Quick Answer: How Many Payday Loans Can You Have Out At Once?

Quick Answer: How Many Payday Loans Can You Have Out At Once?

Can you have two payday loans at once?

The chances of you getting a second payday loan are relatively low.

However, there is a chance that you can get one.

The probability depends on the state that you reside in and the lender that you choose.

How many payday loans can I take out?

3) Limits on number of loans: If a borrower takes out three payday loans in “quick succession,” lenders must cut them off for 30 days. Also, unless they can prove an ability to pay it all back, borrowers cannot take out more than one payday loan at a time.

How many payday loans can you have in Alabama?

Payday loans are considered legal in the state of Alabama. Alabama imposes a $500 amount limit on payday loans offered in the state. Payday loans can be taken for the period of 10-31 days with the maximum finance charge of 17.50% for every $100 and 456%* APR.

Can I get another loan from Speedy Cash?

A: Both loans can provide quick cash in an emergency. A: You cannot have multiple installment loans open simultaneously with Speedy Cash. However, you may be able eligible to get another loan – such as a title loan or payday loan – that you can have while also having an open installment loan.

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