Alabama like many other states is experiencing the same financial situations as everyone these days.
Alabama Payday loan laws are at the rate of 15.5 percent, and the average loan is 10 to 31 days.
What is interesting is this state offers you the option of paying it all off at once after one roll over, or they can set you up with 4 equal payments over 4 months on any outstanding balance after the one time roll over.
Remember, the interest rates do not drop, and it can be quite costly by the time the loan is finally paid off, and any insufficient funds when checks are presented will be subject to additional fees.
We can help you with these Payday Loans.
It is so easy to get trapped in a Payday loan.
You miss the first payment and let it roll over and you get hit by high-interest rates. If your check did not clear the bank you will be charged additional fees by both the bank and the lender.
This leads to more fees for any other checks that might not clear due to the additional fees, and the vicious cycle starts.
If you are trapped and are looking for help with your Payday Loan Debt, please visit our Payday Loan Repayment Plan page for more information.