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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Trying to figure out if an Atlanta payday loan is right for you? Check out this guide before you apply.

If you’re short on cash and looking to borrow a small amount, you may be considering a payday loan. This guide takes you through the legality of Atlanta payday lending, as well as alternative options.

LendYou Short-term Loans

For fast cash: LendYou

Find a lender that offers cash advances between $100 and $15,000.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Must have regular income of $1,000/month and be a US citizen or permanent resident
  • No collateral needed
  • Bad credit is OK

    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 offences), 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.

    Installment loans you could apply for today

    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.

    Rates last updated December 18th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Term of Loan Turnaround Time Max. Loan Amount
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    9 to 36 months
    1 business day
    $5,000
    Jora Installment Loans
    Installment loans with repayment terms up to 30 months, depending on your state.
    4–30 months, varies by state
    1–2 days
    $2,600
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    90 days to 72 months
    As early as 1 business day
    $10,000
    Blue Trust Loans Installment Loans
    Get an installment loan from an online tribal lender. Perks for returning borrowers.
    6 months
    As soon as next business day
    $2,000
    LendYou Short-term Loans
    Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
    Varies
    1 business day
    $15,000
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    1 business day
    Varies by state
    Slam Dunk Loans
    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
    Varies by lender
    As soon as next business day
    $2,500

    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.

    Picture: Shutterstock

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    US Payday Loans Offers

    Important Information*
    CashNetUSA Loan

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

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

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

    LendYou Short-term Loans

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

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