Payday Loans in Stillmore, Georgia

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

Company nameAddressZip codePhone number
Navy Federal Credit Union 113 Highway 138 W, Stockbridge, GA 30281 +1 (888) 842 - 6328
Cash America Pawn 6811 Tara Blvd, Jonesboro, GA 30236 +1 (770) 603 - 9007
SouthState Bank 575 S Main St, Cleveland, GA 30528 +1 (706) 219 - 1000
AG South Farm Credit ACA 64 Heritage St, Baxley, GA 31513 +1 (912) 367 - 7006
Cash N Go Title Pawn 1382 Big A Rd, Toccoa, GA 30577 +1 (864) 484 - 9071
Community Bank & Trust 365 Habersham County Shopping, Cornelia, GA 30531 +1 (706) 894 - 3500
SunTrust Bank 2035 Mt Zion Rd, Morrow, GA 30260 +1 (678) 632 - 9136
Cheque Pronto - Cambio de Cheques / Title Loan / Money Orders 1630 Pleasant Hill Rd B-16, Duluth, GA 30096 +1 (770) 559 - 0681
Capital City Bank 126 E Broad Ave, Whigham, GA 39897 +1 (229) 762 - 4151
BB&T 207 W College St, Bowdon, GA 30108 +1 (770) 258 - 3306

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Stillmore, GA, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Macon, GA, Payday Loans in Marietta, GA, Guaranteed Loans in Newnan, GA, Payday Loans in Peachtree City, GA, Payday Loans in Redan, GA, Payday Loans in Rome, GA, Payday Loan Without a Credit Check in Roswell, GA and Payday Loan for Savannah, 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 Stillmore, GA.

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

30464

Are Payday Loans Legal In Stillmore, 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

Stillmore, GA payday loan calculator

Understanding Payday Loans in Stillmore, Georgia

Payday loans are short-term, high-interest loans designed to provide quick access to cash for individuals who need it. However, these loans come with risks and should be used with caution. While payday loans are technically illegal in Georgia, some lenders have found a way around the law. In this article, we will explore the ins and outs of payday loans in Stillmore, Georgia, and what you need to know if you are considering taking out a payday loan.

The Ban on Payday Loans in Georgia

In 2004, the Georgia state legislature passed a law prohibiting payday loans in the state. This is because payday loans are often associated with predatory lending practices, trapping borrowers in a cycle of debt. The law makes it illegal for lenders to offer payday loans to Georgia residents, and it also prohibits out-of-state lenders from offering payday loans to Georgia residents online.

What You Need to Know about Payday Loans in Stillmore, Georgia

Despite the ban on payday loans in Georgia, some lenders have found a way around the law. They do this by partnering with banks in other states where payday loans are legal. The lender uses the bank as a front to offer payday loans to Georgia residents online. However, it is important to note that taking out a payday loan from these lenders is still illegal in Georgia, and borrowers could face fines or legal action if caught.

Borrowers in Stillmore, Georgia, should also be aware that any contract they sign with a payday lender is not legally enforceable in the state. This means that if a borrower defaults on a payday loan, the lender cannot take them to court to recover the debt. However, this also means that the borrower cannot take legal action against the lender for any wrongdoing.

The Risks of Payday Loans

Payday loans are considered risky because they come with extremely high-interest rates and fees. According to the Consumer Financial Protection Bureau, the typical payday loan has an APR of around 400%. This means that if you borrow $500, you could end up paying back $1,500 or more.

In addition to high interest rates, payday loans also come with short repayment terms, typically around two weeks. This means that borrowers must pay back the entire loan plus interest and fees in a short amount of time, which can be difficult, if not impossible, for many people.

Finding Alternatives to Payday Loans in Stillmore, Georgia

If you are facing financial hardship and need access to cash, there are alternatives to payday loans that may be a better option. These include:

  • Low-interest personal loans from credit unions or banks
  • Credit counseling services or financial assistance programs
  • Short-term loans from family or friends
  • Selling unused items or finding ways to earn extra income

It is always important to explore all of your options before turning to payday loans, which can lead to a cycle of debt that is difficult to escape.

Interesting Facts and Statistics about Payday Loans in Stillmore, Georgia

  • Georgia is one of 18 states that has banned payday loans. The others are Arkansas, Arizona, Connecticut, the District of Columbia, Maryland, Massachusetts, Montana, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Vermont, West Virginia, and the Virgin Islands.
  • In 2016, the Consumer Financial Protection Bureau issued a report that found that more than 80% of payday loans are rolled over or renewed, trapping borrowers in a cycle of debt.
  • A survey conducted by Pew Charitable Trusts found that the average payday loan borrower spends five months out of the year in debt and pays $520 in fees on average to repeatedly borrow $375.

Apply Now with TheGuaranteedLoans

If you are in need of quick cash and are considering a payday loan, we encourage you to explore all of your options before making a decision. At TheGuaranteedLoans, we are here to help connect you with potential lenders who can provide you with the funds you need. We are a connector service, not a direct lender, and our goal is to facilitate your connection with a lender that meets your needs. Fill out our online application today to get started.

F.A.Q.

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

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

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

Yes, there are federal laws that apply to payday loans in Stillmore, 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.