Payday loans for Birmingham, AL, are available to help you out of any financial bind. Whether your AC stops pumping out cold air in the middle of an Alabama heat wave, you get a flat tire traveling down I-20 or Charter Communications is calling for payment on your past due cable bill, you can apply online today.

Payday Loan fees compared to other fees
Short Term Personal Loan$15 fee
Bounced Check$32 fee
Late Credit Card Payment$37 fee
Late Utility Bill$46 fee

*Based on $100 loan or $100 balance on existing accounts. This shows average fees – your rate may differ.

Our simple loan application is quick to complete and funding is approved immediately when qualifying criteria is met. With a payday loan, you’ll never have to stress again about covering emergency expenses, stretching your grocery shopping dollars or getting your electricity turned off. This short-term loan can help you bridge the gap between paychecks, easing the pain of a low checking account balance.

Loans for Bad Credit

Bankruptcy, a low credit score or accounts in collections lower your chances of getting approved for a traditional bank loan. Consistently hearing that you are being denied loans for bad credit history is discouraging. At our store for payday loans in Birmingham, AL, you’ll find an encouraging atmosphere, a dedication to industry best practices and employees who care about helping you solve your current financial dilemma.

Even if your bank has rejected your application for a conventional loan, our store offers several convenient options for customers with bad credit. A payday cash advance is the best solution for immediate, unexpected financial emergencies that cannot be put off until your next pay date. Installment, short term and personal loans allow you to borrow a larger sum of money for a longer term. You simply set up a specific payment amount for a certain length of time that will be due when you get paid.

Applying for any of these unsecured credit lines is an easy process through our secure application, which takes just a few minutes out of your day. Gone are the days when you spent hours sitting with a bank’s loan officer as they scrutinize your financial records. At our Birmingham store, you will receive an instant decision letting you know whether you qualify for the type of advance and the amount you have requested. The money is released much sooner than a traditional loan so that you can take care of your personal business with as little hassle as possible.

About Birmingham, Alabama

Our friendly Alabama hospitality shines through as we provide you with a fast and easy solution to any financial obstacles in your way. We can help you avoid your past due medical bill with Queen Elizabeth Hospital getting sent to a collection agency or keep Birmingham Water Works from shutting off your water meter, which comes with a hefty fee for turning it back on. Apply now! Just fill out our simple online application to get an instant decision today.

Terminology

APR: The equivalent annualized percentage rate for payday loans and other short-term installment loans ranges from 547.5% to 999.45%, based on the amount and the length of the loan.  Larger loans with longer payback periods have lower interest rates.  While this sounds large, one must consider that these loans are only meant to be for a very small time-frame, usually 2 weeks.  Annualizing other fees in the same manner results in APR of 2336% for a returned check fee of $32 against a $100 check, a 965% fee against a $37 credit card late fee or over the limit fee, or a 1203% APR for a typical $46 reconnect fee by a utility company.

Financial Implications: Short term payday loans are meant to be just that: Short term.  Typical fees range from $15 to $40 for every $100 borrowed up to $500.00.  Fees per $100 begin dropping on loans larger than $500.00.  Fees are typically less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.

Collection Practices: If a loan becomes delinquent, attempts at collections are first conducted internally, primarily through telephone, an attempt to work out a pay-off arrangement that takes into strong consideration the financial condition of the borrower.  If, after all attempts at internal collections have failed, the lending agency may send the loan to a third party collection agency in an attempt to recover the funds lent in good faith.

Credit Score Impacts: Short term, payday loan lenders may rely on your credit report and are not limited to any of the three (3) major rating agencies – Equifax, Experian, or Transunion. Generally, the borrower doesn’t have to bear concern that their score may be affected by having the loan request determined by results from these agencies, however, such determination is solely in the discretion of the payday loan lender(s), which may result in the lender(s) submitting, among other things, the borrower’s request for the loan, or the subsequent payment(s) under the loan to any of these agencies. Short term lenders may also rely on their own scoring criteria, which is generally based on income and ability to repay, as well as the borrower’s payment history of any previous payday loans that have been made with the lender in question, or with other payday lenders.