Payday Loans in Balm, Florida

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

Company nameAddressZip codePhone number
Highlands Independent Bank 6505 US-27, Sebring, FL 33870 +1 (863) 314 - 9797
SunTrust Bank 203 E Tarpon Ave, Tarpon Springs, FL 34689 +1 (727) 940 - 9597
SunTrust Bank 33075 US Hwy 19 N, Palm Harbor, FL 34684 +1 (727) 431 - 6617
Payday Loans Hialeah W 39th St, Hialeah, FL 33012
PeoplesSouth Bank 1615 Main St, Chipley, FL 32428 +1 (850) 415 - 1320
Ameris Bank 11790 Panama City Beach Pkwy, Panama City Beach, FL 32407 +1 (850) 236 - 9377
Payant Wealth Management Group 1653 Sun City Center Plaza, Sun City Center, FL 33573 +1 (813) 633 - 7333
Noble Funding 6501 Congress Ave 100, Boca Raton, FL 33487 +1 (800) 916 - 3196
SunTrust Bank 36105 E Lake Rd S, Palm Harbor, FL 34685 +1 (727) 431 - 6637
Quick Lane Auto Center New Smyrna Beach 2311 FL-44, New Smyrna Beach, FL 32168 +1 (386) 467 - 4944

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Balm, FL, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Dunedin, FL, Payday Loans in Estero, FL, Bad Credit Loans in Fort Lauderdale, FL, No Credit Check Loans in Fort Myers, FL, Payday Loan for Fort Pierce, FL, Payday Loan for Gainesville, FL, Online Loans in Hialeah, FL and Payday Loans in Hollywood, 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 Balm, FL.

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

33503

Are Payday Loans Legal In Balm, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Balm, 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

Balm, FL payday loan calculator

Understanding Payday Loans in Balm, Florida

Payday loans are short-term loans that are generally taken out to cover a borrower’s expenses until their next payday. They are usually issued for small amounts of money, typically $500 or less, and can have very high interest rates and fees attached.

In the state of Florida, payday loans are legal and regulated by the Florida Office of Financial Regulation. However, the state has established several rules and regulations that lenders must follow to protect consumers from predatory lending practices.

The Application Process

The application process for a payday loan is typically fast and easy. Many lenders, including those located in Balm, Florida, offer online applications that take only a few minutes to complete. To be eligible for a payday loan, the borrower must be at least 18 years old and have a steady source of income.

Once the application is submitted, the lender will typically review the borrower’s credit history and financial situation to determine if they are eligible for a loan. If approved, the borrower will receive the funds within a few hours or the next business day.

The Pros and Cons of Payday Loans

Despite their convenience, payday loans come with several pros and cons that borrowers should be aware of before taking out a loan.

Pros

  • Quick and easy application process.
  • Short repayment period, usually within 30 days.
  • No credit check required.
  • Can be used for a variety of expenses, including car repairs, medical bills, and utility bills.

Cons

  • High interest rates and fees that can quickly add up.
  • Easy to fall into a cycle of debt if the loan is not repaid on time.
  • May damage a borrower’s credit score if not repaid on time.
  • Can be a costly way to borrow money.

Interesting Facts and Statistics

In 2019, Florida residents took out over 7.7 million payday loans, totaling over $3.1 billion in loans. The average payday loan in Florida was $398, with an average annual percentage rate (APR) of 296%. Despite the high costs associated with payday loans, many borrowers continue to use them as a source of quick cash when they need it.

Apply Now

If you are considering a payday loan and are located in Balm, Florida, TheGuaranteedLoans can help connect you with potential lenders. Please note that we are a connector service and not a direct lender. To apply for a loan, simply fill out our online application and we will connect you with lenders who may be able to provide you with the funds you need. Remember to borrow responsibly and only take out a loan if you are sure you can repay it on time.

In conclusion, payday loans are a convenient way for many borrowers to get the money they need quickly. However, they also come with high costs and risks that borrowers should be aware of before taking out a loan. If you are considering a payday loan in Balm, Florida, be sure to do your research and borrow responsibly.

F.A.Q.

Can payday lenders charge late fees in Balm, Florida?

Yes, payday lenders in Balm, Florida are allowed to charge a late fee of up to 5% of the unpaid loan amount if the loan is not repaid by the due date.

Can payday lenders contact me at work in Balm, Florida?

Yes, payday lenders in Balm, Florida are allowed to contact you at work to collect on a defaulted loan. However, they are not allowed to harass or abuse you in any way, and they must stop contacting you at work if you request it.