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Broke: how lenders that are payday Alabama communities

Alabama Arise and Alabama Appleseed Center for Law and Justice teamed up to make this report in the history, monetary impacts and peoples effect of high-cost payday financing in our state.

The report shows and administrator summary are below. Click on this link to read through the report that is full or click on the “Download” switch near the top of this post.

Report shows

  • Under state legislation, payday loan providers may charge as much as 456 % APR.

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