Payday Loans in Rising Fawn, Georgia

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

Company nameAddressZip codePhone number
Equity Auto Loan 2625 Deans Bridge Rd A, Augusta, GA 30906 +1 (706) 790 - 4331
Georgia Auto Pawn, Inc. 730 Cleveland Ave SW, Atlanta, GA 30315 +1 (404) 761 - 0472
Local Loans & Tax Services 10118 Commerce St #1, Summerville, GA 30747 +1 (706) 857 - 2230
Modern Finance Inc 42 S E Broad St, Metter, GA 30439 +1 (912) 685 - 5754
Ameris Bank 3411 Ernest W Barrett Pkwy NW, Marietta, GA 30064 +1 (678) 569 - 4250
Georgia's Own Credit Union 1705 4th Ave NE, Moultrie, GA 31768 +1 (800) 533 - 2062
TitleMax Title Pawns 301 S Scott St, Bainbridge, GA 39819 +1 (229) 246 - 6231
Barnes Finance 5 E Athens St, Winder, GA 30680 +1 (770) 867 - 4911
Complete Cash 814 Shorter Ave, Rome, GA 30165 +1 (706) 378 - 9777
First Commerce Credit Union 3312 Inner Perimeter Rd, Valdosta, GA 31602 +1 (229) 249 - 7672

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rising Fawn, GA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Roswell, GA, Payday Loans in Savannah, GA, Short-term Loans in Smyrna, GA, Quick Loan in Statesboro, GA, Same Day Loans in Tucker, GA, Guaranteed Loans in Valdosta, GA, Payday Loans in Warner Robins, GA and Payday Loans in Albany, 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 Rising Fawn, GA.

Beautiful sights of Rising Fawn, GA

Are Payday Loans Legal In Rising Fawn, 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

Rising Fawn, GA payday loan calculator

Welcome to TheGuaranteedLoans, your go-to source for all things payday loans, title loans, and personal loans. In this article, we’ll be discussing the topic of Payday loans in Rising Fawn, Georgia.

What Are Payday Loans

A payday loan is a short-term loan that typically must be repaid within a few weeks, or on the borrower’s next paycheck, hence the name. These loans often target people who need quick access to cash and may not have access to traditional loans or credit. Payday loans usually come with high fees and annual percentage rates (APRs), making them a potentially costly way to borrow money.

Payday Loan Laws in Georgia

It is important to note that payday loans are prohibited in the state of Georgia. In 2004, the Georgia Industrial Loan Act (GILA) imposed strict regulations on small-dollar loans, including payday loans, effectively making them illegal. These regulations were designed to protect Georgia’s consumers from predatory lending practices and to encourage the use of traditional lending options.

Enforcing the Law

The Georgia Department of Banking and Finance is responsible for enforcing the state’s laws against predatory lending. The department keeps a comprehensive list of illegal lenders and takes action against companies that violate the law.

Why Are Payday Loans Prohibited in Georgia?

There are several reasons why payday loans are illegal in Georgia. First and foremost, these loans often prey on low-income and financially vulnerable individuals. Payday lenders typically charge extremely high interest rates, leaving borrowers trapped in a cycle of debt. Additionally, payday loans often come with hidden fees and harsh penalty fees for late payments. All these factors combined make payday loans a very bad deal for consumers.

Alternative Options

While payday loans are not an option for Georgia residents, there are other ways to access cash quickly in case of financial emergencies. Here are some alternatives:

  • Credit Unions: Many credit unions offer small-dollar loans that are specifically designed to help members who are in need of quick cash. These loans often come with lower interest rates and more flexible repayment terms than payday loans.
  • Short-term Installment Loans: Some online lenders offer short-term installment loans that can be repaid over a period of several months. These loans often come with lower interest rates than payday loans and can be a good option for borrowers with bad credit.
  • Personal Loans: Personal loans are longer-term loans that come with lower interest rates and more favorable terms than payday loans. However, they may require a good credit score to qualify.

Facts and Statistics

Despite the fact that payday loans are prohibited in Georgia, many borrowers still turn to these loans as a last resort. According to a 2019 report by the Georgia Budget and Policy Institute, Georgia residents pay over $154 million in payday loan fees each year. Additionally, the report found that payday lenders disproportionately target communities of color and low-income areas.

Apply Now

If you are in need of cash and live in Georgia, we encourage you to explore alternative lending options such as those mentioned above. However, if you decide that a payday loan is the best option for you, please keep in mind that these loans are illegal in Georgia. TheGuaranteedLoans is a connector service that can help connect you with potential lenders, but we do not condone predatory lending practices or promote illegal activity.

Thank you for reading, and please feel free to explore our website for more information on payday loans, title loans, and other lending options.

F.A.Q.

Are payday loans legal in Rising Fawn, Georgia?

No, payday loans are not legal in Rising Fawn, Georgia. In fact, the state has some of the strictest laws in the country when it comes to payday lending, and it is one of only a few states that completely prohibits the practice.

What are the consequences of taking out a payday loan in Rising Fawn, Georgia?

Taking out a payday loan in Rising Fawn, Georgia is illegal, and violators can face significant penalties, including fines, jail time, and the revocation of their business license.