Payday Loans Florence AL | Online Payday Loans Alabama Near Me

A North-West city of Alabama that is 11th largest among all, Florence is settled in Lauderdale County, US. It resides beside the Tennessee River and popular for having the oldest college, the University of North Alabama of Alabama. That’s why it is considered Alabama’s chief economic hub from the northwestern zone. Major working sectors of the city are education, manufacturing, health & social work, retailing & distribution, and food processing. Meanwhile, people in Florence earn nearly $54,819 (on average), but still, the poverty rate over there is 21.9%.

 

To tackle any unforeseen money-related issue, you can acquire a payday loan there, as it is legal. Criterion for this loan is less rigorous than other bank loans as you don’t need any good credit score, nor even collateral to secure your loan amount. But of course, all these things can’t be free of cost, that’s why it’s a costly form of temporary help. Loan amount totally depends upon your monthly earning and there’s also a maximum limit set by the state i.e. $500. In Florence, you’ll get 10-31 days to refund your whole debt with interest as per the state laws. Moreover, if talking about charges then the maximum finance cost is 17.5% but the actual mean APR can go 450% or rely on the loan amount, term, and payday lender.