It’s never a good feeling needing quick cash with no one to turn to. Sometimes it’s a small issue, but it could become bigger without the help of a storefront payday loan. Finding money quickly might seem overwhelming if you’ve never done it before.
If you live in Alabama, and in need of some quick cash, it’s always best to find a licensed lender in Alabama for an online or storefront payday loan. This helps ensure that the lender follows state guidelines for interest and fees, as well as the regulations mandated by the state.
The maximum payday loan amount you can apply for is $500. The actual amount that will be approved will depend upon several factors, but regular reoccurring income is the most important.
If you have never had a payday loan before, it is important to understand how it works before you decide to borrow. The repayment term in AL can range from 10-31 days depending upon your income deposits. It also requires that the loan is paid in full on your due date.
If you can’t pay it back, you can ask for an extended payment plan which will allow you some additional time to repay. This solution can be offered one time per calendar year in AL.
No other fees may be charged for these transactions unless you have an NSF return or your check bounces. Then, the lender can charge you with a one-time NSF fee of up to $30.00.
A lender does have the option of taking you to court to get their payment if it remains unpaid for longer than 90 days. Then, you may be assessed court costs and up to 15 percent of the face amount of the check as attorney’s fees.
With Lending Bear, you can go online and use the simple application on their website. Just fill out the personal information required and submit a copy of your bank statement. With their fast-app process, you should have an answer within minutes.
You can also apply directly at one of our 3 store locations in AL if it’s convenient. Just make sure you have a current government-issued ID, blank check or bank card, and proof of some type of income.
You don’t have to be employed, but you will be required to prove that you can pay back the loan. Any type of regular income is fine, just bring proof of the latest installment to present when applying.
If you are approved for an online loan, your money will be deposited directly into your bank account. With our fast-app process, you can do it all from anywhere or any device. Just follow this link for Lending Bear and submit your information to get the process started.
An application submitted in one of our storefronts would put the cash directly into your hands if approved. If you need it fast, come see one of our experienced and friendly associates in Dothan, Ozark or Enterprise today.
Lending Bear is a state-licensed provider of Alabama payday loans, which are known as deferred presentment loans in Alabama. Because we are licensed by the state, you can be certain that our practices are ethical, fair, and responsible.
Be sure you understand what you are getting into before you accept the terms and conditions of any loan. Short-term loans used over a long period of time can become expensive. But, for most people, they simply need a little boost until payday.
Lending Bear uses the Alabama state database to determine eligibility for payday loans and installment loans. As a consumer protection, it will restrict a borrower from having too many loans within the state. Contact Lending Bear today for an online or storefront payday loan in Alabama.