More regulations coming soon
Because payday loans come with such high costs that can be difficult to pay back on schedule, borrowers often find themselves in a cycle of debt — having to borrow more to pay back their current loan. Because of this, Alabama lawmakers are considering limiting the number of payday loans you’re able to borrow per year. This isn’t set to change for another few years, but keep an eye out.
If I live in Georgia can I go to Alabama and get a payday loan and if I can which is a good company?
Hi Jrod,
Thank you for your inquiry.
Generally, you can can get a loan from the the state where you have the permanent residency. You can always clarify this with your preferred lender in Alabama for further verification.
I hope this information has helped.
Cheers,
Harold