Payday Loans Fultondale AL | Online Payday Loans Alabama Near Me
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Online Payday Loan Lenders Nearby in Fultondale Alabama AL
The South-East state of the USA, Alabama, is also recognized as the “Cotton State”. Its most populous city is Birmingham, which has long been the most industrialized one too; whereas if calculating by land then the largest city of Alabama is Huntsville. The living cost of the state is quite less than the average USA cost so if you want to live here, then the expenses would be lower than other parts of the country.
If we talk about the financial condition of the state, then as per the new reports it is now on 32nd rank among the 50 states in terms of good financial shape. Here payday loans are small-term loans specially designed for those who do not have any savings and require a small amount for a few days until their salary comes. These loans are legal in Alabama and inflict the maximum limit of $500 that one can borrow. The average payback period of these short loans lies between 10-31 days. The mean APR (Annual Percentage Rate) is around 456% and you can refinance your loan but only a single time in case of difficulty to repay on time with proper interest.