Payday Loans in Waverly, Georgia

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

Company nameAddressZip codePhone number
Jefferson Pawn & Inc 730 Athens St, Jefferson, GA 30549 +1 (706) 367 - 2034
Entegra Bank 100 Mark Whitfield St Dr, Jasper, GA 30143 +1 (706) 253 - 7070
Regions Bank 136 M.L.K. Jr Dr, Cuthbert, GA 39840 +1 (229) 209 - 1100
Check Into Cash Title Pawn 136 W Belmont Dr Ste 136, Calhoun, GA 30701 +1 (706) 629 - 2614
TitleMax Title Pawns 928 S Park St a, Carrollton, GA 30117 +1 (678) 796 - 9670
SunTrust Mortgage 4 Skidaway Village Square Suite 100, Savannah, GA 31411 +1 (800) 786 - 8787
SunTrust 632 N Main St, Cedartown, GA 30125 +1 (470) 999 - 3013
Georgia Auto Pawn, Inc. 639 Cobb Pkwy N, Marietta, GA 30062 +1 (770) 427 - 8286
1st Franklin Financial 15048 US Hwy 19 South, Thomasville, GA 31757 +1 (229) 236 - 1825
Cash N Go Title Pawn 1382 Big A Rd, Toccoa, GA 30577 +1 (864) 484 - 9071

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Waverly, GA, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Albany, GA, Payday Loans in Alpharetta, GA, Payday Loans in Atlanta, GA, Payday Loans in Columbus, GA, Payday Loans in Dalton, GA, Payday Loans in Douglasville, GA, Payday Loans in Evans, GA and Payday Loans in Gainesville, 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 Waverly, GA.

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

31565

Are Payday Loans Legal In Waverly, 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

Waverly, GA payday loan calculator

Payday Loans in Waverly, Georgia: Understanding the Law and Risks

Payday loans have been in the news for several years now, and for good reason. They are known for their incredibly high-interest rates and the extreme fees that come with them. In this article, we’ll explore the specifics of payday loans in Waverly, Georgia, and what you need to know if you are considering this type of lending.

What Are Payday Loans?

Payday loans are typically small loans that are meant to be paid back within a brief amount of time – usually two weeks to a month. They are used to cover emergency expenses, such as a car repair or utility bill, when the borrower is unable to cover the expenses with their regular income. The loans can range from $100 to $1,500 and are meant to be a temporary solution to a financial bind.

However, unlike other types of loans, payday loans come with incredibly high-interest rates and fees. Because the loans are so short-term, the interest rates can be as high as 400%, which can leave the borrower in an even worse financial situation than before.

Payday Loans in Waverly, Georgia

Payday loans are prohibited in the state of Georgia under the Industrial Loan Act. This act regulates that any loan offered under $3,000 with interest rates of more than 16% are illegal and cannot be enforced. This means that payday loans, as well as other predatory forms of lending, are not available to residents of Waverly, Georgia. This is intended to provide protections for borrowers and to ensure that they are not taken advantage of by lenders who engage in unfair and deceptive practices.

Risks of Payday Loans

Beyond the fact that payday loans are illegal in Georgia, there are numerous risks associated with these types of loans. We’ve already mentioned the high-interest rates – which can send borrowers into a spiral of debt – but there are other risks to be aware of as well.

  • Debt cycle: Because the interest rates are so high, many borrowers find themselves unable to repay the loan in full by the due date. This can lead to the loan being rolled over, with additional fees and interest added on. This can create a cycle of debt that is difficult to escape.
  • Financial hardship: If a borrower is unable to pay back the loan, they may find themselves in financial hardship. This can lead to missed payments on other bills, which can have long-lasting consequences for their credit score and overall financial stability.
  • Privacy concerns: Payday loan lenders often require access to the borrower’s bank account as part of the loan agreement. This can lead to privacy concerns, as well as potential financial risks if the lender engages in fraudulent or illegal activities.

Interesting Facts and Statistics

  • Georgia is one of the 18 states that have prohibited payday lending within their borders.
  • The average payday loan borrower has to take out eight loans to pay off the original amount borrowed.
  • Payday loans cost U.S. households over $4 billion in fees each year.

Apply Now

While payday loans are illegal in Georgia, there are other forms of short-term lending that may be available to you. At TheGuaranteedLoans, we specialize in connecting borrowers with lenders who can offer personal loans, title loans, and other types of lending. Our online application is simple and quick, and we work with a network of reputable lenders to help you get the funds you need. If you are in need of additional funding, visit our website and fill out an application today.

Remember, we are a connector service, not a direct lender. We work to facilitate connections between borrowers and lenders, and we are committed to providing access to responsible lending options.

F.A.Q.

Can I get a payday loan with bad credit in Waverly, Georgia?

No, payday loans are not available in Waverly, Georgia regardless of credit history.

Can I get a payday loan without a checking account in Waverly, Georgia?

No, payday loans are not available in Waverly, Georgia regardless of banking status.