LNashville Payday Loans
A Guide to Getting The Help (And The Loan) You Need


Music City can be a beautiful place to live and raise a family. World famous music venues, local cuisine, and unique neighborhoods make Nashville a popular location for tourists to visit year-round. Even the cost of living in Nashville is about 12.4% less than the national average(1), meaning life’s necessities like housing, groceries, and utilities are more affordable to residents. However, despite the City’s sunny outlook, countless Nashvillians still experience financial hardship. Homelessness, drug and alcohol addiction, even a temporary loss of income — these things can take a serious toll on you and your family’s health and financial situation. Whatever your personal situation may be, there are resources available that can provide assistance in your time of need.

Borrowing Money in Nashville

It doesn’t matter if your car needed a repair or if your paycheck was short, all you know is that you need some emergency funds as soon as possible. You want the process to be quick, reliable, and not end up costing an arm and a leg by the time the whole process is over. If this sounds like you, do your research prior to making a decision. Where your money comes from is important, because depending on interest rates and specific allowances, you could end up losing a lot more than you gain.

Payday Loans in Nashville
Quick, easy and counter-productive.

Odds are you’ve seen payday loan shops before — they’re all over Nashville and every city in America. These places sometimes have television commercials with catchy (see: annoying) jingles, they boast ease and affordability, but what are they really?

Hypothetical situation: your check this week is less than you thought it would be and you are exactly $100 short on your rent payment. You’ve had issues with late rent in the past, so you know that speaking to your landlord this time around is not an option. You’ve heard of payday loans before, so you figure, why not try it? Again, you need to make rent. For a fourteen day loan of $100 in Tennessee, the APR is 459%.(4) Woah. With that kind of interest coming out of your next check automatically, will you be able to make next month’s rent? You might need to take another loan! Payday lenders target people already living on low-incomes. If you have a complaint or questions about a payday loan or a lender, please consider contacting the Tennessee Department of Financial Institutions.

Personal Installment Loans in Nashville

Consider a personal installment loan with OppLoans. We provide fast, flexible, and fair loans to those facing financial hardship in Clarksville, while improving credit scores at the same time. OppLoans offers fast, flexible, fair and five-star service:

  • Fast: Apply online and find out if you’re approved in minutes. Once approved you can get your cash as early as the next business day.
  • Flexible: We offer longer terms, larger loans, and affordable, fixed payments. Your monthly payment will be the same throughout the life of the loan.
  • Five-Star: Customers rate us 4.9 out of 5 stars for our friendly service. We also provide discounts for credit education.

OppLoans offers personal installment loans from $1,000 to $10,000 and the flexibility of paying them back over 6 to 36 months. We’ll work with you to provide affordable payment options that fit into your monthly budget. We will never charge prepayment, origination or application fees. In addition, our interest rates are usually 70-125% less than other personal loans.

For questions about OppLoans rates, terms, and eligibility contact the OppLoans team by phone at (800) 990-9130, Monday — Friday 7am to 7pm or Saturday 9am to 4pm central time. Or email us at apply@opploans.com.

References:

  1. “Statistics and Demographics”. Nashville Music City. https://www.visitmusiccity.com/visitors/presskit/kitstatisticsdemographics. Accessed March 12, 2016.
  2. “Substance Use and Mental Disorders in the Nashville-Davidson-Murfreesboro-Franklin MSA”. The National Survey on Drug Use and Health Report. https://www.samhsa.gov/data/sites/default/files/NSDUHMetroBriefReports/
    NSDUHMetroBriefReports/NSDUH-Metro-Nashville.pdf
    . Accessed March 12, 2016.
  3. “Homeless Counts”. Nashville.gov. https://www.nashville.gov/Social-Services/Homelessness-Commission/About-Homelessness/Homeless-Counts.aspx. Accessed March 12, 2016.
  4. “CFA Summary of FTC Actions Related to Online Payday Loans”. Payday Loan Consumer Information. https://www.paydayloaninfo.org/state-information/50. Accessed March 10, 2016.
  5. “Car Title Loan Regulation”. Consumer Federation of America. https://www.consumerfed.org/pdfs/Resources.CTL.StateLawTermChart12.2.12.pdf. Accessed March 10, 2016.
  6. “Tenessee Code 45-6-210 Rate of Interest Other Charges Permitted.” Justia US Law. https://law.justia.com/codes/tennessee/2010/title-45/chapter-6/part-2/45-6-210. Accessed March 10, 2016.

*OppLoans is not affiliated with any of the programs, services, or organizations referenced on this page.