Payday Loans Jacksonville

Payday loans are legal in Jacksonville FL.

In Jacksonville, borrowers cannot get more than $500 at a time. Besides, you cannot get more than one payday loan at a time. The lending business is regulated by Florida Office of Financial Regulation.

Payday loan terms are 7-31 days.

You cannot get rollovers in Jacksonville FL – so all the loans should be returned in time. However, you can request for a repayment plan.

The maximum finance charge is 10% for every $100 borrowed  (+ verification fee which equals $5), APR is 304%. A cooling-off period between 2 consecutive loans is 24 hours.

Criminal actions against borrowers are prohibited in Jacksonville FL.

Florida payday loans are also known as “deferred presentment transactions“.

All payday lenders in Jacksonville FL should be licensed in order to operate in the state.

Payday loans in Jacksonville FL can be given to both to the residents of Florida or to those who are planning to move here.

If a borrower is unable to pay off a payday loan on the due date, a lender can offer a 60-day grace period. However, for this, you need to take certain steps in advance.