Payday Loans in Coalfield, Tennessee

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

Company nameAddressZip codePhone number
BancorpSouth Bank 1624 Highway 51 S, Covington, TN 38019 +1 (901) 475 - 2560
Covington Credit 258 E Broadway Blvd #8, Jefferson City, TN 37760 +1 (865) 475 - 9894
White & Stafford Rental 1611 N Locust Ave, Lawrenceburg, TN 38464 +1 (931) 766 - 0746
Mid-Town Loans 1927 Decherd Blvd, Decherd, TN 37324 +1 (931) 962 - 1240
Advance Financial 503 S Mountain St, Smithville, TN 37166 +1 (615) 657 - 3076
Western Finance 2088 Lowes Dr #1, Clarksville, TN 37040 +1 (931) 645 - 4885
Cash Express 408 W Harper St, Troy, TN 38260 +1 (731) 536 - 0770
A A Title Pawn 11941 Chapman Hwy, Seymour, TN 37865 +1 (865) 609 - 6889
Check Into Cash 1217 Congress Pkwy S, Athens, TN 37303 +1 (423) 746 - 5091
Union Bank & Trust Company 201 E Main St, Livingston, TN 38570 +1 (931) 823 - 1247

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Coalfield, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gallatin, TN, Payday Loans in Germantown, TN, Guaranteed Loans in Hendersonville, TN, Online Loans in Jackson, TN, Payday Loans in Johnson City, TN, 24-Hour Loan in Kingsport, TN, Payday Loan Without a Credit Check in Knoxville, TN and Bad Credit Loans in La Vergne, 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 Coalfield, TN.

Beautiful sights of Coalfield, TN

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

37719

Are Payday Loans Legal In Coalfield, 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

Coalfield, TN payday loan calculator

Payday Loans in Coalfield, Tennessee: Everything You Need to Know

If you’re facing a financial emergency and need cash fast, you may have considered taking out a payday loan. Coalfield, Tennessee, is one of many places where payday loans are legal and readily available. But before you apply for one, it’s crucial to understand what payday loans are and how they work. In this article, we’ll provide you with all the information you need to know about payday loans in Coalfield, Tennessee.

What are Payday Loans?

A payday loan is a short-term, high-interest loan that typically must be repaid on the borrower’s next payday. The borrower writes a post-dated check to the lender, which the lender cashes on the due date. Payday loans are designed to help people who are facing a temporary financial setback and need access to cash quickly.

How do Payday Loans Work in Coalfield, Tennessee?

Payday loans are legal in Tennessee, including Coalfield. The state has regulations in place to protect borrowers, such as capping the loan amount at $500 and the length of the loan term at 31 days. The interest rate on a payday loan in Tennessee is typically around 400%, which is significantly higher than other types of loans.

To apply for a payday loan in Coalfield, Tennessee, you’ll need to provide the lender with proof of income, such as a paycheck stub or bank statement, and a government-issued ID. Some lenders may also require you to provide a post-dated check or authorize an electronic debit from your account on the due date.

Benefits of Payday Loans

  • Payday loans are easy to obtain, with most lenders offering online applications and fast approval times.
  • Payday loans can be a helpful option for people with bad credit, as lenders typically don’t perform a credit check.
  • Payday loans can provide a fast infusion of cash in an emergency situation.

Drawbacks of Payday Loans

  • The interest rates on payday loans are significantly higher than other types of loans, making them a more expensive option in the long run.
  • Payday loans can trap borrowers in a cycle of debt, as the high interest rates can make it difficult to repay the loan on time.
  • Payday loans can be a risky choice for people who are already facing financial difficulties, as they may end up owing more in fees and interest than they can afford to repay.

Interesting Facts and Statistics about Payday Loans in Coalfield, Tennessee

  • In Tennessee, the average payday loan amount is $387, with an average finance charge of $51.
  • More than half of payday loan borrowers in Tennessee are women, and many are single mothers.
  • According to a study by the Center for Responsible Lending, the payday loan industry drains $459 million in fees each year from Tennessee’s economy.

Apply Now for a Payday Loan in Coalfield, Tennessee

If you’re considering applying for a payday loan in Coalfield, Tennessee, we can help connect you with potential lenders. At TheGuaranteedLoans, we’re a connector service, not a direct lender. We’ll help facilitate your connection with lenders who may be able to offer you a payday loan that meets your needs. Click the ‘Apply Now’ button below to start the process.

Remember, it’s important to carefully consider your options before taking out a payday loan. Understand the terms and conditions of the loan and make sure the repayment plan fits within your budget.

With that being said, payday loans can be a useful financial tool in certain situations. If you’re facing a temporary financial setback and need cash fast, a payday loan may be a solution that can help you get back on track.

F.A.Q.

What should I do if I can't repay my payday loan in Coalfield, Tennessee?

If you're unable to repay your payday loan in Coalfield, Tennessee, you have several options. You can contact your lender and request an extension or payment plan, seek assistance from a nonprofit credit counseling agency, or consider refinancing your loan with a lower-interest personal loan or line of credit. However, if you're unable to find a solution, you may face late fees, damage to your credit score, or legal action from your lender.

What is a payday loan in Coalfield, Tennessee?

A payday loan in Coalfield, Tennessee is a short-term, high-interest loan that is designed to provide quick financial assistance to individuals who need money before their next paycheck arrives. These loans are typically for small amounts and are usually repaid within a few weeks.