Payday Loans in Mount Zion, Georgia

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

Company nameAddressZip codePhone number
Synovus Bank 559 Lakes Blvd, Lake Park, GA 31636 +1 (888) 796 - 6887
Columbus Finance & Income Tax Service 514B S Wall St, Calhoun, GA 30701 +1 (706) 629 - 0506
TitleMax Title Pawns 120 Jefferson St, Newnan, GA 30263 +1 (678) 423 - 4220
United 1st Federal Credit Union 3705 US-84, Blackshear, GA 31516 +1 (912) 449 - 4077
Advance Financial Corporation 3700 Mansell Rd 550, Alpharetta, GA 30022 +1 (404) 256 - 2123
Sterling Finance Company 2100 Roswell Rd #2168, Marietta, GA 30062 +1 (770) 565 - 6322
BB&T - Montezuma Main Branch 118 Walnut St, Montezuma, GA 31063 +1 (478) 472 - 2393
Bank of America with Drive-thru ATM 2001 Baytree Rd, Valdosta, GA 31602 +1 (229) 249 - 5050
Cash Cow 2631 Peach Orchard Rd, Augusta, GA 30906 +1 (706) 798 - 0088
Titlemax 1955 Veterans Blvd, Dublin, GA 31021

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mount Zion, GA, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Marietta, GA, Payday Loans in Newnan, GA, Same Day Loans in Peachtree City, GA, Payday Loans in Redan, GA, Payday Loans in Rome, GA, Payday Loan Companies in Roswell, GA, Payday Loans in Savannah, GA and Payday Loans in Smyrna, 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 Mount Zion, GA.

Beautiful sights of Mount Zion, GA

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

30150

Are Payday Loans Legal In Mount Zion, 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

Mount Zion, GA payday loan calculator

Payday loans are one of the most popular types of short-term loans in the United States. However, it is important to note that payday loans are actually illegal in the state of Georgia, including in the small town of Mount Zion located in Carroll County. In this article, we will discuss why payday loans are illegal in Georgia, how to find alternative financing options, and provide important information on payday loans for individuals who may be considering them.

Why are Payday Loans Illegal in Georgia?

In 2004, the Georgia General Assembly enacted legislation that made payday loans illegal in Georgia. This law was created to protect consumers from high-interest loans that often resulted in financial hardship and debt. The law allows for a small amount of interest to be charged on loans, but payday lenders charge an exorbitant amount of interest on their loans, typically around 400% or higher.

By making payday loans illegal in Georgia, the state has helped to protect its residents from predatory lending practices that often exploit low-income and vulnerable consumers. Instead, the state has offered alternative financing options to help those in need.

Alternative Financing Options in Georgia

Georgia offers a number of alternative financing options that can be used in place of payday loans. Some of these options include:

  • Credit unions – Many credit unions offer short-term loans with interest rates much lower than payday loans. They may also offer financial counseling services to help borrowers manage their finances.
  • Installment loans – Installment loans allow borrowers to repay their loans in smaller, more manageable payments over a longer period of time.
  • Personal loans – Personal loans are also an option for borrowers who need a larger amount of money. However, they typically require a credit check and a longer application process.
  • Government assistance programs – The state of Georgia offers a number of government assistance programs for individuals who are struggling financially. These programs may include food stamps, housing assistance, and temporary cash assistance.

Important Information on Payday Loans

If you are considering a payday loan, it is important to understand the risks and costs associated with this type of loan. Here are some important things to keep in mind:

  • Payday loans often have high-interest rates that can result in significant debt if not repaid on time.
  • Many payday lenders require access to your bank account and may make unauthorized withdrawals that can lead to overdraft fees.
  • If you are unable to repay your payday loan on time, you may be subject to additional fees and penalties that can make it even more difficult to repay the loan.
  • Payday loans are not a long-term solution to financial problems and can often make them worse.

Interesting Facts about Payday Loans in Mount Zion, Georgia

While payday loans are illegal in Georgia, many residents may still be tempted to turn to payday lenders for quick cash. Here are some interesting facts about payday loans in Mount Zion, Georgia:

  • The average interest rate for a payday loan in the United States is 391%.
  • In 2019, Georgia Attorney General Chris Carr took legal action against several payday lenders for operating illegal loan schemes in the state.
  • Payday lenders often target low-income and minority communities, which can perpetuate the cycle of poverty and debt.

Apply Now

At TheGuaranteedLoans, we understand that unexpected expenses can arise and it can be difficult to find the funds to pay for them. That’s why we offer a simple and convenient online application process to help connect individuals with potential lenders. It is important to note that we are not a direct lender, but a connector service that can help match borrowers with lenders who may be able to meet their needs.

If you are in need of a loan and would like to explore your options, visit our website to fill out our easy online application today. Our robust network of reputable lenders can help connect you with the financing you need with fair and manageable terms.

F.A.Q.

What are the alternatives to payday loans in Mount Zion, Georgia?

Consumers in Mount Zion, Georgia can seek out small, short-term loans from credit unions or banks, or can consider using a credit card or personal loan for financial emergencies.

Why are payday loans prohibited in Mount Zion, Georgia?

Payday loans are prohibited in Mount Zion, Georgia due to their high interest rates and fees, which can trap consumers in a cycle of debt.