Payday financing reform: closing a financial obligation trap in Alabama

Payday financing reform: closing a financial obligation trap in Alabama

On busy highways and run-down roads over the state, you can’t miss them: big, bright indications guaranteeing simple cash. From pay day loans to car name pawns to expectation loans on taxation refunds, Alabamians face a array that is dizzying of solutions made to trap customers in monetary quicksand. This particular fact sheet highlights the pitfalls of payday advances in Alabama while offering policy answers to deal with them. Continue reading “Payday financing reform: closing a financial obligation trap in Alabama”