Alabama Payday Loans

In the state of Alabama payday loans are legal. You are generally offered loans from lenders which are companies. These companies market their loans as quick and easy way to get cash until the next payday. In the state of Alabama the maximum amount of loan that you can take is $500. This may be done via the number of outstanding loans or just a single payday loan. If you are dealing with a reputable Alabama payday loans company they should be offering you an advance up to $500.

The law also keeps a cap of 17.5% on the rate of interest or the fees these lenders can charge from you. This fee has to be charged on the principal amount of loan. The lender can provide you the loan for a minimum of 10 days and a maximum 31 days. This means if you take a loan of $100 for a period of 14 days, the finance charge will be calculated at the rate of 17.5%. The APR on this loan would than is 456.25%. In the case of a default the maximum monthly finance rate that the Alabama payday loans law specifies and these companies can charge from you would be 3%. In addition to this, payday loan stores may charge you a $30 non-sufficient funds collection fee if your check was returned because of insufficient funds or because of a closed bank account.

Alabama Payday Loans: Laws & Regulations

The state of Alabama allows you only one rollover or extension. Rolling over Alabama payday loans would mean you will have to pay the fees again without paying the principal amount. You can apply for a fresh payday loan after paying off 2 back-to-back loans. You just have to wait for the next business day for this.

alabama payday loans

The Alabama payday loans law relating seems to be borrower friendly because you can not be dragged into litigation unless your check is returned due to a closed bank account.

Cash Connection

This Alabama payday loans provider offers a wide variety of financial products and services ranging from Alabama payday loans to check cashing services, bill payment, and money orders and money transfers and provide for insurance facilities too. They claim to provide very small loan amount from $50 to $500. They claim to cash any type of check without asking for the proof of identity. They claim to provide no fees payday advance for their returning customers every 10th transaction. You can make use of their services by visiting their local branch at Montgomery in Alabama. Give them a call at (334) 834-3114 or visit their web site at

Cash Choice

This Alabama payday loans company offers a wide variety of loan services from title loans to auto loans and then payday loans or cash advances. To get a loan from them you can apply both online and in store. All you have to do is furnish them with some basic information about you such as your age proof, you must be currently employed, an open checking account for you etc. All these requirements can be a ground for denial of the payday loan. You can apply personally by visiting their branch office at Montgomery. Give them a call at 334-288-8865 or visit their website at

Approved Cash Advance

This Alabama payday loans lender offers payday loans and a wide variety of other services such as title or installment loans tax preparation and tax refund anticipation loans. They claim to offer better services since 2004. All you have to do is furnish them with your valid photo id and residential proofs. The id must be both state and federal government approved. Also submit with them a personal check. They will hold this check till you next pay day. Just visit a store near your location. Give them a call at 334-396-3733 or visit their website at

If you’ve had a good or a bad experience with a specific Alabama payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about Alabama payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day. You can also feel free to sound off on the cash advance industry itself, and say whether you feel payday loans are inherently good or evil. This will help provide a well-balanced discussion on Alabama payday loans.

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