46,000 loans which are payday requested in Alabama every week, database programs
Gallery: Payday Lenders Multiply Throughout The Birmingham Metro Region
A brandname brand new state database that tracks payday financing shows that folks took straight straight down 462,209 pay day loans — totaling $146 million– from cash loan stores in Alabama in previous times 10 days.
The Alabama Banking Department began monitoring the loans in August after winning a court battle in the development concerning the database to enforce a legislation that is limits that are existing to presenting no more than $500 in payday advances […]