Sometimes there just isn’t enough money left at the end of the week to get all the bills taken care of. Between credit card payments, car loans, and necessities like utilities and food, it adds up quickly. Factor in an unexpected financial burden like car trouble, a medical bill, or an expected job layoff, and sometimes your finances just can’t keep up.
While payday loans in Georgia or South Carolina may seem like a solution to get you through your financial hardship, it's important to be aware that these types of loans can take advantage of those who need help and more often than not, make their financial situations worse.
When you need help getting by, it's important you turn to a lender you can trust to give you the best financial advice for you to succeed versus deceit that results in accumulating more debt.
Payday loans are typically short term loans with a high interest rate that can actually be as excessive as 400 percent! They're generally given for $500 or less and are due to be paid in full on your next scheduled payday.
Payday loans in Georgia, South Carolina, and around the country, do not have the best reputation. In fact, some state's laws don't allow payday loans at all. In other situations, payday lenders choose not to operate in certain states because they refuse to conduct business using the lower interest rates authorized by the state’s attorney general.
The states that do permit these often predatory loans can be found at local storefronts or online. These states do require that the cost of the loan, fees, and the maximum loan amount be capped, meaning there is no maximum dollar limit.
And while there is interest in payday loans in Georgia and South Carolina, it's important to learn the risks and look for better, more affordable loan options.
If you are searching for a payday loan in Georgia or South Carolina, please take the time to consider the safer loan alternatives Peach State has to offer.
A trustworthy lender like Peach State is committed to its local community and is designated as a CDFI, which means that Peach State is certified by the U.S. Department of the Treasury as a Community Development Financial Institution as an organization that supports those in underserved communities.
This means Peach State is a trusted community lender dedicated to delivering responsible, affordable lending to help people and those in underserved communities achieve financial success. No matter where you are on your financial journey, Peach State is here to help.
When it comes to getting a loan, Peach State has a variety of lending solutions to help you reach your financial goals.
If you have been denied access to a Checking Account and it's preventing you from doing business with a trusted local lender, you may have negative information in your credit report that's hindering your efforts.
This can be especially true if you've had a Checking Account in the past and made some of these mistakes, which can cause you to be denied the opportunity to open a Checking Account with your trusted local lender.
The key to getting back on track is to take control of the situation and start working hard to correct or resolve any mistakes.
Second Chance Bank Accounts – If you're not able to secure a loan due to the lack of an established relationship, Fresh Start Checking may be a great second chance at starting over. This Checking Account helps you rebuild your finances, improve your record, and gets you back on track for success.
No matter what your financial situation, Peach State is here to help you achieve success. Even if our Personal Loan or Share Secured Loan options are not a perfect fit for your current needs, we offer trusted advice, money management resources, financial education, and budgeting tools to help keep your finances and goals moving in the right direction in our Resource Center.
Members also have access to debt and budget counseling, credit report reviews, rental and homeownership coaching, and BalanceTrack where you can learn the basics of personal finance with online education modules.