Florida Payday Loans
Living on paycheck to paycheck can get frustrating at times. Florida payday loans could potentially help your situation. As we’ve all unexpectedly ran out of cash or ran in to unforeseen bills and expenses. In such dire situations, people may consider getting a payday loan.
Getting online payday loans in Florida is a very fast, convenient, and simple process. We are a company that helps people access loans, using an easy online loan request form.
Fast Payday Loans Florida
If you are a resident of Florida and your next paycheck is yet to arrive, but you need money fast, a payday loan may be just the solution you need. Here at LoanPigUSA, we can refer you to some of the state’s most reputable, safe, and secure lenders to ensure your experience is stress-free and you are not dealing with any loan sharks or fraudsters.
Payday Loans Florida
We understand that emergencies can occur at any time and can throw your finances into chaos. Finding lenders to borrow money from in such short notice is not an easy task and it can take a long time to get everything finalized with a bank or other large lender. On the other hand, our service does all the hard work for you, tapping into a network of reputable lenders poised to make you an offer. Most people see the funds in their accounts the very next day.
Are Payday Loans Legal in Florida?
Yes, payday loans are legal. Florida requires all payday lenders to be licensed in the state and follow state laws. Technically, you can borrow up to $500 as a payday loan.
But as a Florida resident, you have other short-term loan options including installment loans, which come with larger amounts with longer repayment terms and different regulations. Here are the basic facts about Florida loans:
- Maximum loan amount: $500
- Minimum loan term: None specified
- Maximum loan term: 7–31 days
- Rollovers: Prohibited
- Loan limit: You can only have one payday loan at any time.
You can find the main regulations in Florida Statutes Chapter 560.402 et seq.
Payday Loans Eligibility
- 18 years of age, as lenders cannot lend to minors.
- A legal citizen of the United States, with a fixed address in Florida.
- Are permanently employed or self-employed…
- Or have a verifiable monthly source of income of at least $1,000.
- And have at least a basic checking account where the loan can be deposited and repayments are taken.
Online Payday Loans Florida
It should be noted that although online payday loans are relatively easy to obtain and are only a short term commitment, they are still an important undertaking. Failure to meet the repayment terms may result in added interest and other fees. Before signing the contract with the lender you will be provided with a copy of the loan agreement, outlining all of the terms. It is your responsibility to read and understand these, as ignorance is not an excuse for failing to pay.
Payday Installment Loans Florida
Installment loans are similar to payday loans. An installment loan is a sum of money that you borrow and repay in smaller amounts. You could borrow a loan and pay it back in smaller installments until your next payday. This way, you are not having the full amount come out of your account at once and it is done over several weeks instead.
Florida Payday Loans
We have many years in the payday lending industry and want you to make an informed that will genuinely help your financial situation. So, if you are looking for a payday loan, here at LoanPigUSA we can help you find a lender which is best suited to you and your needs.