Dothan, Alabama is a beautiful city nestled in the foothills of majestic Alabama mountains. It has a mild climate for the better part of the year and the winters are brief in this area. Dothan, AL is the second largest city in Baldwin County, right beside the historic former Black Belt City of Tuscaloosa. Dothan is a popular destination for travelers due to the many attractions it has to offer. You can enjoy golfing, hunting, fishing, traveling, sightseeing, art galleries, great restaurants, and of course the night life.
The city is quite small with an approximate population of around eight thousand. The largest industry in the area is tourism, which contributes almost one-half of the yearly revenue. The most striking building in Dothan is the prominent Dothan State Historic Site. This tourist attraction is another reason why tourists often flock to Dothan.
Many of the citizens in Dothan do not own cars and rely on public transportation to get around. The city has a very low crime rate with only around two hundred robberies a year. Dothan is also home to many upscale shopping and dining establishments. The Payday loans in Dothan allow residents to access cash instantly when they need some extra cash.
People in the Dothan area have different reasons for applying for payday loans. Some do so to prevent further debt, while others want extra money when they run out of cash during a temporary shortage. Many people also go for payday loans to alleviate the stress of paying off their credit card bills. They may be able to take care of a simple medical emergency or save up the money to pay for school. Regardless of the reason, applying for a Dothan payday loan is easier than filling out an application online.
Payday loans in Dothan take a few moments to fill out and approval can be achieved within twenty-four hours. Anyone over eighteen years of age with a regular job is eligible for a Dothan payday loan. The amount loaned, the interest rates and the terms of repayment vary from company to company. Some companies require applicants to have a Dothan bank account while others require no banking account information. Applicants are required to fax copies of pay stubs, identification and a copy of their latest pay stub.
Payday loans in Dothan charge a reasonable interest rate and offer a number of options for repayment. Interest is applied by the lender to the principal amount outstanding and is typically applied twice a month. Interest is usually twelve percent in most cities.
The Dothan area has become a popular choice among consumers who are in a financial bind. Loan companies have expanded into offering cash advances in addition to traditional short-term loans. This means that there is more competition among payday advance lenders in the area. Payday loans in Dothan can be obtained through a local payday loan store or online at various locations. Both services offer different payment terms, interest rates and other financial terms.
Those who need extra money between pay checks are good candidates for payday loans in Dothan. Customers must meet a minimum requirement of a checking account and a payroll stub. The amount of the loan is directly deposited into the customer's designated bank account on the date of the loan repayment. A short-term loan may be due for repayment within one week or a few weeks after the scheduled date of repayment. No pre-payment penalties are assessed.
Many of the customers who use payday loans in Dothan are in need of extra cash during the middle of the month. This can happen if a customer does not have extra funds in his or her checking account. In many cases, these payday advance lenders provide customers with interest free or low interest "roll-over" periods. Payday loans in Dothan offer the convenience of fast cash, the security of a guaranteed repayment date and the peace of mind of knowing that the loan will be paid back. In many cases, customers do not even need a faxed statement because the lender can provide a physical proof of the date of payment.
Payday loans in Dothan can be used for a variety of purposes. Customers can use the funds to cover medical bills, tuition, car repairs, household expenses and groceries. Most borrowers choose to borrow only the amount they need for a particular expense. For instance, a customer may need cash for one car repair but may want to borrow two cars instead. By using payday loans in Dothan, he is able to determine the best loan option for him based on his current financial situation. Borrowers do not need to fear that they will be charged high interest rates because most payday loans in Dothan charge much less than their traditional banking institutions.
A number of online payday advance services are also available in Dothan. These services allow customers to get cash quickly and conveniently. In fact, many of the online payday loans in Dothan are prepaid so there is no worry about a balance when the customer signs up. Borrowers simply complete the online application process and make their deposit into their preferred banking account.
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