Payday Loans in Oakdale, Tennessee

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

Company nameAddressZip codePhone number
Clarksville Title Loans 1400 Fort Campbell Blvd, Clarksville, TN 37042 +1 (931) 551 - 9233
Advance America 4690 Knight Arnold Rd, Memphis, TN 38118 +1 (901) 363 - 8040
First Metropolitan Financial Services 7124 US-64, Memphis, TN 38133 +1 (901) 388 - 3814
Title Cash Title & Payday Loans 1015 Hillsboro Blvd, Manchester, TN 37355 +1 (931) 728 - 0119
Cash Express 5619 Main St #101, Ooltewah, TN 37363 +1 (423) 910 - 1842
Y-12 Federal Credit Union 450 N Charles G Seivers Blvd, Clinton, TN 37716 +1 (865) 482 - 1043
Advance America 909 New Hwy 68, Sweetwater, TN 37874 +1 (423) 337 - 7220
First Horizon Bank 602 Cosby Hwy, Newport, TN 37821 +1 (423) 625 - 0436
CCA Convenient Check Advance 1406 US-70 C, Dickson, TN 37055 +1 (615) 441 - 6693
SunTrust 222 W Madison St, Pulaski, TN 38478 +1 (931) 371 - 3127

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Oakdale, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Cookeville, TN, Payday Loan Companies in Franklin, TN, Payday Loans in Gallatin, TN, Payday Loans in Germantown, TN, Online Loans in Hendersonville, TN, Payday Loan for Jackson, TN, Same Day Loans in Johnson City, TN and Guaranteed Loans in Kingsport, 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 Oakdale, TN.

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

37829

Are Payday Loans Legal In Oakdale, 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

Oakdale, TN payday loan calculator

Introduction:

Payday loans are a popular financial product in Oakdale, Tennessee. These short-term loans allow borrowers to access quick cash to cover unexpected expenses or bridge the gap until the next paycheck. If you are in a financial jam and need access to funds fast, payday loans may be a viable option. However, it’s important to understand the ins and outs of these loans before signing on the dotted line.

What Are Payday Loans?

Payday loans are defined as short-term, high-interest loans that are meant to be repaid on the borrower’s next payday. They are typically small-dollar loans, ranging from a few hundred to a few thousand dollars, and are used to cover unexpected expenses or emergencies. Some common uses include car repairs, medical bills, or to avoid late fees on important bills.

How Do Payday Loans Work?

Payday loans are easy to obtain. To apply, all you need is a government-issued ID, proof of income, and an open checking account. Loan amounts are based on your income and the lender’s discretion.

The borrower agrees to repay the loan on their next payday, which is typically 2-4 weeks from the loan origination date. The lender will typically hold a post-dated check for the loan amount plus fees or will request access to the borrower’s bank account to withdraw the funds on the due date.

If the borrower is unable to repay the loan on the due date, they can request an extension or “rollover”, which allows them to pay additional fees to extend the loan for another 2-4 weeks. This can quickly add up and result in a cycle of debt for the borrower.

Payday Loan Regulations in Oakdale, Tennessee

Payday loans are legal in Tennessee. The state has strict regulations in place to protect borrowers from predatory lending practices. According to the Tennessee Department of Financial Institutions, licensed lenders must:

  • Limit the loan amount to $500 or less.
  • Charge no more than 15% of the loan amount as a fee or interest.
  • Not allow extensions or rollovers to extend the loan beyond 31 days.
  • Provide borrowers with a written loan agreement outlining the terms and conditions.

It’s important to note that while these guidelines are in place, borrowers are still encouraged to exercise caution when considering a payday loan. These loans can be expensive and can quickly lead to a cycle of debt if not used properly.

Interesting Facts and Statistics About Payday Loans in Oakdale, Tennessee

  • In Tennessee, the average payday loan is $375.
  • The maximum loan term in Tennessee is 31 days.
  • Tennessee has one of the highest concentrations of payday lenders in the US.

Apply Now:

At TheGuaranteedLoans, we understand that unexpected expenses can occur at any time. That’s why we offer a quick and easy online application process to connect you with potential lenders. Fill out our simple application today and get the funds you need in as little as one business day.

Please note that TheGuaranteedLoans is not a direct lender. We are a connector service that facilitates the connection between borrowers and potential lenders. Loan terms, fees, and interest rates will vary depending on the lender and the borrower’s creditworthiness.

Conclusion:

Payday loans can be a helpful tool if used responsibly. However, borrowers should exercise caution and only use them for emergencies or unexpected expenses. If you are considering a payday loan in Oakdale, Tennessee, be sure to do your research and understand the regulations in place to protect borrowers.

F.A.Q.

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

If you're unable to repay your payday loan in Oakdale, 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 Oakdale, Tennessee?

A payday loan in Oakdale, 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.