Can I actually get a payday loan in Atlanta, Georgia? | finder.com
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Compare your loan options in Atlanta, Georgia

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Read about regulations and find a lender in A-Town.

If you’re short on cash, you may be considering a short-term loan. Before you borrow, read up on the laws and the alternatives to find the best option.

Our top pick: LendYou Short-term Loans

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: $1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
  • Simple application
  • Quick decision
  • Bad credit OK

Our top pick: LendYou Short-term Loans

Get offers from potential lenders in minutes by filling out just one online form.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: $1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
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Are payday loans legal in Atlanta?

No, but you could get other types of short-term loans. Georgia payday laws concern the lending of small loans in Atlanta. According to Georgia Codes 16-17-1 et seq. (crimes and offenses), 7-3-14 et seq. (industrial loans) and 80 3-1.02(7) (company rules and regulations), providing payday loans to residents of this state is illegal. In 2004, the state passed a resolution that made payday lending a felony. These laws apply to both storefront and online lenders.

State laws place a small loan annual percentage rate (APR) cap of 16%. Since this is considerably lower than the triple digit APRs that payday lenders usually charge, getting legal payday loans in Atlanta, GA is not really possible. Many borrowers turn to installment loans instead.

Compare short-term loan providers

Installment loans allow you to pay back your loan in fixed payments over a set period of time. There are lenders that offer this type of loan to borrowers with less-than-stellar credit, as long as they meet other eligibility criteria. Installment loans are similar to payday loans in that they have very high interest rates, and therefore risk to consider before you apply.

Updated May 21st, 2019
Name Product Filter Values Max. Loan Amount Loan Term Turnaround Time
$5,000
9 to 36 months
1 business day
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
Varies
1 to 2 business days
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
Varies
1 business day
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
Up to 9 months
As soon as next business day
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$15,000
Varies
1 business day
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
90 days to 72 months
As early as 1 business day
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
Varies by state
1 business day
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

What other borrowing options do I have in Atlanta?

  • Installment loans. You can get an installment loan if you have poor credit history, provided you have a regular source of income. You’ll have to meet some other basic eligibility criteria as well. In order to repay the loan you need to make periodical payments according to a predetermined payment plan.
  • Auto title loans. Getting an auto title loan requires that you use the title of your automobile as collateral to secure the loan. How much you can borrow largely depends on the value of your automobile. Since you’re providing security, you can apply with poor creditworthiness.
  • Credit cards. If you’re planning on making a purchase, you could look into a credit card provider that accepts applicants with low credit scores. Some have an introductory period with low or no-interest.
  • Tribal loans. You may still have the option of getting a payday loan if you go through a tribal lender. Since these lenders are based on tribal land, they are considered a sovereign entity and are able to abide by their own laws.

8 payday loan alternatives to consider if you need cash

What if I can’t get a loan or credit card?

If traditional forms of credit haven’t worked out, or they aren’t right for you, there are some other options. Here are a few you can look into:

  • Borrow from people you know. You may be able to request an advance from your employer, or get a loan from friends or family.
  • Talk with community organizations. Non-profit financial cooperatives and community credit unions may have options for small-amount loans if you meet their eligibility criteria.
  • Talk to your creditors. Ask about arranging a payment plan or getting more time.
  • Local social services. Look into public services for assistance with heating costs, food and housing.
  • Pick up side work. Looking for side jobs, selling things online with a service like eBay or LetGo, or signing up to drive with a company like Uber are some of the many ways people get extra cash when they’re in a bind. It’s a great alternative to getting a loan or credit card because there’s nothing to repay.

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US Payday Loans Offers

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CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

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Check into Cash Payday Loan

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OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

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LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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