Florida State Loans Info Board

The website Florida State Loans Info Board provides comprehensive information about payday loans in Florida, helping residents understand the legal framework, terms, and alternative financial options. Payday loans, also known as short-term cash advances, are legal in Florida and regulated by state laws. Borrowers can access loans up to $500 for single-payment loans and up to $1,000 for installment loans. The repayment period ranges from 7 to 31 days for single-payment loans and up to 60 days for installment options. The website offers insights into the high annual percentage rates (APRs), which can reach up to 391%, along with borrower protections, eligibility criteria, and responsible borrowing practices. Additionally, Florida State Loans Info Board provides alternatives to payday loans, including financial counseling and lower-interest loan options. It serves as an educational resource, helping Floridians make informed financial decisions and avoid debt traps associated with high-interest lending.

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