Florida Payday Loans Online

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 into 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.

Loans for Bad Credit in 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.

How Payday Loans Work:

We understand that emergencies can occur at any time and can throw you 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 account 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: 731 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 a 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 taken.

It should be noted that although 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.

We have many years in the payday lending industry and want you to make an informed that will genuinely help your financial situation.