Having access to immediate cash can often mean saving on overdraft fees, finance charges, and reconnection fees. Unfortunately, with 61 percent of Americans living paycheck to paycheck, the extra cash needed to avoid those exorbitant fees are hard to come by. But, with a cash advance from Tallahassee, you can get the cash you need fast to cover unexpected expenses and avoid paying money for additional fees.
Getting a cash advance in Tallahassee can be a smart financial move. Tallahassee cash advances are small, short term loans designed to meet immediate cash needs. Also called payday loans, the terms on these small loans are usually 7 – 14 days. Best of all, they are fast to get. Your credit score won’t prevent you from getting a cash advance like it might at a bank. You also don’t need to gather a lot of paperwork to get a cash advance from Tallahassee. All you’ll need are a driver’s license, proof of income, and a bank statement. Once your account is open, all you have to do is write a check for the amount of the loan plus finance charges. As long as your account is in good standing, a Tallahassee cash advance will always be available to meet your immediate cash needs. Yet, it won’t bring down your credit score like an available balance on a credit card.
Florida has adopted special laws to regulate the payday loan industry and protect the customer. For starters, the maximum amount that you can borrow from a payday loan lender in Tallahassee is $500. Depending on the lender, the terms of the loan will be anywhere between 7 – 31 days. In Florida, the maximum APR on a payday loan is set at 390%. It may seem like a lot, but, since these loans are short-term, the fees are often less than bank overdraft fees.
Florida has additional laws designed to help you pay back your cash advance in Tallahassee. One such law states that you can only have one outstanding loan at a time. Also, you cannot do rollovers. These are loans that are taken out just to pay back a cash advance that is currently due. While these laws may seem restrictive, they are designed to protect consumers from getting caught in a cycle of cash advances.
There are also protections in place to help you enter into a payment plan for a loan if you are having trouble paying it off in one lump sum. These laws limit the amount of fees a cash advance lender in Florida can charge for repayment plans.
A cash advance in Tallahassee makes it easy to avoid exorbitant bank fees and late fees. With identification, a job, and a bank account, you can quickly take out a loan that will ease your financial crunch until next payday. The regulations in place in Florida make it easy for you to use these loans responsibly and avoid the snowball of accumulating loans. A cash advance in Tallahassee and the rules regulating it can help you take control of your financial situation while saving money.