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Payday Loans AZ - Bad Credit Loans Arizona | COMPACOM – Compare Companies Online

Arizona Payday Loans up to $1K

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Last updated:

Compare legal loan options in Arizona to get the necessary instant cash advance.

Looking for online Payday Loans in Arizona? Or need the address of a direct lender near your location in AZ? As Arizona short-term loans are capped by interest rates you may need to consider other available legit options. Compare the Payday Loans in AZ alternatives and fill out a free application form to get same day cash advance.

Compare Payday Loans in Arizona from the Best Direct Lenders Online or find a Loan Store near your location.
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Cash Advance and other Money Offers in Arizona:

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Find the best Arizona offers choosing among a variety of legit reliable online and in-store lending companies.

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Rates last updated July 10th, 2020
4.3076493579006

LEND YOU

$1,000
MAX Loan Amount

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.

17,5%
MIN MPR

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.

None, Unsecured
Collateral or Guarantor

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.

Available for Bad Credit
4.3378295524218

Greenlight Cash

$1000
MAX Loan Amount

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.

Varies by state
MIN MPR

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.

Unsecured
Collateral or Guarantor

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.

Available for Bad Credit
4.1006423982869

Indylend

$1,000
MAX Loan Amount

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.

200%
MIN APR

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.

None, Unsecured
Collateral, or Co-signer

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.

Available for Bad Credit

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Are Payday Loans Legal in Arizona?

Loan Rates and Fees, Laws and Regulations in Arizona.

Ariz. Rev. Stat. Ann. §§ 6-601 et seq.1 imposes certain rules and regulations on Payday lending on the territory of the state. But we can offer you various options of cash advance: Installment Loans ($1000 - $5000) and Personal Loans ($5000 - $35,000). The activity of all the lenders operating in the state is restricted by limiting the APR to 36% and 5% fee.2

Law status available
MIN Loan Amount None
MAX Loan Amount n/a
MIN. Loan Term None
MAX. Loan Term None
MAX APR 36%
Additional fees 5% fee
NSF fee None
Collateral or guarantor None, unsecured
Number of simultaneous loans Not stated
Cooling off period None
Rollover Not stated
Extension, repayment plan Not stated
Default penalties Not stated
Credit score requirements Available for Bad Credit

Quick and Easy Payday Loans Online

Compare top online companies offering fast cash advance with no faxing, no paperwork, possibly no hard credit check and no teletrack. Filling out a free application form guarantees you instant decision and high approval chances even if you have a bad credit score.

ONLINE COMPANIES

Rates last updated July 10th, 2020
4.1439688715953

Your Faster Payday

$1,000
MAX Loan Amount

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.

16,6%
MIN APR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

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.

Available for Bad Credit
4.3023255813953

Personal Loans .com

$1,000
MAX Loan Amount

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 $35,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied
MIN APR

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.

None, Unsecured
Collateral, or Co-signer

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.

Available for Bad Credit

PayDay Loan Calculator

?
Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
?
To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
?
It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Before you apply for a short-term cash advance consider other Payday Loan Alternatives

A warning about short-term payday loans

Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default the loan. Though an overpay may be only $1 a day for 100 dollar cash advance you must remember that not paying off the money on time may lead to additional penalty or NSF fees and high total cost.

So, before you make a final decision to apply for a Payday Loan consider other alternatives that may be helpful when you need urgent funds:

  • Think of other more affordable types of loans with lower rates and fees and longer repayment terms such as Installment Loans and Personal Loans,;
  • Consider Debt Consolidation Loans, Credit Builder Loans, Credit Cards;
  • Try social services and local assistance programs;
  • Look for additional part-time jobs or some side gigs and freelance opportunities;
  • Start recycling for money;
  • Address a person able to help you – employer, creditors, family and friends;
  • Use traditional banks or credit unions to get cash.

And keep in mind that the most important thing about any loan, especially Payday Loan is to pay it off on time. It helps you avoid rollovers, renewals or extensions and increases your chances to get out of debt fats and easy.

Table of Contents:

Payday Loans in Arizona

Cash Advance in Arizona

Top Payday Loan Companies in Arizona

Arizona Payday Loans laws

Payday Loan Interest Rates in Arizona

Online Payday Loans lenders in Arizona

Payday Loan Calculator in Arizona

Payday Alternative Loans

Payday Loan Requirements in Arizona

Payday Loans in Arizona

Arizona online Payday Loans

Bad Credit Loans Arizona

Are Payday Loans legal in Arizona?

Arizona state outline

Arizona instant cash advance options

Personal Loans AZ

Arizona Payday Loans FAQ

Compare Payday Loans Locations in Arizona

References

FAQ

Payday Loans in Arizona 

AZ Payday Loan is a short-term small-dollar cash advance designed for any personal needs a borrower has and meant to be paid back in 14-30 days with the customer's next paycheck. Due to its short repayment term and high-interest rates, Arizona Payday Loans laws restrict this type of cash advance or impose certain limits on the loan's amount or cost.

In case you wouldn't like to get involved in AZ Payday Loan limited availability, you may consider absolutely legit Installment Loans in Arizona.

Since July 1, 2010, Arizona short-term loans that charge APRs over 36% became illegal. Legit lenders were prohibited to advertise the availability of Payday Loans. However, it doesn’t mean that lending companies disappeared and you can't find the necessary cash advance. As you fill out our free application form we can connect you with a suitable lender that offers Payday Loans and Installment Loans in Arizona.

Legal Emergency Cash Advance in Arizona

Online Payday Loans AZ 

An Online Payday Loan is meant to be a short-term small-dollar cash advance and paid back at your next paycheck. Applying for an Online Payday Loan AZ is free and doesn't affect your credit history.  It's specially designed to help people when they are in a financial emergency. Usually, online short-term cash advance is offered in the amounts from $100 to $1000 depending on the lender and your income, credit score, other eligibility criteria.

Arizona Payday Loan borrowed online can be used for whatever your needs may be.

Payday Loans AZ

Arizona Payday Loan direct lenders guarantee instant decision online even for bad credit. When you are approved for an online short term loan AZ you will get the money deposited into your bank account within 24 hours.

Online Payday Loans in Arizona have their own benefits:

  • they give you a chance to apply for an instant cash advance from $100 to $1,000,
  • you can avoid driving, doing paperwork and waiting in lines,
  • applying is free and simple, 
  • you have very high chances of approval even with poor credit,
  • you can find some lenders ready to give you the loan with no credit check,
  • it's available 24 / 7.

Bad Credit Loans Arizona

Arizona bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan in Arizona. To get the money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit Payday loan, there are important features to take into account:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility criteria
  • Employment requirements
  • Interest rates and fees
  • Loan terms
  • Additional fees and penalties
  • Repayment options

Types of loans available for bad credit applicants in Arizona are Payday Loans AZ, Bad Credit Personal Loans in Arizona, and Bad Credit Installment Loans in Arizona. They typically have higher interest rates and shorter terms than loans offered to people with good credit. Thus you are most likely to get up to $1000 Payday cash advance. Though its APR may exceed 400% it shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

You’ll get up to $1000 cash deposited into your account within 24 hours. Just fill out a simple application form online and get instant approval if you meet the lenders’ basic requirements which typically are:

  • Minimum FICO score of at least 600;
  • Clean credit history; no judgments, liens, and bankruptcies on your credit report; and a history of making on-time payments;
  • Stable employment;
  • Proof of identification with a passport, driver’s license or voter’s ID. You’ll also need to provide proof of residence such as a utility bill.

Keep in mind that your score can influence the amount you want to take and the interest rate the lender will offer you. The maximum sum for an installment cash advance is $5000, and for a personal loan - $35000. In any case, you need no collateral, no guarantor, no paperwork. No matter whether your credit score is 400, 550, or 600, get the chance to learn more about all the opportunities you have and compare the best lending services you are offered on COMPACOM.com.

Bad Credit Loans in Arizona

Are Payday Loans actually legal in Arizona?

Payday loans are available in Arizona, but with certain restrictions. The state's laws cap the interest rates by 36%. There are a number of reasons for it:

  • Short term Payday Loans make it hard for the borrowers to repay the loan on time. That’s why it often leads to a debt cycle;
  • In case a customer can’t pay off the loan on the due date, he applies for rollovers and extensions which requires additional fees and charges;
  • As Payday Loans have very simple to meet requirements they are considered rather risky for lenders. That’s why they charge high APR, around 380% or higher;
  • If there isn’t enough money on your bank account when the loan is due, you’ll be charged an Insufficient Funds Fee which is usually about $15 - $20. 

Arizona state outline 

Arizona is 113,990 SQ. MI. by territory. The population comprises of 7,016,270 people. The capital of the state is city Phoenix. The GDP counts up to $326.446 Billion while the median income is $29,420. Arizona is the 10th US state by economy ratings:

  • It's the 9th by the business environment.
  • It's the 37th by employment.
  • It's the 5th by growth.
 
Arizona minimum wage
 
Arizona minimum wage 2020
 
What is the livable wage in Arizona?
 
What is the poorest city in Arizona?
 
What is the cheapest place to live in Arizona?

Arizona Payday Loan alternatives  

As Payday Loans are restricted in Arizona, it is still possible to get instant cash advance in other ways.

  • Installment Loans n Arizona. They are available in the amounts of $1,000 - $5,000. The terms vary between 36 – 60 months. The repayment is in fixed monthly installments.
  • Personal Loans in Arizona. Get up to $35,000 for any personal needs without a guarantor or collateral for up to 7 years term.
  • Title loans, or Pawn shops. There may be also some restrictions. So, before applying check the terms and conditions.
  • Credit card cash advance. If you have a credit card, consider a cash advance. Although expensive, this usually has a lower interest than payday loans and can help you get through a rough financial period.
  • Arizona Tribal loans. These are money from tribal lenders that operate on Native American sovereign land and aren’t regulated under state law. Make sure you’ve checked the lender’s reviews and reliability.
  • Get out a conventional loan from a bank or credit union. They are sometimes cheaper but take longer to get. Moreover, this option doesn’t suit borrowers with bad credit and those who don’t have a bank account or are not a member of a credit union.
  • Speak with your creditors to settle your debt. If you are going to apply for a Payday Loan because of some large bill you can’t pay, consider regulating this debt in another way. Discuss it with your creditor. He may reduce the payments. You may ask a debt relief company for help in these negotiations.
  • Try to apply through a loan connection service. They may find a suitable lender willing to offer you a small-dollar loan. Keep in mind that the lender you’re ultimately connected with must have interest rates and fees that abide by Arizona’s law.
  • Ask family and friends for help. It may sound a bit embarrassing but it will definitely be the cheapest solution. Just don’t forget to pay the money back if you don’t want to spoil the relationship.
  • Apply for Government assistance programs. The variety of help can be great when you need a little bit extra to get by but don’t want to take out a new line of credit.

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Personal Loans AZ

Personal Loans differ from AZ Payday Loans by larger amounts and longer terms. You can apply online for up to $35,000 and use it for more serious expenses such as home improvement or a big purchase. You can get bad credit Personal Loans in Arizona, no credit check Personal Loans Arizona, online Personal Loans Arizona and other types of AZ instant cash advance.

Personal Loans in Arizona

Requirements to qualify for a Payday Loan in Arizona:

What do I need to qualify for a short-term cash advance?

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • Arizona (US) residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

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FAQ

WHAT IS A PAYDAY LOAN? 

A payday loan is a short-term unsecured loan given in the amount of $100-$1,000 and paid off within 14 - 31 days with the next pay-check.

The main characteristics of Payday loans (which can be also called payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) are:

  • they are short-term (14-30 days),
  • they are small dollar (up to $1000),
  • bad credit is OK, i.e. they are available even for borrowers with poor FICO credit score,
  • high-cost (with the APR from 391% to 3,733%)
  • unsecured (they are given without any collateral).

Most people choose Payday cash advance due to its:

  • availability for bad credit
  • quickness of applying and getting
  • easiness and convenience of repayment

HOW PAYDAY LOANS WORK? 

Payday Loans main characteristics are: small-dollar, short-term unsecured cash advances which are quick and easy to get. Even borrowers with bad credit can apply either online or in a store.

  • They just fill out an application.
  • Lenders decide whether to approve or deny the candidate.
  • In the first case the money is deposited into your account within 24 hours.
  • The borrower writes the check for the amount taken plus fees and as soon as the loan is due the lender can cash it.

The process is:

  • Fast (a minute for applying, a couple of minutes to get approved, less than a day to get the money);
  • Easy (no driving, waiting in lines, doing paperwork, looking for a guarantor or collateral is required);
  • Safe (you private information is secured and all your rights are protected as we work only with legal state-authorized companies).

HOW CAN I TAKE A PAYDAY LOAN IF I HAVE A POOR OR FAIR CREDIT SCORE? 

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan. To get the money you may turn to credit unions, family, friends, peer-to-peer lending platforms, or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account. You can find all these important criteria on COMPACOM.com website, which gives you a unique opportunity to compare companies. Pay attention to5:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility qualifications
  • Employment requirements
  • Interest rates and types
  • Loan terms
  • Fees and penalties
  • Repayment options

CAN I GET A PAYDAY LOAN WITH BAD CREDIT SCORE? 

Bad Credit Payday Loan is the type of credit given to borrowers with a FICO score below 640.

 “A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit bureaus”.

It can influence the amount, the terms, interest rates, and actually your eligibility for the credit.

If you have bad credit, you can still apply for a Payday Loan. It’s up to the lender to decide, but they often approve such candidates. They typically have higher interest rates and shorter terms than loans offered to people with good credit.

 

FAQ

 
Why does Arizona ban Payday Loans?
 
Who regulates Payday Loans in Arizona?
 
Can I get a Payday Loan online in Arizona?
 
Can I get Personal Loans in Arizona?

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