I need one of these, but I cant find any for residents in the state of Georgia..why not? And if anyone knows of any would you let me know.
2007-08-07 08:27:33 · 0 answers · asked by skg20051 2 in Business & Finance ➔ Credit
do not do this!!!!!! Interest is WAY high. You will never get it paid off without paying 100 times what you borrowed.
I am not joking. I honestly found a website where the APR was between 405% to 1460%
If you don't believe me look here:
http://www.soniccash.com/disclose.aspx#
then click on APR disclosure
here's more:
http://www.fastbucks.com/apr_disclosure.asp
http://www.nationalpayday.com/faq.htm
scroll to bottom of page
This is off of wikipedia:
A payday loan or paycheck advance is a small, short-term loan that is intended to cover a borrower's urgent expenses until their next payday. Typical loans are between $100 and $1500, are usually on a 2 week term, and usually have interest rates in the range of 390 percent to 900 percent (annualized). They are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card.
2007-08-07 08:31:28 · answer #1 · answered by logan28 4 · 1⤊ 0⤋
Some states ban payday loans. They ban them because they are bad and they will ruin your financial situation. Not matter how bad you think things are now, they will get worse if you get trapped in the payday loan cycle.
Does Georgia ban them? Yes, according to the state of Georgia.
http://www.georgia.gov/00/article/0,2086,5426814_39039081_39271654,00.html
2007-08-07 08:31:29 · answer #2 · answered by A.Mercer 7 · 1⤊ 0⤋
no. no no no no no no no no!!!!!!
(get the picture?) You do not need any of these predatory lenders. They take advantage of you and you wind up getting into them deeper than loan sharks. I cant believe these flks are alllowed to ply their trades.
Think of some other way to get some $$
2007-08-07 08:30:30 · answer #3 · answered by Shredded Cottage Cheese 6 · 1⤊ 0⤋
A lot of them are fake! Once they get your bank account # to deposit ur "loan" and it goes thru that will allow them to withdraw funds also!
The fraud: They will deposit one cent and if that goes thru ~ they will withdraw everything ($) in the account!
2007-08-07 08:39:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I recommend you to check this site that can solve your doubts FINANCE-SOLUTIONS.INFO
2014-05-11 04:39:10 · answer #5 · answered by Anonymous · 1⤊ 2⤋
Check out, please
2015-12-01 20:43:15 · answer #6 · answered by ? 3 · 2⤊ 0⤋