Jacksonville, FL Payday Loan Alternative

With a population of 913,000, Jacksonville stands as Florida’s largest city. Many companies across a wide range of industries call Jacksonville home, leading to a solid job market with an average salary of $46,866 as of Q2 2017. Residents have all kinds of activities to enjoy, including trips to Amelia Island, summer days at Jacksonville Beach and catching a Jaguars game during football season, but many of the attractions are expensive, making it no surprise that the average Jacksonville resident carries almost $6,200 in credit card debt.

Payday Loans in Jacksonville

Credit card debt can take years to pay off, and that leaves many Jacksonville residents looking for a faster solution. They often turn to payday loans as a way to borrow money immediately and pay off bills. Those may be credit card payments, past-due bills for service companies or sudden financial emergencies. Unfortunately, getting a payday loan for help with financial problems typically just makes those problems worse. Since the usual payday loan term is 14 days, it’s a very short-term solution, and on the due date the borrower will be stuck with the full amount of the loan plus interest and fees. Payday lenders almost always let borrowers extend their loans, but this can lead to those borrowers getting stuck in cycles of debt.

An Alternative Lending Option

Payday loans may be one of the most common loan options in Jacksonville, but they aren’t the only option. For loans that borrowers can pay back over time in installment payments, there are installment loans through MaxLend.

Obtaining an installment loan can be a quick and easy lending option, but the key advantage to installment loans is the amount of time the borrower has to repay the loan. MaxLend sets up longer terms than borrowers would find through a payday lender, and the installments schedule is for equal amounts without a much larger balloon payment at the end.

Installment Loan Eligibility

MaxLend requires that the borrower has their own personal checking account that has been open long enough to meet duration requirements. The borrower must have verifiable employment with pay that gets direct deposited into that bank account, and there are minimum income requirements.

Additionally, the borrower needs to be at least 18 years old and not part of a bankruptcy case or planning to file for bankruptcy. MaxLend does not extend loans to US military members, their spouses or dependents. Additional requirements and limitations may apply.

MaxLend determines the amount of the loan based on the borrower’s income, and the maximum amount it will lend is $3,750. The loan application is available online and can be finished in a couple minutes. After the borrower submits the application, there is a phone verification. The borrower can wait for a call from a MaxLend customer service representative or call in themselves.

The funding process goes quickly and the loan gets deposited into the borrower’s bank account. This can happen as soon as the next business day, which means if the borrower has a bill from JEA due soon, an installment loan could be a viable solution.

A Convenient Financial Solution

Payday loans can leave borrowers extending their loans over and over again. An installment loan from MaxLend puts the borrower in full control. Jacksonville residents who are short on cash can apply today!


The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.