Payday Loans in Charlotte, Tennessee

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

Company nameAddressZip codePhone number
Advance Financial 1115 S Dupree St, Brownsville, TN 38012 +1 (731) 506 - 1937
Mid-South Payday Loans, Title Loans, Check Advances, and Cash Advances 612 W Market St, Bolivar, TN 38008 +1 (731) 658 - 1600
SunTrust Bank 802 Scenic Hwy, Lookout Mountain, TN 37350 +1 (423) 508 - 0182
The Cash Company of Bristol 1734 Edgemont Ave, Bristol, TN 37620 +1 (423) 652 - 2274
Covington Credit 285 N Lowry St, Smyrna, TN 37167 +1 (615) 220 - 3436
Cash Express 201 Clinton Ave, Spring City, TN 37381 +1 (423) 365 - 2256
Advance America 1425 E Stone Dr Suite 4, Kingsport, TN 37660 +1 (423) 392 - 1994
Community Bank & Trust 575 S Main St, Ashland City, TN 37015 +1 (615) 792 - 0029
Pioneer Financial Services 1000 Waterford Pl 300, Kingston, TN 37763 +1 (865) 376 - 6552
Cash Express 103 E Main St, Woodbury, TN 37190 +1 (615) 563 - 9080

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Charlotte, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lebanon, TN, Payday Loans in Memphis, TN, Quick Loan in Mount Juliet, TN, Payday Loan for Murfreesboro, TN, Emergency Loan in Smyrna, TN, Short-term Loans in Spring Hill, TN, Payday Loan Companies in Brentwood, TN and Quick Loan in Chattanooga, 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 Charlotte, TN.

Beautiful sights of Charlotte, TN

Payday Loans Available in Charlotte, TN By The Following ZIP Codes:

37036

Are Payday Loans Legal In Charlotte, 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

Charlotte, TN payday loan calculator

Payday Loans in Charlotte, Tennessee

Payday loans are a type of short-term loan that is designed to help people deal with unexpected expenses or financial emergencies. These loans are often used by people who are unable to access traditional forms of credit, such as bank loans or credit cards, due to poor credit scores or low incomes. In this article, we will discuss payday loans specifically in Charlotte, Tennessee.

How Do Payday Loans Work?

Payday loans work by providing borrowers with a small amount of money, typically ranging from $100 to $1,000, that must be paid back on their next payday. Borrowers must provide proof of income and a valid ID to be eligible for a payday loan. The loan amount and fees are usually due in full on the borrower’s next payday, although there may be options to extend the repayment period.

Are Payday Loans Legal in Tennessee?

Yes, payday loans are legal in Tennessee. The state has specific regulations in place to protect borrowers and ensure that lenders are operating within the law. For example, payday lenders in Tennessee are required to be licensed and must comply with strict rules regarding interest rates, fees, and repayment terms.

Why Do People Use Payday Loans?

People use payday loans for a variety of reasons. The most common reasons include:

  • Unexpected expenses, such as car repairs or medical bills, that they are unable to pay for out of pocket
  • An emergency situation, such as a job loss or illness, that has disrupted their finances
  • A temporary shortfall in income that has left them unable to make ends meet

Payday loans may be a convenient option for people in these situations who are unable to access traditional forms of credit. However, it is important to remember that payday loans often come with very high interest rates and fees, which can make them very expensive over time.

Interest Rates and Fees

In Tennessee, payday lenders are allowed to charge up to 459% interest on a 14-day loan. This means that a borrower who takes out a $100 loan could end up paying as much as $219 in fees and interest if they are unable to repay the loan on time. In addition, many lenders charge additional fees for things like late payments or loan extensions.

Benefits of Payday Loans

Despite their high costs, payday loans can be a useful financial tool in certain situations. Benefits of payday loans include:

  • Easy application process
  • Quick access to cash
  • No credit check required
  • Ability to access funds even with a poor credit history or low income

However, it is important to consider the high costs associated with payday loans and only use them as a last resort.

Interesting Facts and Statistics About Payday Loans in Charlotte, Tennessee

  • In 2020, there were more than 1,000 payday lenders operating in Tennessee.
  • In Charlotte, Tennessee, the poverty rate is higher than the state average, which may contribute to the demand for payday loans.
  • The average payday loan borrower takes out 8 loans per year, with an average loan amount of $375.
  • Approximately 75% of payday loan borrowers in Tennessee take out new loans within two weeks of paying off their previous loan.

Apply Now

If you are considering a payday loan in Charlotte, Tennessee, TheGuaranteedLoans may be able to help. We are a connector service that can help connect you with potential lenders who may be able to offer you a loan. Simply fill out our online application to get started. Please note that we are not a direct lender and do not make lending decisions. We are here to facilitate the connection between borrowers and potential lenders.

Remember that payday loans are a high-cost form of credit and should only be used in emergencies or as a last resort. Before taking out a payday loan, be sure to understand the repayment terms and the associated costs.

F.A.Q.

What is a payday loan in Charlotte, Tennessee?

A payday loan is a short-term, high-interest loan that is typically used to cover unexpected expenses or urgent financial needs. in Charlotte, Tennessee, payday loans are typically small loans, ranging from $100 to $500, that are repaid on the borrower's next payday.

Are payday loans legal in Charlotte, Tennessee?

Yes, payday loans are legal in Charlotte, Tennessee. The state has specific regulations that govern payday lending, including maximum loan amounts, fees, and interest rates.