The online payday loan request and procedure is fast and straightforward, with the entire process taking about five minutes. You can get directly approved by a lender for the amount of $100 up to $500 that can help you out of a temporary financial bind.
Short-term payday loans are designed to be used in an emergency situation and is typically repaid within a few weeks and is not intended for a long term solution for any financial problems that you may be having.
Alabama cash advance loans can help a you get out of a tight space. They can get the cash they need even if their credit history is less than perfect. As long as a person is working and has an active bank account, they could be lender approved in no time at all. This loan can help a person get out of a tight spot until they can get their next paycheck.
If you need a fast cash loan in Alabama, then Real Cash Advances can help you. Once a lender has approved you for a loan, your funds will be deposited into your account in no time at all.
Alabama Cash Advances
We know that there are times when a person's paycheck is just not enough. Things happen that are unexpected such as home or car repairs, medical expenses, and other emergencies that are going to cost a lot of money. When a person finds themselves in need of fast cash, they usually take out an advance payday loan.
A person does not have to pay the loan back until their next paycheck. At this time, they can pay back the loan or make a payment plan. All of the loans follow the laws and regulations for lenders in the state of Alabama. Residents must have a valid checking account, be at least 18 years old, and be a legal resident of the United States to qualify for this loan.
Alabama Payday Loan Information
The payday loan laws in Alabama defines a cash advance is a deferred presentment transaction. The lending company will accept a personal check from a person in return will give the borrower the payday cash advance loan.
There is a $500 limit on the maximum amount one can borrow within the state. A lender is not allowed to charge more than 17.5% interest on this type of finance. A borrower is allowed to extend the loan only wants. The company cannot provide a new advance until the following business day after the loan has been repaid. If a person cannot reimburse (pay back) the cash loan in full after an extension has been given, the company can offer a plan of four equal amounts over a four-month period.
Consumers are allowed to have only one cash advance loan at a time. The Alabama payday loan provider will run your request through a database to check to see if an applicant already has a credit open elsewhere.
The minimum length of time to repay the loan is ten days in the maximum duration of the loan term is 31 days. The finance charge in fees cannot exceed 17.5 %; there will be a 3% per month fee if there is a failure on the loan. For example, if the borrower receives $100 they will be charged $17.50 for that hundred dollars.