Georgia Payday Loans

In the state of Georgia payday loans are legally prohibited. Payday loan lenders which are non-banking institutions are strictly prohibited to conduct a money lending business in Georgia. The state law then does not provide for the minimum or maximum amount of money that you can take as from Georgia payday loans. Neither is there any information of any interest rate nor finance charge that a payday loan lender can charge from you. There is no time duration mentioned anywhere in which you are supposed to pay back the loan amount.

This is specifically because the state legislature does not recognize any thing that is considered a payday loan. The position remains confusing because of other legislative arrangements present in the state. The Industrial Loan Act applies to Georgia payday loans. This law provides for the lending business as it provides for the 16% APR on the amount lent, as the rate cap on small loans.

Georgia Payday Loans Laws & Regulations

This is done when the lender finances the loan directly to the client and only if it has an interest more than 50%. If you borrow $100 for a period of 14days then the APR on this will be 360%. The position however is not crystal clear for there is usury laws which provides 15% can be charged on the face amount of Georgia payday loans. And in no case the finance charge should increase to $45. This law bans providing any loan amount less than $3000.

georgia payday loans

There is no discussion about the rolling over or Georgia payday loans renewal process. Rollover means paying the fees again at the time of getting a renewal without paying the principal amount. Given to the state of confusion, the option for further research is always open. The researcher welcomes any new amendments or observations to the idea which are bound to come in the future.

Wells Fargo Financial

This Georgia payday loans provider offers a wide arrangement of financial services and loans. These include auto loans, mortgage refinance, debt consolidation loans, auto refinancing, bill consolidation, and cash out. You just have to provide basic information about yourself. The state does not promote non-banking institutions to carry payday loan lending business. So you can get loans only by applying online and get ready cash credited to your bank account. In your emergency give them a call at 404-349-2805 or visit their website at

United Community Bank

This Georgia payday loans company manages to maintain its fame for over more than 50 years of its services to the needy ones. This lender offers a wide arrangement of financial services and products from equity loans to housing loans, and title loans, and a bill pay off center. They provide mortgage facilities. They provide certificates of deposit. You just have to provide the bank with basic information about yourself. You are required to deposit checks with the bank in order to borrow money from them. Visit their branch office personally or give them a call at 770-621-9797 or visit their website at

American General Financial

This Georgia payday loans lender offers financial services to any extent as per your needs. They allow you loans for varied uses from debt consolidation to purchasing a house. They also look for your short term emergency needs. They have been providing Georgia payday loans for more than 80 years. You can easily apply by filling an online application form. The cash is directly deposited to your account. Just visit their website at

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If you’ve had a good or a bad experience with a specific Georgia payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about Georgia payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day. You can also feel free to sound off on the cash advance industry itself, and say whether you feel payday loans are inherently good or evil. This will help provide a well-balanced discussion on Georgia payday loans.

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