Payday Loans in Laconia, Tennessee

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

Company nameAddressZip codePhone number
Cash Express 486 Bell Rd, Nashville, TN 37217 +1 (615) 367 - 3663
First Horizon Bank 210 W Main St, Rogersville, TN 37857 +1 (423) 272 - 2300
World Finance 3538 Tom Austin Hwy Ste 9, Springfield, TN 37172 +1 (615) 384 - 9300
Cash City 214 Gallatin Pike S, Madison, TN 37115 +1 (615) 860 - 7700
Cash Express 126 E Bryant St, Smithville, TN 37166 +1 (615) 597 - 3427
Pioneer Credit Company 104 W Walnut St, Smithville, TN 37166 +1 (615) 597 - 9930
Pioneer Credit Company 425 Main St, Dayton, TN 37321 +1 (423) 775 - 3347
First-Sun Finance 3551 N Broadway, Knoxville, TN 37917 +1 (865) 687 - 3228
Advance America - Closed 138 Gallatin Pike S, Madison, TN 37115 +1 (615) 868 - 6643
Clarksville Cash Advance 1400 Fort Campbell Blvd, Clarksville, TN 37042 +1 (931) 551 - 3233

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Laconia, TN, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Johnson City, TN, Payday Loan Without a Credit Check in Kingsport, TN, Bad Credit Loans in Knoxville, TN, Payday Loans in La Vergne, TN, No Credit Check Loans in Lebanon, TN, Payday Loans in Memphis, TN, Payday Loan Without a Credit Check 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 Laconia, TN.

Are Payday Loans Legal In Laconia, 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

Laconia, TN payday loan calculator

If you are in Laconia, Tennessee, and need some quick cash, payday loans might seem like the solution to your financial woes. Payday loans are legal in Tennessee, and they can provide fast cash to people who need it most. However, these loans can also have high interest rates, which can be challenging to manage. So, before you take out a payday loan, let’s explore some of the details you should know.

What Are Payday Loans?

Payday loans are short-term loans that are usually due on the borrower’s next payday. The loans typically range from $100 to $500, and they are available to people who have a steady income and a checking account. The borrower writes a post-dated check for the loan amount plus fees, and then the lender provides the borrower with cash or a direct deposit into their bank account. In Tennessee, payday loan stores operate as check cashers.

How Do Payday Loans Work in Laconia, Tennessee?

If you are interested in applying for a payday loan in Laconia, Tennessee, the process is relatively straightforward. You will need to provide the lender with a post-dated check or authorize an electronic debit from your bank account. The lender will then provide you with the cash or deposit the funds directly into your bank account.

However, it’s important to note that payday loans have a high-interest rate. According to Tennessee law, the annual percentage rate (APR) cannot be more than 460% for a 14-day loan. This means that a borrower could pay up to $30 in fees for every $100 borrowed. Given the high-interest rate, it is essential to borrow only what you need and pay the loan back promptly.

What Are the Requirements for Payday Loans in Laconia, Tennessee?

If you want to take out a payday loan in Laconia, Tennessee, you will need to meet several requirements. Firstly, you must have a steady income, whether it comes from a job or government benefits, and you must have a checking account. Additionally, you must be at least 18 years old and a US citizen or permanent resident.

What Are the Benefits of Payday Loans?

  • Payday loans provide fast cash to people who need it most.
  • You don’t need to have perfect credit to qualify for a payday loan.
  • You can use the funds for any purpose you wish.

What Are the Risks of Payday Loans?

  • Payday loans come with high-interest rates, which can be difficult to manage if you don’t pay the loan back on time.
  • The fees for payday loans can be higher than the loan amount itself.
  • If you don’t repay the loan on time, the lender can charge additional fees and even take legal action against you.

Interesting Facts About Payday Loans in Laconia, Tennessee

  • The average payday loan in Tennessee has an APR of 391%.
  • In 2019, Tennessee payday lenders took $226 million in fees alone.
  • Tennessee law allows borrowers to take out as many as three payday loans at a time, provided the total does not exceed $500.

Apply Now for a Payday Loan in Laconia, Tennessee

If you need quick cash and qualify for a payday loan, TheGuaranteedLoans can help you connect with potential lenders. Our service is not a direct lender, but we can facilitate your connection with lenders who can provide payday loans in Laconia, Tennessee. Fill out our online application today and get the cash you need to manage your financial situation.

F.A.Q.

Is there a cooling-off period for payday loans in Laconia, Tennessee?

Yes, there is a cooling-off period for payday loans in Laconia, Tennessee. After you have taken out and repaid four consecutive payday loans, you must wait at least 48 hours before taking out another loan. This cooling-off period is designed to give borrowers time to evaluate their financial situation and determine if they can afford to take on more debt.

Can I apply for a payday loan online in Laconia, Tennessee?

Yes, you can apply for a payday loan online in Laconia, Tennessee. Many payday loan lenders offer online applications and services, which can be convenient for borrowers who do not have time to visit a physical location. It is important to research and compare lenders to find the best rates and terms for your needs.