Payday Loans in Cohutta, Georgia

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No payday loan companies in Cohutta, GA. Consider companies in other cities:

Company nameAddressZip codePhone number
World Finance Corporation 2061 Hog Mountain Rd, Watkinsville, GA 30677 +1 (706) 769 - 4057
Flight Finance 4957 N Henry Blvd, Stockbridge, GA 30281 +1 (770) 389 - 6655
Cash To Go Loans Powder Springs, GA 30127 +1 (770) 222 - 1610
Reliable Loans & Tax Services 22 N Scott St, Camilla, GA 31730 +1 (229) 336 - 5293
Republic Finance 875 Mansell Rd Suite G, Roswell, GA 30076 +1 (678) 352 - 1502
1800NewDeal 5900 Spout Springs Rd #8, Flowery Branch, GA 30542 +1 (678) 960 - 0106
Cash America Pawn 2600 E Walnut Ave, Dalton, GA 30721 +1 (706) 259 - 9050
EZ Pawn & Guns Inc 12450 US-27, Summerville, GA 30747 +1 (706) 857 - 5231
Security Finance 647D Lakes Blvd, Lake Park, GA 31636 +1 (229) 559 - 0008
BankSouth 200 N East St, Greensboro, GA 30642 +1 (706) 453 - 2236

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cohutta, GA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Kennesaw, GA, 24-Hour Loan in Lagrange, GA, Bad Credit Loans in Mableton, GA, Payday Loans in Macon, GA, Payday Loans in Marietta, GA, Payday Loan Without a Credit Check in Newnan, GA, Payday Loans in Peachtree City, GA and Payday Loans in Redan, GA. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Cohutta, GA.

Payday Loans Available in Cohutta, GA By The Following ZIP Codes:

30710

Are Payday Loans Legal In Cohutta, Georgia?

Payday Lending is Prohibited in Georgia

Georgia Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Cohutta, GA payday loan calculator

Understanding Payday Loans in Cohutta, Georgia

Payday loans can be quite tempting, especially if you are in a difficult financial situation. However, it is important to understand the laws and regulations surrounding these loans in your state. In the state of Georgia, it is illegal for lenders to offer payday loans to their customers. This law was put in place to protect consumers from the predatory lending practices that are often associated with payday loans.

What Are Payday Loans?

Payday loans are short-term loans that are typically due on the borrower’s next payday. These loans are often marketed to individuals who are facing a financial emergency such as an unexpected car repair or medical bill. The loans are usually for small amounts, typically between $100 and $1,000, and they come with high interest rates and fees. In many cases, borrowers end up paying back much more than they borrowed due to these fees and interest rates.

Payday Loans in Georgia

As previously mentioned, payday loans are illegal in Georgia. The Georgia Industrial Loan Act of 1955 caps the interest rate that lenders can charge at 60% per year. This law makes it impossible for payday lenders to operate in the state since the interest and fees associated with these loans far exceed the legal limit.

In addition to payday loans being illegal, debt collectors are also prohibited from using threats or coercion to collect on unpaid payday loans. This means that if you take out a payday loan in Georgia and are unable to repay it, you cannot be threatened with jail time or subjected to other illegal collection practices.

Alternative Options

Just because payday loans are illegal in Georgia doesn’t mean that you don’t have other options if you find yourself in a financial pinch. Some alternatives include:

  • Credit Union Loans: Credit unions offer a range of lending options, including personal loans and lines of credit, that may be a better option than a payday loan.
  • Credit Card Cash Advance: While not ideal, a credit card cash advance may be a better option than a payday loan since the interest rates are typically lower.
  • Friends and Family: If you are in need of money, consider borrowing from friends or family members. This may be a better option than a payday loan since you can often work out more favorable repayment terms.

Interesting Facts and Statistics about Payday Loans in Cohutta, Georgia

– According to the Center for Responsible Lending, payday lenders drain $562 million in fees from Georgia consumers each year.

– The average annual percentage rate (APR) for a payday loan in Georgia is 387%.

– Georgia is one of 18 states that have made payday lending illegal.

Apply Now

While payday loans are illegal in Georgia, if you are in another state where payday loans are legal, TheGuaranteedLoans offers a service that can help you connect with lenders who may be able to offer you a loan. Please note that we are a connector service, not a direct lender, and we simply facilitate your connection with potential lenders who can offer you a loan that meets your needs.

If you are interested in learning more about the loans we can help you connect with, please visit our website and fill out our online application today.

F.A.Q.

Can I be arrested for taking out a payday loan in Cohutta, Georgia?

It is unlikely that a borrower would be arrested for taking out a payday loan in Cohutta, Georgia, as the focus of enforcement efforts is typically on the lenders, rather than the borrowers. However, borrowers who knowingly engage in illegal activities, such as providing false information to a lender or participating in a loan scheme, may face criminal charges.

Are there any other resources available to help me avoid predatory lending in Cohutta, Georgia?

Yes, there are several resources available to help consumers avoid predatory lending in Cohutta, Georgia, including the state's Consumer Financial Protection Bureau, the Georgia State Banking Department, and the Georgia City Department of Consumer Affairs.