Payday Loans Auburndale, FL | Online Payday Loans Florida

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Auburndale is a beautiful town located in Polk County, Florida. In general, it’s a tiny and welcoming community. It is a highly family-friendly and cost-effective place to live. The quantity of lakes in the middle part of the state near the city is well-known. With a median family income of $54066, Auburndale has a poverty rate of 17.0 percent. Nonetheless, Auburndale’s cost of living is 9% cheaper than the Florida average and 10% lower than the national median.

 

In any tough situation, when you have no choice but to take out a payday loan in Auburndale, Florida, make sure you choose a reliable lender. While payday lending is legal in the city, it is strictly regulated by the state. In the town of Florida, it is forbidden to lend more than $500 in a single payday loan. These single-payment loans are provided for 7 to 31 days and should be paid back in full. According to the Florida Office of Financial Regulation, going above and above these limits is illegal. When it comes to annual percentage rates, it’s not uncommon for payday loans in Auburndale, Florida to have interest rates and costs that exceed 500 percent.

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