Georgia payday loans

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Georgia payday loans

Here is some information that will help you understand Georgia payday loans better and therefore make better decisions regarding your financial life. Here is our guide.  

Are Georgia payday loans legal?

No, Georgia payday loans are not permitted according to state regulation which was put in place to protect the citizens of Georgia. Florida payday loans were legal until 2004. Despite the illegality of payday loans in Georgia, there are still ways to get money quickly if you are in a financial quagmire. One option that is commonly available is the installment loan as you see below.  

Georgia instalment loans available to you

Even if your credit is not that great it is still possible to get a Georgia installment loan. These are similar to payday loans except the repayment is done through a longer period. Remember that interest rates are still high, so plan accordingly!   OPTIONS  

Georgia title loans

If you are in financial trouble, consider using your car as collateral for a loan in what is called a Georgia title loan. These are high interest as well, so make sure you have a repayment plan so you do not lose your car!  

Georgia payday loans: alternatives

Since Georgia payday loans are not possible, here are some options that you should consider.  

  • Personal loans It is possible to get a personal loan if your credit is average and you have a strong history with your current bank or credit union
  • Credit card There are plenty of credit cards that will accept your application even with bad credit and your interest rates tend to be better than with an installment loan
  • Loans from other States If you recently moved to Georgia but still have residency documentation in your former State you can still apply if payday loans are legal back home.  
  • Side work Be an Uber driver.


Georgia payday loan costs

As long as you repay on time there should be no problems. With that said you have to be aware of the costs that incur with Georgia payday loans.   Beware of fees such as the NSF (non-sufficient funds fee) that will be applied if your check bounces.

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