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:
(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 SIGNFICANTLY 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.bank.state.al.us

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

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.

In 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 business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

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.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

Google Play is a trademark of Google Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Data rates may apply.