Tennessee

Payday Loans in Tennessee

At a Glance
Tennessee
  • Nickname: The Volunteer State
  • Population: 6.77 million
  • Capital: Nashville
  • Website: www.tn.gov

The poverty rate in Tennessee during 2018 was 15%. With its current (as of February 2020) unemployment rate of 3.4% and its median household income of $52,375, there are many people living in this state who are having troubles with their finances.

Average Credit Card Debt and Median Household Income in Tennessee vs. the U.S.
Tennessee
US
Average Credit Card Debt (Q2 2019)
Median Household Income (2018)

Payday Loans in Tennessee

Payday loans are typically required to be paid back within just 2 to 4 weeks, making it difficult for borrowers to return the funds on time. As a result, many payday loan borrowers find themselves needing to take out additional loans just to pay back their original payday loan.

 

Consumer Protection in Tennessee

How to Report a Lender in Tennessee

To file a complaint against a Tennessee lender, borrowers can contact the Tennessee Department of Financial Institutions to file a complaint.

Borrowers can:

Tennessee Department of Financial Institutions Information

Guides to Payday Loans in Tennessee Cities

Check out these payday loan guides for the following cities in Tennessee…

Chattanooga | Clarksville | Knoxville | Memphis | Murfreesboro | Nashville | Smyrna