Tennessee Payday Loans

Tennessee is one of the 25 states which have legalized Tennessee payday loans. They have specific legislative arrangements in place. You can get a payday loan amount up to $500. You get this loan from companies dealing in payday loans. If you are dealing with reputable company it can not offer you more than this amount. You can borrow three payday loans at one time but the total should not exceed $500 in any way.

If they offer you more than this you are suggested to be leery of them. This is legally settled limit and can not be exceeded. Your Tennessee payday loans lender can charge from you an interest rate of 15% or $30 which ever is less. You can borrow this loan for a maximum of 31 days. If you borrow $100 for 14 days, the interest rate on this will be $17.65. The APR on this is 459%.

Tennessee payday loans law prohibits rollover. Rollover means taking extension on the payment of existing loan amount. In a rollover you are required to pay fees again without paying the principal loan amount. The state laws in a way helps its borrowers as roll over might lead you to pay more than the original loan amount. In addition to this Tennessee law requires Tennessee payday loans lenders to be licensed.

tennessee payday loans

Tennessee Payday Loans: Law & Regulations

One characteristic peculiar to Tennessee payday loans is lenders are required to furnish their clients with a written statement drafted in simple and understandable language. This draft statement must explain the fees these lenders are charging and the date on which the loan is to be paid. You can not be held criminally liable by your lender. But your lender might ask you to pay $30 towards NSF in the event of non payment of the loan amount on the date due.

Mid-South Title Loans

This Tennessee payday loans provider offers title loans and cash advance loans. They claim themselves to be the oldest, largest and most respected title loan and check advance companies in the Memphis. They claim to run their business based on mutual respect, flexibility and working with our customers. You just have to fill an easy loan application at their local branch closest to you and provide them with basic information about yourself. This information includes your [roof of age, state issued photo ID, bank statement, proof of income etc. Give them a call at 901-821-9211 or visit their website at www.m-stl.com

Check in to Cash Advance Payday Loan Center

This Tennessee payday loans company offers a wide arrangement of financial products and services. This includes wire transfer, paying bills, and loans services form personal to title and auto loans. They are in to check cashing also and provide Tennessee payday loans as well. The procedure to apply for a payday loan is simple. They claim themselves to be your one stop money shop. They have been providing loan lending services since 1993. You can either visit their branch office locally or apply online. They provide you cash in a short span of time in your emergency. You just have to provide them with some very basic information about yourself. Give them a call at 901-543-8271 or visit their website at www.checkintocash.com

Rent-A-Center

This Tennessee payday loans lender offers a wide arrangement of financial services and products from check advances to check cashing, and money orders to money transfer and also tax advice. Besides this maintain big sales store for different items. Their application procedure is simple. You can apply online by providing minimum information about you. You can also use their services by personally visiting their branch office nearest you. Give them a call at or visit their website at www.racfinancialservices.com

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