Best Payday Loan Lenders in Alabama

Alabama payday loans became legal back in 1994 when they were regulated by the state’s Small Loan Act. 2003 saw a slight shift in legislation, and since then, the industry has been governed by The Deferred Presentment Act. Nowadays, all the lenders that provide short-term cash advances in Alabama have to follow the act’s best lending practices. The ones on our list though, go beyond that, offering the best payday loans in the Heart of Dixie. Enjoy!

Best Payday Loans Providers in Alabama

Lending Bear Logo

Lending Bear

Cash When You Need It, Fast & Friendly!

Lending Bear operates as a sister company to Speedy Cash — one of the lenders that pioneered this industry. Their offer includes online payday loans and in-store cash advances. Their offer includes online as well as in-store payday loans. An excellent score (4.9/5) on Google Reviews and an A+ rating on the Better Business Bureau solidifies their spot among the best payday loan brands in the US.

Loan amount range: $100 to $500

Loan term: 10 to 31 days

APR: 456% for a 14-day loan

Min. credit score: N/A

Fees: $17.5 per $100 borrowed

Approval time: Almost instant

Funds available in: Same or next business day

Number of Alabama stores: 3

Online application: Yes

24/7 open: No

Check into Cash Logo

Check into Cash

Your One Stop Money Shop

A true trailblazer, Check into Cash is among the best payday loans providers out there. The company was established in 1993, and they operate over 800 stores across 20 states. It is a well-established brand with numerous storefronts, which is quite reassuring to many customers. On the downside, they do run credit checks on new customers.

Available in: Alabama, Alaska, California, Delaware, Florida, Hawaii, Idaho, Indiana, Kansas, Mississippi, Missouri, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming

Loan amount: $50-$1,000 (some states might have a lower cap)

Loan term: 14-30 days

APR: Depends on the loan term (261-782%)

Min. credit score: 300

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Check'n Go Logo

Check ‘n Go

Real solutions for real people

Check ’n go opened its doors to customers in 1994. Their first storefront was in Kentucky, and they’ve since expanded their business to over 20 states. This company offers quick payday loans, with interest rates that fall well within the industry average. With 26 years of experience and 1,000 stores across the US, you can’t go wrong with Check ‘n Go.

Available in: Alabama, California, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Mississippi, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, Wisconsin, Wyoming

Loan amount: $50-$1,500 (some states might have a lower cap)

Loan term: 10-35 days

APR: Depends on the loan term (214.68-661.80%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Speedy Cash Logo

Speedy Cash

Reset. Refocus. Restart.

Speedy Cash (or Rapid Cash in Nevada, Oregon, and Washington) is another reputable payday loans provider. They opened their first store in California back in 1997, and have been expanding ever since. Today, the company operates around 200 stores in 14 states. Speedy Cash is a member of the Online Lenders Alliance, ensuring fair treatment and adherence to a code of conduct.

Available in: Alabama, Alaska, California, Hawaii, Louisiana, Nevada, North Dakota, Oregon, Texas, Washington, Wisconsin, Wyoming 

Loan amount: $100-$500 (some states might have a lower cap)

Loan term: 14-30 days

APR: Depends on the loan term (214-460%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Advance America

Advance America

Money today, momentum tomorrow.

One of the industry pioneers, Advance America has been in business since 1997. With over 1,400 physical stores across the continent and millions of clients served, Advance America offers some of the top payday loans on the market. They run a full-disclosure, no-nonsense kind of business where the customer always comes first.

Available in: Alabama, California, Colorado, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, Nevada, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming

Loan amount: Up to $1,000 (some states have a lower cap)

Loan term: 2-4 weeks

APR: Depends on the loan term (231-495%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Alabama Payday Loans Laws Summary

To make it easier for you to know your rights, we’ve prepared a short summary of the main requirements and conditions if you want to take out a short-term cash advance in the Heart of Dixie.

State Law

Requirements for Payday Loans in Alabama

Payday Loans for Bad Credit

All the lenders on our list offer cash advances for borrowers with no credit history or below-average credit scores. Therefore, obtaining a loan should be quite easy, regardless of your credit score.

Failing to Repay Alabama Payday Loans

It is important to emphasize that criminal charges are generally prohibited. However, Alabama residents could be taken to court if their check bounces due to a closed bank account. A civil lawsuit is a more likely outcome. If you’re found guilty, a judge could order your wages to be garnished until the debt is paid off.

Reviews of the Best Payday Loans in Alabama

Lending Bear

Lending Bear is a state-licensed vendor with three storefronts in the Cotton State. Alabama residents seeking online or in-store cash advances have come to the right place. What this brand lacks in availability, it more than makes up for with service quality. They are licensed by the State of Alabama Banking Department.

Pros

Cons

Lending Offer Overview

Looking for the best payday loans in the Cotton State? Then Lending Bear might be the perfect option for you. First-rate service quality and excellent customer satisfaction rate make this company a reliable source of payday loans for bad credit in Alabama. State law, however, regulates payday loan amounts, capping them at $500 per loan while the lowest cash advance is $50. The loan term can be between 10 and 31 days, depending on your next payday. In Alabama, the finance charge is fixed at 17.5% of the loan amount or $17.5 per $100 borrowed. The APR depends on the length of the loan, ranging between 212% to 456%. Lending Bear allows one rollover per loan, however, do keep in mind that it comes with additional interest and fees.

Other Features

Alabama online payday loans and in-store cash advances are both available on this lender’s menu. As expected, the application for both loan options is straightforward and simple to fill out. Lending Bear doesn’t mind a below-average credit score, and your request will usually be granted in the blink of an eye. For any additional questions or concerns, you can contact their fantastic customer support agents. All things considered, Lending Bear is an excellent choice for a payday loan in the Heart of Dixie.

Check into Cash

Borrowers looking for a well-established lender offering Alabama payday loans that also boasts decades of experience, you have come to the right place. Check into Cash, a trustworthy vendor that has a streamlined online and in-store application process nationwide is also licensed by the State of Alabama Banking Department.

Pros

Cons

Lending Offer Overview

Allegedly, Check into Cash laid the groundwork for this industry in the US. Alabama payday loans, in addition to online cash advances, are available from this lender. Alabamians can obtain their services under the following terms — the loan’s length goes between 10 and 31 days, while the APR ranges between 286% and 391% for a 14-day loan. Customers can obtain an amount from $50 to $500 in-store and online. This company requires their clients to pay a $17.5 fee per $100 borrowed for both loan options. Rollovers are allowed in Alabama, however, only once per transaction. Keep in mind that you’ll need to pay additional fees if you decide to do so. Once the loan reaches maturity, the entire sum will be automatically withdrawn from your account, or you could pay by debit card.

Other Features

Check into Cash provides first-class payday loans online to Alabama residents in addition to excellent in-store cash advances. Acquiring a loan has never been easier, as borrowers only need to fill out a simple form and provide some essential personal information. The entire process should be over before you know it. Check into Cash developed a user-friendly app allowing Alabama residents to manage their accounts and funds while on the move. You have their welcoming and knowledgeable customer support at your disposal for any further questions or inquiries.

Check ‘n Go

Check ‘n Go has 34 brick-and-mortar stores in the Cotton State, making their services easily obtainable. If you prefer, they also offer Alabama payday loans online. Borrowers will be able to get a loan from this lender, regardless of their credit score. This vendor is licensed by the State of Alabama Banking Department throughout 2021.

Pros

Cons

Lending Offer Overview

This company has been in business for a long time, and their offer reflects the knowledge and expertise they have gained thus far. Check ‘n Go extends in-store payday loans in Alabama as well as online cash advances. Their customers are presented with the following offer — the value of a loan starts at $50, while the payday loan maximum amount goes up to $500, whereas the APR ranges from 286% to 391% for a two-week loan. Fees are fixed as usual, and they cannot exceed 17.5% of the principal amount. You can reimburse the borrowed amount in 10 to 31 days. While Alabama’s legislation allows rollovers, borrowers should be mindful of the additional fees a renewal incurs. Customers can repay what they owe personally in a store or enable the lender to debit the funds once the loan is due automatically.

Other Features

Check ‘n Go always goes above and beyond securing their rightful place on our list of the best Alabama payday loans. Clients can apply at one of their 34 locations and get same-day access to funds. Opting for an online application certainly has its merits as well, however, you’ll need to wait up to 48 hours for your deposit to arrive. Applying for a loan is simple and straightforward, regardless of the loan you choose. Customers can expect near-instant approval time, which is always helpful in emergencies. Trustpilot reviews regarding their customer support are overwhelmingly positive, so don’t hesitate to reach out.

Speedy Cash

Speedy Cash has been in business for quite some time now, having opened its first stores back in the 90s. Both the in-store and online payday loans Alabama residents can get from this firm are excellent, making this lender a safe choice regardless of your preferences. Speedy Cash is licensed by the State of Alabama.

Pros

Cons

Lending Offer Overview

If you’re in the market for one of the top payday loans Alabama has to offer, then Speedy Cash is an excellent place to start. As expected, the loan terms, fees, and amounts are regulated by state law. The loan’s duration can go between 10 and 31 days with a bi-weekly and a monthly repayment cycle. Speedy Cash offers competitive fees which can’t go over $17.5 per $100 borrowed. Alabamians can borrow as little as $50, while the maximum amount goes up to $500. Their clients can repay the loan in several ways. In-store payment is the first option — both cash and debit cards are accepted. As an alternative, you can opt for online repayment. Debtors might be offered an installment plan, in case they’re unable to repay the loan in full.

Other Features

Speedy Cash has your best interests at heart. That’s why their online payday loans in Alabama with no credit check come with near-instant approval times. Following the industry standards, this vendor has made the loan application smooth and convenient. Customers will be able to complete it in the blink of an eye. In-store cash advances come with a same-day deposit, while online applicants will need to wait a bit longer. Speedy Cash’s smartphone app, available on both Android and iOS, allows you to manage your funds on the go easily.

Advance America

Advance America is easily among the best lenders in the entire country. Apart from their exceptional in-store availability, they offer online payday loans in Alabama. Customers who value professionalism and expertise won’t go wrong with this vendor. This brand is licensed by The State of Alabama Banking Department.

Pros

Cons

Lending Offer Overview

Back in 1999, Advance America opened its doors to customers in Alabama. Nowadays, this brand is the most widely available lender in the state. Let’s take a look at what they have in store for us. The loan amount ranges between $100 and $500 for both loan types. The Cotton State imposes strict regulations on finance charges since they cannot exceed 17.5% of the borrowed amount. The payday loans Alabama residents can get from this lender come with an APR varying from 212% to 456% based on duration. Speaking of the loan term, it can’t go below 10 or above 31 days. At the same time, local regulations allow rollovers, however, only once per loan. Borrowers unable to repay the entire sum in one go will be granted a 4-month installment plan.

Other Features

Many people are used to instant gratification in this day and age, and Advance America is astutely aware of the fact. That’s correct — this vendor does its best to make the application process simple and approval times as quick as possible. In the Cotton State, you can procure a loan in several ways — personally in-store, over the phone, or online. The excellent news is that the majority of requests are approved within minutes. A high customer satisfaction rate indicates that Advance America deserves a spot among the best payday loans lenders in Alabama.

FAQ

Can you include payday loans in bankruptcy in Alabama?

Payday loans are classified as personal unsecured loans and are therefore dischargeable in the bankruptcy process.

How many payday loans can you have at one time in Alabama?

Simultaneous payday loans aren’t allowed in the state of Alabama.

How many payday loans can you get in Alabama?

You can get one payday loan in Alabama at a time. You can take as many consecutive loans as you’d like, as long as you have paid off the previous one.

Can a payday loans company garnish your wages in Alabama?

Yes, this is legally allowed. The company can garnish up to 25% of disposable income if the judge rules against the borrower.

Is a license required in Alabama for online payday loans?

Every company offering payday loans in Alabama must have a state-issued license.

What is the common interest rate on payday loans in Alabama?

The average APR in Alabama stands at 456%.

How do you check how much you have unpaid in payday loans in Alabama?

You can always call the company you borrowed from and ask about your outstanding balance.

Who governs check advance payday loans in Alabama?

The Alabama State Banking Department regulates this industry.

Can I renew my Alabama payday loan?

Yes. One rollover is permitted per every Alabama payday loan.

What is the term of payday loans in Alabama?

Alabama residents have between 10 and 31 days to repay a cash advance in Alabama.

The Bottom Line

Despite strict regulations, the lending industry is still going strong in the Cotton State. All the Alabama payday loans providers on our list are transparent and state-licensed, which helped them make the cut. These vendors will indeed go above and beyond to meet their customers’ needs. We’re positive that these lenders will meet all of your borrowing needs.

Remember to always borrow responsibly and never take out more cash than you can reasonably pay back.

Your BalancingEverything Team

References:

LendingBear

CheckintoCash

Check’nGo

SpeedyCash

AdvanceAmerica

AlabamaLaw

BankruptcyLaw

WageGarnishment