Georgia Cash Advance Law and Legislation. Payday financing is forbidden in Georgia

Georgia Cash Advance Law and Legislation. Payday financing is forbidden in Georgia

Payday financing is forbidden in Georgia.

Georgia place an end to payday lending practices in their state in 2004 whenever it put a 10% APR limit on tiny loans. Currently, there are not any payday lenders in Georgia. More over, predatory high-cost lending is considered a felony right right here, and for that reason, may be criminally prosecuted. Continue reading “Georgia Cash Advance Law and Legislation. Payday financing is forbidden in Georgia”