Frequently Asked Questions

Florida law caps payday loans (deferred presentment) at $500 per loan, with terms of 7 to 31 days and a finance charge of up to 10% of the amount advanced plus a $5 verification fee. If you need more, tribal and allotment installment loans offer $300 – $2,000 and repayments spread over months. For a deeper overview of rates and rules, see this guide to Payday loans Florida.

Yes — all three products on this site are accessible with imperfect credit. Payday lenders verify income and the state database instead of pulling traditional credit; tribal and allotment lenders weigh your income and, for allotment loans, your federal employment.

The application takes about five minutes and decisions are fast. Once approved, funds are typically deposited directly into your checking account as soon as the next business day.

A payday loan is a single $500-or-less payment due on your next payday, capped by Florida law. A tribal loan is an online installment loan from a tribally owned lender, paid monthly over 3 – 24 months. An allotment loan is for federal employees, military, and retirees, repaid automatically through payroll deduction. Each fits a different need — the pages above break down all three.

Yes. Payday lending is legal and regulated in Florida under Chapter 560 of the Florida Statutes, which caps the loan at $500, limits fees, allows one loan at a time, and guarantees a 60-day repayment plan option.

Before your due date you can request a 60-day repayment plan — an installment schedule instead of one lump sum. It's available once every 12 months and is a right guaranteed by Florida law, not a lender's favor.

Yes. Florida-licensed lenders offer payday loans online statewide: you apply through a website, receive a decision in minutes, and get funds by direct deposit — usually the next business day. Online payday loans follow exactly the same Chapter 560 rules as storefront loans: $500 cap, fees limited to 10% plus a $5 verification fee, one loan at a time.

Florida law caps deferred presentment transactions at $500 per loan. Participating lenders may offer you less depending on your income, but no licensed Florida payday lender can advance more than $500.

The finance charge is capped at 10% of the amount advanced, plus a verification fee of up to $5. For example, a $300 loan for 14 days costs about $35 in fees — an APR equivalent of roughly 304%. That is expensive credit: use it for genuine short-term needs, not recurring gaps.

A tribal lender is a lending company owned by, or operating on behalf of, a federally recognized Native American tribe. It lends from tribal land under the tribe's regulatory authority and applicable federal law. Many tribes run online installment-loan programs that serve customers in Florida and other states.

Yes, Florida residents can apply online with tribal lending companies, and offers are available to applicants who meet the lender's requirements. Each tribal lender sets its own terms — review the loan agreement, APR, and total cost before you accept.

Typical offers run from $300 – $2,000 depending on the lender and your income. Installment structure means larger amounts are practical, since repayment is spread across months.

Federal civilian employees, active-duty service members, U.S. Postal Service workers, and federal retirees whose pension is paid through OPM — in short, anyone whose pay runs through a federal system that supports voluntary allotments. You'll also need an active checking account and verifiable income.

Through the payroll system itself. Once you accept an offer, the lender helps you set up a voluntary allotment: a fixed amount is deducted from each paycheck and forwarded to the lender automatically until the loan is paid off.

There's no fixed cutoff. Because repayment is deducted at the source, participating lenders weigh your employment and income more heavily than your credit score, and many use soft or alternative checks that don't affect your score.