Payday Loans in Florida | Cash Advance in Florida
Payday Loans in Florida
Life is unpredictable, and so are unforeseen cash emergencies. A huge percentage of the population of America is dealing with a major or minor financial crisis every day. Payday loans can come in handy when it’s a small and urgent expense you’re looking to cover.
Payday loans are small, short-term loans that are made in exchange for an interest rate. These loans are taken against your future income: the borrower authorizes the lender to automatically deduct the principal and the agreed-upon interest from the designated account on the due date. Traditionally, payday loans are taken to cover short-term expenses like groceries, bills, and emergency costs. They are not best used for large expenses like a car or house!
Florida is one of the most famous southeastern states of the United States, the only state bordered by the Gulf of Mexico to the west and by the Atlantic Ocean to the east. Taking up an area of 66,758 square miles, Florida is the third-most populous state in the whole of the U.S. The state capital of Florida is Tallahassee, while the crown of the most populous city rests on the head of Jacksonville (despite the Miami metro area being significantly larger).
Florida is known as an “economic powerhouse” as it has the fourth-biggest economy in the county with a GDP of $1 trillion. This is more significant than all but 16 countries. The Department of Economic Opportunity estimated that 1.1 million of Florida’s population have jobs in the leisure and hospitality sector as Florida is home to big tourism cities like Miami, Tampa, Orlando, Key West, and Jacksonville. The Walt Disney World Resort alone has over 70.000 employees. In addition to this, the arts, entertainment, recreation, accommodation and food services sectors bring in approximately $42 billion in GDP every year to the Sunshine State.
Florida has such a flourishing economy because it has essential and famous sights like Walt Disney World, Epcot, Universal Studios, and countless other theme parks and attractions. Besides this, Florida is also an educational hub with several prominent universities like the University of Florida, Florida State, and the University of Miami.
However, with a diverse economy and a beautiful natural environment comes the burden of high costs to keep up with the hustling world.
Payday loans in Florida
Loan taking and lending are widespread in the state, and payday loans are a very typical loan type in the state. According to state regulations, a borrower may only have one outstanding loan at a time, and the maximum fee is 10 percent of the borrowed amount. Additionally, the loan terms must not exceed 30 days or be less than seven days. If the borrower cannot pay back in total, the lender must give them a 60-day grace period without additional charge.
Once the lender accepts your payday loan, the money hits your account as soon as the same day through ACH!
How much can I borrow?
You can take a loan of up to $500. According to the state regulations, taking a payday loan higher than that is considered illegal. Most people use these payday loans to cover small, unexpected expenses or bridge the gap between paydays for larger purchases.
Payday loans are very easy to find for loans up to $500 in addition to being readily available. In addition, almost all lenders have quick services, and you receive the money in the 24-hours following your application under many circumstances.
Do they check my credit score?
No! The best thing about payday loans is that they don’t require traditional credit score checks. This is because, unlike bank loans, payday loans are not secured against an asset, nor must your credit score always be checked.
Instead, factors such as your employment history and your tenure at your current job act as important factors when taking a payday loan!
What happens if I don’t pay back on time?
The loan is rolled over, and you are given a 60-day grace period. However, we highly recommend that you don’t let this happen.
Rolling over loans causes an accumulation of interest and makes your finances harder. Budgeting is a perfect tool when you find yourself in situations like this! Cutting down on a few extra expenses every month can quickly help you get out of debt sometimes!
Easy Online Application
We know lengthy applications can be stressful and exhausting. So, to make things convenient for you, we have put together an easy online application. It just takes a few minutes for you to enter your information. After this, you’re redirected to a lender’s website. Of course, we encourage you to read the terms and conditions of every loan very carefully before signing any contract!
All you need for our brief and easy application is your:
- Banking Information
- Recent pay stub
Click here to start your application right away!
Best rated Payday Loan stores in Florida
Fast Payday Loans, Inc.
10349 US-441, Belleview, FL 34420
Fast Payday Loans is a very well-known payday loan store. It’s located in central Belleview, which makes the store very accessible. In addition to this, the store has an amiable staff; they are very friendly and helpful with the online application process too! This store is worth checking out!
The Check Cashing Store
3718 Tamiami Trail #A, Port Charlotte, FL 33952
The Check Cash Store has a diverse palette of loans to select from. The experts at the store are also helpful and give honest financial advice about what loan suits you better. Besides this, they have comparatively low interest rates, which makes them one of the best customer choices!
188 FL-312, St. Augustine, FL 32086
Advance America is a well-established, national payday loan operation with a solid reputation and many stores all over the states. This store does have comparatively strict payback policies but is super flexible with the loan amount. They have always had good reviews from their customers!
Check ‘n Go
1841 N Pine Island Rd, Fort Lauderdale, FL 33322
Check ‘n Go is a very well ranked store in Florida. It is known for how quickly they process your application and approve your loan in a few hours. In addition, they’re one of the only stores that are flexible with their payback policies as well as their loan amount!
650 S Walnut St, Starke, FL 32091
Lending Bear is a very convenient store with services beyond just loans! They have a lot of benefits, such as low interest rates on future loans for their loyal and consistent customers. Moreover, they have a very accommodating staff and speedy service.