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Online payday lenders under scrutiny in Georgia

The other day, Georgia Attorney General Sam Olens sued a few payday lenders, wanting to stop the lenders from working into their state. Right Here in Georgia, it really is illegal to help make pay day loans under the payday Lending Act.

The firms which were sued aren’t certified to provide loans in Georgia, but are presumably providing payday advances over the world wide web to Georgia residents.

Pay day loans can be extremely burdensome for customers.

Lenders targeted in this lawsuit evidently connect interest levels because high as 340 per cent to loans. Continue lendo