GA Attorney General sues over illegal payday loans

InCongress passed a law capping the annualized rate at 36 percent that lenders could charge members of the military. Use common sense guys! The expiration of the law caused many payday loan companies to shut down their Arizona operations, notably Advance America. Debt Sale And Assignment July 14, Payday loans by country.

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Georgia Payday Loan (GA), Georgia Payday Loans (GA), Georgia Loans (GA) A typical payday loan involves taking a check and holding it for some brief period of time until payday, then depositing it or requiring repayment of the loan plus a fee or interest. Payday lending is illegal in Payday loans are considered predatory because they target people with low incomes and bad credit. Because of this and the high interest rates, payday loans have been illegal in Georgia for over a century under usury

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