Payday Loan Statistics In Tennessee

As of 2018, there were 923 payday lending stores in Tennessee, with the top 5 lending companies accounting for about 80% of Tennessee's payday lending market.

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Are Online Payday Loans Legal In Tennessee?

Are you a Tennessee resident looking for emergency funding for your needs? Luckily, Payday Loans are now legal here. Borrowers can apply for and receive a loan that must be repaid within 31 days maximum. Minimum repayment terms are not specified.

What Is The Highest Amount For A Payday Loan In Tennessee?

Currently, the maximum loan amount that Tennessee residents can get through the Payday Loan is $500. It's also important to note that now, under the Deferred Presentment Services Act, licensed payday lenders are not allowed to have more than two outstanding checks from a single borrower at a time.

Financial charges on a Payday Loan shall not exceed 15% of the amount of the check. Payday Loan APR can be around 460%.

Payday Loan Statistics In Tennessee

The number of payday lending stores in Tennessee has declined significantly over the past decade. In 2010, the state had about 1,500 stores, in 2013 - about 1,300, and in 2016 - just over a thousand. As of 2018, there were 923 payday lending stores in Tennessee. It's also important to note that by 2018, the top 5 lending companies accounted for about 80% of the payday lending market in Tennessee.

The Best Direct Payday Lenders In Tennessee

Since more and more people are in need of payday financing lately, each of them wants to know which lender is the best to choose. Of course, the easiest and fastest option is a direct lender, as it saves the borrower from having to overpay third parties and wait for their approval. So, if you urgently need money, then Payday Loan USA Online is the best option for you.

Will I Be Able To Get A Loan Even If I Don't Live In Tennessee?

If you don't live in Tennessee, don't worry, as the payday loan market is popular across the country. So South Carolina residents can also apply and have all their financial issues resolved today.

Benefits To Apply For A Loan In Tennessee At Payday Loans USA Online

If you are thinking about getting a Payday Loan in Tennessee, you will most likely need to pay attention to the main advantages of this loan offer:

  • Simple and convenient online application
  • Almost instant approval
  • Fast financing directly to your bank account
  • Debt repayment terms up to 31 days

Get an instant Payday Loan in any city of Tennessee

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PAYDAY LOANS ONLINE -
REQUEST FORM

Get Cash $100 - $1000+ Today

  • Available even for bad credit applicants.
  • Applying doesn't affect your credit score!

Get Your Money in a Few Clicks

We keep your personal information secured!

By submitting my information, I acknowledge I have read, understand, and agree to the terms of the Privacy Policy and the Terms of Use,I understand that by submitting my information, I may be contacted by telephone by one lender.