A report from Alabama Appleseed and Alabama Arise
REPORT HIGHLIGHTS
Payday lenders are responsible for bringing financial hardship to hundreds of thousands of Alabamians and their families every year, swooping in to extract profits from the struggles of hard-working people. Unless the state legislature decides to act, the scourge of predatory payday loans will continue to decimate family budgets and local economies.
33,032: Average number of payday loans taken out per week in Alabama in 2018.
201,418: Number of Alabamians who borrowed money from a payday lender in 2018.
$101.6 million: Amount paid by Alabamians in payday loan fees in 2018. These payments did not decrease the principal amount owed.
7: Average number of loans taken out by a payday borrower in Alabama in 2018.
74: Percentage of Alabamians who favor a 36 percent APR rate cap and a 30 day minimum repayment schedule.
Latest News
- Two men stabbed at Holman prison after ADOC moved assailant with decade-long history of violence and sexual assault out of segregation September 13, 2026
- Appleseed welcomes new program assistant Kamora Porter September 9, 2026
- New motion in DOJ case documents 7 years of complacency and denial following state leaders’ promises to address human rights crisis in Alabama prisons September 3, 2026
- The good news about crime that you probably won’t hear about in election ads August 28, 2026
- Total tax dollars for William Lunsford and the Butler Snow firm now at $94 million August 15, 2026
Contact Us
Alabama Appleseed Center for Law & Justice
400 South Union Street, Suite 355
Montgomery, Alabama 36104
2 Office Park Circle, Suite 10
Birmingham, AL 35223
Phone: (205) 963-7999
admin@alabamaappleseed.org




