Sometimes you need cash and can’t wait until the next paycheck. If other options aren’t available, consider a payday loan. This short-term, high-interest type of borrowing is easy to qualify for, even if you have bad credit. Our partners at ConsumerAffairs researched the best payday loans in West Palm Beach to get money in your hands fast.
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With a payday loan in West Palm Beach, a borrower can get up to $500 in cash. In exchange, the lender gets a check for principal plus fees, to be deposited on payday or an agreed-upon date. Online lenders may instead ask for electronic banking information so the funds can be automatically withdrawn from your bank account.
As convenient as payday loans in West Palm Beach are, they come at a high cost. Payday lenders in Florida can charge up to 10 percent of the borrowed amount, plus a $5 verification fee. This means the annual percentage rate on a two-week loan might be anywhere between 285 and 390 percent.
For this reason, it’s best first to consider payday loan alternatives, such as borrowing from family or friends, contacting creditors and asking for more time, applying at a credit union or asking an employer for an advance.
If you do take out a payday loan in West Palm Beach, be familiar with the relevant laws in Florida:
No borrower can take out more than one payday loan at a time.
The loan term must be between seven and 31 days.
If the loan term ends and the borrower can’t repay in full, the lender must provide a 60-day grace period with no additional charge (as long as the borrower completes credit counseling).
The borrower cannot be arrested for failing to repay a payday loan.
As you consider a payday loan in West Palm Beach, comparison shop for the lowest charges. Remember to borrow only what you can afford to pay back, taking into account the total cost of the loan. Have a clear understanding of the due date. If you have any questions about the terms, ask the lender before completing the transaction.
Speedy Cash has been issuing short-term loans to borrowers since 1997. Customers apply for payday loans online, then get a quick decision and direct deposit of funds within 24 business hours. Visitors to the Speedy Cash website will find numerous helpful resources and answers to payday loan FAQs. Customers appreciate the fast application process and knowing their personal information is secure.
Advance America is a national company with over 20 years of payday lending experience. In West Palm Beach, borrowers can get between $100 and $500. Apply online or at any of several area locations to receive same-day cash. Customers in the West Palm Beach area, many of whom give five-star reviews, say the service is fast and courteous.
Fast Payday Loans
Fast Payday Loans can lend you up to $500 in as little as 30 minutes. Start by filling out an online request form, and a friendly store associate will call you right back. No credit check is required, and all you need to apply is a state-issued ID, a blank check from an active checking account and your most recent pay stub. According to reviews, staff at the West Palm Beach location provide excellent service and timely loans.
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