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Where Can I Get a Payday Loan in Alabama?

Where Can I Get a Payday Loan in Alabama?

Get a Check Advance In as Little as 20 Minutes

Americans – and people all over the world, really – have come to rely on loans to make important purchases or fund other necessities. However, traditional personal loans come with long-term payments and are hardly worth the time and hassle if you only need a few hundred dollars to get by until your next paycheck.

A short-term loan is often the best choice when you need money quickly and don’t want your past credit history to influence whether you’ll receive it. One of the most common short-term loans we facilitate at Select Title Loans is a payday loan, sometimes called a check advance.

Payday loans have been around for a long time, so we’re surprised when our clients come in to get money and don’t realize they’re eligible for this type of funding! Yes, Select Title Loans processes far more than car title loans.

What Do I Have to Do to Get a Payday Loan?

payday loan in Alabama

Getting a check advance or payday loan in Florence, Alabama and the surrounding area is both easy and fast. Taking out a loan of this type only requires you to prove you are able to pay back the loan with your next paycheck. We sometimes require you to have an active bank account. So, if you can prove you have these things, you can take out a payday loan. However, not everyone’s situation is the same, so give us a call at 256-767-2100 so we can help you determine what you should bring to our office when you visit.

In general, when you come in to apply for a loan with Select Title Loans, we’ll ask you to show us your recent pay stubs and photo ID card. We may also ask you to write a check for the loan amount, plus a loan fee. This is your collateral for the loan. Then, on your next payday, you pay us back for the amount you borrowed, plus the fee.

We will always tell you exactly how much you will need to pay back on your loan. We love serving our customers in the Florence, AL area, so we continue to be transparent about our loan practices. We trust you to pay us back, so we want you to trust us to be upfront, too.

Who Can Get a Payday Loan?

We’ll help you get a loan if you’re at least 18 years of age, and can provide us with pay stubs and proof of an active bank account. You can use recent bank statements for this proof.

For our payday loans, no credit check is necessary, and we never report your loan to the major credit bureaus: Experian, Equifax, or TransUnion.

How is a Payday Loan Different from a Regular Loan?

Even if you’ve struggled in the past to take out a personal loan in Alabama from a bank or credit union, you can still qualify for a check advance. That’s because these traditional lenders scrutinize your credit score when deciding if they’ll lend you money. They don’t care if you’re able to pay back the loan if they think your credit history is less than stellar. To get a payday loan, bad credit is never a problem!

Their business practices also don’t take into account the fact that you work hard to earn a living, and sometimes you need a little bit of extra funding one week to take care of things. Instead, they focus on lending thousands of dollars at a time, and charging you interest over years and years, ultimately costing you thousands more! You might not realize how much you’re paying over time unless you do some complicated math or carefully read over a payment schedule. With a payday loan, we always tell you exactly how much your loan will end up costing you, including your principal and our reasonable fees.

Plus, we’ll never make you lock in your loan over years! Most of our clients pay back their check advances to us within two weeks – when they get their next paycheck – but we will work with you to roll over your loan until you can pay it off.

What Should I Know About Getting a Payday Loan?

When you talk to an Alabama payday loan company, like Select Title Loans, about borrowing money, you can rest assured that we’re following all the laws and government guidance on short-term loans. It’s the right thing to do, and we think our customers deserve honesty and the best service.

Before you sign documents to accept a payday loan or check advance, we’ll let you know both the annual percentage rate (APR) of your loan, and the total amount the loan will cost you until you pay it back. This will be shared with you in an easy-to-understand dollar amount. (If you go somewhere else other than Select Title Loans, and they don’t do this, you should leave immediately, and come see us instead!)

The APR is how much it costs you to borrow money from us for one year, and is based on your loan amount, our fees, the duration of your loan, and the interest rate or monthly finance charge. Most people do not need more than two weeks to pay back their loan, so they are actually saving money as compared to taking out a long-term loan, and they never have to worry about the costs beyond their original loan amount.

Select Title Loans Gives Short-Term Loans Florence, AL

Great news! If you live in or near Lauderdale County in Alabama, Select Title Loans is close to you! Why waste your time filling out loan applications with banks, or feel embarrassed asking for money from friends and relatives? When you could have the money you need in as little as 20 minutes. Issuing fast payday loans same-day is our specialty.

If you’re ready to take advantage of the money you’re already working to earn, come see us on North Wood Avenue to get a fast payday loan. To learn more about us, visit our website. We look forward to helping you soon!

 

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OUR LOCATIONS

1203 N. Wood Ave.
Florence, AL 35630
Phone: (256) 767-2100

Hours:
Mon – Friday 10AM – 6PM
Saturday 9AM – 2PM