Payday loans in Florida

Legality of payday advance in Florida

In line with state regulation, fast loans are legitimate. Florida sets a $500 limit on advance cash to US residents. Short-term credits are typically given for 7 to 31 days with the highest charge of 10% of the check for every $100 (plus verification fee not to go above $5) and 304% APR.To see the conditions of payday advance in Florida, read Fl. Stat. Ann. §§ 560.402 et seq. The document contains regulations for the legit payday loans in Florida.

How many payday loans can you have in Florida?

Payday loan in Florida state decree gives right for one loan at a time. You cannot take two loans simultaneously. Between two consecutive credits, there is a 24-hour period called cooling-off. The highest amount of $ loans at one time is up to $500. Any type of unlawful activity is prohibited.

Direct payday loan lenders in Florida

How can you apply for online payday loans in Florida?

Individuals who want to get an online payday advance in Florida have to meet these standard requirements and provide all the necessary information:

a borrower must be a US resident;

a person must have a regular monthly wage;

a client must have a usable bank account to receive funds;

a borrower must provide a valid ID or driver’s license;

a client must indicate his or her private data, such as banking details, email, and permanent address.

a person must be not younger than 18 y. o.;