ALL YOU NEED TO KNOW

ALABAMA ONLINE PAYDAY LOANS

FIRST AND FOREMOST

• Payday loans in Alabama are LEGAL

• The same goes to online payday loans

• There are some restrictions, which will be covered in this informational seminar

ALABAMA PAYDAY LOANS

• There are many different reasons Alabamans will want to look into online payday loans

• Summer vacations• Unexpected expenses• Emergency situations

ONLINE PAYDAY LOANS

• During these tough times, people are looking for ways to supplement their income

• Online payday loans are a way to supplement

• Do not abuse the payday loans, as they will come back and bite you

ALABAMA SPECIFIC REGULATIONS

• While there are always laws and regulations with online payday loans, those in Alabama are a bit more strict

• $500 limit of loans• Client then has thirty one days to repay• This is to their advantage – no one wants to have an online

payday loan to worry about for more than one month

ALABAMA SPECIFIC REGULATIONS

• If you do not pay back within the given amount of time, a 3% penalty will be added to the already high interest rate

• It will behoove you to pay back your loans in a prompt and timely manner

BE CAREFUL WITH THEM

• One bit of advice is to be careful with online payday loans

• Many sites will try to scam you out of your money

• Make sure you are dealing with a trusted website and know the state-specific laws

STAY TUNED FOR MORE

• While this segment covered Alabama, stay tuned for more segments with information on different states and their laws and regulations regarding online payday loans

• Visit http://onlinepaydayloanspot.com for more information