Same Day Payday
samedaypayday.com
Online only company
No physical address
Same Day Payday, while working with all 50 states, fully understands the laws that are in place in Georgia and can help match you with a lender willing to hook you up with a loan there. Georgia has very strict regulations regarding payday loans and the typical check holding type simply isn’t available in physical offices like it is in most states. The only option for Georgia residents is to go online and find a company such as this one that has legal alternatives for you.
What They Offer
Same Day Payday features an easy to complete application process that will determine whether or not you qualify for a loan. Next you’ll be connected with a lender willing to work with you based on your income, how long you’ve been employed and other factors.
Since Georgia doesn’t allow normal payday loans, you’ll probably be able to select from different options such as a pre-paid debit card, direct bank account deductions or a title loan if you prefer that option. The debit card option will allow you to receive a debit card in the mail that already has all the lender’s fees deducted from it. You will either pay this back in small increments by depositing funds each payday into the debit card account or pay it back in full on the due date.
Bank account deductions work very similarly to normal check holding loans but you will have to double check with the lender to confirm this is available in Georgia. Title loans allow you to borrow money against the title of your vehicle.
Where They Are Located
Same Day Payday is operated completely online so doesn’t have an office in Georgia and probably not in any other states. They work as a middleman and connect you with a lender that is able to meet your needs as adequately as possible. One convenient aspect of online companies is that you can work with them no matter where you are at any given time.
This can be very convenient if you live in a low population area, in the country or are simply traveling through the state on vacation.
Rates/Terms
The rates and terms you’ll be subjected to will change with each lender you consider. The state of Georgia has regulations stating you can’t pay more than $45 in fees in addition to 15% of your total loan amount but since you will probably be using an out of state lender, these terms may not fully apply.
Additional Info
When using Same Day Payday or similar companies, take the time to ask their customer service representatives as many questions as you can until the loan terms are completely clear to you. You don’t want to end up paying large interest rates or paying fees you didn’t realize are there. This company researches all lenders before they add them to their database so they should all be legitimate but take the time to double check before giving out your personal information.
