Payday Lenders in Arizona
Payday Loan Laws
Loan Terms and Conditions
prohibited
Whenever you need emergency financing, you can get loans online from a legit lending companies. Check your rates and terms before applying for cash advance online.
History of Arizona Payday Loans
How to file a complaint
- ADDRESS
- Financial Services Consumer Service Section, Arizona Department of Insurance and Financial Institutions, 100 N15th Ave, STE 261, Phoenix, AZ 85007
- 602-364-3100
- Website
Arizona Loan Debt Relief
How to Get out of Loan Debt?
Types of Quick Loans in Arizona
Alternatives to Payday Loans in Arizona
Personal Loans
Among the various loan options available in Arizona, personal loans are highly sought after by borrowers for their versatility. They serve multiple purposes, including home improvements, debt consolidation, and unexpected expenses. With fixed interest rates and manageable monthly payments, personal loans provide borrowers with a budget-friendly approach. Lenders often extend more favorable terms, such as lower interest rates and flexible repayment plans, to individuals with excellent credit. On the other hand, borrowers with less-than-ideal credit may face higher interest rates and stricter eligibility criteria, as imposed by lenders.
Bridge Loans
For individuals in Arizona seeking short-term financing to facilitate the purchase of a new property while still owning their existing one, bridge loans offer a viable solution. These loans come into play when conventional loans are not readily available or when quick access to funds is crucial. Typically, lenders require an equity interest in the property and may limit the loan-to-value ratio to a maximum of 80%. Eligibility for a bridge loan usually entails providing evidence of the ability to close the sale or secure a conventional loan within a specified timeframe, typically four months or less. Bridge loans, categorized as non-mortgage or specialty financing, are designed to be repaid within a short period, typically ranging from 1 to 3 years.
Home Equity Loans
Homeowners in Arizona have the option to leverage the equity in their properties through home equity loans. These secured loans allow borrowers to tap into their home equity as collateral and access cash at a fixed interest rate with a predetermined repayment period. Home equity loans serve various purposes, including covering unexpected expenses, consolidating debt, or making home improvements. While they may offer potential tax benefits, it's important to note that defaulting on these loans could lead to foreclosure.
Bad Credit Loans in Arizona
Individuals in Arizona with poor credit or limited credit history can still explore loan options through bad credit loans. These specialized loans often come with higher interest rates and additional fees compared to traditional loans. Qualifying for bad credit loans may require collateral or a co-signer to mitigate the higher risk associated with these borrowers. Despite the challenges, bad credit loans can be utilized for debt consolidation, home repairs, or unexpected expenses, providing an opportunity to rebuild creditworthiness over time.
Arizona Small Business Loans
Small business loan options in Arizona:
- SBA loans: The SBA offers a variety of loan programs, including 7(a) loans, 504 loans, and microloans, to help small businesses access funding for things like, such as working capital, equipment purchases, and real estate investments.
- Arizona Commerce Authority (ACA) Small Business Loans: The ACA offers financing programs specifically designed to support small businesses in Arizona. These loans provide working capital, equipment purchase, and business expansion funding.
- Arizona Microcredit Initiative (AMI) Loans: MI is a nonprofit organization in Arizona that provides microloans to small businesses that may not qualify for traditional bank loans. These loans are designed to support businesses owned by low- to moderate-income entrepreneurs.
- Business Lines of Credit: Offer a revolving credit facility, allowing businesses to access funds as needed. They provide flexibility and can be used for short-term working capital, inventory management, or other operational expenses.
- Equipment Financing: Enables businesses to acquire or lease equipment needed for their operations. Lenders provide funds specifically for the purchase or lease of equipment, with the equipment itself often serving as collateral.
Arizona Student Loans
Veterans and active-duty service members in Arizona have access to VA loans, a financing option supported by the U.S. Department of Veterans Affairs. These loans are offered by private lenders but carry the advantage of VA guarantee. VA loans often require little to no down payment, making homeownership more attainable for those who may face financial constraints. Additionally, VA loans typically do not require mortgage insurance and often come with lower interest rates. The flexible credit requirements of VA loans enhance eligibility for veterans and active-duty service members, ensuring accessibility to financing opportunities. This valuable benefit enables veterans and service members to embark on the path to homeownership, even when traditional loan options may seem out of reach.
Arizona Student Loans
Many options are available to Arizona students to help finance their college education. These options include:
- Federal Student Loans: Low-interest loans backed by the federal government that can be used to pay for education expenses.
- Education Refinance Loans: Refinancing your existing student loans with a private lender can be an option to consolidate your loans, potentially lower your interest rate, and simplify repayment. Several private lenders offer education refinance loans specifically designed for borrowers looking to manage their student loan debt more effectively.
- Direct PLUS Loans: These federal loans are available to graduate or professional students and parents of dependent undergraduate students. They allow borrowers to cover the remaining educational costs not met by other financial aid. The interest rates and repayment terms are set by the U.S. Department of Education.
- Private Student Loans: Loans offered by private lenders that can be used to pay for education expenses, with interest rates and terms that can vary widely.
Arizona Income Information
United States Census Bureau. “Poverty in the United States: 2021.” Accessed on May 12, 2023.
United States Census Bureau. U.S. Census Bureau QuickFacts: Arizona. Accessed on May 12, 2023.
Arizona Payday Lender Complaints
| Company Name | Count |
| Big Picture Loans, LLC | 19 |
| Delbert Services | 18 |
| CURO Intermediate Holdings | 12 |
| LDF Holdings, LLC | 10 |
| CASHCALL, INC. | 7 |
| CNG FINANCIAL CORPORATION | 7 |
| Total Complaints | 202 |
Consumer Financial Protection Bureau. Consumer Complaint Database. Accessed on May 12, 2023.
Most Common Issues
| Complaint type | Count |
| Charged Unexpected fees or interest | 77 |
| Struggling to pay loan | 22 |
| Received a loan didn’t apply for | 22 |
| Can’t contact lender | 19 |
| Can’t stop withdrawals from account | 18 |
What are the main reasons Americans apply for payday cash advance online or offline
Payday loans are typically used for nonnegotiable everyday expenses like your rent, utilities, and groceries. Per data reported by Pewtrust, the percentage of reasons described below
| Reason | Share |
| Regular Expenses (Utilities, car payment) | 53% |
| Unexpected emergency/expense | 16% |
| Rent/Mortgage | 10% |
| Something Special | 8% |
| Other | 5% |
| Did not answer | 2% |
Payday Lenders by City
- Phoenix
- Tucson
- Mesa
- Chandler
- Gilbert
- Glendale
- Scottsdale
- Peoria
- Tempe
- Surprise
- San Tan Valley
- Yuma
- Goodyear
- Buckeye
- Avondale
- Flagstaff
- Casas Adobes
- Queen Creek
- Maricopa
- Lake Havasu City
- Casa Grande
- Marana
- Catalina Foothills
- Oro Valley
- Prescott Valley
- Prescott
- Sierra Vista
- Bullhead City
- Apache Junction
- Sun City
