoid taking on more debt than you can handle.

How Many Cash Advance Companies are in Homewood, AL?

With the help of our service, you will be able to find 7 cash advance companies in Homewood, AL

What Cash Advance Companies in Homewood, AL are the most popular?

You should check Cash Connection, Alabama Cash Services, and Alabama Title Loans. Also, you can start your application online on our website.

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.

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