Payday Loans in Sylvania, Alabama

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

Company nameAddressZip codePhone number
Athens Finance 709 Hobbs St E, Athens, AL 35611 +1 (256) 230 - 6764
Money Matters Title Loans 1110 15th St, Tuscaloosa, AL 35401 +1 (205) 366 - 1188
TitleBucks Title Loans 539 S Quintard Ave, Oxford, AL 36203 +1 (256) 831 - 8894
Check n Go 3753 Highway 431 N, Ste F, Phenix City, AL 36867 +1 (334) 480 - 9060
First US Bank 20041 US-11, Woodstock, AL 35188 +1 (205) 938 - 7873
Check 'n Go 2101 Woodward Ave, Muscle Shoals, AL 35661
1st Franklin Financial 2631 Pelham Pkwy, Pelham, AL 35124
World Finance Corporation 216 Walker Springs Rd #106, Jackson, AL 36545
Security Finance 4677 US-431, Albertville, AL 35950 +1 (256) 894 - 7360
World Finance Corporation 1409 2nd Ave E b, Oneonta, AL 35121

Payday Loan Companies in Nearby Cities

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

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

35988

Are Payday Loans Legal In Sylvania, 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

Sylvania, AL payday loan calculator

Payday Loans in Sylvania, Alabama: A Comprehensive Guide

If you’re in need of quick cash and live in Sylvania, Alabama, you may be considering a payday loan as a potential solution. Payday loans are a type of small, short-term loan that is designed to be repaid on the borrower’s next payday. While payday loans are legal in Alabama, it’s important to understand the risks and benefits associated with these loans before applying.

How Payday Loans Work in Sylvania, Alabama

In Sylvania, Alabama, payday loans are limited to $500 and carry a maximum term of 31 days. Borrowers can only have one outstanding payday loan at a time and must wait at least one business day after repayment to apply for another loan. The interest rate for payday loans in Alabama is generally higher than traditional loans, with APRs ranging from 456% to 521%. This means that if you borrow $100, you will be responsible for paying back anywhere from $115-$130.

The Risks of Payday Loans

While payday loans can be a valuable resource for those in need of quick cash, there are also significant risks associated with these loans. One major risk is the high interest rates associated with payday loans, which can trap borrowers in a cycle of debt if they are unable to make payments on time. Additionally, payday lenders have been known to engage in predatory lending practices, such as charging excessive fees and aggressive collection tactics. It’s important to carefully consider whether a payday loan is the best option for your financial situation before applying.

The Benefits of Payday Loans

Despite the risks associated with payday loans, there are also potential benefits to these loans. For example, payday loans can be a quick source of cash for unexpected expenses, such as medical bills or car repairs. Additionally, payday loans can be easier to qualify for than traditional loans, as they often do not require a credit check or collateral. However, it’s important to weigh these potential benefits against the risks before taking out a payday loan.

Interesting Facts and Statistics about Payday Loans in Sylvania, Alabama

  • In 2019, over 200,000 Alabamians took out a payday loan.
  • The average payday loan in Alabama is for $326.
  • Alabama has some of the highest payday loan interest rates in the nation.
  • Studies have found that payday lenders are disproportionately located in low-income neighborhoods.
  • Over 80% of payday loans in Alabama are rolled over or renewed, indicating that many borrowers are unable to repay the loan on time.

Apply Now

If you’re in need of a payday loan in Sylvania, Alabama, TheGuaranteedLoans can help connect you with a potential lender. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and we will facilitate the connection between you and potential lenders. To apply for a payday loan, simply fill out our online application and wait to hear back from one of our lenders. It’s important to review the terms and conditions of the loan carefully before accepting, and to use payday loans responsibly.

In conclusion, payday loans can be a useful resource for those in need of quick cash in Sylvania, Alabama. However, it’s important to understand the risks and benefits associated with these loans before applying. If you decide to take out a payday loan, be sure to use it responsibly and only for necessary expenses.

F.A.Q.

What are the requirements for taking out a payday loan in Sylvania, Alabama?

To take out a payday loan in Sylvania, Alabama, you must be at least 18 years old, have a regular source of income, and have a valid checking or savings account.

How do I apply for a payday loan in Sylvania, Alabama?

To apply for a payday loan in Sylvania, Alabama, you can either visit a payday lender in person or apply online. In either case, you will need to provide some basic information, such as your personal details, employment information, and bank account information.