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Payday loans in Florida

Payday loans for bad credit in Florida

Payday loans are allowed in Florida from state-licensed lenders (Deferred Presentment Provider license). Here are the limits Florida law sets, what a typical loan can cost, and where to get free help if you need it.

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Last updated .

Part of the Florida guide

What Florida law allows

Payday loans in Florida
ProductStatusAPR capAmountTermLicenseLaw
Payday loans[1][2][3] AllowedHigh-cost loan Fee cap Up to $500 7 days to 31 days Deferred Presentment Provider license Fla. Stat. ss. 560.402-560.408
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.
The rules in full

Payday loans

Rate cap
No stated APR cap; fees are capped instead. A deferred presentment provider may charge a fee not exceeding 10% of the currency/payment instrument provided, plus a verification fee authorized under s. 560.309(8). The 10% fee may not be applied to the verification fee. No other fees are permitted.
Fees
Single-payment: fee capped at 10% of the amount advanced plus a verification fee of up to $5 (s. 560.309(8)). Installment deferred presentment (up to $1,000, 60-90 days): fee capped at 8% of the outstanding balance on a biweekly basis.
License
Deferred Presentment Provider license (Florida OFR, Money Services Businesses, ch. 560 part IV F.S.).

Full detail for every loan type: Florida lending laws.

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Rent and jobs in Florida

Typical rent and the jobless rate, to weigh before a loan payment.

Rent and unemployment in Florida
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[4]$1,973FY2026
Unemployment rate[5]4.5%2026-08

Other options in Florida

Cheaper options to try first

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
  • Nonprofit credit counseling through the National Foundation for Credit Counseling.
  • A payment plan from the company you owe, if you ask before you miss a payment.
  • 211 for help with rent, utilities and food: call 211 or visit 211.org.

More cheaper options in Florida.

Other loan types allowed in Florida

See every loan type Florida law allows.

Payday loans in nearby states

Sources

  1. Justia. law.justia.com/codes/florida/2016/title-xxxiii/chapter-560/part-iv/section-560.404. Retrieved September 23, 2026.
  2. flofr.gov. Florida Office of Financial Regulation (OFR). Retrieved September 23, 2026.
  3. flsenate.gov. Fla. Stat. ss. 560.402-560.408. Retrieved September 23, 2026.
  4. National Low Income Housing Coalition. Out of Reach 2026: Florida. Retrieved September 23, 2026.
  5. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

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Important disclosures

APRs vary by lender and state in Florida. Each lender sets its own rates and terms and must show you the APR before you sign.

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  • Questions about a lender licensed in Florida? Contact the Florida Office of Financial Regulation (OFR) or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.