How much can I borrow?
The maximum loan amount under Alabama state law is $500. Alabama residents may have multiple payday loans provided that the sum of the loans does not exceed $500. LendingBear uses the Alabama state database to determine borrower eligibility.
What is the term of the loan?
Deferred presentment transactions in Alabama must be between 10 and 31 days in duration.
Can I renew my payday loan?
Each payday loan is due in full on the maturity date. You may obtain another loan once your previous loan is paid in full. If you cannot repay the total amount due on your maturity date, you may pay an additional fee to renew the loan. Upon maturity of the renewal, if you still cannot repay the loan in full, LendingBear may offer you the option of repaying over four equal monthly installments.
How can I report problems with the store to the LendingBear corporate office?
You can call the LendingBear Complaint Hotline 24 hours a day at 1-855-782-2273. Your identity will be kept confidential.
How can I report problems with LendingBear to the state or federal government?
Alabama State Banking Department
401 Adams Avenue
Montgomery, Alabama 36103
Phone: (334) 242-3452
Consumer Financial Protection Bureau