Easier Procurement of Payday Loan Guaranteed Acceptance
Many companies in Georgia have gained incredible popularity through their service that gives maximum ease in getting no fax payday loans. However, the unregistered and unlicensed money lender boom in the state has made it worse to the borrowers. The state government has taken special measures to protect the consumers from possible disastrous loan repayment burden. The government has announced that the unlicensed lending agencies are illegal and to become legitimate they should be licensed and registered under the local BBB.
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The maximum interest rate is fixed at 8% on payday loans. Each of the lending agencies should avoid tie ups with out-of-state bank and should be transparent on their net APR imposed on the loans. This is to expose the hidden cost on the loans if there is any. The government has established consumer grievances redressal systems to solve out any consumer complaint regarding payday loans. However, no fax payday loans still carries the highest interest rate in Georgia. more