Payday Loans in Baker, Florida

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No payday loan companies in Baker, FL. Consider companies in other cities:

Company nameAddressZip codePhone number
Value Pawn & Jewelry 11788 FL-574, Seffner, FL 33584 +1 (813) 653 - 4688
PFS Financial Services 5007 N Davis Hwy 16, Pensacola, FL 32503 +1 (850) 475 - 7866
Regions Bank 1409 Sadler Rd, Fernandina Beach, FL 32034 +1 (904) 321 - 8570
Budget Auto Credit 625 Atlantic Blvd, Jacksonville, FL 32233 +1 (904) 727 - 4688
ACE Cash Express 2642 Tamiami Trail E, Naples, FL 34112 +1 (239) 417 - 2274
Cash Advance 875 Mason Ave, Daytona Beach, FL 32114 +1 (386) 401 - 0264
Raymond James Financial Services 1023 US-19, Holiday, FL 34691 +1 (727) 939 - 2500
Payday Loans Delray Beach 556 NE 2nd Ave, Delray Beach, FL 33444
Greenleaf Financial Strategies 8875 Hidden River Pkwy 300, Tampa, FL 33637 +1 (813) 367 - 2511
SunTrust 101 Lagrande Blvd, Lady Lake, FL 32159 +1 (352) 561 - 3401

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Baker, FL, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Cape Coral, FL, Guaranteed Loans in Clearwater, FL, Payday Loans in Clermont, FL, Payday Loans in Daytona Beach, FL, 24-Hour Loan in Deerfield Beach, FL, Payday Loans in Deland, FL, Emergency Loan in Delray Beach, FL and Payday Loans in Deltona, FL. 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 Baker, FL.

Beautiful sights of Baker, FL

Payday Loans Available in Baker, FL By The Following ZIP Codes:

32531

Are Payday Loans Legal In Baker, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Baker, Florida: cash advance loans , personal check loan s, installment loans . Employees may take advance loans for any period of time starting from 7 to 31 days regardless their earnings during the last one-year period. Payday loan approval is based on a borrower's credit report, which is provided by the lender and subject to verification. Credit report is delivered unchanged to the borrower who complies with lender's requirements.

Requests are usually being settled online; quick cash advance pickup service is offered as well.

Payday loans are taken for $500 and have repayment terms of 4 weeks after the date of deposit receipt. Interest rate is equal to 35% (rounded to the second decimal place); APR - 304%.

The maximum amount of all your payday loans at one time shall not exceed $500.

There is a cooling-off period of 24 hours between 2 consecutive loans.

One loan at a time is allowed. No rollovers are allowed. Criminal actions are prohibited. An administrative fee equal to 50 cents for every $10 received as an advance or rollover may be charged; fee amount depends on credit report evaluation results available 24 hours ahead of loan repayment stage, as well as it depends on contract characteristics.

Florida Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)304
Maximum Loan Amount$500 exclusive of the fees
Minimum Loan Term7 days
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges0.1

Baker, FL payday loan calculator

Payday Loans in Baker, Florida: A Comprehensive Guide

Payday loans are a type of short-term loan that has become increasingly popular in recent years. They provide borrowers with quick access to cash to meet their immediate financial needs, such as paying bills or covering unexpected expenses. In this article, we will explore the world of payday loans in Baker, Florida.

What are Payday Loans?

Payday loans are a type of short-term loan that is designed to be repaid in full on the borrower’s next payday. They are intended to provide temporary financial relief to those who need it most.

Florida is one of the few states in the US where payday loans are legal. The state limits the maximum loan amount to $500 with a maximum fee of 10% of the loan amount, and a loan term of up to 31 days. However, Florida also imposes strict regulations on the industry to protect consumers from predatory lending practices.

How Do Payday Loans Work?

The process of obtaining a payday loan in Baker, Florida is relatively simple. Borrowers must complete an application form, providing their personal and financial information. Then, lenders will review the application and decide whether to approve it or not.

If approved, borrowers will receive the loan amount directly into their checking account. On the due date, the lender will automatically withdraw the loan amount plus fees from the borrower’s account. Borrowers can also choose to repay the loan early without a penalty.

The Pros and Cons of Payday Loans

While payday loans provide quick access to cash for those with immediate needs, they also come with certain risks and downsides. Here are some of the pros and cons of payday loans:

  • Pros:
  • Quick and easy access to cash
  • No credit check required
  • Loan approval is based on income and ability to repay
  • Cons:
  • High interest rates and fees
  • Short-term repayment period
  • May lead to a cycle of debt
  • Can damage credit score if not repaid on time

Florida Payday Loan Regulations

Florida has set strict regulations on payday lending to protect its citizens from unfair practices. Some of the regulations include:

  • Maximum loan amount of $500 and a loan term of up to 31 days
  • Maximum fee of 10% of the loan amount
  • Limit of one loan at a time per borrower
  • Lenders must disclose all fees and terms of the loan in writing

Interesting Facts and Statistics about Payday Loans in Baker, Florida

  • In 2019, 7.4% of Floridians took out a payday loan
  • Florida has the second-highest payday lending rate in the US, following California
  • The average payday loan borrower takes out 8 loans per year, with an average loan amount of $375
  • According to a survey, 68% of payday loan borrowers took out a loan to cover unexpected expenses such as car repairs or medical bills

Applying for a Payday Loan on TheGuaranteedLoans

TheGuaranteedLoans is a trusted connector service that can help you connect with potential lenders for payday loans in Baker, Florida. Please note that we are not a direct lender and do not make credit decisions. We simply facilitate connections between borrowers and lenders.

If you are interested in applying for a payday loan on TheGuaranteedLoans, simply fill out our online application form with your personal and financial information. We will review your application and connect you with a lender if you meet their criteria. If approved, the lender will provide you with the loan amount and terms of the loan.

Thank you for reading our guide on payday loans in Baker, Florida. Remember to use payday loans responsibly and only when necessary. If you have any further questions, please do not hesitate to contact us.

F.A.Q.

Can payday lenders take legal action against me in Baker, Florida?

Yes, if you default on your payday loan in Baker, Florida, the lender may be able to take legal action against you to recover the unpaid loan amount. This could include filing a lawsuit against you or obtaining a judgment against you.

Can I be arrested for not paying back a payday loan in Baker, Florida?

No, it is illegal for a payday lender in Baker, Florida to threaten or attempt to arrest you for not paying back a payday loan. If you are being threatened with arrest, you should contact the Florida Office of Financial Regulation for assistance.