Education & Video
It’s time to end Alabama’s toxic credit problem.
End the
toxic cycle
These southern states have passed laws to end the toxic cycle.
Alabama must do the same!
WHAT CAN BE DONE:
Alabama has more payday lenders than any other state per capita.
We must push for more guiding principles for payday lenders and lesser interest rates for borrowers.
Close to 20 states and the United States Military have protected themselves from this industry by outlawing it.
Without payday lenders, people in need of money would still have access of up to $1,000 under Alabama’s Small Loan Act. There are options out there for people who need loans.