Payday Loans in Wynnburg, Tennessee

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

Company nameAddressZip codePhone number
Western Finance 1150 Mineral Wells Ave # 200, Paris, TN 38242 +1 (731) 644 - 1325
Advance America 913 Hwy. 321 North, Lenoir City, TN 37771 +1 (865) 988 - 8978
TitleMax Title Loans 249 S Hall Rd, Alcoa, TN 37701 +1 (865) 982 - 6043
The Cash Company of Clinton 106 Tanner Ln, Clinton, TN 37716 +1 (865) 463 - 2500
Cash Corral 200 Chickasaw Ridge Dr 14, Oakland, TN 38060 +1 (901) 465 - 1708
Quick Cash Title & Payday Loans 6825 Winchester Rd # 102, Memphis, TN 38115 +1 (901) 363 - 2777
Community Title Loans 112 N Water Ave, Gallatin, TN 37066 +1 (615) 206 - 1504
Centennial Bank 329 Old Medina St, Medina, TN 38355 +1 (731) 783 - 3642
Covington Credit 146 Belvedere Dr N, Gallatin, TN 37066 +1 (615) 230 - 5774
Advance Financial 7275 US-64, Oakland, TN 38060 +1 (901) 290 - 9519

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wynnburg, TN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Johnson City, TN, Payday Loan for Kingsport, TN, Payday Loan Without a Credit Check in Knoxville, TN, Quick Loan in La Vergne, TN, Same Day Loans in Lebanon, TN, Quick Loan in Memphis, TN, Payday Loans in Mount Juliet, TN and Bad Credit 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 Wynnburg, TN.

Are Payday Loans Legal In Wynnburg, 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

Wynnburg, TN payday loan calculator

Payday Loans in Wynnburg, Tennessee

When unexpected expenses arise and payday is still weeks away, payday loans can provide a convenient and accessible source of funding. While some states have strict regulations or even outright banned payday loans, Tennessee allows them and has established laws to govern the industry.

In this article, we will explore payday loans in Wynnburg, Tennessee, including the laws and regulations governing the industry, how to apply for a payday loan, the risks, and benefits of payday loans, and other essential information you need to know.

Payday Loan Laws and Regulations in Wynnburg, Tennessee

In Tennessee, payday loans are legal and regulated by state and federal laws. To protect borrowers, Tennessee has implemented specific requirements that lenders must follow. Under Tennessee law, payday loans cannot exceed $500, and the loan term must be 31 days or less.

Finance charges for payday loans in Tennessee are capped at 15% of the loan amount. For example, if you borrow $100, the total amount you will be required to pay back is $115. Lenders are not allowed to charge more than 459% APR for a 14-day $100 loan.

How to Apply for a Payday Loan in Wynnburg, Tennessee

Applying for a payday loan in Wynnburg, Tennessee, is a simple and easy process. You can either visit a storefront lender or apply online through a safe and secure online platform.

Many lenders in Wynnburg, Tennessee, require the following information when applying for a payday loan:

  • Valid Photo ID
  • Proof of income or employment
  • Bank account information
  • Personal contact information

The lender will typically review your application and notify you if you are approved within a few minutes. If approved, the lender will provide you with the loan amount, fees, repayment terms, and all other details you need to know.

Risks and Benefits of Payday Loans in Wynnburg, Tennessee

Like all financial products, payday loans have both risks and benefits. On the one hand, payday loans provide a valuable source of funding for those who need it, even if their credit score is less than perfect. On the other hand, payday loans are subject to high-interest rates, fees, and other charges, which can make it challenging to pay the loan back on time.

Some of the risks associated with payday loans include:

  • High-interest rates and fees
  • Short repayment terms
  • Potential for multiple loans over time

However, payday loans can also offer some benefits, such as:

  • Quick and easy access to cash
  • No credit check required
  • Ability to receive funds even if you have bad credit

Facts and Statistics about Payday Loans in Wynnburg, Tennessee

Here are some statistics about payday loans in Tennessee that you may find useful:

  • According to the Tennessee Department of Financial Institutions, there are over 1,200 payday lender locations in Tennessee.
  • The average payday loan amount in Tennessee is $350.
  • In 2018, Tennessee residents took out 8.9 million payday loans, with an average APR of 391%.
  • According to state data, the default rate on payday loans in Tennessee is around 10%.

Apply Now with TheGuaranteedLoans

TheGuaranteedLoans provides a safe and reliable platform for connecting borrowers with reputable lenders offering payday loans in Wynnburg, Tennessee. We are not a direct lender, but we offer a free and easy application process that can connect you with the right lender for your unique needs and situation.

Click ‘Apply Now’ to get started

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Please note that loan amounts, terms, and interest rates vary depending on the lender, and not all borrowers will qualify for a payday loan. However, TheGuaranteedLoans has helped thousands of people find the funding they need, even those with bad credit or financial difficulties in the past.

Conclusion

Payday loans can be an essential source of funding for those who need it. If you live in Wynnburg, Tennessee, and are considering a payday loan, make sure you understand the laws and regulations, the risks, and benefits, and the application process so you can make an informed decision. And remember, TheGuaranteedLoans is always here to help you through the application process and connect you with reliable and trustworthy lenders.

F.A.Q.

Are there any limits on the amount I can borrow through a payday loan in Wynnburg, Tennessee?

Yes, there are limits on the amount you can borrow through a payday loan in Wynnburg, Tennessee. The maximum amount you can borrow is $500, and the maximum term of the loan is 31 days. These limits are set by the Tennessee Department of Financial Institutions to protect consumers from excessive borrowing and high interest rates.

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

Yes, there is a cooling-off period for payday loans in Wynnburg, 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.