I live in Florida and already have a Payday Loan. But I need another one to cover unexpected expenses. Can I apply for one more Payday Loan? How many simultaneous loans can I get?
How many Payday Loans can I have in Florida?
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Answers: 1
COMPACOM TEAM
Expert answer
The Maximum number of outstanding Payday Loans at a time is one. And it mustn't exceed $500 according to the Fl. Stat. Ann. § 560.402 et seq. and Rule 69V-560.901-912. Maximum loan term can not be longer than 31 days and not less than seven days.
If you need more money or consider applying for another loan think of Installment Loans or Personal Loans.
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