A L L Y O U N E E D T O K N O W

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