Payday Loans in Murdock, Florida

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

Company nameAddressZip codePhone number
CAMPUS USA Credit Union Governor's Crossing 101 N Blair Stone Rd 202, Tallahassee, FL 32301 +1 (850) 894 - 9098
Wells Fargo Bank 6360 Whiskey Creek Dr, Fort Myers, FL 33919 +1 (239) 432 - 2920
ACE Cash Express 5030 W Colonial Dr, Orlando, FL 32808 +1 (407) 578 - 5926
Advance America 10807 SE US Hwy. 441, Belleview, FL 34420 +1 (352) 347 - 8212
Mariner Finance 1607 Lisenby Ave E, Panama City, FL 32405 +1 (850) 763 - 8300
Apalachicola State Bank 612 Ave A N, Carrabelle, FL 32322 +1 (850) 697 - 3722
BB&T 34990 Emerald Coast Pkwy Ste 100, Destin, FL 32541 +1 (850) 269 - 4200
Seacoast Bank 2940 Cardinal Dr, Vero Beach, FL 32963 +1 (772) 231 - 4218
Donny Panasis - Mortgage Loan Officer 1159 Malabar Rd, Palm Bay, FL 32907 +1 (321) 223 - 9960
Capital City Bank 800 S Jefferson St, Monticello, FL 32344 +1 (850) 342 - 2500

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Murdock, FL, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in North Fort Myers, FL, Payday Loans in North Miami Beach, FL, 24-Hour Loan in North Port, FL, Bad Credit Loans in Ocala, FL, Same Day Loans in Ocoee, FL, Online Loans in Orlando, FL, Payday Loans in Ormond Beach, FL and Payday Loans in Oviedo, 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 Murdock, FL.

Are Payday Loans Legal In Murdock, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in Murdock, 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

Murdock, FL payday loan calculator

When unexpected expenses arise, such as a car repair or medical bill, and your paycheck isn’t due for a while, payday loans can be a solution to help bridge the gap. In Murdock, Florida, payday loans are legal and can be a helpful option for many individuals. Let’s dive deeper into what payday loans are, the laws and regulations in Murdock, and how to apply for one.

What are payday loans?

A payday loan is a short-term loan typically due on your next payday. The loan amount is usually small, ranging from $100 to $500, and is meant to be a quick solution for unexpected expenses. To be eligible for a payday loan, you must be 18 years or older, have a steady income, and a bank account.

Laws and regulations in Murdock

In Florida, payday loans are legal, and there are specific regulations in place to protect consumers. The Florida Office of Financial Regulation regulates lenders, ensuring they comply with state law. Lenders must be licensed and adhere to specific rules regarding loan amounts, fees, and repayment terms.

The maximum loan amount in Florida is $500, and the maximum term of the loan is 31 days. Lenders can charge a maximum fee of 10% of the loan amount, plus a $5 verification fee. For example, for a $100 loan, the fee can be $15. Lenders must give borrowers a copy of the loan agreement, which clearly outlines the loan amount, fees, and repayment terms, including the date the loan is due.

Benefits of payday loans

Payday loans can provide several benefits for individuals who need quick access to cash. The application process is relatively easy and can be done online or in-person. Lenders typically don’t perform a credit check, making payday loans a viable option for those with poor credit or no credit history. Additionally, borrowers can receive funds quickly, sometimes the same day they apply.

Drawbacks of payday loans

While payday loans can be a helpful option in certain situations, they also come with several drawbacks. The fees and interest rates can be steep, making it easy for borrowers to fall into a cycle of debt. If the loan isn’t paid in full on the due date, lenders can charge additional fees and interest, and the loan can be rolled over, resulting in more fees and interest. This can quickly become a financial burden for the borrower.

Interesting Statistics

  • According to a Pew Charitable Trusts report, approximately 2.5 million households in Florida have used payday loans.
  • Florida has the second-highest number of payday lending stores in the United States.
  • In Florida, the average payday loan is $375, and the average fee is $55.

Apply Now

Ready to apply for a payday loan in Murdock, Florida? TheGuaranteedLoans can help connect you with potential lenders that fit your specific needs. Fill out our online application today, and we’ll facilitate the process and connect you with lenders that offer payday loans in your area. Keep in mind that TheGuaranteedLoans is not a direct lender, but we’ll work closely with you every step of the way to ensure a smooth process. Start your application today!

F.A.Q.

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

Yes, there are several alternatives to payday loans in Murdock, Florida, such as small personal loans from banks or credit unions, or short-term loans from community organizations or non-profit organizations.

What should I consider before taking out a payday loan in Murdock, Florida?

Before taking out a payday loan in Murdock, Florida, you should carefully consider your financial situation and whether you will be able to repay the loan in full by the due date. You should also compare rates and fees from multiple lenders to ensure you are getting the best deal.