Payday Loans in Gracewood, Georgia

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
TitleBucks Title Loans 6141 GA-85 Ste. B, Riverdale, GA 30274 +1 (770) 996 - 3821
Georgia Auto Pawn, Inc. 1940 W Broad St, Athens, GA 30606 +1 (706) 227 - 3177
MoneyGram 501 Spaulding Rd, Montezuma, GA 31063 +1 (478) 472 - 7533
First Chance Mortgage Inc 131 Lee Byrd Rd, Loganville, GA 30052 +1 (470) 207 - 1064
Okinus 147 W Railroad St S, Pelham, GA 31779 +1 (800) 472 - 1334
TitleMax Title Pawns 105 S Slappey Blvd, Albany, GA 31701 +1 (229) 420 - 9598
TitleMax Title Pawns 2533 Dawson Rd, Albany, GA 31707 +1 (229) 435 - 7835
SunMark Community Bank 1005 Northside Dr, Perry, GA 31069 +1 (478) 224 - 3838
InstaLoan - Closed 7348 Davidson Pkwy S, Stockbridge, GA 30281 +1 (770) 474 - 6734
Great Oaks Bank 127 6th St SE, Cochran, GA 31014 +1 (478) 934 - 4400

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gracewood, GA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Tucker, GA, Payday Loan Without a Credit Check in Valdosta, GA, Payday Loans in Warner Robins, GA, Same Day Loans in Albany, GA, Payday Loan for Alpharetta, GA, No Credit Check Loans in Atlanta, GA, Payday Loans in Columbus, GA and Guaranteed Loans in Dalton, 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 Gracewood, GA.

Are Payday Loans Legal In Gracewood, 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

Gracewood, GA payday loan calculator

Understanding Payday Loans in Gracewood, Georgia

Payday loans are small, short-term loans that are meant to be repaid on the borrower’s next payday. They are typically used by individuals who need immediate financial assistance to cover unexpected expenses or bills before their next paycheck arrives.

If you are a resident of Gracewood, Georgia, it is important to note that payday loans are prohibited by state law. According to the Georgia Industrial Loan Act, payday lending is illegal in the state of Georgia.

Why are Payday Loans Prohibited in Georgia?

The state of Georgia has taken a firm stance against payday lending because of the high fees and interest rates that can trap borrowers in a cycle of debt. In 2004, the state passed legislation that effectively banned payday lending by prohibiting lenders from charging more than 16% annual interest on small loans.

Despite the prohibition on payday lending in Georgia, there are still lenders who attempt to take advantage of vulnerable borrowers in Gracewood and other areas of the state. These lenders may operate online or out-of-state, but they are still subject to Georgia state law. It is important to be cautious when considering any type of loan, particularly if the lender is not licensed to operate in Georgia.

Alternatives to Payday Loans in Gracewood, Georgia

While payday loans may not be an option for residents of Gracewood, Georgia, there are several alternatives that can provide financial assistance in times of need. These alternatives include:

  • Personal installment loans: Unlike payday loans, personal installment loans are long-term loans that are repaid over a period of months or years. Interest rates and fees may be lower than those charged by payday lenders, and borrowers have more time to repay the loan. It’s important to do your research and compare offers from multiple lenders before committing to a personal installment loan.
  • Credit counseling: Credit counseling agencies can provide free or low-cost advice to individuals who are struggling to manage their debt. A credit counselor can help you create a budget, negotiate with creditors, and develop a debt management plan.
  • Emergency assistance programs: If you are facing a financial crisis, there may be local or state programs that can provide assistance with food, housing, or utility bills. Contact your local government or non-profit organizations to find out what resources are available in your area.

Interesting Facts About Payday Loans

  • According to a report by the Consumer Financial Protection Bureau, about 80% of payday loans are rolled over or renewed within two weeks. This means that borrowers are unable to repay the loan and must pay additional fees and interest.
  • The average payday loan borrower takes out eight loans per year and spends $520 on interest and fees
  • In 2016, the Consumer Financial Protection Bureau fined ACE Cash Express $10 million for engaging in unfair and deceptive practices, including threatening to sue borrowers who fell behind on payments and requiring borrowers to take out multiple loans to pay off existing debt.

Apply Now

If you are in need of financial assistance in Gracewood, Georgia, TheGuaranteedLoans can help connect you with potential lenders who may be able to provide a personal installment loan. Our website is a free service that connects borrowers with lenders who may be able to offer a loan, but we are not a direct lender and we do not make lending decisions. To apply for a loan, complete our online application form and we will work to match you with a lender who meets your needs.

Remember, it’s important to be cautious when considering any type of loan, and to carefully review the terms and conditions before committing to a loan offer. Be sure to compare offers from multiple lenders, and to choose a lender who is licensed to operate in Georgia if you live in Gracewood or another part of the state.

F.A.Q.

Can a payday loan company file a lawsuit against me in Gracewood, Georgia?

No, a payday loan company cannot file a lawsuit against you in Gracewood, Georgia because these loans are illegal in the state.

Are there any federal laws that apply to payday loans in Gracewood, Georgia?

Yes, there are federal laws that apply to payday loans in Gracewood, Georgia, including the Military Lending Act and the Truth in Lending Act. These laws provide protections for consumers and regulate the practices of payday lenders.