Payday Loans in Oakfield, Tennessee

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

Company nameAddressZip codePhone number
Check Into Cash 2244 N Roan St #101, Johnson City, TN 37601 +1 (423) 232 - 1452
One Bank of Tennessee 15730 Scott Hwy, Oneida, TN 37841 +1 (423) 286 - 2265
Advance Financial 309 E High St, Lebanon, TN 37087 +1 (615) 449 - 5643
1st Franklin Financial 541 W Church St, Lexington, TN 38351 +1 (731) 249 - 0433
World Finance 1203 Murfreesboro Rd Ste 180, Franklin, TN 37064 +1 (615) 599 - 8787
Check Into Cash 2926 Lamar Ave #109, Memphis, TN 38114 +1 (901) 744 - 3230
Payday Place Inc 828 Granger Cir, Dyersburg, TN 38024 +1 (731) 287 - 0221
First Volunteer Bank 106 TN-20, Summertown, TN 38483 +1 (931) 762 - 8302
Simmons Bank 202 N Kentucky St, Kingston, TN 37763 +1 (865) 717 - 3400
Citizens Bank & Trust Co. of Grainger County 870 Rutledge Pike, Blaine, TN 37709 +1 (865) 933 - 3408

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Oakfield, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Knoxville, TN, Same Day Loans in La Vergne, TN, Payday Loan Without a Credit Check in Lebanon, TN, Emergency Loan in Memphis, TN, Payday Loans in Mount Juliet, TN, Online Loans in Murfreesboro, TN, Payday Loans in Smyrna, TN and Online Loans in Spring Hill, 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 Oakfield, TN.

Are Payday Loans Legal In Oakfield, 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

Oakfield, TN payday loan calculator

Payday Loans in Oakfield, Tennessee: What You Need to Know

Are you experiencing a financial emergency and need cash quickly? You might be considering a payday loan. In Oakfield, Tennessee, payday loans are legal and can be a helpful option for those who need emergency cash. However, before considering a payday loan, it is important to understand the risks and benefits associated with this type of lending.

How Do Payday Loans Work?

A payday loan is a short-term loan designed to provide emergency cash to individuals who need it. Typically, payday loans are due on the borrower’s next payday and require the borrower to provide a post-dated check or access to their bank account in order to receive the loan.

In Oakfield, Tennessee, payday loans can be for up to $425, and lenders can charge up to 15% interest for each $100 borrowed. This means that if you borrow $100, you will need to repay $115 on your next payday.

The Benefits of Payday Loans

Payday loans can be beneficial in certain situations. They are designed to provide emergency cash quickly, which can be helpful if you have an unexpected expense or bill. Additionally, payday loans do not require a credit check, which means that individuals with poor credit or no credit history may still be able to qualify.

The Risks of Payday Loans

While payday loans can be helpful in certain situations, they also come with risks. The primary risk associated with payday loans is the high interest rate. If you are unable to repay the loan on your next payday, the interest can quickly accumulate and make the loan much more expensive than you originally anticipated.

Additionally, some payday lenders have been known to engage in predatory lending practices, such as charging excessive fees or offering loans to individuals who cannot realistically repay them.

Interesting Facts and Statistics

  • In 2019, Tennessee payday lenders took over $400 million in fees from borrowers.
  • The average payday loan in Tennessee is $375.
  • 65% of payday loan borrowers in Tennessee take out more than one loan per year.

Apply Now

If you are considering a payday loan in Oakfield, Tennessee, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, which means that we can help you get in touch with lenders who may be able to provide the emergency cash you need. To get started, simply fill out our online application today.

Note: Payday loans should be used as a last resort and only in emergency situations. We encourage borrowers to thoroughly research payday loans and consider all alternatives before taking out a loan.

The Bottom Line

If you need emergency cash quickly and have no other options, a payday loan may be right for you. However, it is important to understand the risks associated with payday loans and to only use them as a last resort. Remember, TheGuaranteedLoans can help connect you with potential lenders who may be able to provide the emergency cash you need.

F.A.Q.

How do I qualify for a payday loan in Oakfield, Tennessee?

To qualify for a payday loan in Oakfield, Tennessee, you must be at least 18 years old, have a valid ID, and have a source of income. You may also need to provide proof of your residence and a bank account in order to receive the loan.

What are the interest rates for payday loans in Oakfield, Tennessee?

The interest rates for payday loans in Oakfield, Tennessee are determined by the lender and can vary depending on the amount of the loan and the borrower's credit history. Typically, the interest rates for these loans are higher than those for traditional loans due to the short-term nature of the loan.