title lender

Payday lending
Lenders in Alabama currently offer payday loans and automobile title loans at triple-digit interest rates (up to 456 annual percentage rate), far above the 36% annual interest rate cap that Congress set for military personnel and their families. Misleading promises of a quick fix trap the most vulnerable Alabamians in financial quicksand and leave borrowers in a never-ending cycle of debt, often borrowing from other payday lenders to pay back an initial loan.
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