Payday Loans in Palmyra, Tennessee

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

Company nameAddressZip codePhone number
World Finance 704 W Market St Suite B, Bolivar, TN 38008 +1 (731) 659 - 2424
TitleMax Title Loans 2011 Hillsboro Blvd, Manchester, TN 37355 +1 (931) 728 - 7078
World Finance Corporation 306 Hutton Place, Ashland City, TN 37015 +1 (615) 792 - 0181
United Cumberland Bank 106 Municipal Dr, Oneida, TN 37841 +1 (423) 569 - 6313
United Cumberland Bank 567 Howard H Baker Hwy, Huntsville, TN 37756 +1 (423) 663 - 3400
E-Z Money 3010 TN-107, Chuckey, TN 37641 +1 (423) 913 - 1003
TitleMax Title Loans 1105 -A Nashville Highway, Columbia, TN 38401 +1 (931) 223 - 6040
Security Finance 218 Hobson St Suite 1, McMinnville, TN 37110 +1 (931) 473 - 4150
TitleMax Title Loans 4425 TN-58, Chattanooga, TN 37416 +1 (423) 553 - 1160
First Heritage Credit 233 E Main St, Brownsville, TN 38012 +1 (731) 772 - 8979

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Palmyra, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Clarksville, TN, Guaranteed Loans in Cleveland, TN, Payday Loans in Collierville, TN, Payday Loans in Columbia, TN, Quick Loan in Cookeville, TN, Short-term Loans in Franklin, TN, Payday Loans in Gallatin, TN and Payday Loans in Germantown, 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 Palmyra, TN.

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

37142

Are Payday Loans Legal In Palmyra, 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

Palmyra, TN payday loan calculator

Payday Loans in Palmyra, Tennessee

Payday loans are financial instruments that are designed to help people who need quick cash to cover unexpected expenses. These loans are intended to be short-term solutions and are generally considered to be a high-cost form of credit. In Tennessee, payday loans are legal. However, there are certain regulations that lenders must follow to protect consumers.

How do Payday Loans Work?

A payday loan is typically a small amount of money that is borrowed for a short period of time. The borrower writes a post-dated check to the lender for the amount of the loan plus fees. The lender then gives the borrower cash, minus the fees. The loan must be repaid when the borrower receives their next paycheck. If the borrower cannot repay the loan on time, they may be offered an extension, but this will result in additional fees and interest.

Regulations for Payday Loans in Tennessee

In Tennessee, payday lenders are required to be licensed by the Department of Financial Institutions. They must also follow certain rules and regulations to protect consumers. For example, lenders cannot charge more than 15% of the loan amount in fees. They must also provide borrowers with a written agreement that clearly states the terms of the loan, including the fees and interest rate. In addition, lenders cannot renew or extend a loan more than three times.

Benefits of Payday Loans

  • Quick access to cash
  • No credit check required
  • Easily accessible for those with limited or no credit history

Drawbacks of Payday Loans

  • High fees and interest rates
  • Short repayment term may be difficult to meet for some borrowers
  • Renewing or extending a loan can result in additional fees and interest

Interesting Facts and Statistics about Payday Loans in Palmyra, Tennessee

  • As of 2019, there were over 1,000 payday loan stores operating in Tennessee.
  • In 2017, Tennesseans took out over 1.4 million payday loans, with an average loan amount of $387.
  • The average interest rate for a payday loan in Tennessee is 390%.

Apply Now

If you need quick cash to cover unexpected expenses, TheGuaranteedLoans is here to help. Our online application process is simple and secure, and we will connect you with potential lenders based on your specific needs. Please note that TheGuaranteedLoans is not a direct lender, but a connector service that facilitates the connection between borrowers and lenders. Apply now to get started.

F.A.Q.

What is a payday loan in Palmyra, Tennessee?

A payday loan in Palmyra, 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.

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

To qualify for a payday loan in Palmyra, 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.