How Much Can You Borrow on Payday Loans in Huntsville, AL?

June 28, 2021 | Louis Tully

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Are you in a pinch trying to cover urgent expenses and not being able to make your paycheck stretch far enough? Would a few hundred extra bucks make your problem go away?

You might want to look into getting a payday loan in Huntsville AL with Alabama Title Loans, Inc.

All You Should Know about Payday Loans Huntsville, AL Offers

What Is a Payday Loan?

A payday loan is an unsecured short-term fast loan. This means you don’t need to put up collateral to get approved for a payday loan.

They are typically designated for smaller emergencies, as the maximum loan amount in the majority of the states is capped at a few hundred dollars by state statutes.

Getting payday loans in Huntsville, AL is a suitable option when you need a one-off emergency settled – an urgent medical visit, a quick home repair, or covering an overdue bill.

How Much Can I Borrow with Payday Loans in Huntsville, AL?

The maximum amount of any payday loan in Alabama is $500.

If you decide to apply for a payday loan at Alabama Title Loans, Inc. the maximum loan amount you can qualify for is the maximum amount allowed in the state - $500. But the actual amount you qualify for depends on your income and your ability to repay the loan.

How Do I Qualify for Payday Loans?

Here’s what you’ll need to provide the Alabama Title Loans, Inc.’s representative when you meet them at Huntsville location:

  • A government-issued photo ID to prove you’re over 18;
  • Social security card;
  • A 30-day bank statement from a checking account in your name;
  • A blank check from the same checking account;
  • Proof of income (typically your most recent pay stub);

How Long Will It Take to Get Payday Loans in Huntsville, AL?

Less than a day.

Submitting an online form and getting instructions from a loan representative should only take a few minutes each at most.

huntsville al payday loan representative

After that, the longest you’ll have to spend on it would be the face-to-face appointment when the loan representative assesses your documents. This process typically doesn’t take more than 30 to 40 minutes.

If you get approved, the money will be in your wallet in 30 to 40 minutes after you meet with a representative for the paperwork assessment.

Can I Qualify with Bad Credit?

Qualifying for payday loans in Huntsville, AL doesn’t require perfect credit. Alabama Title Loans, Inc. welcomes potential borrowers with all types of credit.

This means as long as the required items you provide meet the lender's standards, you can get the loan regardless of what your credit looks like – it can be good, it can be bad, or you can have no credit to speak of.

It will have little effect on the final results.

What if My Income Is Irregular?

To get approved for payday loans in Huntsville, AL, it’s required to provide your most recent pay stub. It would act as a proof of your ability to pay the loan off, and the amount you qualify for would depend on it, as your loan payoff would have to come out of your next paycheck.

That said, if your income is irregular (or you’re outright unemployed), and you’re unable to provide a recent pay stub, you could still qualify for the payday loan if you’ll provide alternative proof of income and your ability to pay the loan off.

This could be any benefit or compensation you’re getting – from social security benefits to alimony checks. Explain your situation to the loan representative beforehand and make sure to provide the appropriate documents to back it up.

Will a Payday Loan Affect My Credit?

Alabama Title Loans, Inc. doesn’t report its loan information to any credit bureaus, and without getting reported your loan cannot reflect upon your credit. This means the credit score will stay the same as before. So, you don’t need to worry about this with payday loans in Huntsville, AL or any other location where Alabama Title Loans, Inc. provides the services.

How to Apply for Payday Loans in Huntsville, AL

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Here are the guidelines on how get payday loans in Huntsville, AL:

  1. Make sure you’ve got all the required items (the government-issued photo ID, social security card, 30-day bank statement, and blank check from your checking account, and proof of income) in order before applying.
  2. Submit a filled-out online form for payday loans on the website to kick-start the process.
  3. Wait for a phone call. As soon as the form gets processed (it should only take a few minutes), a loan representative from the Huntsville, AL location will give you a call. They’ll provide further instructions, answer any questions you might have, and set up an appointment for you.
  4. Take the required items to the Huntsville store location. The loan representative will assess them to determine if you should get a loan – and how much.
  5. Sign the loan documents and get your cash.

Submit Your Inquiry Today!

Payday Loans Huntsville, AL store location offers might be your helping hand when you need emergency fund in the amount of up to $500 TODAY. For bigger loan amounts, consider getting car title loans Alabama Title Loans, Inc. offers.

You can get up to $15,000 cash with title pawns in Huntsville, AL if you are at least 18 years old and outright own a vehicle. Submit your inquiry today and find out how Alabama Title Loans, Inc. can help you with your financial hiccups.