New database demonstrates 46,000 payday advance loans every week in Alabama

New database demonstrates 46,000 payday advance loans every <a href="https://guaranteedinstallmentloans.com/payday-loans-de/">payday loans in Delaware</a> week in Alabama

MONTGOMERY, Ala. — A new county collection that tracks payday lending demonstrates that individuals took out 462,209 cash loans — totaling $146 million— from cash advance storehouse in Alabama over the past 10 days.

The Alabama savings office set out tracking the personal loans in August after winning a the courtroom combat within the development of the database to impose an active rule that limitations individuals to getting at the most $500 in payday advances previously. Continue reading “New database demonstrates 46,000 payday advance loans every week in Alabama”