Alachua is a locality in the United States of America’s Alachua County. The population of the town was 10,574 according to the 2020 census. The Gainesville Metropolitan Statistical Area encompasses Alachua County. The county is noted for its rich cultural diversity, as well as its native music and handicrafts. In Alachua County, Florida, 21.4 percent of the population lives in poverty. However, projected job growth is expected to be 40.7 percent over the next 10 years, which is greater than the US average of 33.5 percent.
If you’re in a tight place and have no option but to take out a payday loan in Alachua, Florida, be sure you’re working with a reputable company. While payday lending is permitted in the city, it is subject to tight state regulations. It is illegal to lend more than $500 for single-payment payday loans and $1,000 for installment payday loans in the state of Florida. It is prohibited to exceed these restrictions, according to the Florida Office of Financial Regulation. When it comes to yearly percentage rates, payday loans in Alachua, Florida are not unusual to have interest rates and fees that reach 500 percent.