Payday Loans in Elkton, Florida

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

Company nameAddressZip codePhone number
Stearns Bank N.A. - Venice 201 Center Rd, Venice, FL 34285 +1 (941) 497 - 6660
Regions Bank 2303 Thonotosassa Rd, Plant City, FL 33563 +1 (813) 567 - 7070
American Momentum Bank 8625 Tamiami Trail N, Naples, FL 34108 +1 (239) 566 - 9395
Harrison Finance Co 4735 US-90, Marianna, FL 32446 +1 (850) 526 - 4288
Fast Payday Loans, Inc. 4157 Lafayette St, Marianna, FL 32446 +1 (850) 526 - 2224
Forrest H Hilton CPA 702 US Hwy 27 N, Avon Park, FL 33825 +1 (863) 452 - 2906
SunTrust Bank 14207 Fivay Rd, Hudson, FL 34667 +1 (727) 378 - 0353
SunTrust 13800 US-1, Sebastian, FL 32958 +1 (772) 228 - 3486
Payday Loans Fort Lauderdale 500-542 NW 6th Ave, Fort Lauderdale, FL 33311
TD Bank 595 S 6th St, Macclenny, FL 32063 +1 (904) 259 - 1628

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Elkton, FL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Sarasota, FL, Payday Loans in Spring Hill, FL, Payday Loans in Tallahassee, FL, Emergency Loan in Tampa, FL, Online Loans in The Villages, FL, Online Loans in Titusville, FL, 24-Hour Loan in Valrico, FL and Same Day Loans in Wesley Chapel, 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 Elkton, FL.

Beautiful sights of Elkton, FL

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

32033

Are Payday Loans Legal In Elkton, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Elkton, 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

Elkton, FL payday loan calculator

Payday Loans in Elkton, Florida: An Accessible Guide for Borrowers

Life can be unpredictable, and sometimes you find yourself in need of quick cash to cover unexpected expenses or emergencies. If you live in Elkton, Florida, and find yourself in a situation like this, one option you might consider is a payday loan.

What are Payday Loans?

A payday loan is a short-term loan that helps you bridge the gap between paychecks. You borrow a small amount of money, usually up to $500, and pay it back with interest on your next payday. Payday loans are designed to be quick and easy, with the application process taking a matter of minutes and approval often granted on the same day.

It’s important to note that payday loans are legal in Florida, although they are regulated by state law. This means that lenders must adhere to certain rules and regulations when providing payday loans to borrowers.

The Pros and Cons of Payday Loans

Like any financial decision, there are pros and cons to consider before taking out a payday loan in Elkton, Florida.

The Pros

  • Quick access to cash when you need it most
  • Flexible loan amounts and repayment terms
  • No credit check required

The Cons

  • High interest rates and fees
  • Short repayment term, which can lead to a cycle of debt if not managed carefully
  • Some disreputable lenders may engage in predatory lending practices

How to Apply for a Payday Loan

To apply for a payday loan in Elkton, Florida, you’ll need to provide some basic information to the lender. This might include your name, address, and employment details. You’ll also need to have a checking account in good standing, as well as a valid form of identification.

Once you’ve completed the application, you’ll typically receive a decision within a matter of minutes. If approved, you can usually receive your funds on the same day or within one business day.

Interesting Facts and Statistics about Payday Loans in Elkton, Florida

  • Florida is one of 25 US states that allow payday lending.
  • The Florida Office of Financial Regulation is responsible for regulating payday lenders in the state.
  • In 2019, Florida payday lenders made nearly 7.7 million loans, with a total value of almost $3.1 billion.
  • The average loan amount in Florida in 2019 was $398, and the average APR was 304%.

Apply Now for a Payday Loan in Elkton, Florida

If you’ve weighed the pros and cons and decided that a payday loan is the right option for you, we encourage you to fill out an application on TheGuaranteedLoans website. We’re a connector service that can help you connect with potential lenders in Elkton, Florida.

It’s important to note that we’re not a direct lender, and we don’t make loan decisions. Instead, we facilitate the application process and connect borrowers with lenders who may be able to provide the funds they need. Our service is free to use, and there’s no obligation to accept any offers you receive.

Applying for a payday loan can feel overwhelming, but with the right support, it doesn’t have to be. At TheGuaranteedLoans, we’re committed to helping our customers make informed financial decisions.

F.A.Q.

What are the maximum loan amounts and interest rates for payday loans in Elkton, Florida?

The maximum loan amount for a payday loan in Elkton, Florida is $500, and the maximum interest rate is 10% per month.

Are there any restrictions on the number of payday loans that can be taken out in Elkton, Florida?

Yes, in Elkton, Florida, borrowers are limited to one outstanding payday loan at a time.