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Alabama Rates & Terms

SpeedyCash.com is a licensed Deferred Presentment provider in Alabama.

Alabama Speedy Cash loan agreements are governed by the State of Alabama.

View example finance charges.

Advance Amount:
(the amount of credit provided to you):		 $2,100 $2,250 $2,500
Number of Payments: 52 52 52
Payment Schedule: 51 payments in the amount of $148.89 every two weeks; final payment in the amount of $150.38 51 payments in the amount of $159.53 every two weeks; final payment in the amount of $159.06 51 payments in the amount of $177.25 every two weeks; final payment in the amount of $179.12
Finance Charge:
(the dollar amount the credit will cost you)		 $5,643.77 $6,045.09 $6,718.87
Total of Payments:
(the amount you will have paid after you have made all payments as scheduled)		 $7,743.77 $8,295.09 $9,218.87
APR**: 178.51% 178.51% 178.51%

**Annual Percentage Rate: The APR is the total cost of your loan expressed as a yearly rate. The above APR is based on example loan term of 52 installments.

Advance Amount:
(the amount of credit provided to you):		 $2,100 $2,250 $2,500
Number of Payments: 24 24 24
Payment Schedule: 23 payments in the amount of $323.76 every month; final monthly payment in the amount of $324.45 23 payments in the amount of $346.89 every month; final monthly payment in the amount of $346.83 23 payments in the amount of $385.43 every month; final monthly payment in the amount of $385.88
Finance Charge:
(the dollar amount the credit will cost you)		 $5,670.93 $6,075.30 $6,750.77
Total of Payments:
(the amount you will have paid after you have made all payments as scheduled)		 $7,770.93 $8,325.30 $9,250.77
APR**: 178.36% 178.36% 178.36%

**Annual Percentage Rate: The APR is the total cost of your loan expressed as a yearly rate. The above APR is based on example loan term of 24 installments.

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Online Installment Loan Questions

How much money can I borrow?

Alabama residents may be eligible to receive up to $3,000 with an online installment loan from Speedy Cash.

How much will my loan cost?

Installment loans accrue daily interest. That means you only pay for the time you use your loan. Speedy Cash encourages you to pay off your loan early if possible to save on interest. Please note that the repayment amount will vary depending on the length and dollar amount of your loan.

Alabama State License
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SpeedyCash.com is a licensed Deferred Presentment provider in Alabama.

Alabama Speedy Cash loan agreements are governed by the State of Alabama.

View example finance charges.

Advance Amount:
(amount financed):		 $100
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $17.50
Check Amount:
(total of payments)		 $117.50
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $150
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $26.25
Check Amount:
(total of payments)		 $176.25
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $200
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $35.00
Check Amount:
(total of payments)		 $235.00
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $250
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $43.75
Check Amount:
(total of payments)		 $293.75
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $300
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $52.50
Check Amount:
(total of payments)		 $352.50
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $350
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $61.25
Check Amount:
(total of payments)		 $411.25
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $400
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $70.00
Check Amount:
(total of payments)		 $470.00
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $450
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $78.75
Check Amount:
(total of payments)		 $528.75
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term
Advance Amount:
(amount financed):		 $500
Fee Rate: 17.50%
Fee Amount:
(cost of loan)
*Assuming all payments
are made as scheduled		 $87.50
Check Amount:
(total of payments)		 $587.50
APR**: 456.25% APR for a 14-day loan term
212.92% APR for a 30-day loan term

**Annual Percentage Rate: The APR is the total cost of your loan expressed as a yearly rate. The above APRs are based on example loan terms of one payment ("Check Amount") due in 14 or 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.

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Online Payday Loan Questions

How much money can I borrow?

Alabama residents may be eligible to receive up to $500 with an online payday loan from Speedy Cash. Alabama law limits the maximum loan amount that any one borrower may have with all Deferred Presentment providers to $500.

When do I have to pay back my loan?

Your loan due date will be determined by your pay cycle. Typically, your loan will be due on your next pay day. Under Alabama law, Deferred Presentment transactions cannot be made for a term of less than 10 days or more than 31 days.

What if I can't pay my loan off on my due date?

In accordance with Alabama law, your full loan amount plus fees are due on your scheduled loan maturity date. You may obtain another loan once this one is paid-in-full.

Alabama's Deferred Presentment Services Act

NOTICE: FEES FOR DEFERRED PRESENTMENT TRANSACTIONS MAY BE SIGNIFICANTLY HIGHER THAN FOR OTHER TYPES OF LOANS.

Maximum Fee: The most that any Deferred Presentment provider may charge for Deferred Presentment transactions is 17.5% of the cash advanced. Cash Colorado LLC DBA Speedy Cash charges 17.5% for these transactions.

No other fees may be charged for these transactions, except if a check "bounces" once it is deposited at a bank, then the provider may charge a one-time NSF fee of up to $30.00. And if the provider must go to court to enforce payment of this loan, then you may be assessed court costs and up to 15% of the face amount of the check as attorney's fees. You cannot be arrested or sent to jail for passing a "worthless" deferred presentment check except due to closed account.

Additional Loan Information

Maximum Loan Amount: The law limits the maximum loan amount that any one borrower may have with all Deferred Presentment providers to $500. The provider will be verifying your other outstanding deferred presentment loans with a database to determine compliance with the law.

Term: Deferred Presentment transactions cannot be made for a term of less than 10 days or more than 31 days.

Renewal: Your transaction is due on the maturity date. You may obtain another transaction once this one is paid-in-full. However, if you cannot repay the total amount due, then, if offered by the provider, you may renew this transaction one more time upon payment of an additional fee. If you cannot pay the total amount due at that time, then, at the provider's option, you may extend your repayment into four equal monthly installments at no additional cost.

Customer Agreement: You must be given a copy of the provider's Deferred Presentment Services Agreement. You have the right to read the Agreement before you sign it. You have the right to ask questions of the provider's staff until you thoroughly understand everything in the Agreement. You also have the right to walk away from the Agreement before you sign it.

Complaints:
To report any unresolved problems with Speedy Cash, contact the State Banking Department
State Banking Department
401 Adams Ave. — Ste. 680
Montgomery, AL 36104
Phone: 1-334-242-3452
Website: www.banking.alabama.gov

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Product types and maximum loan amounts vary by market. Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Some applications may require additional verification, which can delay the lending decision.

Short term loans should be used for short-term financial needs and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

The credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to, TransUnion, Equifax, LexisNexis or FactorTrust, Inc.

†Instant funding is not applicable for all debit cards and is not available in Ohio, Oklahoma, Oregon, or South Carolina. Subject to system limitations. Some restrictions may apply.

∞Cash advances only available up to approved credit limit; some restrictions may apply.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

Alabama: Minimum age to apply in Alabama is 19.

California: Deferred deposit loans are provided in accordance with the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law, Cal. Fin. Code §23000 et seq.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Texas: Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. under Chapter 151 of the Texas Finance Code. If you have a complaint, first contact MoneyGram Payment Systems, Inc. at 1-800-MONEYGRAM. If you still have an unresolved complaint regarding the company’s money transmission or currency exchange activity, please direct your complaint to the Texas Department of Banking: 2601 North Lamar Boulevard, Austin, TX 78705-4294, 1-877-276-5554 (toll free), www.dob.texas.gov.

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