Madison Short-term Loan in 2025

Common Capital is a Help Organization dedicated to providing the public with comprehensive, accurate, and accessible online information about payday loans in Tennessee.

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Eligibility Criteria for Personal Loans

  • Proof of identity: A government-issued ID such as a passport or driver's license.
  • Proof of income: Recent pay stubs or a bank statement to verify your financial situation.
  • Contact information: Valid email address and phone number for communication purposes.
  • Bank account details: An active bank account to receive the funds.
  • Completed application form: Accurately filled out with all required personal and financial details.
  • Age requirement: Must be at least 18 years old to qualify.

Trusted Short-term Loan Lenders in Madison, TN

Discover our curated list of trusted payday loan lenders, committed to providing transparent services and assisting those in need with responsible lending solutions tailored to fit various financial circumstances.

Lender
User Ratings
Address
Phone
Category
World Cash Services LLC
User Raiting:
5.00
Address: 1009 Gallatin Pike S, Madison, TN 37115
Phone: +1 (615) 865-8600
Category: Check cash
World Finance
User Raiting:
4.80
Address: 1605 Gallatin Pike N, Madison, TN 37115
Phone: +1 (615) 870-5555
Category: Loan agency
Mariner Finance
User Raiting:
4.80
Address: 2121 Gallatin Pike N, Madison, TN 37115
Phone: +1 (615) 448-0201
Category: Loan agency
OneMain Financial
User Raiting:
4.60
Address: 1599 Gallatin Pike N, Madison, TN 37115
Phone: +1 (615) 868-4310
Category: Loan agency
Advance Financial
User Raiting:
4.60
Address: 1596 Gallatin Pike N, Madison, TN 37115
Phone: +1 (615) 657-3016
Category: Loan agency
Advance Financial
User Raiting:
4.40
Address: 215 Gallatin Pike S, Madison, TN 37115
Phone: +1 (615) 645-0753
Category: Loan agency
World Finance Corp
User Raiting:
4.40
Address: 1605 Gallatin Pike N, Madison, TN 37115
Category: Loan agency
Signature Loan
User Raiting:
4.20
Address: 705 A Gallatin Pike N, Madison, TN 37115
Phone: +1 (615) 255-5626
Category: Loan agency
Credit Central
User Raiting:
3.20
Address: 1915 Gallatin Pike N STE 106, Madison, TN 37115
Phone: +1 (615) 851-7060
Category: Loan agency
Security Finance
User Raiting:
3.00
Address: 104 Gallatin Pike S, Madison, TN 37115
Phone: +1 (615) 612-4013
Category: Loan agency

What Are the Alternatives for Short-term Loans in Madison?

Explore safer financial solutions beyond payday loans, including credit counseling, installment loans, and local assistance programs designed to provide more sustainable and manageable financial support options.

Installment Loans Quick

Installment loans provide borrowers with a lump sum to be repaid over a set schedule, offering predictable, manageable payments.

Fast Cash Loans

Fast cash loans offer immediate access to funds for urgent needs, often with minimal eligibility requirements and quick approval times.

Instant Title Loans

Instant title loans use your vehicle title as collateral, offering you fast cash based on your car’s value.

Emergency Loan Guaranteed

Emergency loans guaranteed cater to sudden financial needs, providing a safety net with quick disbursal and flexible terms.

Payday Loans Online

Payday loans online facilitate short-term borrowing with easy applications, rapid approval, and direct bank transfers for quick financial relief.

P2P Loans No Credit Check

P2P loans no credit check connect borrowers directly with lenders through online platforms, enabling personalized loan arrangements.

Online Debt Consolidation Loans

Online debt consolidation loans combine multiple debts into one, simplifying payments and potentially reducing interest rates.

Bad Credit Loans Instant

Bad credit loans instant provide financial solutions for those with poor credit, focusing on alternative factors for swift approval.

How to Apply for Online Short-term Loans in Madison

Research Lenders Thoroughly

Begin by conducting comprehensive research on various payday loan lenders available online. Look for credible and reliable institutions by reading reviews, checking their Better Business Bureau ratings, and verifying their licensing. Ensure the lender is transparent about the loan terms and fees. Protect yourself from scams by avoiding lenders who guarantee approval without checking your financial information. This research phase ensures you select a trustworthy lender that suits your financial needs and limits the potential for future issues.

Gather Required Documentation

Before starting the application process, gather all necessary documentation to streamline your experience. Commonly, you’ll need to provide proof of income, bank account details, identification, and possibly your Social Security number. Having these documents ready will make the application smoother and quicker. Check the lender’s website for specific document requirements. Ensuring you have the right paperwork on hand minimizes delays and can increase your chances of swift approval, helping you secure the funds you need promptly.

Complete the Online Application Form

Fill out the lender’s online application form carefully, ensuring all the details are accurate and complete. The form typically asks for personal details, employment information, income, and bank account specifics. Take your time to review the information entered to avoid any errors that could impede the approval process. A thorough and accurate application reduces the potential for delays and increases your likelihood of quickly obtaining your desired payday loan.

Review Loan Terms Carefully

Once your application is pre-approved, you will receive details about the loan terms and conditions. It's crucial to review these documents thoroughly before consenting. Pay close attention to interest rates, fees, repayment terms, and any penalty clauses. Understanding the full scope of your financial obligation will help you make an informed decision and avoid unexpected payments. Never rush this step; clarity now will ensure financial stability and prevent unpleasant surprises later on.

Accept the Loan Agreement

If you are satisfied with the terms and conditions provided, proceed to formally accept the loan agreement. This is usually done electronically. Ensure you understand all aspects of the agreement, including repayment schedules and methods. By signing and accepting, you enter into a binding contract, committing to meet repayment obligations as outlined. Confirm you have received a copy of the finalized agreement for your records and proceed with due diligence to adhere to its terms.

Receive Funds and Plan Repayment

After accepting the loan agreement, your funds will typically be deposited into your designated bank account within one to two business days. Plan your repayment strategy immediately to avoid falling behind. Consider setting reminders for due dates or setting up automatic payments if available. Understanding your repayment plan, budget accordingly to ensure you can make timely payments, and maintain a favorable relationship with the lender, which could be beneficial for any future financial needs.

How to Use Short-term Loans - Useful Resources

Explore our comprehensive guide on utilizing personal loans effectively. Discover valuable resources and tips to manage short-term financial needs responsibly and avoid potential pitfalls.

Industry
Address
Phone
Car Wash
Address: 664 Myatt Drive, Madison, TN 37115
Phone: +1 (615) 865-1771
Club & Association
Address: 1020 Heritage Drive, Madison, TN 37115
Phone: +1 (615) 870-3330
College/University
Address: 106 Gallatin Pike North, Madison, TN 37115
Phone: +1 (615) 860-3255
Community Center
Address: 301 Madison Street, Madison, TN 37115
Phone: +1 (615) 860-7180
Do-It-Yourself Centers
Address: 1584 Gallatin Pike North, Madison, TN 37115
Phone: +1 (615) 865-9600
Fitness Club & Center
Address: 119 Douglas Street, Madison, TN 37115
Phone: +1 (615) 275-7221
Hospital
Address: 500 Hospital Drive, Madison, TN 37115
Phone: +1 (615) 769-5000
Hotel
Address: 118 Emmitt Avenue, Madison, TN 37115
-
Museum
Address: 1249 Northgate Business Parkway, Madison, TN 37115
-
Rent-a-Car Facility
Address: 1114 Snow Avenue, Madison, TN 37115
Phone: +1 (615) 868-1919
Roadside Restaurant
Address: 201 Gallatin Pike South, Madison, TN 37115
Phone: +1 (615) 865-9923
Shopping Center
Address: 2148 Gallatin Pike North, Madison, TN 37115
-
Theater
Address: 721 Myatt Drive, Madison, TN 37115
Phone: +1 (615) 860-4156
Tire Service
Address: 436 East Old Hickory Boulevard, Madison, TN 37115
Phone: +1 (615) 865-0054

How to Get to Madison

Complaints about Short-Term Loans in Tennessee

Issue Type
Amount of Complaints
Charged fees or interest you didn't expect
268
Struggling to pay your loan
197
Problem when making payments
145
Problem with the payoff process at the end of the loan
96
Charged fees or interest I didn't expect
93
Getting the loan
62
Incorrect information on your report
54
Getting a line of credit
50
Can't contact lender
45
Problem with additional add-on products or services
36
The data is taken from consumer complaint database created by Consumer Financial Protection Bureau

Submit a Complaint for a Short-term lender in Madison

If you need to submit a complaint against a payday lender in Tennessee, the primary regulatory body is the Tennessee Department of Financial Institutions. They ensure compliance with state laws governing payday loans. You can reach them at:

  • Tennessee Department of Financial Institutions, 312 Rosa L. Parks Avenue, 26th Floor, Nashville, TN 37243
  • (615) 741-2236
Submit a Complaint

Frequently Asked Questions about Short-term Loans

How Do Payday Loans Work?

Payday loans, also known as cash advances, are short-term loans designed to help individuals meet immediate financial needs until their next paycheck. Borrowers typically write a post-dated check for the loan amount plus fees or authorize the lender to electronically withdraw funds from their bank account on the loan's due date.

Who Can Apply for a Payday Loan?

Anyone with a steady source of income and an active bank account may apply for a payday loan. Lenders often approve loans for individuals with bad credit or limited credit history, providing a chance to secure fast loans during emergencies.

Are Payday Loans Suitable for Long-term Financial Needs?

Payday loans are not intended for long-term financial solutions. They are best used for short-term emergencies, such as unexpected medical bills or urgent repairs. For personal long-term financial needs, consider exploring other loan options that offer more favorable terms and rates.

What Are the Typical Fees Associated with Payday Loans?

The fees for payday loans can vary, but they often involve a fixed fee per $100 borrowed. This can be equivalent to a high Annual Percentage Rate (APR). It's essential to carefully review the loan terms and fee structures to avoid burdensome debt.

How Quickly Can I Access Funds from a Payday Loan?

One of the benefits of payday loans is their speed and convenience. Many lenders offer instant or same-day approval, providing borrowers with fast access to funds, which can be crucial during emergencies.

Can I Get a Payday Loan with Bad Credit?

Yes, you can often get a payday loan with bad credit. Payday lenders generally do not perform stringent credit checks and are more concerned with your ability to repay the loan using your regular income.

What Happens if I Can’t Repay a Payday Loan on Time?

If you cannot repay the loan on the due date, you might incur additional fees and interest. It can lead to a cycle of debt, making it essential to assess your repayment capability beforehand and explore extensions or alternative solutions with your lender if needed.

How Do Payday Loans Affect My Credit Score?

Payday loans typically do not impact your credit score directly since most lenders do not report these loans to credit bureaus. However, if a loan goes unpaid, it could be sent to collections, potentially affecting your credit score negatively.

Are There Alternatives to Payday Loans?

Yes, there are several alternatives, such as personal loans from credit unions or online lenders, borrowing from family or friends, or negotiating payment plans with creditors. Exploring these options can provide better terms and lower interest rates.

Is Online Payday Lending Safe?

While many online payday lenders are legitimate, it is crucial to research and verify the lender's credentials. Ensure that they comply with your state's regulations and read reviews from previous borrowers to gauge their reliability and customer service.

Can I Renew or Extend a Payday Loan?

Some lenders offer loan renewals or extensions, but it often comes with additional fees. Make sure to understand these terms before agreeing, as repeated renewals can significantly increase the overall cost of the loan.

Tennessee Short-term Loans Near Me

Adamsville Alamo Alcoa Alexandria Algood Andersonville Antioch Apison Ardmore Arlington Ashland City Athens Atoka Atwood Bartlett Bean Station Bells Benton Berry Hill Big Sandy Blaine Blountville Bolivar Bon Aqua Bradyville Brentwood Brighton Bristol Brownsville Bruceton Bulls Gap Bumpus Mills Burlison Burns Byrdstown Calhoun Camden Carthage Caryville Castalian Springs Celina Centerville Chapel Hill Chattanooga Chuckey Church Hill City Clarkrange Clarksville Cleveland Clifton Clinton Coalmont College Grove Collegedale Collierville Collinwood Columbia Cookeville Copperhill Cordova Cornersville Corryton Cosby Counce Covington Crockett Mills Cross Plains Crossville Crump Culleoka Cumberland City Cumberland Furnace Dandridge Dayton Decatur Decaturville Decherd Dickson Dover Dresden Ducktown Dunlap Dyersburg Eads Eagleville East Ridge Elizabethton Englewood Erin Erwin Estill Springs Etowah Fairfield Glade Fairview Farragut Fayetteville Frankewing Franklin Friendsville Gadsden Gainesboro Gallatin Gates Gatlinburg Germantown Gibson Gleason Goodlettsville Gordonsville Grand Junction Gray Graysville Greenbrier Greeneville Greenfield Gruetli laager Halls Harriman Harrogate Hartsville Heiskell Helenwood Henderson Hendersonville Hermitage Hickory Valley Hill Hixson Hohenwald Hollow Rock Hornbeak Humboldt Huntingdon Huntland Huntsville Jacksboro Jackson Jamestown Jasper Jefferson City Jellico Joelton Johnson City Johnsonville Jonesborough Juliet Kimball Kingsport Kingston Kingston Springs Knoxville Kodak La Vergne Lafayette Lafollette Lakeland Lawrenceburg Lebanon Lenoir City Lewisburg Lexington Liberty Linden Livingston Lobelville Lookout Mountain Loretto Loudon Louisville Lyles Lynchburg Lynnville Madison Madisonville Manchester Martin Maryville Mascot Mason Maury City Maynardville Mcewen Mckenzie Mclemoresville Mcminnville Memphis Michie Middleton Milan Millington Monteagle Monterey Morrison Morristown Mosheim Mountain City Mt Carmel Mt Pleasant Mt. Juliet Munford Murfreesboro Nashville New Johnsonville New Market New Tazewell Newbern Newport Niota Nolensville Norris Oak Ridge Oakland Obion Old Hickory Oliver Springs Oneida Ooltewah Orlinda Palmer Paris Parrottsville Parsons Pegram Pigeon Forge Pikeville Piney Flats Pittsburg Plains Pleasant View Portland Powell Pulaski Puryear Reagan Red Bank Red Boiling Springs Riceville Rickman Ridge Ridgely Ridgetop Ripley Roan Mountain Rockwood Rocky Top Rogersville Rossville Rutledge Sardis Savannah Scotts Hill Selmer Sevierville Sewanee Seymour Shelbyville Signal Mountain Smithville Smyrna Sneedville Soddy Daisy Somerville South Fulton South Pittsburg Sparta Speedwell Spencer Spring City Spring Hill Springfield Stanton Summertown Surgoinsville Sweetwater Talbott Tazewell Tellico Plains Tennessee Ridge Thompson's Station Tiptonville Toone Townsend Tracy City Trenton Trezevant Trimble Troy Tullahoma Tusculum Unicoi Union City Vanleer View Viola Vonore Wartburg Washburn Watertown Waverly Waynesboro White Bluff White House White Pine Whites Creek Whiteville Whitwell Winchester Winfield Withe Woodbury Woodland Mills