Alabama Online Loan Rates and Fees

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Alabama Deferred Presentment Transaction

Rates and Terms for Alabama

Loan Amounts:	The maximum loan amount for Alabama residents is $500.00. Based on your income and other factors, loan limits will be determined on an individual basis.
Loan Balances:	Loan balances, including fees, cannot exceed 25 percent of Gross monthly income up to $500.00.
Term of Loan:	Minimum 10 days - Maximum 31 Days
Permitted Fees:	Up to 17.5 percent of the amount financed The Annual Percentage Rate ("APR") will vary depending on the length of your loan (see table below). Please see your loan agreement for the APR and other terms applicable to your loan.
Loan Renewal:	If you cannot repay the total amount due, then, we may offer to renew this transaction one more time upon payment of an additional deferred presentment fee. We encourage taking advantage of the option to make a partial payment on the loan balance when requesting an renewal. You may request these changes by logging into your online account and or by calling a customer service representative. Extension requests must be received by 7:00 PM Mountain Time on the business day before your loan is due. NOTICE: FEES FOR DEFERRED PRESENTMENT TRANSACTIONS MAY BE SIGNFICANTLY HIGHER THAN FOR OTHER TYPES OF LOANS.

Maximum Fee:

The most that any Deferred Presentment provider may charge for Deferred Presentment transactions is 17.5 percent of the cash advanced. The following table illustrates CCO Alabama, Inc. fee structure:

Loan Amount Fee Rate Fee Amount Total of Payments

Loan Amount	Fee Rate	Fee Amount	Total of Payments	Days	APR %	Days	APR %	Days	APR %
$100.00	17.50%	$17.50	$117.50	10	638.75%	14	456.25%	31	206.05%
$150.00	17.50%	$26.25	$176.25	10	638.75%	14	456.25%	31	206.05%
$200.00	17.50%	$35.00	$235.00	10	638.75%	14	456.25%	31	206.05%
$250.00	17.50%	$43.75	$293.75	10	638.75%	14	456.25%	31	206.05%
$300.00	17.50%	$52.50	$352.50	10	638.75%	14	456.25%	31	206.05%
$350.00	17.50%	$61.25	$411.25	10	638.75%	14	456.25%	31	206.05%
$400.00	17.50%	$70.00	$470.00	10	638.75%	14	456.25%	31	206.05%
$450.00	17.50%	$78.75	$528.75	10	638.75%	14	456.25%	31	206.05%
$500.00	17.50%	$87.50	$587.50	10	638.75%	14	456.25%	31	206.05%

No other fees may be charged for these transactions, except if a check “bounces” once it is deposited at a bank, then the provider may charge a one-time NSF fee of up to $30.00. And if the provider must go to court to enforce payment of this loan, then you may be assessed court costs and up to 15 percent of the face amount of the check as attorney’s fees. You cannot be arrested or sent to jail for passing a “worthless” deferred presentment check unless the check was returned due to an account closed prior to the day of the loan.

Maximum Loan Amount:

The law limits the maximum loan amount that any one borrower may have with all Deferred Presentment providers to $500. The provider will be verifying your other outstanding deferred presentment loans with a database to determine compliance with the law.

Term:

Deferred Presentment transactions cannot be made for a term of less than 10 days or more than 31 days.

Renewal:

Your transaction is due on the maturity date. You may obtain another transaction once this one is paid-in-full. However, if you cannot repay the total amount due, then, if offered by the provider, you may renew this transaction one more time upon payment of an additional fee. If you cannot pay the total amount due at that time, then, at the provider’s option, you may extend your repayment into four equal monthly installments at no additional cost.

Customer Agreement:

You must be given a copy of the provider’s Deferred Presentment Services Agreement. You have the right to read the Agreement before you sign it. You have the right to ask questions of the provider’s staff until you thoroughly understand everything in the Agreement. You also have the right to walk away from the Agreement before you sign it.

Complaints:

CCO Alabama, Inc. is a licensed Deferred Presentment provider in Alabama. To report any unresolved problems with CCO Alabama, Inc. , contact the STATE BANKING DEPARTMENT, Bureau of Loans, P.O. Box 4600, Montgomery, Alabama 36103-4600. Telephone: (334) 242-3452. Website: www.banking.alabama.gov.

Loan License and Registration:

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Payday Loans are also commonly referred to as Cash Advance, Payday Advances, Payday Advance Loans and Fast Cash Loans

Check City does not usually utilize traditional credit checks as part of the payday loan approval process. However, Check City may, at its discretion, verify application information by using national consumer loan underwriting databases that may include information relating to previous cash advance transactions that Check City may take into consideration in the approval process. Additionally:

*Actual loan amounts vary. See State Center for specific information and requirements.

***Products or services offered to customers may vary based on customer eligibility and applicable state or federal law.

***Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

Check City provides loan services in: Alabama, California, Hawaii, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Mexico, North Dakota, South Dakota, Texas, Utah, Wisconsin, and Wyoming.

Check City acts as a credit services organization/credit access business (CSO/CAB) in Texas and is not the lender – loans there are made by a third-party lender.

*Loan proceeds issued through our website are generally deposited via ACH for delivery next business day if approved by 8pm CT Mon. – Thu. or by 8pm Saturday.

‡Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details.

++Please see Rates and Terms to check the availability of online loans in your state. Check City does not provide loan services in all states.

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