Payday Loans in Morris, Georgia

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

Company nameAddressZip codePhone number
Reliable Finance Co 132 S Broad St, Monroe, GA 30655 +1 (770) 267 - 2577
Access Loan Company of Alma 135 W 12th St, Alma, GA 31510 +1 (912) 632 - 8050
Western Finance 1264 Big A Rd, Toccoa, GA 30577 +1 (706) 886 - 0457
Bank of LaFayette 101 W Patton St, LaFayette, GA 30728 +1 (706) 638 - 2520
SunTrust Bank 201 Jackson St, Thomson, GA 30824 +1 (706) 843 - 4119
TitleMax Title Pawns 341 Cobb Pkwy N, Marietta, GA 30062 +1 (770) 590 - 5224
First American Title Lending 5345 Jimmy Carter Blvd, Norcross, GA 30093 +1 (770) 446 - 3340
The Heritage Bank 56 E Dame Ave, Homerville, GA 31634 +1 (912) 487 - 5355
Complete Cash 25 W Fain St #202, Blue Ridge, GA 30513 +1 (706) 632 - 8481
Georgia Auto Pawn, Inc. 404 7th St W, Tifton, GA 31794 +1 (229) 386 - 8503

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Morris, GA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gainesville, GA, Emergency Loan in Hinesville, GA, Payday Loans in Kennesaw, GA, Payday Loans in Lagrange, GA, Payday Loans in Mableton, GA, Payday Loans in Macon, GA, Bad Credit Loans in Marietta, GA and Payday Loan for Newnan, 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 Morris, GA.

Are Payday Loans Legal In Morris, 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

Morris, GA payday loan calculator

Understanding Payday Loans in Morris, Georgia

Payday loans are small, short-term loans typically used to cover unexpected expenses or financial emergencies. Payday loans can be found online, at storefront locations or pawn shops and are available to borrowers with little to no credit history or a low credit score.

Payday Loans are Prohibited in Georgia

In Georgia, payday loans are illegal. The Georgia Industrial Loan Act of 1955 ensures that any lender must be licensed, which payday lenders are not. Therefore, it is important for Georgians to understand the fees and charges associated with payday loans.

Why Payday Loans are Prohibited in Georgia

The reasoning behind Georgia’s prohibition on payday lending lies in the exorbitant fees and interest rates that are often charged. These loans are typically due in a single payment within two weeks, with the average borrower taking out eight loans per year which result in exorbitant fees and interest rates.

Alternatives to Payday Loans in Morris, Georgia

Fortunately, there are many alternative options for Morris, Georgia residents to consider when they need to borrow money. These options include:

  • Credit Unions
  • Banks
  • Peer-to-Peer Lending
  • Personal Loans
  • Borrowing from Friends or Family

While these options may not be as readily available or quick to obtain as payday loans, they offer more reasonable interest rates and payment terms along with lower fees.

Interesting facts and statistics about Payday Loans in Morris, Georgia

It is interesting to note that in states where payday lending is prohibited, the number of people seeking assistance from food banks increased by 4% according to a report by the Federal Reserve Bank of New York. Additionally, a 2007 study found that 90% of payday loan borrowers took out eight loans per year, with an interest rate of 400%. The study also found that African American and Hispanic borrowers are more likely to take out payday loans than their white counterparts.

Apply Now

While payday loans are not available in Morris, Georgia, individuals seeking financial assistance can connect with potential lenders through TheGuaranteedLoans website. We are a connector service, not a direct lender. Our goal is to match borrowers with lenders that meet their unique financial needs.

If you are interested in exploring your lending options, simply fill out our online application form to get started. Remember, it is essential to understand the terms and fees associated with any loan before accepting it.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Morris, Georgia?

No, because payday loans are illegal in Morris, Georgia, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Morris, Georgia?

Yes, the state of Georgia has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.