Many people in the great state of Georgia find they have financial emergencies from time to time. Sudden medical needs, unexpected auto repairs, maybe an appliance quite working, and so on. So, what to do?
Can you get a short term cash loan in Georgie and how does it work?
We simplified the process. Request for your payday loan online in minutes, without driving around, tons of paperwork, and long waits.
Complete our online request. It's quick, easy, and secure.
If you’re accepted you will be connected directly to your lender, usually within 90 seconds or less.
Cash is deposited in your account in as little as 1 business day.
The original loan amount & any fees will be debited from your bank account on the due day.
Only a Georgia licensed loan lender or an out-of-state FDIC insured bank can provide short term loans like payday loans. Loans made by a Georgia industrial loan licensee are subject to the terms and limitations of the Georgia Industrial Loan Act.
Payday lenders require you to furnish a copy of your driver's license, and information about your employment and bank accounts. The loan is usually for a couple of weeks (the time until your next paycheck). The lenders do not perform a credit check, and you write them a post-dated check for the amount you want to borrow plus a fee. The fee is usually a "borrowing" fee and an account set-up fee.
The lenders will then deposit your check after your payday if you have not already paid off the loan. If your bank account cannot cover the amount of the loan, you will then owe the original loan plus added interest. You may also incur overdraft fees from your bank. If you know you cannot pay off the loan in time, you can pay the borrowing fees in order to renew the loan.
The annual percentage rate (APR) for a payday loan often starts over 400 percent! So, be sure you really need the loan before you request one and are accepted. However, keep in mind there are set fees and online payday loans are not intended to be long term loans with annual rates. They are very short (less than a month long) loans that should be paid back on time to avoid any additional fees.
Generally, here are the requirements to request a payday loan in Georgia:
Yes, in fact, this is the smartest way to apply for a payday loan in Georgia and anywhere else. Why? Because you can find a resource like CashOne that will refer you to over 100 lenders at one time increasing your chance to get approved.
Why drive around looking for a licensed lender when you can get to 100+ in a couple of minutes? Bad credit payday loans are available at any time, 24/7.
Simple, go to a trusted resource like CashOne and submit your request. The short one page form is quick, easy and secure and takes 1-3 minutes to complete. After submitting your request, you get an answer in under 2 minutes. And all this can be done from your smartphone!
In Georgia, a licensed lender cannot charge more than 10% interest on a loan of $3,000 or less. Fees may not be considered part of your interest rate. Keep in mind that same day payday loans do not really exist. If approved you receive the cash in your bank account in 1 business day but not the same day.
Consumers can use trusted sources like CashOne for Georgia payday loans. With more than 100 lenders to refer loan requests to, CashOne can better serve those in need of emergency cash. Instead of looking for a storefront, you can simply go online from your smartphone and request a loan in a couple minutes and get an immediate answer.
Many states, like Georgia, have adjusted the laws to protect consumers but still allow them a trusted resource for emergency cash needs.