Local briefing · FL
Payday loans in Worthington Springs, FL
Before borrowing in Worthington Springs, check two things: whether payday lending is allowed in Florida, and what the state fee cap permits. Here, payday lending is permitted for licensed lenders in Florida, inside the state fee cap. The sourced table below shows the exact cap, and the sections after it cover the real cost and the alternatives.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
Payday lending in Florida
Permitted under license
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Payday loan rules that apply in Worthington Springs
Every figure below is published by the state or the regulator that sets it, with a link to the primary source. These rules apply to any lender serving Worthington Springs — Florida's fee cap is not adjusted city by city.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 18% per annum simple interest (loans/advances of $500,000 or less; loans above $500,000 are exempt from this cap)Source quoteSource says: "it shall be usury and unlawful ... to ... charge ... a rate of interest greater than the equivalent of 18 percent per annum simple interest". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| Payday lending status | Permitted under license (deferred presentment providers; money services business license under chapter 560)Source quoteSource says: "Businesses intending to engage in deferred presentment transactions must be licensed as a money services business under chapter 560, Florida Statutes". | Florida Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance loan license required (chapter 516)Source quoteSource says: "A person must not engage in the business of making consumer finance loans ... unless ... the person first obtains a license from the office". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| State lending regulator | Florida Office of Financial Regulation (OFR)Source quoteSource says: "The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida's financial services industry". | Florida Office of Financial Regulation as of 2026-09-16 |
| Deferred presentment fee cap | 10% of the amount provided (transactions not repayable in installments)Source quoteSource says: "A deferred presentment provider or its affiliate may not charge fees that exceed 10 percent of the currency or payment instrument provided". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
What a payday loan costs in Worthington Springs
What you may be charged in Worthington Springs is capped by Florida's law, not by the lender's discretion — the maximum fee and the maximum advance are both in the sourced table above. Two things are worth checking before you borrow: that the lender is licensed in Florida, and that the APR on the disclosure matches what you were quoted. Our Florida lending reference lists the regulator you can verify a license with.
Cheaper alternatives in Worthington Springs
If you are already juggling payday loans, a nonprofit credit counselor can help you restructure the debt and deal with collectors. Nonprofit counseling is low-cost or free, and it is a better first call than taking a new loan to cover an old one. Getting out of payday debt.
About Worthington Springs
- Population: 389 (US Census Bureau, Vintage 2023 subcounty estimate).
- Size in Florida: the 382nd-largest of 411 Census places in the state.
- Population trend: Its population grew about 3.2% between the 2020 Census base and the 2023 estimate.
- Nearest larger cities: Lake Butler, FL (7 mi); Alachua, FL (12 mi); High Springs, FL (14 mi). Bigger markets often have more lenders, but a lender licensed in Florida serves Worthington Springs under the same state rules.
Before you borrow in Worthington Springs
- Confirm payday lending is permitted in Florida and check the maximum fee in the table above.
- Compare the APR, not the dollar fee — that is the only way to compare a two-week loan with a two-year one.
- Run the numbers with our loan payment calculator to price the same amount as an installment loan.
- Verify the lender is licensed in Florida with the regulator listed above.
- Never give a lender remote access to your bank account beyond the amount you actually owe, and ask for any repayment plan in writing.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
Frequently asked questions
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Nearby places
All Florida citiesNearest Census places by distance.