At Bond & Botes, P.C., we make use of many different individuals who have dropped on monetary hard times and, in some instances, have to seek bankruptcy relief. Of all economic issues we encounter, few compare to being caught within the trap of payday lending.
We believe the continuing state of Alabama is certainly not doing adequate to safeguard our citizens through the predatory payday loan industry, therefore we work to produce our sounds heard. We have developed a petition to need which our state legislators simply take tangible action to reform pay day loans in our state.
What’s a pay day loan, and exactly how Does it Work?
Payday lenders typically target low-income customers, touting вЂњquick moneyвЂќ with small hassle. In moments, a customer will get financing to carry them up to the paycheck that is next but that cash is sold with interest levels and costs notably more than conventional loans. Continue reading Let me make it clear about Payday Loan Reform will work for Alabama