Payday Loans in Lee, Florida

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

Company nameAddressZip codePhone number
Bank of America with Drive-thru ATM 11682 N Williams St, Dunnellon, FL 34432 +1 (352) 465 - 2198
Chase Bank 11 N Indiana Ave, Englewood, FL 34223 +1 (941) 473 - 2810
Bay Area Fast Cash 15709 Charmwood Dr, Hudson, FL 34667 +1 (727) 258 - 2650
Forrest H Hilton CPA 702 US Hwy 27 N, Avon Park, FL 33825 +1 (863) 452 - 2906
Check Cashing USA 13732 Biscayne Blvd, North Miami Beach, FL 33181 +1 (305) 947 - 5300
Capstone Planning, LLC 31 Lupi Ct Suite 120, Palm Coast, FL 32137 +1 (386) 202 - 4498
Car Loan Unlimited 1025 N US Hwy 17 92, Longwood, FL 32750 +1 (800) 363 - 9534
Advance America 915 Doyle Rd Suite 107, Deltona, FL 32725 +1 (386) 574 - 4030
ACE Cash Express 1420 Missouri Ave N, Largo, FL 33770 +1 (727) 559 - 7164
ACE Cash Express 2606 SW 19th Avenue Rd #102, Ocala, FL 34471 +1 (352) 861 - 4255

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lee, FL, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Miami, FL, Online Loans in Miami Beach, FL, Online Loans in Navarre, FL, Payday Loans in North Fort Myers, FL, Payday Loans in North Miami Beach, FL, Payday Loans in North Port, FL, Same Day Loans in Ocala, FL and Payday Loans in Ocoee, 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 Lee, FL.

Beautiful sights of Lee, FL

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

32059

Are Payday Loans Legal In Lee, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Lee, 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

Lee, FL payday loan calculator

Payday Loans in Lee, Florida: A Comprehensive Guide

Payday loans are short-term loans that are designed to help people take care of unexpected expenses. These loans are particularly popular in Florida, and if you’re living in Lee, you can apply for one as well. Before you do that, it’s important to know a few things about payday loans in Lee, Florida.

How do payday loans work?

Payday loans are issued for a relatively small amount of money, usually between $100 and $500. They are intended to be paid back on the borrower’s next payday, usually within two to four weeks. In Florida, payday loans can be requested online, in-person, or by phone. State law restricts the amount of interest and fees that payday loan lenders can charge.

  • The maximum term of a payday loan in Florida is 31 days.
  • The maximum amount that can be borrowed is $500.
  • The maximum finance charge for a $100 payday loan for 14 days is $16.11.
  • The annual percentage rate (APR) for a payday loan can range from 260% to 782%.

What are the requirements?

To qualify for a payday loan in Lee, Florida, you must meet the following requirements:

  • Be at least 18 years old.
  • Be a U.S citizen or a permanent resident.
  • Have a regular income source, such as a job or a pension.
  • Have a valid checking account.
  • Provide proof of income and identification.

What are the pros and cons?

Like any financial product, payday loans come with certain advantages and disadvantages.

Pros:

  • Quick and easy access to cash when you need it.
  • No credit check, so even individuals with bad credit can still qualify.
  • The application process is simple and straightforward.
  • No collateral is required.

Cons:

  • Payday loans come with high-interest rates that can add up quickly, making it difficult to pay back the loan.
  • Some payday lenders may have predatory lending practices, which can lead to a cycle of debt that is difficult to escape.
  • A late payment fee can quickly snowball into unmanageable debt, especially when compounded with high-interest rates.

Interesting Facts and Statistics about Payday Loans in Lee, Florida

Here are some interesting facts and statistics about payday loans in Lee, Florida:

  • Florida is one of the states with the highest number of payday lenders.
  • According to Florida law, each borrower can take a maximum of one payday loan at a time. However, there are no restrictions on the number of loans a borrower can take out over the course of a year.
  • The average interest rate for a payday loan in Florida is 304%.
  • Between January and June 2020, Floridians took out more than 7.7 million payday loans, totaling over $2.8 billion.

Apply Now

If you’ve decided that a payday loan is the right choice for you, you can apply now on our website. TheGuaranteedLoans is a connector service that facilitates the connection between borrowers and potential lenders. Please note that we are not a direct lender and we do not provide loans ourselves. Instead, we work with a network of lenders to connect our clients with the best possible option. Our application process is simple and straightforward, and we aim to provide our clients with the best possible customer service.

Payday loans can be a lifesaver in times of urgent financial need, but they are not a long-term solution. If you’re considering a payday loan, make sure you understand the terms and conditions and are aware of the risks involved. Always borrow responsibly, and seek help if you find yourself struggling with debt.

F.A.Q.

Are there any alternatives to payday loans in Lee, Florida?

Yes, there are several alternatives to payday loans in Lee, Florida that may be more affordable and less risky for borrowers. These options include credit union loans, community development financial institution loans, and small personal loans from banks or online lenders.

How can I file a complaint about a payday lender in Lee, Florida?

Borrowers who have concerns or complaints about a payday lender in Lee, Florida can contact the Florida Office of Financial Regulation. This agency can investigate and take action against payday lenders who violate state laws or regulations.