Alabama Free No Fax Payday Loans

Alabama Payday loan laws. Alabama Payday loan legislation.

Alabama has specific payday advance laws. The permitted fee is

17.5% of the amount advanced. The permitted time period is a

minimum of 10 days and a maximum of 31 days.

The maximum amount of the payday loan allowable is $500.00. No

more than one rollover is allowed.

For a thorough discussion of the payday loan industry and access

to our payday loan training materials, we recommend you proceed

to PaydayLoanIndustry.com



Payday loan Businesses Launch Offensive

More than 200 title loan and cash advance businesses in Alabama

have started an advertising and education campaign with the goal

of reversing negative press about their lending practices.

Member stores, who established the Alabama Council for Fair

Lending, announced a campaign they call "Borrow Smart Alabama".

It includes television and radio commercials, along with in-

store education discussing consumer financial education.

"Our industry has been mislabeled and misunderstood by advocacy

groups who say they want to help low-income residents of our

state," said Charles Hunter, spokesman for the council, in a

news release.

The Alabama Council said they agree to a code that promises

fairness, honesty and integrity in all practices.

Hunter said their businesses help many people "get back on their

feet" to re-establish their credit and without their loans, they

would "have nowhere else to turn in a financial emergency."

"We intend for this campaign to communicate the truth about our

industry and to bring our stores together to reaffirm our

commitment to our customers," he said.

"Our industry has been mislabeled and misunderstood by advocacy

groups who say they want to help low income residents of our

state. The truth is our services help many of our customers get

back on their feet or reestablish their credit." Charles Hunter,

Spokesman for the Alabama Council for Fair Lending

The association is publishing video testimonials and written

statements from customers who have used short terms loans.

The Council for Fair Lending, a trade association of Alabama-

based payday loan and title loan lenders, launched a statewide

campaign today to encourage consumers to use the more than 200

member stores in Alabama that have committed to educating

borrowers and helping them work toward financial stability.

The campaign, Borrow Smart Alabama, will include statewide

television and radio commercials along with in-store customer

education.

The Council for Fair Lending was established in May of 2007 to

enforce "accountability within the industry as well as a need to

better educate Alabama residents and members of the media about

the important services short term lenders provide to their

customers."

"Our industry has been mislabeled and misunderstood by advocacy

groups who say they want to help low income residents of our

state," said Charles Hunter, spokesman for the Council. "The

truth is our services help many of our customers get back on

their feet or reestablish their credit. Without us, they would

have nowhere else to turn in a financial emergency. We intend

for this campaign to communicate the truth about our industry

and to bring our stores together to reaffirm our commitment to

our customers."

All members of the Council for Fair Lending have agreed to a

Code of Fair Lending to which stores must adhere. This code

promises fairness, honesty and integrity in all business

practices:

We, the members of this association, in order to best serve the

citizens of this state, recognize and adopt the following

operating principles:

* All customers will be treated with concern in an honest &

professional manner.
* All customers will be fully informed of their borrowing rights

& obligations.
* We will promote the responsible use of credit and strive to

educate our customers on their financial choices.
* Our employees will treat all customers with courtesy, fairness

& integrity and will respond to any complaint about our service

promptly and directly.
* We will protect our customer’s rights to privacy with respect

to personal information.
* We will honor and respect members of active military & their

dependents. The Department of Defense’s regulations on loans

will be strictly adhered to.
* We will comply with city, county, state and federal laws and

keep our customers informed of the regulations that govern our

actions.
* We will exercise compassion to cash advance customers when

warranted by offering repayment options before proceeding with

civil collections. Title customers whose vehicles are

repossessed will be offered options to retrieve their vehicles.
* We will offer reasonably affordable loans to customers on

fixed incomes.
* We will not allow customers to roll over a loan unless

authorized by state law.
* We will give our customers the right to rescind, at no cost, a

new loan on or before the close of the next business day.
* We will prominently display the Borrow Smart seal in all of

our stores and adhere to the Borrow Smart Alabama Code of

Customer Service.


The association is publishing video testimonials and written

statements from customers who have used short terms loans.

Customers were asked to submit comments on their experience with

Borrow Smart member stores in June and July. More than 70

customers offered comments, all sharing positive experiences

with short term lending.

Stores participating in Borrow Smart Alabama and adhering to the

Code of Ethics can be identified by the Borrow Smart seal on

their doors and inside the stores. Brochures available in the

stores will educate consumers on smart lending practices. The

Borrow Smart Code of Fair Lending is available only at Borrow

Smart approved stores.

"We strongly believe that short term lending is the best choice

for some consumers, but we also know that there are sometimes

alternatives that would provide smarter solutions," Hunter said.

"We want to make sure consumers are coming to Borrow Smart

stores where they will get all the information they need to make

the right financial choice."

The Council for Fair Lending represents 200 member stores in the

state of Alabama.

For a thorough discussion of the payday loan industry and access

to our no fax payday loan training materials, we recommend you

proceed to PaydayLoanIndustry.com

Citation:
Ala. Code § 5-18A-1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 10-31 days
Maximum Finance Rate and Fees: 17.50%; 3%/month after default
Finance Charge for 14-day $100 loan: $17.50
APR for 14-day $100 loan: 456.25%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: None (max $

amount of loans at one time: $500)
Rollovers Permitted: One (rollover)
Cooling-off Period: Next business day after 2 continuous loans

repaid
Repayment Plan: Yes

Collection Limits:
Collection Fees: One $30 NSF fee; Court Costs; Reasonable

Attorney's Fees up to 15% of face amount of check
Criminal Action: Prohibited (Unless check returned due to closed

account)

FAQ Regarding Free No Fax Payday Loans

Is there a credit check for a free no fax payday loan?
There are no credit checks performed, however, we do verify your check writing/loan history with various national databases.

What is a no fax payday loan?

A no fax payday loan is meant to be used for emergency financial situations. Our lender strives to be the #1 source for our customers’ emergency financial needs. We encourage you to use our services the way for which they are intended, not as an ongoing source for financial funding.

When will my no fax payday loan payments be due?

Since this is a payday loan, your due date is determined by your pay date. Payments are due every 10 to 14 days, regardless of how often you are paid. Please keep in mind that your generated due date may not always be in line with your pay date if your next pay date exceeds the 14 day limit. However, if at any time you have a discrepancy with your due date we encourage you to contact us to discuss the matter.




What is a payment request form and how does it pertain to me and
my no fax payday loan?

Every customer is required to submit a payment request online.
You must agree to this before you can be approved. All requests
must be submitted 2 business days prior to your due date. A
payment request is simply an electronically submitted form which
notifies us how much you wish to pay when your due date arrives.

Can I change my due date?

In order to change your due date you will need to contact us
either by phone or email.

What is the minimum amount I can pay towards my no fax payday
loan on the date due?

The minimum amount is the fees associated with your current
principal balance. For example, if you have borrowed $300, your
amount due is $375. Assuming you submit a payment request on
time, the minimum amount you would have to pay on your due date
would be $75.

How many times can I extend my no fax payday loan advance?

You are allowed to extend your payday loan as many times as
necessary, however, keep in mind these are short term loans and
should be paid back as soon as possible.







When will my funds be deposited into my bank account?

The request to withdrawal your payment from your account will
arrive at your bank at 12 am on the same day that your payment
are due. If you do not have direct deposit, keep this in mind
when scheduling your due date. Please call us if you need to
change your due date.

Why does my contract have $0.00 for the amount?

If you submit a payment request to pay your loan in full, then
the contract will show $0.00 for the amount. This means that on
your next due date your amount due will be $0.00 because you are
paying the loan off on the current due date.

What repayment options do I have?

You have 3 payment options:
1) You may pay the minimum amount and extend the loan with a NEW
CONTRACT*2) You may pay more then the minimum amount and extend the loan
with a new contract* (Payment will initially be applied to the
fees and the remainder of the payment will be applied to the
principal!)3) You may pay the total amount due (Fees will be waived if you
are a Free Loan customer)

*A new contract means: You are entering into a new loan period,
which means you have to pay the finance charge associated with
your new principal balance at the end of the next pay period.

What if there are insufficient funds when my no fax loan payment
is due?

If your payment is returned due to insufficient funds, then
collections will contact you to arrange a second attempt to
debit the payment. An insufficient funds fee, ranging from $25
to $75, will also be collected with the next debit.

Will my references be contacted?

We will verify all references before approving your no fax
payday loan, however we will not disclose the name of our
company. So, ensure you provide them with valid phone numbers.

What happens after submitting a payment request?

The amount you select to pay will be deducted from your
currentbank account on the due date. Your account will remain in
good standing with our lender.

What if I do not make a payment request on time?

If you do not submit a payment request at least 2 business days
prior to your due date, then the entire amount due will be
debited! Further, if you are a Free Loan customer, you will
forfeit your right to having the fees waived.

Will I need access to a fax machine and printer in order to
complete the loan application process?

We do suggest that you print a copy of the Check Advance
Agreement for your records, however, there is usualy no faxing
needed in order to get approved!

If I pay my no fax payday loan in full, how long must I wait
until I can apply for another?

If you have paid off your payday loan, please note that there is
a waiting period of 5-6 business days before you can apply for a
renewal. Our lender must verify that they have successfully
received your payment. If you are trying to login during the
waiting period, you will receive an error message.

What is required to get a renewal?

In order to get a renewal, you need only to submit an
application under the Renewal section and provide us with your
electronic signature. That’s it, no faxing required!

How do I find out the status of my no fax payday loan
application?

All who apply will get their status via email. In some cases, if
more info is needed, we will contact you by phone or email to
get that information. Please pay close attention to all emails
that we send you.

Can I get a no fax payday loan?

If you’re a United States resident and 18 years old then you can
get a payday advance. You must be employed and make at least a
$1,000 net monthly income in order to be eligible for this loan,
and you can not have defaulted on a debt with another loan
provider or be past due with other payday advance companie if
you want to get approved by our lender. If you satisfy all of
these requirements then you will most like qualify for a free no
fax payday loan.

When do I get the no fax payday loan?

The payday advance will be directly deposited into your checking
account the business day after your application is approved. The
payday advance application can be completed in as little as 10
minutes. Once the application is submitted our lender can process
it in as little as 30 minutes. Getting a no fax payday loan is quick,
easy, and free, so give them a try today!

For more information regarding free no fax payday loans in the various states click one below.

Alabama - Arizona - Arkansas - California - Colorado Connecticut - District of Columbia - Florida - Georgia - Hawaii Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky Louisiana - Maine - Maryland - Massachusetts - Michigan Minnesota - Mississippi -Missouri - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - Ohio Oklahoma - Oregon - Pennsylvania - South Carolina - Tennessee Texas - Virginia - Washington - Wisconsin

Free No Fax Payday Loan - The Way To Go

No fax payday loans are increasing in popularity. Short-term cash advances are designed to meet your emergency financial needs. No fax payday loans are also perfect for those times when you need a little extra cash for unexpected bills or special occasions.
The fee for a payday advance is $25.00 for every $100.00 loaned. For instance, loans in the amount of $300.00 have a payback amount of $375.00. Payday loans are usually paid back within two weeks, however, you can extend the loan. To extend a no fax free payday loan you just make at least the minimum payment owed on the cash advance. First-time borrowers of funds can request up to $600.00, and first-time borrowers can get a free payday advance *.

How to get a free no fax Payday Loan

There are few requirements to obtain a no fax payday loan: you
must have a checking account that is at least 90 days old,
employment of at least 6 months, and a net monthly income of
$1000.00 or more. The application process for a free no fax payday loan is fast
and easy; no faxing is required. If your online cash advance
application is approved by 5 pm est, monday - friday, then you
will receive the cash in your bank account overnight. You can
apply for a $400 loan and no faxing is required at all.






How do no fax payday loans work?

After your no fax payday loan is approved, you will receive the
funds in your bank checking account the next day. You will then
have to submit a payment request which tells them how much you
want to pay on your loan when it is due. You will want to be
sure to submit a request or the entire amount will be debited
from your account by default. When these loans are due, the
money is debited directly from your checking account on the date
due. Once you have paid off your no fax payday loan, you may
apply for bad credit payday loans of up to $1000.00 when ever
you need them.

* Finance fees will be waived on your loan when you submit a
cash advance payment request online to pay the free no fax pay
day loan in full on your due date.


Our lender is a top payday advance company, and offers you a
free no fax payday loan if you’re a first-time customer. Our
free no fax payday loans can be filled out completely online
without any hassles. Our cash advances are also no fax, allowing
for a paperless and faxless inexpensive loan. Apply now for your
free payday loans and receive your cash advance the very next
day. Their friendly payday loan staff is on hand to answer any
no fax payday loans or cash advance question or concern you may
have. If you need an easy way to get a check advance then our
lender is the way to go.

What you will need for a free no fax payday loan:

- A CHECKING account that is at least 3 months old
- Currently employed, making at least $1000 net pay per month
You will be turned down for a no fax payday loan if:
- You are currently unemployed
- You have filed for bankruptcy within the past year, or have
filed multiple times
- You have been employed at your present job for 5 months or
less
- You have an outstanding payday loan and/or unpaid returned
checks
- You have multiple NSF/Overdraft fees in your bank account
- Your monthly NET income is below $1000.00
- You have a newly opened checking account
- We are unable to successfully identify your personal
information
- Your contact information/reference information is invalid
- You are paid monthly
- We are unable to verify your bank account information

How much can I borrow with a no fax Payday Loan?

For first time borrowers you can get $200, $300 , $400, $500, or
$600. After paying off your first no fax payday loan, you can
borrow up to $700. Once you have paid off your $600 loan, you
are then eligible for a $700 advance. After paying your $700
loan, you can step up $100.00 at a time up to a maximun of
$1000!

How soon till I get my no fax Payday Loan cash?

If your application is approved by 5 pm EST you will receive the
loan funds the next business day. Please be sure to verify that
you have submitted the correct bank routing number and checking
account number. This will enable us to get the no fax payday
loan funds to you as soon as possible.

What if I have poor credit or have filed bankruptcy?
If you have poor credit it will not affect the approval of your
loan. However, if you have filed for bankruptcy within the past
year or if you have filed multiple times, our lenders will not
be able to extend an advance to you.

How much does a no fax payday loan cost?

The fee for a payday loan is $25 for every $100 borrowed. For
instance, if you borrow $300 the fees would total $75.
What is the period a no fax payday loan is designed for?
Cash advances are intended to be used for quick cash in the case
of a financial emergency. The loan period is generally 14 days,
but may be shorter in some cases.

How long does it take to get approved?

Depending on what time of day you apply and how quickly you
complete the application process, you can be approved within
minutes. But, bear in mind that we are open from 9 am to 6 pm
EST Monday through Friday. Please take these hours into
consideration when awaiting approval.

What happens when my no fax payday loan is due?

You will need to submit a payment request online no less than 2
business days prior to your due date. Please see the “Payments”
section of the FAQ page on the site for more information
concerning payment requests.

How does getting a no fax payday loan work in more detail?

The process by applicants is begun by filling out and digitally
signing our onsite application. Once submitted, we'll review
your application and notify you regarding your status. If your
no fax payday loan is approved, we will deposit the funds the
next business day (so long as you are approved by 5 pm EST,
during the business week). All applicants will be notified of
their status via email. Be sure to pay close attention to all
emails that you receive from our lender.

States and cities to find free no fax payday loans online:

Alabama - Arizona - Arkansas - California - Colorado
Connecticut - District of Columbia - Florida - Georgia - Hawaii
Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky
Louisiana - Maine - Maryland - Massachusetts - Michigan
Minnesota - Mississippi -Missouri - Nebraska - Nevada - New
Hampshire - New Jersey - New Mexico - New York - North Carolina - Ohio
Oklahoma - Oregon - Pennsylvania - South Carolina - Tennessee
Texas - Virginia - Washington - Wisconsin

Free No Fax Payday loans

It's good to know that in these economically trying times that there are free no fax payday loans to help out. Whether you need the loan for medical, legal, vacation, business, personal or other expenses free no fax payday loans are available.

You can use these free no fax payday loans for any purpose and you won't have to answer any questions regarding the reason for the funds request. Why should you? After all it's your money.

The lenders we deal with understand what the needs of their customers are. Many people have no where else to turn and getting a free no fax payday loan is sometimes the last option they have left.




Personal financial emergencies happen to just about all of us at some point in our lives. A great solution is a free no fax payday loan. It doesn't get any better than that. Free and fast cash in your bank account.

An added advantage to our free no fax payday loans is that you can apply using our quick and easy online form and be approved in minutes any time day or night.

Your first free no fax payday loan will be:

• No fax
• No credit check
• No interest
• No hassles

We guarantee it!

For more information regarding free no fax payday loans in the various states click one below.

Alabama - Arizona - Arkansas - California - Colorado Connecticut - District of Columbia - Florida - Georgia - Hawaii Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky Louisiana - Maine - Maryland - Massachusetts - Michigan Minnesota - Mississippi -Missouri - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - Ohio Oklahoma - Oregon - Pennsylvania - South Carolina - Tennessee Texas - Virginia - Washington - Wisconsin