Alabama Personal Loan for Bad Credit Laws and Regulations in (AL)

(last updated 11/25/2017)
The Alabama Small Loan Act:

Section 5-18-15: Interest rates, charges, and fees.

Maximum rates of interest and charge. Every licensee under this chapter may contract for and receive as interest on any loan of money less than one thousand dollars ($1,000) an amount at a rate not exceeding three percent a month on that part of the unpaid principal balance not in excess of two hundred dollars ($200), and two percent a month on that part of the unpaid principal balance in excess of two hundred dollars ($200) but less than one thousand dollars ($1,000) Interest after due date of final installment. Interest as provided in this section shall not accrue or be recovered or charged on any loan made under this chapter for any longer than six months after the due date of the final installment of principal or interest. After the expiration of said six-month period, interest may be charged at a rate not to exceed eight percent per annum.
 
This information is for informational purposes only. Although care has been taken to accurately describe the laws and regulations in Alabama, no guarantees are implied or expressed about its accuracy. This is not legal advice. If you need legal advice, please consult an attorney or the Alabama Banking Department.
 
The following classes of lending organizations may be exempt from some, all or none of the regulations and laws set by the state of Alabama. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.


Alabama Personal Loan for Bad Credit Lending Regulator (AL)

Regulating Authority
Alabama Banking Department
P.O. Box 4600
Montgomery, AL 36103
(334)242-3452
www.banking.alabama.gov

Agency for Handling Complaints
Write to : State of Alabama Banking Department
Attn: Arlene Baldwin
P.O. Box 4600
Montgomery , AL 36103-4600
(334)242-3452
www.banking.alabama.gov/complaint.aspx

 

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Personal Loans in AL
$1,000 to $35,000 - Credit Score 650+
 
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For Bad to Excellent Credit. Flexible Terms.

Flag of the State of Alabama Sometimes, debt can loom over you like the Vulcan statue over Birmingham. When money’s coming in as slow as molasses, an installment loan would for certain be handy as a hip pocket. But if you have bad credit, where in Alabama can you find a loan?

Maybe a toothache sends you to the dentist in Daphne only to be told you could eat corn through a picket fence. You need to have major work done – and that’s going to break the bank. Or, your transmission decides to die in Talladega, and that repair bill could scare the buzzards off a gut wagon. What can you do? You need your teeth, and you need a car to get to and from work. You’ll have to come up with the money somehow.

Whether your roof is leaking in Lincoln, your taxes are due in Troy, or you need a fence to keep gators out of your yard on the Gulf Coast, big bills can make you feel like the Tide just rolled over you. Some things just can’t wait, like getting rid of a hornets’ nest in Homewood, or tending to a copperhead bite in Cullman. These are expenses that can’t be avoided – and you have to act fast. So where can you turn for an installment loan to pay for these things?

Bad credit can be like a 200 pound weight tied to your leg. Every time you try to get somewhere in life, there it is, dragging behind you and slowing you down. When you need a personal loan to take the next step in your life, or help balance your finances due to unexpected expenses, where can you turn? Where can you find personal loans for people with bad credit?

We Give Loans is here to offer solutions. With our network, we have access to 9,914 different loan sources that offer installment loans from $500 to $5,000. With flexible repayment terms from 2 to 36 months, it’s possible to not only get a loan with bad credit, but to find one that fits your budget and situation. With many lenders approving loans online in just minutes, and funding loans in 1-3 business days, you can take your next step quickly and with ease.

Stop running from lender to lender, completing mountains of paperwork. With one short, secure, online form, we can pair you with the right loans from the right sources. Apply now and take a step toward financial peace today!


 

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Alabama Financial Counseling Information

If you feel that you may benefit from the services of a financial counselor, The CuraDebt can be located at or by calling services are .