Florida Payday Loans
Payday loans are legal in the state of Florida. The regulations on payday loans in Florida are similar to those in many other states. The maximum amount that someone can borrow from a payday loan company is $500. Florida payday loans can have terms of anywhere from 7 days to 31 days. It is up to the lender to decide what repayment period they would like to put forth. Florida has a significantly lower limit on the maximum amount of interest that can be charged - only 10% of the amount borrowed. This equates to a fee of $10 per $100 financed. If someone who borrows money is unable to repay it in a timely fashion, the lender must offer a repayment plan and give the borrower 60 days before sending the loan to collections.
There are many cities that offer lending companies including Orlando, Miami, and Tampa.
Payday loan lenders in Florida are permitted to charge a verification fee in addition to interest charged. The fee varies depending on the amount of money that is loaned.
Florida lenders are not allowed to pursue criminal charges against those who are unable to pay back a loan.
Borrowers in Florida are not able to extend their loans. Payday loan extension is also known as loan rollover. Borrowers are also only able to have one outstanding payday loan at a time.
Jacksonville, FL 32256
Jacksonville, FL 32246
Jacksonville, FL 32257
Jacksonville, FL 32216
Jacksonville, FL 32257
Tampa, FL 33617
Jacksonville, FL 32210
Miami, FL 33133
Tampa, FL 33602
Jacksonville, FL 32217
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