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Payday Loans in Arizona


Suddenly occurred economic hardship can easily throw you off balance. Whether it’s an emergent home repair, an unexpected job loss, or just healthcare costs, the unplanned expenses can be terribly distressing. However, at the same time, you have to accept that bills still need to be settled up despite everything.


Short-Term Solutions for The Financial Crisis


If you are unexpectedly strapped for cash and have a savings account drained out, you may still find the way out. Short-term loans may be a good option to receive extra cash to meet your day-to-day needs. We offer legit services that can be accessed remotely from anywhere. You can reach out to a third-party independent lender by submitting your credit request on our website. Multiply your chances to get approved for extra funding by simply working with various lenders available in our network. 


How to get Fast Loans?


First things first, you need to consider that the word fast and its effect on getting cash advances direly depends on how you prefer to shop for a loan. If you choose the traditional lending practices, you definitely need to check out some local stores and find storefront lenders. However, instead, you may choose to get your cash through an online marketplace and have more efficient finding access.


What are the Main Advantages of Payday Loans?


Despite the predatory lending reputation, payday loans offer quite advantageous features that millions of Americans take advantage of. Here are the most iconic highlights that make up the advantages of short-term loans.


Bad credit, no problem: Since your credit score has been classified as poor or bad, getting a loan starts to be a major obstacle. However, it’s not the endgame if you hold a bad or even no credit as you may still have an opportunity. Many lenders who we team up with offer no credit checks while considering your credibility; thus, you may get your credit application approved.


No security is required: Most lenders require to back up the loan with valuable assets to lower the risk in case of nonpayment. But what to do if you don’t have any collateral to pledge against your debt? Our lending partners offer absolutely collateral-free practice. At first, you don’t have to risk your assets in case of nonpayment. Secondly, you don’t have to waste money on collateral valuation and insurance.


Quick and easy processing: If you look for a quick and secure experience, payday lending is what you need to consider. Fill out a credit request wherever you want and get up to 2500 $ cash delivered directly into your bank account. No mandatory in-store visits or bulks of paperwork; everything is available online.


What Should You Know Before Getting a Payday Loan in Arizona?


Payday loans are prohibited by law in Arizona for those who have storefronts. Small loans have a rate cap of 36% a year, plus a 5% fee. This has made it too difficult for the storefront lenders t operate, thus most companies stopped offering these loans. However, Arizona residents can still get access to other short-term loans such as installment loans online. 


Attention

As a result of changes CFPB has made, from July 2020 the lenders don't have to check if the borrower is able to repay the loan. Thus, we encourage you to be careful and make sure you can afford the loan before applying.


Regulations of Payday Loans in Arizona
Status     Prohibited
Annual Percentage Rate (APR)     N/A
Minimum Loan Amount     N/A
Maximum Loan Amount     N/A
Minimum Loan Term     N/A
Maximum Loan Term     N/A
Number of Rollovers Allowed     N/A
Finance Charges     N/A
Cooling-off Period     N/A

Useful Sources

Real interest rate map /PDF/ of payday loans in the United States calculated on a typical loan.

Payday loans regulation /PDF/ by state 2020.

Find out more about payday lending state statutes in National Conference of State Legislatures.
The Consumer Financial Protection Bureau (CFPB) makes the financial marketplace work more effectively and educates consumers to help them take more control over their financial lives. Click here to learn more.


[ Updated on 14-Jan-2021, 10:04 ]

We've been in the industry for more than six years.