Cash Advance and Payday Loans in Jacksonville, FL.
Payday loans and cash advances can help people in stressful financial situations. When in need of fast funding, Jacksonville citizens may not know where to turn. That’s why we have collected all the information you need to know about payday loans and where to get them in Jacksonville, Florida.
Advantages of Taking Out a Payday Loan in Jacksonville
There are many advantages to taking out payday loans in Jacksonville. Here are some of them:
- Payday loans are a convenient way to obtain quick funding when in need of fast cash. Lenders typically require minimal financial and personal information. Additionally, if you are approved, the funds may be directly deposited in as little as one business day.
- Going to a physical store is not required. You can apply for these loans from the comfort of your home. As a result, Jacksonville applicants can apply for loans at any time.
- Lenders will check your credit score, but it may not be the sole determinant of approval. Some lenders may consider income alongside credit when determining eligibility.
How to Get a Cash Advance and Payday Loan in Jacksonville
Unlike some states, payday loans are legal in Florida . Payday loan and cash advance lenders offer loans for many emergencies like medical expenses, rent, or bills. The process of requesting a payday loan in Jacksonville is relatively simple. You can begin your request by completing an online application. The application process is relatively quick and easy, and if approved, you may receive the funds to your bank account in as little as one business day.
Cash Advance and Payday Loans Requirements
To apply for a loan in Jacksonville, Florida, you need to provide:
- Personal information (full name, ID, address, Social Security number, and phone number)
- Proof of income from a job or other verifiable source
- Bank account details, such as a checking account
- Employment information (company name, income amount, and pay frequency)
Costs and Regulations of Cash Advances and Payday Loans in Jacksonville, FL
Payday loans and cash advances are legal in Jacksonville, but local authorities heavily regulate them. Applicants can borrow up to $500. The average APR is around 400%, which equals about $10 to $30 for every $100 you borrow.
Jacksonville’s payday loan terms are between seven and 31 days. Only one loan is allowed, and rollovers are not permitted. Additionally, there is a 24-hour cooling-off period between two consecutive loans.
Jacksonville lenders may also charge additional fees. These can include a 10% finance charge for every $100 and a $5 verification fee.
Installment Loans in Jacksonville
Since the city of Jacksonville sets a maximum limit of $500 on the amount that you can borrow with payday loans, you can opt for an installment loan instead if you want to borrow more. Installment loans in Jacksonville are legal, but they also follow certain regulations. Here are a few useful facts you need to know about them:
- You can borrow up to $1,000
- APR for installment loans in Jacksonville ranges from 6.63% to 225%
- Installment loan terms are between 60 days and 90 days
Requesting Title Loans in Jacksonville
If payday and installment loans don’t work for you, you can acquire title loans in Jacksonville. Car title loans allow you to borrow money while using your vehicle’s title as collateral.
Jacksonville lenders and consumers must follow certain guidelines when issuing and borrowing title loans. The interest rates are generally high, with borrowers paying 30% interest for loans up to $2,000. However, interest rates may decrease with a large amount. Interest for title loans between $2,000 and $3,000 may be 24%. Similarly, interest rates for amounts exceeding $3,000 may be 18%.
Jacksonville residents can borrow up to $50,000 of title loans. The loan term ranges up to 30 days; however, this may be extended for an additional 30 days.
If you repay the loan on time, you will gain back the title of your vehicle. However, if you fail to pay back on time, the lender has the right to sell your vehicle.
Our Favorite Jacksonville, FL, Cash Advance and Payday Loan Companies
In case you don’t know which lenders to turn to, we have a couple of suggestions. Check out the following companies if you live in Jacksonville:
Check ‘n Go
Check ‘n Go offers payday loans, cash advances, and installment loans. The company also provides prepaid MasterCards and cash checking services. On average, you can expect to pay an APR of 390% for 31-day loans and about 600% for 14-day loans.
Check ‘n Go has six locations around Jacksonville and accepts online applications, too.
Advance America is one of the largest cash advance and payday loan providers in Jacksonville, with 17 locations around the city. The lender offers payday loans of $100 to $500, installment loans of $100 to $1,000, and title loans of $2,000 to $25,000. Advance America also offers Western Union services and prepaid VISA cards.
CLICK ON STATE IN THE MAP BELOW TO SEE MORE DETAILED STATE BY STATE INFORMATION
TYPE YOUR ZIP BELOW TO SEE CASH ADVANCE COMPANIES
Cash Advance Information by State:
Florida Advance Loan - Cities
Fill out the form below to reach out to one of our financial professionals.