Payday Lending Is Crushing Alabama Communities: New Report Offers Solutions

By Dev Wakeley of Alabama Arise | Originally published on April 11, 2019 by Alabama Arise

As Equal Voice Action and allies fight back against predatory lenders, read and share a new report on payday lending co-released by Alabama Arise and the Alabama Appleseed Center for Law and Justice. This new report details the harmful impact of payday lending in Alabama and highlights solutions to protect families and stop the debt trap.


Alabama has more payday and title lenders than hospitals, high schools, mov­ie theaters and county courthouses combined. The industry churns a profit out of desperate, finan­cially fragile borrowers. And unfortunately, Alabama’s weak consumer protections provide them with plenty.

We explore these problems in depth and offer policy solutions in Broke: How Payday Lenders Crush Alabama Communities, a comprehensive new report we co-released Thursday with Alabama Appleseed. “Broke” covers the history of these loans, explains current practices and reviews alternative lending options. And the report looks at how the 30 Days to Pay bill and other reforms would ease financial strain for hundreds of thousands of Alabamians.

“Broke” introduces you to some of the faces behind the debate. It contains an interview with a payday borrower who ended up homeless. It recounts how another borrower was driven into destitution after taking out a payday loan to pay for a family member’s funeral. And it shares the stories of many other Alabamians who were squeezed mercilessly by lenders no matter what hardships they were experiencing.

The lending industry has jammed up reform efforts in committee for years, and only a strong push from everyday Alabamians can turn the tide. Please share this report on social media and let your legislators know that we have to reform payday lending in Alabama.

Read the full report from Alabama Arise and the Alabama Appleseed Center for Law and Justice.


Alabama Arise is a nonprofit, nonpartisan coalition of congregations, organizations and individuals promoting public policies to improve the lives of low-income Alabamians.

Alabama Appleseed Center for Law and Justice is a non-profit, non-partisan 501(c)(3) organization founded in 1999 whose mission is to work to achieve justice and equity for all Alabamians.

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