Springfield 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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Tennessee Springfield

Eligibility Criteria for Personal Loans

  • Valid government-issued ID proving your identity.
  • Proof of current address, such as a utility bill or lease agreement.
  • Recent pay stubs or bank statements demonstrating stable income.
  • Active bank account for fund disbursement, with online access.
  • Completed application form with accurate and up-to-date information.
  • Consent to perform a soft credit check, not affecting your credit score.
  • A working phone number and email address for communication.
  • Over the age of 18 and a legal resident of the country.

Trusted Short-term Loan Lenders in Springfield, TN

Discover a network of reliable payday loan lenders committed to providing transparent services, ensuring trust and peace of mind for borrowers in need of quick financial assistance.

Lender
User Ratings
Address
Phone
Category
World Finance
User Raiting:
5.00
Address: 3538 Tom Austin Hwy Ste 9, Springfield, TN 37172
Phone: +1 (615) 384-9300
Category: Loan agency
Credit Central
User Raiting:
4.90
Address: 102 Mooreland Dr #1, Springfield, TN 37172
Phone: +1 (615) 384-9901
Category: Loan agency
Advance Financial
User Raiting:
4.90
Address: 3552 Tom Austin Hwy, Springfield, TN 37172
Phone: +1 (615) 751-8878
Category: Loan agency
Security Finance
User Raiting:
4.80
Address: 3538 Tom Austin Hwy Suite 6, Springfield, TN 37172
Phone: +1 (615) 384-7501
Category: Loan agency
Covington Credit
User Raiting:
4.40
Address: 3538 Tom Austin Hwy Ste 5, Springfield, TN 37172
Phone: +1 (615) 382-6793
Category: Loan agency

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

Explore viable alternatives to payday loans that offer financial relief without the high costs. Discover manageable solutions that pave the way for financial stability and informed decision-making.

Installment Loans Fast

Borrowers repay the loan over time with scheduled payments, often used for larger sums. They offer a structured repayment, making it easier to manage finances.

Guaranteed Cash Loans

Short-term, small loans designed to cover immediate needs. Accessible with minimal requirements, they're a quick solution for temporary cash shortages.

Online Title Loans

These loans use your vehicle’s title as collateral. They provide quick access to funds, but risk asset forfeiture if not repaid on time.

Emergency Loan Quick

Fast-access loans for unforeseen expenses like medical bills or urgent repairs. They provide immediate relief but often come with higher interest rates.

Payday Loans Online

Short-term, high-interest loans meant to bridge the gap until your next paycheck. Known for easy online application processes and rapid approval.

Instant P2P Loans

Peer-to-peer lending platforms connect borrowers with individual investors, offering more flexible terms and competitive rates without traditional banks.

Debt Consolidation Loans

These loans combine multiple debts into one with a single monthly payment and potentially lower interest rates, simplifying financial management.

No Credit Check Bad Credit Loans

Available to individuals with poor credit history, these loans look at other factors for eligibility and often have higher interest rates as a compromise.

How to Apply for Online Short-term Loans in Springfield

Research and Choose a Reputable Lender

Begin by researching various online payday loan lenders to identify one that is trustworthy and well-reviewed. Look for lenders that are licensed and comply with state regulations, as this indicates their legitimacy. Pay attention to customer reviews and rating platforms that provide insights into the experiences of past borrowers. Choosing a reputable lender not only safeguards your personal information but also ensures transparent loan terms and conditions to help you avoid hidden fees or unreasonable interest rates.

Understand the Loan Terms and Requirements

Before proceeding with your application, thoroughly review the loan terms, interest rates, fees, and repayment schedule. Familiarize yourself with the eligibility requirements, such as minimum age, residency status, and income criteria. Understanding the terms will help you determine whether the payday loan is suitable for your needs and if you can realistically meet the repayment obligations without compromising your financial stability. Clarifying these aspects upfront is crucial to avoid any surprises during the loan process.

Prepare Necessary Documentation

Gather all required documents and information prior to applying for the loan. Typically, you will need to provide proof of income, such as recent pay stubs or bank statements, as well as a government-issued ID and contact details. Ensure that all information is accurate, up-to-date, and easily accessible to facilitate a smooth application process. Having your documentation ready will help you complete the application efficiently and improve your chances of receiving a timely response from the lender.

Complete the Online Application

Once you've selected a lender and have your documentation ready, proceed to fill out the lender's online application form. Provide all requested information accurately, including personal details, employment information, and bank account data for fund disbursement. Double-check your application before submitting to ensure there are no errors that could delay the approval process. Most lenders provide an instant decision or respond within a few hours, thanks to automated systems that process online applications efficiently.

Review and Accept Your Loan Agreement

Upon approval, carefully review the loan agreement presented by the lender. This document will outline the total amount borrowed, interest rate, repayment schedule, and any applicable fees. Ensure all terms align with initial discussions and there are no unexpected conditions. Once you're comfortable with the terms, accept the agreement digitally, and funds will be deposited into your designated bank account, typically within 1-2 business days. Maintain copies of all correspondence for your records and future reference.

How to Use Short-term Loans - Useful Resources

Explore essential resources on using personal loans wisely. Our guide empowers you with crucial insights and tools, ensuring you make informed financial decisions effectively and responsibly.

Industry
Address
Phone
Car Repair and Service
Address: 4 North Main Street, Springfield, TN 37172
Phone: +1 (615) 382-0089
Car Wash
Address: 2200 Memorial Boulevard, Springfield, TN 37172
Phone: +1 (615) 667-1515
Club & Association
Address: 250 Champion Dr, Springfield, TN 37172
Phone: +1 (615) 451-4840
College/University
Address: 3181 Experiment Station Road, Springfield, TN 37172
Phone: +1 (615) 382-3130
Dentist
Address: 2105 Park Plaza Drive, Springfield, TN 37172
Phone: +1 (615) 384-2608
Government Office
Address: 924 Central Avenue West, Springfield, TN 37172
Phone: +1 (615) 382-1600
Horse Riding Center
Address: 2822 Paradise Lane, Springfield, TN 37172
Phone: +1 (615) 382-5616
Hotel
Address: 2518 Memorial Boulevard, Springfield, TN 37172
Phone: +1 (615) 547-8225
Pharmacy
Address: 1101 Memorial Boulevard, Springfield, TN 37172
-
Real Estate Agent
Address: 511 West Court Square, Springfield, TN 37172
Phone: +1 (615) 384-7355
Rent-a-Car Facility
Address: 2809 Memorial Boulevard, Springfield, TN 37172
Phone: +1 (615) 384-5636
Restaurant
Address: 313 Driveway Avenue, Springfield, TN 37172
Phone: +1 (615) 382-9999
Special Hospital
Address: 409 Northcrest Drive, Springfield, TN 37172
Phone: +1 (615) 382-3078
Specialist
Address: 205 5th Avenue East, Springfield, TN 37172
Phone: +1 (615) 667-1420

How to Get to Springfield

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 Springfield

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 Fast Can I Get a Payday Loan?

Payday loans offer one of the quickest solutions for financial emergencies. Typically, funds can be available in as little as 24 hours after approval, making them ideal for unexpected expenses. However, timelines may vary depending on the lender’s process and your bank’s policies.

Can I Get a Payday Loan with Bad Credit?

Yes, one of the advantages of payday loans is that they are accessible to individuals with bad credit. Lenders often prioritize your income and employment status over credit scores, making it possible for people with less than perfect credit histories to secure a cash advance.

What Are the Requirements to Secure a Payday Loan?

To qualify for a payday loan, you generally need to provide proof of income, a valid bank account, and personal identification. Some lenders may have additional requirements, but the process is typically simple and straightforward, designed for speed and efficiency.

What Can a Payday Loan Be Used For?

Payday loans are versatile and can be used for a variety of short-term financial needs. Whether it's covering emergency expenses, medical bills, or unexpected car repairs, these fast loans provide a safety net when cash flow is tight.

How Much Can I Borrow with a Payday Loan?

The amount you can borrow depends on your income and the lender’s policies. Payday loans are typically smaller scale, short-term loans ranging from a few hundred dollars to a couple of thousand, ensuring you can handle immediate personal financial needs without long-term monetary commitment.

Are Payday Loan Fees Trustworthy?

Reputable lenders will provide a clear outline of all fees and interest rates up front. Transparency is crucial, so ensure you understand all costs associated before agreeing to any loan. Always read the fine print and select a lender known for ethical practices.

How Do I Repay a Payday Loan?

Repayment amounts and terms will be clearly stated in your loan agreement. Typically, lenders automatically deduct the loan amount plus any fees from your bank account on the due date, usually aligned with your payday cycle. Ensure the necessary funds are available to avoid additional charges.

Can I Extend the Due Date of My Payday Loan?

Some lenders may offer extended payment plans or renewal options, but this often incurs additional fees. Extending a payday loan should be a carefully considered decision, as it can end up being quite costly and is not recommended as a long-term financial solution.

What Happens If I Can’t Repay My Payday Loan on Time?

If you’re unable to meet repayment deadlines, it’s essential to contact your lender immediately. Many lenders may offer a grace period or negotiate alternative payment plans. Ignoring the issue can lead to increased fees, interest, and damage to your credit score.

Is a Payday Loan Right for My Situation?

While payday loans are helpful for short-term financial needs, it’s important to assess your situation carefully. Consider alternative options such as borrowing from friends or family, using an installment loan, or seeking assistance from nonprofit credit counseling services.

What Should I Look for in a Payday Loan Lender?

Choose a lender with a solid reputation, positive reviews, and transparent practices. Look for licensing information and check their standing with financial regulatory bodies. A professional and educational approach is a good indicator of a reliable lender.

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