New Cash Advance Regulations in Georgia
For those of you who are interested in a cash advance in Georgia, you should be aware of the laws and regulations that have been created by the state government. Cash advances are also considered to be payday loans which are short term loans that are paid back with interest over a period of approximately two weeks. In 2004, the state government made it illegal for cash advance payday loans to operate in the state. Georgians would have to look outside of their state if they wanted to get a payday loan for the holidays or any other expense. online cash advances are one of the best ways for people to pay off their expenses when they are struggling to pay their bills between paychecks. There may be certain pitfalls which is why reliable payday lenders offer guidance on the subject so that people who to take out payday loans are completely competent in doing so. The more educated you are on the subject, the more you can benefit from taking out a cash advance online. Although cash advance payday loans are illegal, you can still benefit from borrowing smaller denominations of money which are guided by some of the following laws, set by the state government of Georgia:
- Interest fees for a cash advance cannot exceed 16 percent
- No more than 3,000 dollars can be taken out at one time
- Loans must be paid back anywhere from 15 days to 36 months, which will be stipulated in your contract
We will be able to give you access of up to $500 and your credit does not mean a thing to us. You will receive instant approval with an active bank account, a steady job and proof of your age. You must be 18 or older to qualify. Learn more about payday loans on our site before applying.
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