Payday Loans in ARIZONA USA

Arizona Payday Loan Laws and Legislation

Payday loans represent cash advances given to a borrower under high percent for a short term. The usual procedure of obtaining such a loan is not really complicated. The borrower should contact the main office of a lending company and write a post-dated check. In return he is provided with the required cash. Before the consumer's direct deposit check comes through, the lender keeps the given check. Payday loans are pretty expensive in terms of interest rates and therefore a lot of states have prohibited them.

In the State of Arizona, however, payday lending is legal and is regulated by the corresponding laws and charters.

According to Arizona state law the maximum amount of payday loan is $500. The loan cannot be given for a period of less than 5 days and lenders are not allowed to charge more than $17.65 for every $100 borrowed. Other terms for payday loans are maximum rate of finance and fees should not exceed 15% of the check. The maximum APR is 459% on every $100 dollar loan given for 14 days. One payday loan is allowed at a time for every borrower but three rollovers are allowed. However, it should be taken into consideration that every renewal of a repayment period is likely to be fraught with more finance charges and fees.

Arizona state law, however, imposes one severe restriction on payday loan business. It is a "fee-free" repayment plan. It presupposes that borrowers are able to rollover their loans for a period of 90 days and during this period are not obliged to take additional amounts of money. A person will not be charged with any new fees except for finance charges. However, in some cases the latter are enough to escalate interest rates to the sky.

The following limits of collection are applied in the State of Arizona: NSF fee should not be more than $25 as per the assessment of financial institution. Criminal actions against the borrower are not allowed. Arizona Department of Financial Institutions regulates all the aspects of payday lending procedures.

According to Arizona state law payday lenders should comply with the certain regulations. The latter presuppose that for every transaction there should be a loan agreement with all the information about the loan amount, terms of repayment, fees and financial charges, information about APR and date of the transaction; also the name of the business. All the funds should be listed in American dollars.

It is also required that all the information about payday lending should be available to every customer in English and in Spanish, provided that they are both state languages. Moreover, every payday lending company must have a license in order to operate in the state of Arizona - this is required by the law.

To cap it all, one should say that there are situations when payday loan can be very helpful. Sometimes urgent expenses appear from nowhere and have to be handled quickly in order to avoid further problems. In cases like this payday loans are a real way out. With such service you can be sure that you are not exactly tied to your paycheck and can get the required cash quickly and without much stress.

Arizona

Payday Loans Offered: No

State Regulator Information:

Arizona Department of Financial Institutions
Financial Enterprises Division
2910 N. 44th St., Suite 310
Phone: (800) 544-0708
Web: http://azdfi.gov/

Find Fast Payday Loan lender by cities in Arizona USA:

•  Aguila
•  Ajo
•  Alpine
•  Amado
•  Apache Junction
•  Arivaca
•  Arizona City
•  Arlington
•  Ash Fork
•  Avondale
•  Bagdad
•  Bapchule
•  Bellemont
•  Benson
•  Bisbee
•  Black Canyon City
•  Blue
•  Blue Gap
•  Bouse
•  Bowie
•  Buckeye
•  Bullhead City
•  Bylas
•  Cameron
•  Camp Verde
•  Carefree
•  Casa Grande
•  Cashion
•  Catalina
•  Cave Creek
•  Central
•  Chambers
•  Chandler
•  Chandler Heights
•  Chinle
•  Chino Valley
•  Chloride
•  Cibecue
•  Cibola
•  Clarkdale
•  Clay Springs
•  Claypool
•  Clifton
•  Cochise
•  Colorado City
•  Concho
•  Congress
•  Coolidge
•  Cornville
•  Cortaro
•  Cottonwood
•  Crown King
•  Dateland
•  Dennehotso
•  Dewey
•  Dolan Springs
•  Douglas
•  Dragoon
•  Duncan
•  Eagar
•  Eden
•  Ehrenberg
•  El Mirage
•  Elfrida
•  Elgin
•  Eloy
•  Flagstaff
•  Florence
•  Forest Lakes
•  Fort Apache
•  Fort Defiance
•  Fort Huachuca
•  Fort McDowell
•  Fort Mohave
•  Fort Thomas
•  Fountain Hills
•  Fredonia
•  Gadsden
•  Ganado
•  Gila Bend
•  Gilbert
•  Glendale
•  Glendale Luke AFB
•  Globe
•  Golden Valley
•  Goodyear
•  Grand Canyon
•  Gray Mountain
•  Green Valley
•  Greer
•  Hackberry
•  Happy Jack
•  Hayden
•  Heber
•  Hereford
•  Higley
•  Holbrook
•  Hotevilla
•  Houck
•  Huachuca City
•  Hualapai
•  Humboldt
•  Indian Wells
•  Iron Springs
•  Jerome
•  Joseph City
•  Kaibeto
•  Kayenta
•  Keams Canyon
•  Kearny
•  Kingman
•  Kirkland
•  Kykotsmovi Village
•  Lake Havasu City
•  Lake Montezuma
•  Lakeside
•  Laveen
•  Leupp
•  Litchfield Park
•  Littlefield
•  Lukachukai
•  Lukeville
•  Lupton
•  Mammoth
•  Many Farms
•  Marana
•  Marble Canyon
•  Maricopa
•  Mayer
•  Mc Neal
•  McNary
•  Meadview
•  Mesa
•  Miami
•  Mohave Valley
•  Morenci
•  Mormon Lake
•  Morristown
•  Mount Lemmon
•  Munds Park
•  Naco
•  Nazlini
•  New River
•  Nogales
•  North Rim
•  Nutrioso
•  Oatman
•  Oracle
•  Overgaard
•  Page
•  Palo Verde
•  Paradise Valley
•  Parker
•  Parks
•  Patagonia
•  Paulden
•  Payson
•  Peach Springs
•  Pearce
•  Peoria
•  Peridot
•  Petrified Forest Natl Pk
•  Phoenix
•  Picacho
•  Pima
•  Pine
•  Pinedale
•  Pinetop
•  Pinon
•  Pirtleville
•  Polacca
•  Pomerene
•  Poston
•  Prescott
•  Prescott Valley
•  Quartzsite
•  Queen Creek
•  Red Rock
•  Red Valley
•  Rillito
•  Rimrock
•  Rio Rico
•  Rio Verde
•  Rock Point
•  Roll
•  Roosevelt
•  Round Rock
•  Sacaton
•  Safford
•  Sahuarita
•  Saint David
•  Saint Johns
•  Saint Michaels
•  Salome
•  San Carlos
•  San Luis
•  San Manuel
•  San Simon
•  Sanders
•  Sasabe
•  Scottsdale
•  Second Mesa
•  Sedona
•  Seligman
•  Sells
•  Shonto
•  Show Low
•  Sierra Vista
•  Skull Valley
•  Snowflake
•  Solomon
•  Somerton
•  Sonoita
•  Springerville
•  Stanfield
•  Sun City
•  Sun City West
•  Sun Valley
•  Supai
•  Superior
•  Surprise
•  Tacna
•  Taylor
•  Teec Nos Pos
•  Tempe
•  Temple Bar Marina
•  Thatcher
•  Tolleson
•  Tombstone
•  Tonalea
•  Tonopah
•  Tonto Basin
•  Topawa
•  Topock
•  Tortilla Flat
•  Tsaile
•  Tuba City
•  Tubac
•  Tucson
•  Tumacacori
•  Vail
•  Valentine
•  Valley Farms
•  Vernon
•  Waddell
•  Wellton
•  Wenden
•  White Mountain Lake
•  Whiteriver
•  Wickenburg
•  Wikieup
•  Willcox
•  Williams
•  Willow Beach
•  Window Rock
•  Winkelman
•  Winslow
•  Wittmann
•  Woodruff
•  Yarnell
•  Young
•  Youngtown
•  Yucca
•  Yuma


Disclamer: 4paydayloan.com is not a lender and does not broker loans. This website collects information which you provide and then forwards it to one more or lenders in our network. Individual lenders make the loan approval decision and determine the terms and conditions of each loan agreement.

4paydayloan.com may share the information which you provide at any step of the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship.Payday lenders may perform routine credit checks and will normally verify all of the information which you supply on the application.

Submission of personal information is strictly voluntary and does not guarantee that you will be matched with a payday lender or will receive a payday loan. Not everyone will qualify for a payday loan.Not all lenders are able to provide the maximum amount of 1000$ in cash funds.

Cash transfer times vary among the different lenders and not all offer one hour transfer service.Payday loans are not available in all 50 states and the list of participating states may change at any time and without notice.



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