Payday Loans Hollywood, FL – Compare Licensed Lenders (2026)

$$500

Max Loan Amount

Active Lenders

15 min

Approval Time

$153K

Population

Hollywood, Florida, with a population of 153,067, offers a unique blend of diverse industries and a cost of living that's 10% below the national average. Residents here enjoy an average income of $52,000, contributing to a stable local economy. However, unexpected financial challenges can arise, making payday loans an appealing option for quick access to funds. Despite the restricted legal framework in Florida allowing a maximum loan of $500 with an APR of 300-400%, there are currently no active lenders physically based in Hollywood. This creates a reliance on online options for residents seeking short-term financial relief.

About Hollywood

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

Florida Payday Loan Regulations

Max Loan Amount:$500

Max Term:31 days

Typical APR:No limit (typically 300-400%)

Finance Charge:10% of principal or $10, whichever is greater

Regulatory Body:Office of Financial Regulation (OFR)

Payday loans in Florida are legal with restrictions. You can only have one payday loan at a time. 24-hour cooling-off period required between loans.

Important: This information is current as of January 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

Where to Find Payday Loans in Hollywood

In Hollywood, FL, the payday lending landscape is primarily virtual due to the absence of any active storefront lenders. Residents looking for short-term financial assistance must turn to online payday loan providers. These digital platforms offer convenience but require careful consideration of terms and conditions. With Florida allowing payday loans under restricted conditions, borrowers should weigh options thoroughly and ensure they work with reputable online lenders. The ease of applying online is a plus, but consumers need to be vigilant about the terms of their loans.

Compare Lenders in Hollywood

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Hollywood

Calculation

Loan Amount: $$500

Term: $14 days

APR: $300%

Fee: $$50

Total Repayment: $$550

Effective APR: $260.7%

⚠️ Important Notes

✓ For Hollywood residents earning $$52,000, this payment is about 1.5% of monthly income
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Hollywood

✅ Advantages

✓ Process 100% online
✓ Decision in 15 min
✓ Available for Hollywood residents
✓ No collateral required
✓ Early repayment allowed

❌ Disadvantages

✗ Higher APR than banks
✗ No local storefronts available
✗ Credit check required

💡 Expert Recommendation for Hollywood Residents

Loan expert Rostislav Sikora suggests that Hollywood residents can benefit from short-term payday loans given the area's lower cost of living. These loans can effectively address immediate financial needs. However, it's crucial to meticulously compare APR rates and ensure that the repayment does not exceed 35% of your monthly income. This financial discipline prevents potential debt cycles.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Hollywood, FL

How do I get a payday loan in Hollywood, FL?

You can apply for payday loans online as there are no storefront lenders in Hollywood.

What's the max I can borrow in Hollywood?

In Hollywood, FL, the maximum you can borrow with a payday loan is $500.

Can I get approved with bad credit in Hollywood?

Yes, payday lenders often approve loans for those with bad credit in Hollywood.

Are there storefronts in Hollywood or is it online only?

Currently, payday loans are only available online for Hollywood residents.

How fast can I get money in Hollywood?

Online payday loans can be approved and funds disbursed within one business day.

What is the APR for payday loans in Hollywood, FL?

The APR for payday loans in Hollywood ranges from 300% to 400%.

Is there a credit check for payday loans in Hollywood?

Yes, most payday lenders conduct a credit check, even if you apply online in Hollywood.

What should I consider before taking a payday loan in Hollywood?

Evaluate your repayment capacity and compare APR rates before committing to a loan in Hollywood.

Ready to Compare Lenders in Hollywood?

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Hollywood, FL and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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