Alexander City Payday Loans
Getting a Payday Cash Advance in Alexander City, AL has never been easier!
Our Alexander City lenders are ready to help you pay bills. Just follow the simple application and you can have money in your account tomorrow!
- Get Approved in Minutes
- Money in your Account Tomorrow
- Easy Application Process
- Safe, Secure and Confidential
We have been working with payday loans and payday lenders in Alexander City, Alabama for many years, so we know how to help consumers like you pay bills and medical expenses on time!
Alabama Payday Loan Regulations:
Payday Loan Maximum - $500
Loan Term Length - 10-31 days
Maximum Finance Rates - 17.50%; 3%/month after default
Charge for a 14-day $100 loan - $17.50
APR for a 14-day $100 loan - 456.25%
Payday Loans in Alexander City
Serving Alexander City Zip Codes: 35010, 35011,
632 S Memorial Dr
Prattville, AL 36067
602 E Battle St
Talladega, AL 35160
215 W College St
Columbiana, AL 35051
33707 US Hwy 280
Childersburg, AL 35044
4876 US Hwy 231
Wetumpka, AL 36092
2000 Marvin Pkwy
Opelika, AL 36804
|Check ‘n Go|
1775 Opelika Rd
Auburn, AL 36830
4748 Mobile Hwy
Montgomery, AL 36108
Learning When To Take Out A Payday Loan
Tips for Alexander City Payday Loan Consumers
When one hears about payday loans, they think of a great way to have some money before getting paid. However, there is much more you need to know about payday loans before getting one. You are about to be given information, that will prove to be very helpful when getting a loan.
For people who are thinking about taking out a payday loan, you have to know when you will be able to pay it back. If you cannot repay them right away there will be a lot of interest added to your balance.
When you get your first payday loan, ask for a discount. Most payday loan offices offer a fee or rate discount for first-time borrowers. Call around if the place you want to borrow from does not offer a discount. If you find a discount elsewhere, the loan place, you want to visit will probably match it to get your business.
Be sure to consider all your options. Do the research and compare rates and fees so that you get the best terms and rate. The loan amount and your credit score affect the rates. Doing a bit of homework in the beginning can save you a lot of money in the end.
A work history is required for payday loans. If you've been working consistently for three months and your income is stable, companies in Alexander City, AL will only lend you money, typically. You must provide the lender with acceptable proof, like stubs from your paychecks.
The most important tip when taking out a payday loan is to only borrow what you can pay back. Interest rates with payday loans are crazy high, and if you take out more than you can re-pay by the due date, you will be paying a great deal in interest fees.
Make sure that you read the rules and terms of your payday loan carefully, so as to avoid any unsuspected surprises in the future. You should understand the entire loan contract before you sign it and receive your loan. This will help you make a better choice as to which loan you should accept.
Avoid taking out a payday loan unless it is really an emergency. If you are getting one for an everyday reason, the amount that you pay in interest is very large on these types of loans, so it is not worth it. If it is something that can wait for a while, get a bank loan.
Call a consumer credit counselor if you are having a difficult time deciding whether or not to use a payday loan. These professionals usually work for non-profit organizations that provide free credit and financial assistance to consumers. These individuals can help you find the right payday lender, or possibly even help you rework your finances so that you do not need the loan.
When budgeting to pay back a payday loan, you shouldn't ignore the costs of plans you make afterwards. It's very easy to think that one paycheck can be ignored and everything is going to be okay. Most payday loan borrowers end up repaying two times the amount they initially received. That is the fact. Keep this in mind as you create a budget.
Find out the laws in your state regarding payday loans. Some lenders in Alexander City try to get away with higher interestpenalties and rates. Alternatively, various fees they they are not legally allowed to charge you. Many people are just grateful for the loan, and do not question these things, which makes it easy for lenders in Alexander City to continued getting away with them.
Try to find a payday loan company that offers loans to individuals with poor credit. These loans are based on your job situation, and ability to pay back the loan instead of relying on your credit. Securing this type of cash advance can also help you to re-build good credit. If you comply with the terms of the agreement, and pay it back on time.
Consider the implications of obtaining a payday loan. The interest rate annualy on payday loans is sometimes up to 7 times the amount you borrowed. That means it can cost an additional $125 to take a $500 payday loan out. If you absolutely have no other options, you may have to decide that it is worth the price you will pay.
It may be unwise to attempt another one if you have previously defaulted on a payday loan. No matter how desperate you may be for the cash, a good look at your history will show you this may not be a good idea.
Payday loans are normally due within 14 days of taking out the loan. You are given a choice to either visit the office to pick up the check you pay and wrote the loan off or allow the payday loan office to submit the check you wrote to your bank for payment.
With any payday loan you look at, you'll want to give careful consideration to the interest rate it offers. Trustworthy companies in Alexander City, AL will inform you of the interest rate charged. Figure out the rate and think about whether you really need the loan, before you close a payday loan.
If you find that you are often getting payday loans, treat the root cause of why this is happening! If you are not careful, Payday loans may help you in the short the long run they can really kill your personal finances. Figure out why you keep needing these loans, Work to changing the issues behind it.
If you are often resorting to payday loans to get by, take a close look at your spending habits. Payday loans are as close to legal loan sharking as, the law allows. They should only be used in emergencies. Even then there are usually better options. If you find yourself at the payday loan building every month, you may need to set yourself up with a budget. Then stick to it.
As stated in the beginning of this article, there is much more to getting a payday loan than just being give money between paychecks. Now that you have read the above article, you are informed enough about payday loans. Now you can make the best decisions possible, for you specific scenario.
Alexander City Payday Advance Lender
Receiving a Payday Loan in Alabama has never been easier! Our process is safe and secure. That's why people choose USAPaydayLoansQuickly.com for their advance loan needs! - Apply Now!