Best Payday Loans in Jacksonville, FL - Apply Online Now to Borrow Money Online with Money Zap!

Here at MoneyZap, we only partner with licensed payday loan companies that assess potential borrowers only on their ability to repay their cash advance, placing less weight on their credit history. If bad credit has previously stood in the way of you accessing credit from traditional lending institutions like banks, you don’t have to worry with MoneyZap lenders.

Provided that you are a Jacksonville, FL resident with a regular income of at least $1,500 after-tax, you’re eligible for a no credit check payday advance.

No, we don’t offer direct lending. Instead, we are a matching service that connects any borrower looking for payday advances, title loans, or installment loans with credit providers.

Our network consists only of credible and reliable lenders offering the most competitive interest rates and flexible repayment terms to ensure you get the money you need, even with bad credit. All the lenders in our network of providers are licensed to operate in the sunshine state under the Deferred Presentment Statutes.

While several other brokers in Jacksonville, FL, charge a fee for their matching services, we don’t. Our platform is 100% free to use. Once you complete the secure loan application form on our website, we match you to trusted lenders in your area at no cost whatsoever.

If you like the terms of the cash advance and proceed to borrow from the lender we match you with, we receive a small commission from the company. That’s what keeps our financial services running.

Payday lending is legal in Jacksonville and everywhere else in Florida. It is governed by Section 560.401-560.408 of the Deferred Presentment Statutes, each covering a wide range of areas. Some notable limitations include defining the maximum loan amount for single-payment and installment payday advances, the maximum finance charges that can be levied on cash advances, and the maximum repayment term for each loan type.

All payday lending activities are logged in the Florida Deferred Presentment Transaction System. This database allows state regulators from the Office of Financial Regulation to monitor all payday transactions conducted in Jacksonville and other areas in the state.

Florida payday lending regulations cap the maximum amount Jacksonville residents can borrow at $500 for single-payment payday advances. If you’re taking out an installment cash advance instead, the maximum amount you can borrow is $1,000.

According to the existing statutes in the sunshine state, the finance charge imposed by lenders cannot exceed 10% for every $100 borrowed in single-payment loans. On the other hand, the finance cost for installment loans stands at 8% on the outstanding balance. Additionally, there’s also a $5 verification fee for both.

Here’s how to calculate the annual percentage rate (APR) on payday advances in Jacksonville, FL.

Suppose you take out a $100 single-payment cash advance with a repayment period of 14 days. The finance charge, in this case, would be 10% of the $100 borrowed. When you factor in the $5 verification fee, the total cost of the loan would be:

10% $100 = $10 + $5 = $15

To compute the APR:

$15 $100 = 0.15 14 days = 0.0107 365 days = 3.91 100 = 391% APR

According to the Center for Responsible Lending, the average APR for a $300 loan in the state stands at 304%.

The payday lenders in our network of providers do not penalize borrowers who wish to settle their loans before the due date. You can pay back the amount you owe at any time without incurring prepayment penalties. Keep in mind that doing so does not exempt you from the finance charges.

Yes, you can get a payday loan in Jacksonville with a poor credit rating. The lenders on our panel do not reject a potential borrower's loan eligibility based on their bad credit rating. Instead, they assess your ability to repay the loan. If you are at least 18 years old, a resident of Jacksonville, FL, and have a stable monthly income amounting to $1,500 or more after-tax, you qualify for a cash advance, regardless of your credit score.

Once you complete the secure online form with the requested information, we typically take a few hours to verify your details before matching you with the most suitable lender. During our search, we focus on finding a lender who best meets your financial needs and is most likely to approve your request with the most affordable rates.

As soon as the lender approves your application, you’ll need to sign a digital agreement consenting to the repayment terms. After that, the money will be transferred to your checking account as soon as 24 hours.

Borrowers who take out single-payment payday loans online have up to 31 days to repay the cash advance. If you're taking out an installment loan, the maximum repayment term for the amount is 90 days. Note that Florida law prohibits rollovers should you fail to pay back the balance by the time the due date comes around.

No, Florida state laws do not permit borrowers to take out more than one loan simultaneously. In other words, you can only have one outstanding loan at any given time. You’re required to pay your current loan back before applying for a second one. Keep in mind that there’s a mandatory 24-hour cooling-off period between applications, meaning you cannot request a cash advance until this period elapses.

The existing regulations place a $500 cap on single-payment cash advances and a $1,000 cap on their installment counterparts. While these amounts may suffice to sort out a short-term financial issue, they might not be adequate if your particular situation calls for more cash.

A great payday loan alternative to consider would be a title loan. The amounts you are entitled to depend on the value of the asset you intend to put up as collateral, such as your house or car. Additionally, if you’re looking for a cash advance alternative that gives you a slightly longer repayment period, applying for installment loans or personal loans might be worth looking into.