Alabama Payday Loans Online

What Are Alabama Payday Loans?

Alabama Payday Loans are small cash loans up to $500 with a short-term repayment till your next paycheck. They allow borrowers to get instant cash advance for any urgent expenses no matter what their credit score is. Approval can be offered even to bad credit applicants with no credit check considered. Need money now? Just complete a short application form and we'll find the best lender to offer you the best payday loan in Alabama.

Is it the right choice?

There're 5,024,279 residents in Alabama, 300,000 of whom apply for a payday loan annually. It's not surprising if we take into account the fact that 16% of people live in poverty with a median per capita income of $28,934. That's why COMPACOM tries to help customers get emergency cash with an easy application form 100% online and get guaranteed approval from the best Alabama direct lenders.

As Payday Loans may be rather expensive, we recommend taking into consideration all the financing options available in Alabama. Apply for a payday cash advance only if it's an emergency and you are sure to repay the loan on time. 

How do Alabama Payday Loans work?

Caught short of cash between paychecks? Need some quick money to pay for unexpected dental or medical service, consolidate debts, repair a car, or others?

1. Fill out a simple and free application form which takes only a few minutes.
2. It will let you know whether you qualify for a loan or not and won't affect your credit history.
3. Upon approval, the money will be deposited into your bank account the next business day.

Applying in-store you get the chance to receive the necessary amount of cash the same day, even in an hour. Repayment is done automatically, the money is simply withdrawn from your account when you get the next paycheck in 10 - 31 days.

Do I Qualify?

The requirements for Alabama Payday Loans are very simple and usually are limited to:

• Alabama residency
• Legal age of 18 and older
• Valid phone number and email
• Proof of income
• Active checking account

Once you meet these criteria, you may expect guaranteed approval from payday lender.

What If I Have Bad Credit?

 No problem! Most Alabama lending companies offer short-term financing to poor credit or bad credit borrowers. They may consider your proof of regular income enough to approve you for a loan. However, keep attention to possibly higher interest rates. If you can use collateral or apply for another type of cash advance, go for it. Bad credit Payday Loans are fast and easy, on the one hand, but risky, on the other hand. Always try to raise your credit score to qualify for lower rates and better terms.

No Credit Checks? Be Careful

You must have come across the tempting offers of guaranteed online payday loans with no credit check required. Though it's close to the truth but not always worth considering. Some lenders may avoid hard inquiries which makes borrowing faster and easier. But without checking your credit history neither you nor the lender may be sure you'll repay the loan with no default, no late payment fees, no rollovers, and other unpleasant consequences. Weigh all pros and cons before applying for a payday advance with no credit check.

Alabama Payday Loan Alternatives

• Installment Loans and Personal Loans Online
• Debt Consolidation Loans, Credit Builder Loans, Credit Cards
• Social services and local assistance programs
• Additional part-time jobs or some side gigs and freelance opportunities to earn extra cash
• Recycling for money
• Help from your employer, creditors, family, and friends
• Traditional banks or credit unions.

Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default on the loan. Avoid rollovers, renewals, or extensions. It'll help you get out of Payday debt fast and easy.