Georgia payday loans

Compare your loan options in Georgia

Are you thinking about getting a payday loan in Georgia? Here’s the information you need.

If you’re looking to get some fast cash, and only need to borrow a small amount of money, you may be considering a payday loan. Read through this guide on payday lending if you live in Georgia.

Are payday loans legal in Georgia?

No. Payday lending is illegal in Georgia, as per state laws 16-17-1 et seq. (surrounding crimes and offenses), 7-3-14 et seq. (surrounding industrial loans) and 80 3-1.02(7) (surrounding company rules and regulations). This is due to the high interest rates and the frequency of people defaulting on their loans.

While state laws have prohibited payday lending in this state for over a century, payday loan companies in Georgia continued to operate freely until a 2004 legislation made payday lending a felony.

Despite payday loans no longer being legal, there are still ways to get quick cash in Georgia should you find yourself in need. Keep in mind that if you choose to apply for any kind of loan or line of credit, it’s very important read all the paperwork (including all the fine print) before signing anything. It’s also a good idea to have a solid plan to pay back your loan so that you don’t find yourself needing to borrow more money to repay debt.
The hidden consequences of payday loans

Installment loans you can get

You can consider getting an installment loan if you have poor or bad creditworthiness. As the name suggests, you have to repay this loan in installments over a set time period. Keep in mind that the interest rates will be high so you face similar risks to those of getting a payday loan.

Rates last updated June 25th, 2017
Max. Loan Amount Term of Loan Turnaround Time Costs
OppLoans Installment Loans
Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
$5,000 9 to 24 months 1 business day Depends on state of residency. Go to site More
NetCredit Installment Loan
Build a positive credit history with on-time payments through flexible repayment options that include credit card and money transfer.
$10,000 Varies upon state 1 business day Total costs will vary based on your state and credit score. Go to site More
Check City Installment Loan
Even if you have poor credit, apply with this short term loan specialist offering quick disbursement and referral rewards.
$2,500 Varies Next Day Depends on state of residency. Go to site More
RISE Credit Installment Loans
Borrow only the funds you need with a flexible repayment schedule.
$5,000 Varied by state Next business day Varies depending on the amount and your state of residency. Go to site More
MoneyKey Installment Loan
Apply for an Installment Loan between $200 to $2,600, or to other loan products and receive your funds as quickly as one business day.
$2,600 Varies by state 1 business day* Varies by state of residency Go to site More
Cash Central Installment Loan
Pay monthly or biweekly over six to 24 months with lower APRs over your typical payday loan.
$5,000 6 to 24 months Overnight Depend on state specific laws as well as the amount of money you borrow. More
Blue Trust Loans Installment Loans
These loans act as an alternative to payday loans, and you don’t have to make payments in one large lump sum.
$1,250 6 months Quick approval APR varies More

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Auto title loans you can get

If you have a car or a motorcycle with a clear title you can consider pawning it to get some money. In this case, the title of your vehicle works in securing the loan. Since you’re providing collateral, good creditworthiness is not a requirement. Title loans also carry very high interest and if you default on your loan, you will lose your vehicle. This is why auto title loans are illegal in many states.

What other options do you have for a loan in Georgia?

While getting a payday loan in Georgia is not possible, you can think about getting credit or cash in other ways. Some of your options include:

  • Personal loans. To apply for a Georgia personal loan through a standalone lender or a bank you should ideally have fair to good creditworthiness, but you have some options even if you don’t. The interest such loans attract is typically lower than what you’d have to pay towards an installment loan or an auto title loan, and the payments may be more flexible.
  • Apply for a credit card. Whether you have good or bad creditworthiness, there is a huge selection of credit cards worth considering if you need extra money. Credit cards also have more reasonable payments and lower interest rates.
  • Payday loans from other states. If you’re in Georgia temporarily but are normally a resident of a state where payday loans are legal, you can consider applying for an online payday loan. To do this you’ll have to provide documented evidence of your residence in another state. Also make sure the lender is backed by the OLA or similar.
  • 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 is nothing to repay.

Find out your credit score here

What are the typical costs of a loan in Georgia?

No matter what kind of credit you get, you will have to repay the amount you borrow along with the interest it attracts and applicable fees. Several factors impact the interest you have to pay. These include your creditworthiness, the amount you wish to borrow and the desired loan term, as well as the lender you choose. The type of credit you seek also affects the interest. For example, a credit card cash advance will typically attract higher interest than a personal loan.

The fees you have to pay depend on the type of credit you’re seeking as well as the lender you work with. Some of the fees you may have to pay include application fees, loan disbursement fees, loan settlement fees, late payment fees, and early repayment fees.

Have any more questions about Georgia payday loans?

If you have poor or bad creditworthiness, you can consider applying for an installment loan or an auto title pawn.

If your identification documents show you to be a resident of a state other than Georgia, and if payday loans are legal in your home state, you can consider applying for a payday loan online through a payday lender in your home state.

You’ll have to provide your name and contact information, a valid form of ID and employment and income information.

Where are payday loans available?

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2 Responses to Compare your loan options in Georgia

  1. Default Gravatar
    Karol | June 8, 2017

    How does Spotloan work?

    • Staff
      Jason | June 16, 2017

      Hi Karol,

      Thank you for your inquiry.

      You can select your loan amount & repayment terms then apply for loan online through their homepage and get the loaned cash in your bank account with Spotloan. Please check out this link for more details on how Spotloan installment loan works.

      Kind regards,

US Payday Loans Offers

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LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

OppLoans Installment Loans

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Check into Cash Payday Loan

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

Check City Payday Loan

Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.