Want to find out if payday loans in Montgomery Alabama, are the right fit for you? Such loans can become a convenient way to get fast emergency cash for individuals who have found themselves struggling between paychecks.

As long as you provide proof of income, you can apply for a few hundred bucks that you can then use to take care of your emergency. How are such loans repaid, and what requirements would you need to meet? Keep reading to discover how payday loans work in Montgomery, Alabama.

The Payday Loans Process In Montgomery, Alabama

What Are Payday Loans? 

Payday loans are short-term loans that can be typically paid back with your next paycheck. The amount you qualify for is mainly based on your earnings. You can borrow a portion of your salary. Be mindful that although the amount you receive from bad credit loans like this can vary, you might need more time to receive larger amounts when taking out a payday loan.

The maximum amount you can get with these fast cash loans is $500 when you come to us at Alabama Title Loans, Inc. for help. And since payday loans are unsecured, you wouldn’t have to use any collateral to qualify. However, if you require a larger sum of money, and have a vehicle to use as collateral, a title pawn may be a better option for you. The requirements for this type of loan include, a lien-free vehicle title and the vehicle itself for a quick inspection, along with a state-issued ID, which is also a requirement for a payday loan. 

How Do Payday Loans Montgomery AL Work?

What many people like about payday loans is that they are straightforward to apply for. When you come to see us, you must show proof of income so one of our payday loan representatives can determine how much emergency cash you qualify for.

If approved, we here at Alabama Title Loans, Inc. will determine how much we can lend to you and you can get the money quickly. Many borrowers can repay the loan within 30 days or less. Sometimes, even 2-3 weeks.

You can return to the store to pay back the loan or it can be repaid by withdrawing funds from your account once your next paycheck is deposited. The loan is usually paid off in one lump-sum payment.

FAQs About Payday Loan Repayment

What Happens If I Can't Repay The Loan?

Alabama Title Loans, Inc. has experienced professionals who are able to assist you in establishing payment arrangements that are in accordance with state regulations, so you are able to fulfill your payday loan obligations. 

What Happens If I’m Late Repaying The Loan?

Our loan representatives are highly trained to assist you in setting up payment arrangements in accordance with state regulations should you have an unexpected emergency arise that stops you from making your payment on time. 

Can I Refinance My Payday Loan?

Yes, in the state of Alabama, you can refinance your payday loan. Please check with a loan representative near you for full details.

What Are The Requirements For Payday Loans Montgomery Alabama?

At Alabama Title Loans, Inc., we ask you to bring a state-issued photo ID or driver’s license. Your ID will be used to prove your identity and that you’re at least 18 years old. You will also need a blank check from your active bank account and your most recent pay stub. The latter will prove your income and will help our payday loan representative determine the amount you can qualify for if you are approved.

If you don’t have pay stubs (for example, you’re self-employed), we can agree to review other documents that can be used as proof of income. Those can be bank statements, tax forms, social security benefits, etc. Be sure to speak with our loan representative about this process.

A Step-by-Step Guide To Applying for An Emergency Cash Payday Loan

If you want to receive your payday loans in Montgomery, Alabama money the same or the next business day if approved, you may want to choose Alabama Title Loans, Inc. for fast cash loans. We will help ensure you get your cash quickly and are treated with the respect you deserve. To apply for a payday loan offered with us at Alabama Title Loans, Inc., you would have to:

1. Fill out an online inquiry form.
2. Speak to a friendly representative and set up an in-person appointment.
3. Come to one of the over 20 locations and find out if you’ve been approved and for how much (the process might take just 30 minutes).
4. Sign the final paperwork and get your money that same day or the following bank business day.

By the way, you can always skip the first two steps and drive straight to the nearest store location. Just make sure to bring all the necessary documents with you.

Where Can I Find The Store Locations?

Again, we have stores throughout Alabama. You can find us at Alabama Title Loans, Inc. in 25 convenient locations across the Camellia State. You’ll find each of our stores' exact addresses and phone numbers on the ‘locations’ page of our website.

Will Bad Credit Prevent Me From Qualifying?

You can still get approved for payday loans in Montgomery, AL, even if your score is below average. We welcome borrowers from all credit backgrounds to apply for these bad credit loans. We won't report your loan to any major credit bureaus at all! 

Can I Finalize The Process Online?

Though you can begin the process for these short-term loans online, payday loan regulations Alabama require that you come into the store to meet with one of our company representatives in person. However, this in-person process is quick and can take as little as 30 minutes to fully complete.

Get Your Fast Cash Loans Today!

Applying for payday loans in Montgomery, Alabama, doesn’t have to be hard. With us at Alabama Title Loans Inc., you can take out a payday loan quickly. We work with all types of credit and are committed to assisting you in getting the urgent cash that you need.

By the way, you wouldn’t even have to leave your house to get started on these fast cash loans. If you fill out the inquiry form from your computer right now, you might be able to qualify for up to $500 today! 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.