11-22-2006, 12:52 AM
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Is there any limit??
Ok, I have 1 pdl that I am paying currently. They have already taken enough out of my account, is there any limit on it? Im form AL.
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11-22-2006, 02:59 AM
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nemo
Hi, welcome to the forums! Usually you are only allowed to keep a payday loan for a month in Alabama. You cannot be charged more than 17.5%, and thereafter 3%. One rollover is permitted, and one NSF. Alabama does allow the residents to request a repayment plan if you have defaulted. What loan company are currently dealing with?
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11-22-2006, 03:30 AM
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Thanks Mikey.
Is there any such law for Alaska as well? Though I am residing in AL presently but I applied for the loan when I was in AK and used my home address there.
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11-22-2006, 03:45 PM
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This is Alaska State Information
Quote:
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06-15-2007, 04:33 AM
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Alabama Code
can someone please give me the state law for alabama on payday loans. I am having a hard time comprehending what to put in the letter to the pdl company.
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06-15-2007, 04:52 AM
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i have 6 pdl out from the internet and i live in nj can you help with this
ameriloan 250 (225 pd with one due out 6/22 for 75) tendollar 300 (735 pd with one due out 6/22 for 95) xpresscash 300 (360.00 with ond due out 6/22 for 90) loanshop 300 (135 with one due out 6/22 for 45) loanshop 300 (135 with one due out 6/22 for 45) cashdirect 300 (198.00 with one due out 6/22 for 66)
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