Installment Loans in Chelsea, Alabama

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No installment loan companies in Chelsea, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
Ezmoney 614 9th Ave N, Bessemer, AL 35020
World Finance 1225 Snow St Ste 7, Oxford, AL 36203 +1 (256) 831 - 6400
Listerhill Credit Union 15365 AL-74, Double Springs, AL 35553 +1 (205) 489 - 8761
Security Finance 1432 S Eufaula Ave, Eufaula, AL 36027 +1 (334) 687 - 4107
Check Into Cash 3706 US-280, Alexander City, AL 35010
General Finance 18 S Perry St, Montgomery, AL 36104 +1 (334) 834 - 2380
Security Finance 5212 Cottage Hill Rd Suite A, Mobile, AL 36609 +1 (251) 665 - 4644
World Finance 233 S 3rd St, Gadsden, AL 35901 +1 (256) 543 - 2038
Easy Money 28691 US-98 D, Daphne, AL 36526
Liberty Finance 1949 Gault Ave N STE 103, Fort Payne, AL 35967 +1 (256) 844 - 2208

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Chelsea, AL, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Prichard, AL, Installment Loans in Sylacauga, AL, Installment Loans in Talladega, AL, Installment Loans in Troy, AL, Installment Loans in Trussville, AL, Installment Loans in Tuscaloosa, AL, Installment Loans in Valley, AL and Installment Loans in Vestavia Hills, AL. 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 Chelsea, AL.

What are Installment Loans?

When you require a loan for a large purchase or emergency expenses, you may consider an installment loan. Installment loans involve borrowing a fixed amount of money and paying it back in scheduled payments, or installments, over a set period of time.

Installment loans in Chelsea, Alabama, are legal and popular with residents in need of short-term funding. They provide flexible repayment terms and can be used for various purposes, including home improvements, medical bills, or unexpected expenses.

How do Installment Loans Work in Alabama?

In Alabama, installment loans are governed by the Alabama Small Loan Act. Under this law, lenders can offer loans up to $2,000 with a maximum repayment period of 12 months.

The interest rates on installment loans in Alabama vary depending on the lender and the borrower’s creditworthiness. However, they are typically higher than traditional bank loans due to the increased risk to the lender.

Borrowers can often apply for an installment loan online or at a physical store location, and receive the funds on the same day or within one business day.

The Benefits of Installment Loans

  • Flexible repayment terms
  • Quick approval process
  • Can be used for various purposes
  • No collateral required
  • May help improve credit score if payments are made on time

However, it’s important to note that installment loans may come with higher fees and interest rates than other forms of credit. It’s crucial to read the terms and conditions carefully before accepting the loan to avoid future financial challenges.

Interesting Facts and Statistics about Installment Loans in Chelsea, Alabama

  • The average loan amount for installment loans in Chelsea, Alabama is $1,200.
  • The annual percentage rate (APR) for installment loans in Alabama can range from 200% to 450%.
  • In 2019, there were approximately 163,000 installment loan borrowers in Alabama.
  • Approximately 65% of Alabama installment loan borrowers use the loans to pay for unexpected expenses or bills.

Apply Now with TheGuaranteedLoans

If you’re in need of an installment loan in Chelsea, Alabama, TheGuaranteedLoans can help. We’re a connector service that matches borrowers with potential lenders. Our online application process is quick and easy, and can help you find a lender that suits your needs.

Please note, TheGuaranteedLoans is not a direct lender and does not make loan decisions. We only facilitate the connection between lenders and borrowers. It’s important to carefully review the loan terms and conditions before accepting a loan offer.

Get started by visiting our website and filling out an online application today.

Remember, installment loans may provide a solution for short-term financial needs, but it’s essential to borrow responsibly and avoid overloading your finances with debt.

Installment Loans Available in Chelsea, AL By The Following ZIP Codes:

35043

Chelsea, AL installment loan calculator

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Chelsea, AL?

Yes, you can get a no credit check loan in Chelsea, AL when you apply online.

How to Get a Bad Credit Loans in Chelsea, AL?

To apply for a bad credit loan in Chelsea, AL, you need to find a direct loan lender online.