Payday Loans in Bloomington Springs, Tennessee

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No payday loan companies in Bloomington Springs, TN. Consider companies in other cities:

Company nameAddressZip codePhone number
Checks To Cash 797 W Main St, Livingston, TN 38570 +1 (931) 823 - 4062
Venture Services 164 Cumberland Plaza, Crossville, TN 38555 +1 (931) 707 - 0400
World Finance 1243 Hwy 51 N, Ste 4, Ripley, TN 38063 +1 (731) 635 - 9077
AFC Automotive Finance Corp. 5400 Getwell Rd, Memphis, TN 38118 +1 (901) 541 - 6813
Cash Express, LLC 115 Walton Ferry Rd # 1, Hendersonville, TN 37075 +1 (615) 826 - 1120
Metro Check Cashing 4330 Ringgold Rd, Chattanooga, TN 37412 +1 (423) 622 - 2600
First Commerce Bank 304 College St W, Fayetteville, TN 37334 +1 (931) 438 - 0559
Check Into Cash 3801 Tennessee Ave Suite F, Chattanooga, TN 37409 +1 (423) 822 - 9803
World Finance 601 N Main St Ste D, Shelbyville, TN 37160 +1 (931) 684 - 3999
Tennessee Quick Cash, Inc. 24/7 5307 Mt View Rd, Antioch, TN 37013 +1 (615) 717 - 9800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Bloomington Springs, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Johnson City, TN, No Credit Check Loans in Kingsport, TN, Short-term Loans in Knoxville, TN, Payday Loans in La Vergne, TN, Payday Loans in Lebanon, TN, Payday Loan Without a Credit Check in Memphis, TN, Emergency Loan in Mount Juliet, TN and Payday Loans in Murfreesboro, TN. 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 Bloomington Springs, TN.

Are Payday Loans Legal In Bloomington Springs, Tennessee?

Loan Rates and Fees, Laws and Regulations in Tennessee.

Legal StatusLegal
Interest Rate (APR, %)460
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges15% of the amount of the check

Bloomington Springs, TN payday loan calculator

Payday Loans in Bloomington Springs, Tennessee

Are you facing an unexpected financial emergency, and need money quickly? A payday loan might be able to help you bridge the gap until your next paycheck. Payday loans are a type of short-term loan that are designed to help individuals with immediate financial needs. If you live in Bloomington Springs, Tennessee, payday loans are legal and available to you.

What is a Payday Loan?

A payday loan is a small loan, typically between $100 and $500, which is due on your next payday. These loans are designed to be short-term solutions to financial crises, and are not intended to be used for long-term borrowing. To qualify for a payday loan, you will need to provide proof of income and an active checking account.

How Do Payday Loans Work in Bloomington Springs, Tennessee?

In Bloomington Springs, Tennessee, payday loans are regulated by the Tennessee Department of Financial Institutions. Lenders are required to be licensed and follow strict guidelines to protect borrowers. Here are the key regulations in place:

– The maximum loan amount is $500
– The loan term cannot exceed 31 days
– The maximum finance charge is 15% of the loan amount
– Lenders cannot charge more than $15 per $100 borrowed
– You can only have one outstanding payday loan at a time

Advantages of Payday Loans

One of the most significant benefits of payday loans is that they are easy to obtain. Most lenders do not require a credit check, so even individuals with bad credit may be eligible. Additionally, payday loans can be a fast solution for unexpected expenses, such as medical bills or car repairs.

Disadvantages of Payday Loans

Despite their advantages, payday loans also have some drawbacks. High interest rates and fees can make these loans expensive, and they can quickly accumulate if you are unable to repay on time. Additionally, payday loans can create a cycle of debt if borrowers continually take out loans to cover the repayment of previous loans.

Interesting Facts and Statistics about Payday Loans in Bloomington Springs, Tennessee

– In 2019, over 1.4 million payday loans were taken out in Tennessee.
– In Tennessee, the average payday loan is for $375, with an average term of 14 days.
– 83% of payday loans in Tennessee are taken out to cover recurring expenses, such as bills and rent.

Apply Now

If you are facing an unexpected financial emergency, and need cash quickly, you can apply for a payday loan through TheGuaranteedLoans website. As a connector service, we work with a network of potential lenders who can provide you with the cash you need. Please note that we are not a direct lender, and the terms and conditions of your loan will be determined by the lender you are connected with.

Conclusion

Payday loans can be a helpful option for those facing unexpected financial emergencies. If you live in Bloomington Springs, Tennessee, these loans are legal and available to you, provided you meet the requirements and qualifications. However, it’s important to use payday loans responsibly and ensure that you will be able to repay the loan on time to avoid high fees and accumulating debt.

F.A.Q.

What are the eligibility requirements for payday loans in Bloomington Springs, Tennessee?

To be eligible for a payday loan in Bloomington Springs, Tennessee, you must be at least 18 years old, have a valid government-issued ID, proof of income, and an active checking account. Lenders may also require that you have a minimum credit score, but this varies by lender.

How much can I borrow with a payday loan in Bloomington Springs, Tennessee?

The maximum amount you can borrow with a payday loan in Bloomington Springs, Tennessee is $500, and the maximum loan term is 31 days. However, lenders may offer different loan amounts and terms, so it's important to compare your options carefully before choosing a lender.