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The offers that appear on OpenCashAdvance.com are from companies from which OpenCashAdvance.com receives compensation. OpenCashAdvance.com does not make loan offers, but instead pairs potential borrowers with lenders and lending partners. We are not a lender, do not make credit decisions, broker loans, or make short-term cash loans. We also do not charge fees to potential borrowers for our services and do not represent or endorse any particular participating lender or lending partner, service, or product. Submitting a request allows us to refer you to third party lenders and lending partners and does not constitute approval for a loan.

Short-Term Loans Online in Troy, AL.

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Consumers on the hunt for money may have more choices than they realize. There’s a big variety of short-term loan shops in cities like Troy. It is important to know where to look. Keep reading for more information about where to find a lender in your neighborhood. 

Advantages of Taking out Payday Loans in Troy

While technology makes life easier from numerous points of view, using a local lender can be a better option than the online experience. Storefronts often have more products, meaning they might be able to customize a loan to what the customer looks for. They can even offer a more subjective decision process.

Lenders in Troy are known for providing fast cash when customers need it most. Actually, the financing can even be quicker when it’s requested in person rather than online.

How to Get a Cash Advance and Payday Loan in Troy

The first step toward borrowing cash is to request a loan from a lender or lending partner. That can be done at their loan shop, or you can fill out an online request. Regardless of the type of applying, the applicant should receive a fast answer.

While regulations vary from state to state, most cities follow the lending restrictions issued by their particular state. That involves rules about maximum loan amount, maximum finance charge, loan term limitations, and finance charges. If you are looking for legislation for Troy payday loans, you should start by looking at the rules for the particular state.

Cost and Regulations of Cash Advance and Payday Loans in Troy, AL
Law Status Legal
MIN Loan Amount None
MAX Loan Amount $500
Min Loan Term 10 days
Max Loan Term 31 days
Max APR 456%*
Additional Fees Not specified
NSF Fee $30
Number of loans at the same time No limit, but the total outstanding loan amount cannot exceed $500
Cooling off period Next business day after repayment
Rollover 1
Penalties for default Prohibited unless check returned due to closed account

Installment Loans in Troy

As with most other states, there is a limit on how much you can borrow in Alabama using a payday loan. Fortunately, there is another option for those who need more than a few hundred dollars.

They can request an installment loan instead. An installment loan is a short-term loan as well, but it is paid back in small pieces over time. Installment loans are usually $1,000 to $5,000. While the loan amount is higher, most lenders are able to get the money in the borrower’s account just as fast as with a smaller loan.

Requesting Title Loans in Troy

Automobile title loans are another way to receive emergency financing. This short-term loan is secured with collateral. The borrower backs the loan using their automobile, meaning the lender takes on less risk when approving an applicant.

Customers are able to keep driving their cars while paying back a title loan. While the lender technically assumes ownership of the automobile during the repayment period, the automobile remains in possession of the borrower during repayment. As soon as the loan agreement reaches a positive conclusion, the borrower should repossess full ownership of their automobile.

Not all states alow you to borrow against your automobile. Before requesting a title loan in Troy, check and be sure that the product is currently available.

Favorite Troy, AL, Cash Advance and Payday Loan Companies

Company name
Address
Phone
1 STOP CASH
1408 Highway 231 S Troy AL, 36081
334-808-2644
Advance America
1404 Highway 231 South # C Troy AL, 36081
334-808-9066
ADVANCE AMERICA
1404 Old Highway 231 N Troy AL, 36079
334-808-9066
Alabama Monetary Services
1005C Highway 231 S Troy AL, 36081
334-566-1056
APPROVED CASH ADVANCE
1215 Hwy 321 S C Troy AL, 36079
334-566-8983
APPROVED CASH ADVANCE
1215 Highway 231 S Troy AL, 36081
334-566-8983
Big Easy Cash
1001 Highway 231 South Troy AL, 36081
334-566-1070
Cash 2 Go
1005 Highway 231 South Troy AL, 36079
334-566-1056
Cash Express
906 South Brundidge Street Apt A Troy AL, 36081
334-566-5200
CASH EXPRESS
906 S Brundidge St # A Troy AL, 36081
334-566-5200
Cash Express Inc
906 S Brundidge St Ste A Troy AL, 36081
334-566-5200
CASH TREE
816 Highway 231 S Troy AL, 36081
334-808-8810
Cash Tree
816 Highway 231 South Troy AL, 36081
334-808-8810
Cash Zone
111 E Walnut St Troy AL, 36081
334-566-7377
CASHLAND INC
813 Highway 231 S Troy AL, 36081
334-566-4981
Check Into Cash
1215 US-231 Troy AL, 36081
334-566-1267
Check Into Cash Inc
1239 Highway 231 S Troy AL, 36081
334-566-1267
EXPRESS CHECK ADVANCE
1111 Highway 231 S Troy AL, 36081
334-566-6588
FAST CASH OF AMERICA
119 Southland Vlg Troy AL, 36079
334-808-2644
FAST CASH TITLE EXCHANGE
1009 Highway 231 S Troy AL, 36081
334-566-1972
Title Cash
1005 Highway 231 Bypass Troy AL, 36079
334-808-9033
TITLE CASH
2780 Hwy 231 S Troy AL, 36079
334-808-9033
WEBLINK SERVICE CENTER
1001 Highway 231 S Troy AL, 36081
334-566-7377
Wire Grass Check Cashing Service
102 University Avenue Troy AL, 36081
334-566-9622

Find Payday Loan Companies Near You


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FAQ

What Happens If I Don’t Repay on Time?
If you can’t repay your payday loan on time, the lender may offer a rollover. However, you may be required to pay a new fee to extend the terms. Additionally, rollovers are not an option in each state. Also, if you still can’t pay your payday loan on time after the extension, the lender may send your account to a collection agency, which can hurt your credit score.
How Do I Pay Back My Loan in Troy?
Repayment varies by lender, but some borrowers repay their online loans by providing an Automated Clearing House (ACH) authorization for the lender to electronically withdraw cash from their checking account on the due date.
What to Do if I’m Denied a Short-Term Loan in Troy?
If you are denied a payday loan, you can decide to approach another lender and seek financing through them. You may consider providing collateral as it minimizes the risk for lenders. However, if you default on your loan, the lender can sell the collateral to recoup its losses. Also, if providing collateral isn’t an option, consider borrowing a lower loan amount.
How Often Can I Apply for a Loan in Troy?
Every state has their own regulations regarding the number of payday loans a customer can receive. It is best to consult your state’s specific laws and speak to a lender to conclude how many loans you can have at once.
Can I Apply for SSI Payday Loans in Troy?
According to ECOA legislation, creditors cannot discriminate against applicants who receive income from public assistance programs, which would include people who get SSI.

Payday Loan Calculator

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*
Enter the number of days you have to pay back the loan.
*
The annual percentage rate (APR) represents your yearly interest charge. We placed a representative APR in this field based on state averages. Please feel free to update it with the exact APR associated with your loan, if applicable.
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This loan calculator is provided as an estimator only. The details of your loan will depend on several factors including, but not limited to: loan amount, term, annual percentage rate (APR), fees, the state you live in, and the lender’s conditions. These details vary lender to lender and are subject to change at any time. The details of your loan will be provided to you by your lender.
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