Payday Loans in North Miami Beach, Florida

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Payday Loan Companies in North Miami Beach, FL

Company nameAddressZip codePhone number
ACE Cash Express 1300 NE 163rd St 33162 +1 (305) 948 - 3382
Advance America 755 NE 167th St 33162 +1 (305) 651 - 5574
Check Cashing USA 13732 Biscayne Blvd 33181 +1 (305) 947 - 5300
Express Auto Lease 15200 Biscayne Blvd B 33160 +1 (855) 325 - 2886
Instant Payday Network 16017 NE 9th Ave 33162 +1 (786) 290 - 3596
The Check Cashing Store 16330 Dixie Hwy 33160 +1 (305) 949 - 5559
The Check Cashing Store 16330 W Dixie Hwy 33162 +1 (305) 949 - 5559

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in North Miami Beach, FL, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in North Port, FL, Quick Loan in Ocala, FL, Payday Loans in Ocoee, FL, Payday Loans in Orlando, FL, Payday Loans in Ormond Beach, FL, Payday Loans in Oviedo, FL, Payday Loans in Palm Bay, FL and Payday Loans in Palm Beach Gardens, 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 North Miami Beach, FL.

Beautiful sights of North Miami Beach, FL

Payday Loans Available in North Miami Beach, FL By The Following ZIP Codes:

33160

Are Payday Loans Legal In North Miami Beach, Florida?

Loan Rates and Fees, Laws and Regulations in Florida.

There are three active types of payday loans in North Miami Beach, 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

North Miami Beach, FL payday loan calculator

Payday Loans in North Miami Beach, Florida

Payday loans are short-term, high-interest, unsecured loans that are usually due on the borrower’s next payday. Despite their high-interest rates, payday loans are legal in the state of Florida, as long as lenders adhere to the state’s regulations. In North Miami Beach, Florida, payday loans are heavily regulated and borrowers have the opportunity to access these loans from a variety of financial institutions, both online and offline.

How Payday Loans Work

Payday loans offer borrowers who need quick access to cash with a short-term loan, usually ranging from $100 to $1000. The duration of a payday loan is usually a couple of weeks, and repayment is usually due on the borrower’s next payday. The borrower will be required to write a postdated check or authorize an electronic withdrawal from their bank account on the day of the loan’s due date.

Payday loans are intended to be a short-term solution, and they come with high-interest rates. For example, the annual percentage rate (APR) on a payday loan could be anywhere from 390% to 780%. None of the fees, rates, or terms of payday loans will be fixed, so it’s important for borrowers to shop around for the best terms and compare lenders before committing to a loan.

The Regulations in North Miami Beach, Florida

The Florida Office of Financial Regulation (OFR) licenses, regulates and supervises payday lenders in the state of Florida. In order to do business as a payday lender in North Miami Beach, Florida, lenders must be registered with the OFR and must comply with the state’s lending laws.

In order to prevent borrowers from falling into a debt cycle, the OFR has placed a number of restrictions on payday lenders:

  • Limits on Loan Amounts: Payday loans are limited to a maximum of $1000 or 25% of the borrower’s gross monthly income, whichever is less.
  • Limit on Fees and Interest: Payday lenders are not allowed to charge more than 10% of the loan amount for a loan. Furthermore, payday loans are capped at a maximum annual percentage rate (APR) of 30%.
  • Payment Plans: Borrowers have the option to enter into a payment plan if they are unable to repay the full amount of the loan when due. The payment plan must last at least 90 days.
  • Cooling Off Period: Borrowers are not allowed to take out a payday loan if they have already taken out or repaid a payday loan within the past 7 days.

How to Apply for a Payday Loan in North Miami Beach, Florida

Payday loans can be applied for online or in-person in North Miami Beach, Florida. When applying online, borrowers are required to fill out an application form, provide proof of income and bank account information and submit it for review.

When applying in-person, borrowers are required to bring valid identification, proof of income, and their bank account information. The lender will then review the application and decide whether to offer the loan or not.

F.A.Q.

Q: Are payday loans legal in North Miami Beach, Florida?

A: Yes, payday loans are legal in North Miami Beach, Florida. However, they are heavily regulated and lenders must adhere to the state’s regulations.

Q: What is the maximum amount I can borrow with a payday loan?

A: The maximum amount you can borrow with a payday loan in North Miami Beach, Florida is $1000 or 25% of your gross monthly income, whichever is less.

Q: What is the maximum interest rate I can be charged on a payday loan?

A: The maximum interest rate you can be charged on a payday loan in North Miami Beach, Florida is 30% APR.

Q: Is there a limit to the number of payday loans I can take out?

A: Yes, you are not allowed to take out a payday loan if you have already taken out or repaid a payday loan within the past 7 days.

Apply Now

If you are looking for a payday loan in North Miami Beach, Florida, TheGuaranteedLoans can connect you with lenders in your area. We are not a lender, but we will match you with lenders who can offer you a loan that meets your needs. Fill out our online application now to get started.

More F.A.Q.

Are there any consumer protections for payday loan borrowers in North Miami Beach, Florida?

Yes, there are consumer protections for payday loan borrowers in North Miami Beach, Florida. The state has laws in place to regulate the terms and conditions of payday loans, including maximum loan amounts, interest rates, and fees. Additionally, the Consumer Financial Protection Bureau (CFPB) offers resources and assistance for payday loan borrowers.

Is it possible to get out of debt from payday loans in North Miami Beach, Florida?

Yes, it is possible to get out of debt from payday loans in North Miami Beach, Florida. There are several strategies you can use to manage your debt, such as creating a budget, negotiating with your lenders, or seeking help from a credit counselor. It is important to take action and address your debt as soon as possible to avoid further financial consequences.

How Many Cash Advance Companies are in North Miami Beach, FL?

With the help of our service, you will be able to find 7 cash advance companies in North Miami Beach, FL

What Cash Advance Companies in North Miami Beach, FL are the most popular?

You should check The Check Cashing Store, ACE Cash Express, and Advance America. Also, you can start your application online on our website.