Well, money doesn't cost the same everywhere. In Michigan, where I live, we pay starting from 7% the interest rate, while in the Europe is somewhere around 1-2%, if I'm not mistaken. But, as we all know, this depends on a lot of economic factors, mainly by the average salary. If you don't make it returning the loaned money, applying for a refinancing gets you out of trouble. The best part is that on the companies, which give the payday loans in AL, your request is sent to multiple banks simultaneously, so you get multiple offers, so you can choose the one, you like.