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Alabama is a state in the southeastern region of the United States. It is a state that exudes Southern charm and has a rich history of music and literature. About 18.4% of Alabama residents live in poverty, and unemployment rate in the state (as of March 2018) was 3.5%. People in Alabama experiencing these challenges might look to payday or title loans to help them out, but we urge them to consider other options.
Payday loans are short term, fee based loans that can provide up to $500 to those approved for such a loan. Loan proceeds may be used for any purpose, but it is highly recommended that these emergency loans online are used for emergency needs only.
If you are in sudden need of some additional cash, you can count on our quick and easy online payday loan service in Alabama. We have a trusted online payday loan referral service to help you connect with our wide network of online payday lenders.
Our online payday loan request process is comfortable, secure, and straightforward. You just need to complete the online loan request form with all your required details. Within a few minutes, you will be informed about your loan approval status. Once approved, you will receive funds into your account as soon as the next business day.
We can help you solve your unexpected financial problems like sudden bill payments, unexpected medical emergencies, and more through our online payday loans. Our payday lenders are trusted, licensed, and strictly follow the regulations set by the industry standards organization.
We protect all your personal details with our SSL secured loan request form and make sure to keep all your transactions confidential. Our no-credit-check payday loans and bad credit payday loans are helpful for those who can’t apply for traditional loans due to their bad credit. We also offer flexible loan repayment options to our customers.
Payday lending is legal in the state of Alabama; lenders may provide a loan as high as $500 per Ala. Code A§A§ 5-18A-1 et seq. Payday loans in Alabama are granted for a period of 10 to 31 days only. The maximum fee for cash advances in Alabama is $17.50 or each $100 a person borrows. Rollover on a single loan is permitted.
According to the government's Consumer Financial Protection Bureau (CFPB), to qualify for a loan, most payday lenders only require that borrowers:
No. Alabama limits the number of payday loans a consumer may have opened. Payday lenders in Alabama must check every new application in a local database that tracks payday loans in the state, A person may only have one (1) loan of up to $500 with any payday lender.
Payday Loans in Alabama are small loans subject to state regulations. Traditionally states have capped small loan annual interest rates. Installment loans have different regulations.
Payday loans are considered legal in the state of Alabama.
Alabama imposes a $500 limit on payday loans offered in the state. Payday loans can be taken for a period of 10-31 days with the maximum finance charge of 17.50% for every $100. One rollover is allowed and a cooling-off period of 1 business day after a second consecutive loan should pass before a person can apply for a new loan.
Regulations apply to both online and storefront loan providers. To operate in the state, lenders must comply with the following regulations:
Alabama state law allows payday lending in an amount not exceeding $500.
Finance charges and fees should not exceed 17.50% for every $100 of the amount advanced or $17.50 per $100 borrowed.
Example:
With a 14 day term:
Loan fee: $17.50
Payback amount:$117.50
If you have bad credit, don’t presume this excludes you from being accepted! You can still find a payday loan in Alabama, even if you have been turned down by a bank for bad credit. A past financial mistake may have destroyed your credit scores, but we believe you should have a chance to rebuild your financial strength.
FaaastCash accepts people with all credit histories. Get started today to get a stress free payday loan.
FaaastCash helps you find Alabama payday loans with all the best features:
Payday loans are not right for you if you plan to access extra cash for shopping, partying, or frivolous spending.
https://en.wikipedia.org/wiki/Alabama
The official website of the state of Alabama
You can borrow payday loans in Alabama ranging from $100 to $500.
No, there are no fees for submitting a payday loan request form with FaaastCash.
Yes, FaaastCash accepts people with a range of different credit histories, including those with bad credit.
FaaastCash is neither. We are a referral service that connects borrowers with 100+ direct lenders licensed in Alabama. Our service is no charge to you, and you work directly with a lender if you qualify for a loan. All loan transactions are completed directly with a lender, So we have no access to your loan transaction information.
If approved, you could have the funds in your account in one business day.
The terms of your loan will depend on what you agree when accepting a loan offer. Small loans are usually spread over a period of 2-4 weeks. More significant amounts sometimes need to be repaid over a longer-term. If, for any reason, you can’t repay your loan on time, it is possible for additional fees to be added.
Once you click on ‘Get Started’, the online payday form will appear. You’ll have to answer some simple questions about yourself. These may include information about your employment and your income, as well as other necessary information. After you submit your request, you will get an answer in 90 seconds or less. If approved, you will be connected directly to your lender, who will review your loan terms and conditions.
If you agree with your loan terms, you typically get your loan in your bank account in 1 business day. Ask your lender any questions and verify with them when to expect your loan in your account.
At FaaastCash, we ensure fast loan processing to help you in your financial emergencies. Apply for our online payday loan in Alabama and overcome your financial emergencies.
