Payday Loans in Foyil, Oklahoma

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No payday loan companies in Foyil, OK. Consider companies in other cities:

Company nameAddressZip codePhone number
Liberty Tax and Loans 200 SE Washington Blvd A Ste a, Bartlesville, OK 74006 +1 (918) 331 - 0628
Touchdown Loans 103 S 9th St #110, Duncan, OK 73533 +1 (580) 786 - 4276
Approved Cash 1800 S Muskogee Ave Suite #3, Tahlequah, OK 74464 +1 (918) 453 - 1384
Covington Credit 222 S Mississippi Ave, Ada, OK 74820 +1 (580) 421 - 9447
Empire Finance Inc 103 E 2nd St # 2, Claremore, OK 74017 +1 (918) 342 - 3031
IBC Bank 3108 E 1st St, Chandler, OK 74834 +1 (405) 258 - 2351
Arvest Bank 1521 W, OK-51, Wagoner, OK 74467 +1 (918) 485 - 7380
First National Bank of Davis 227 E Main St, Davis, OK 73030 +1 (580) 369 - 2325
IBC Bank 1504 W 3rd St, Elk City, OK 73644 +1 (580) 225 - 7200
Bank of Oklahoma 3815 SE Frank Phillips Blvd, Bartlesville, OK 74006 +1 (918) 335 - 5311

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Foyil, OK, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Owasso, OK, Payday Loans in Shawnee, OK, Short-term Loans in Stillwater, OK, Payday Loans in Tulsa, OK, Emergency Loan in Bartlesville, OK, Payday Loans in Broken Arrow, OK, Payday Loans in Edmond, OK and Emergency Loan in Enid, OK. 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 Foyil, OK.

Beautiful sights of Foyil, OK

Payday Loans Available in Foyil, OK By The Following ZIP Codes:

74031

Are Payday Loans Legal In Foyil, Oklahoma?

Loan Rates and Fees, Laws and Regulations in Oklahoma.

Oklahoma Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)395
Maximum Loan Amount$500
Minimum Loan Term12 days
Maximum Loan Term45 days
Number of Rollovers AllowedNot specified
Finance Charges<$300 = $15 >$300 = $10 for every additional $100

Foyil, OK payday loan calculator

Payday Loans in Foyil, Oklahoma

If you’re struggling to make ends meet and need quick access to cash, you might be considering a payday loan. In Foyil, Oklahoma, payday loans are legal as per state law, but there are regulations in place to protect borrowers from predatory lending practices. In this article, we’ll provide an in-depth overview of payday loans in Foyil, Oklahoma, including how they work, the regulations surrounding them, and alternative options you might consider.

What are Payday Loans?

Payday loans are short-term loans designed to provide quick access to cash for individuals who need it. They are usually for small amounts, typically ranging from $100 to $500, and are repaid within a few weeks or months, depending on the lender. To apply for a payday loan, borrowers must have a reliable source of income, such as a job, and a bank account. They also need to provide personal information, such as their name and contact details, and proof of income.

Payday loans are often used to cover unexpected expenses, such as medical bills or car repairs, or to bridge the gap between paychecks. However, they come with high interest rates and fees, making them a costly option for borrowing money.

Regulations for Payday Loans in Foyil, Oklahoma

As mentioned earlier, payday loans are legal in Oklahoma, including Foyil. However, there are regulations in place to protect borrowers from predatory lending practices. The maximum amount a borrower can get is $500, and the loan term cannot exceed 45 days. The maximum interest rate lenders can charge is 17% per $100 borrowed, which translates to an annual percentage rate (APR) of 405%, making payday loans one of the most expensive forms of borrowing.

Moreover, Oklahoma State law requires lenders to disclose all loan information, including fees and interest rates, in writing before a borrower signs a loan agreement. This helps borrowers understand the full cost of the loan and avoid getting trapped in a cycle of debt.

Alternatives to Payday Loans

Although payday loans can provide quick access to cash, they come with high interest rates and fees, making them a costly option for borrowing money. Therefore, borrowers should consider alternative options before applying for a payday loan.

  • Credit Card Cash Advance: Borrowers can use their credit card to withdraw cash, but they should be aware that this option comes with high interest rates and fees, just like payday loans.
  • Personal Loans: Personal loans are another option for borrowing money, but they usually come with longer repayment terms and lower interest rates than payday loans. However, borrowers need to have a good credit score to qualify for a personal loan.
  • Borrow from Family or Friends: Borrowing money from family or friends might be a better option than taking out a payday loan, as it usually comes with little or no interest. However, borrowers should be careful not to damage their relationship with loved ones.

Interesting Facts about Payday Loans in Foyil, Oklahoma

  • In 2019, Oklahoma had the highest number of payday loan stores per capita in the US, at 1,340 per million people.
  • The average interest rate for payday loans in Oklahoma is 391%, which is one of the highest in the nation.
  • More than 75% of payday loans in Oklahoma are taken out by borrowers who take out multiple loans throughout the year.

Apply Now

If you’ve considered your options and decided that a payday loan is the best choice for your financial situation, you can apply for a loan through TheGuaranteedLoans, a connector service that helps borrowers find lenders that meet their needs. Keep in mind that TheGuaranteedLoans is not a direct lender and will not make loan decisions on your behalf. Instead, they will connect you with potential lenders in Foyil, Oklahoma, who will review your application and determine your eligibility.

To begin your application process with TheGuaranteedLoans, visit our website and fill out our online application form. We’ll ask you to provide some basic information about yourself and your financial situation, such as your name, address, and employment status. Once you submit your application, we’ll connect you with potential lenders in Foyil, Oklahoma, who may be able to offer you a payday loan that meets your needs.

Final Thoughts

Payday loans can provide quick access to cash, but they come with high interest rates and fees, making them a costly option for borrowing money. Moreover, payday loans can trap borrowers in a cycle of debt, leading to financial distress. Therefore, borrowers should consider alternative options, such as personal loans or borrowing from family or friends, before taking out a payday loan. If you’ve decided that a payday loan is the best choice for your financial situation, be sure to work with a reputable lender who complies with state regulations and provides transparent loan information.

F.A.Q.

How do I qualify for a payday loan in Foyil, Oklahoma?

In general, you must be 18 years or older, have a valid ID and a source of income to qualify for a payday loan in Foyil, Oklahoma.

What are the maximum loan amounts and fees for payday loans in Foyil, Oklahoma?

in Foyil, Oklahoma, the maximum loan amount is $500, and the maximum finance charge is $15 per $100 borrowed.