Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
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You might be considering a payday loan as a way to get a small loan fast if you’re low on funds and don’t have the best of credit. This guide focuses on the legality of payday loans in Augusta, GA, while also exploring alternative options.
Georgia Codes 16-17-1 et seq, 7-3-14 et seq. and 80 3-1.02(7) surround crimes and offences, industrial loans, and company rules and regulations, respectively. They have stipulations in place which make payday lending illegal in the entire state of Georgia. As a result, payday loans in Augusta are illegal.
State laws can make a big difference to whether or not you can get a legal payday loan. For example, since payday lending is legal in South Carolina, you can get payday loans in North Augusta, SC. All that separates Augusta, GA and North Augusta, SC is a state border.
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.
Short term, auto title and personal loans might be a bust, but there are other options out there. Some you may have tried, but all may be worth looking into:
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A lender who primarily offers loans to underserved small business owners.
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Secured loans — but no information online about interest or other fees.
This lender is transparent about fees — but still a risky choice.
This connection service is transparent about rates — but asks for lots of personal information before you know where it’s going.
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