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Get Online Payday Loans in Dothan, AL
Get a short-term cash advance with no credit check. You can qualify for Dothan cash loan even with no bank or checking account. Bad credit is not a problem to get approved for a fast Payday advance in Dothan either. Just fill out a free application form online and get an instant decision from multiple lending companies within a few minutes.
When you need $100 - $1,000 instant cash, apply for Alabama Payday Loans Online with No Credit Check and get guaranteed financing on the same business day.
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Are Payday Loans Legal in Dothan, AL ?
Loan Rates and Fees, Laws and Regulations in Alabama.
$100 - $500 Online Payday Loans can be legally applied for in Alabama. For loans under $500, lenders can charge a 456% annual percentage rate (APR) under the Deferred Presentment Services Act (Act 2003-359) passed in 2003. All of the mentioned above cash advances are absolutely legal in Alabama according to Ala. Code §§ 5-18A-1 et seq1. It also sets the term of 10-31 days to repay the money and the maximum APR of 300%, plus an additional fee of 17,5% of every $100 borrowed. In case you have problems with the repayment, you’ll be offered a rollover or extension.
Law status | legal |
MIN Loan Amount | $100 |
MAX Loan Amount | $500 |
MIN. Loan Term | 10 days |
MAX. Loan Term | 31 days |
MAX APR | 300% |
Additional fees | Not more than 17.5% of the loan |
NSF fee | $30 |
Collateral or guarantor | None, unsecured |
Number of simultaneous loans | One |
Cooling off period | 1 business day |
Rollover | One rollover |
Extension, repayment plan | Repayment plan |
Default penalties | 3% a month from the default date |
Credit score requirements | Available for Bad Credit |
Apply for online Payday Loans and get instant decision from the best Dothan lending organization
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Cash Advance and other Money Offers in Dothan, AL
Payday Loans Available in Dothan, AL by the following ZIP codes:
Payday Loan Amounts in Dothan, AL
- Easy online application
- Bad credit is OK
- Instant approval
- No credit check considered
- Competitive rates
- Same day financing
In 2024 there are 68,468 people living in Dothan, AL. According to the statistics, 4108 of them look for "Payday Loans Near Me in Dothan, AL" or apply for Dothan Payday Loans online in need of emergency short-term financing. No wonder, these people request instant cash as their median household income is 42426. That's why COMPACOM was designed - to help customers complete a quick and easy application form 100% online and get guaranteed approval from the best Dothan, Alabama direct lenders.
Payday Loans Store Locations in Dothan, AL
FAQ
How to qualify for online Payday Loans in Dothan, AL?
How Dothan Payday Loans online work?
Can I get a Payday Loan with bad credit in Dothan, AL?
Do Dothan lenders offer no credit check Payday Loans?
How fast can I get a Payday Loan in Dothan, AL?
Do lenders in Dothan, AL require a certificate from the employer?
How long does an online payday loan take?
Do you have to specify the purpose of a payday loan?
Can I take a payday loan at Compacom if I have a liability with another loan company?
How to sign a payday loan agreement?