Payday Loans in Columbus GA
An OppLoans Guide to Getting The Help You Need


If you’re looking for a city with southern hospitality and plenty to do, look no further than Columbus, Georgia. You can go rafting on the Chattahoochee River, explore the Columbus Riverwalk, or chow down at one of the city’s many delicious eateries.

But Columbus is also like any other working city in America, with a sizeable population that struggles to make ends meet. While the rate of poverty in Columbus is 27 percent, the amount of children living below the poverty line is even higher at 34 percent.[1] If you live in Columbus and you’re finding it difficult to make ends meet, you are not alone; and there are local resources out there that can provide you with financial assistance when you need it most.

However, there are also businesses and lenders out there who will want to take advantage of you. If you decide to take out any form of a loan in Columbus, you’ll want to do all your research first and make the most informed, responsible decision you can. Get the facts first and make the right decision for you.

Borrowing Money in Columbus

If you’re in the market for some quick cash in Columbus, it’s extremely important that you know what to watch out for. There are many storefront and online loan companies out there that take advantage of people in need through their high-cost, dangerous loans. These predatory lenders will likely only sink you deeper into debt. Make sure you learn about payday loans, title loans and pawn shop loans before you commit to one in Columbus.

Payday Loans in Columbus
Dangerous, costly, definitely not worth it.

When you need money right away, payday loans offer what appears to be a quick solution.  But appearances can be deceiving. In fact, these loans often leave the borrower in more financial trouble than they were in when they started. These loans are actually illegal in Columbus, but many disreputable lenders are finding their way around the law.

With a payday loan, the borrower takes out a small amount of cash, usually not larger than $500, for an average period of only two weeks. While they are designed to be paid back quickly, oftentimes on the borrower’s next payday, they also come with high-interest rates than can make them very hard to pay back on time. These rates can be as high as 700%.

If the borrower can’t pay back the original loan, lenders can roll it over. This means that the borrower pays back only the interest due on the loan in return for getting an extended repayment term. However, this also means a fresh set of interest charges on the loan. It is all too easy for a payday loan borrower to keep rolling their loan over, paying lots of money towards the loan without ever getting closer to paying it off. This is why payday loans are usually referred to as “predatory loans.”

In Georgia, the Georgia Industrial Loan Act of 1955 prohibits payday loans, but that doesn’t stop companies from handing them out.[2] Despite being prohibited, payday loans in Georgia are not regulated as well as they should be.

If you live in Columbus and feel you were mistreated by a payday lender, you can call the Georgia Office of the Commissioner of Insurance at 404-656-2070

Personal Installment Loans in Columbus
A safe and strategic alternative to predatory lenders.

If you’ve had credit trouble in the past, you may have a tough time getting a loan from a traditional bank. Bad credit can force borrowers into payday, title, and pawns shop loans that can leave them worse of off than when they started.

But that doesn’t have to happen. Personal installment loans have longer terms and lower rates than payday and title loans. Plus, you won’t risk losing your personal belongings either. If you need money now, a personal installment loan is a better, safer, more responsible alternative to high-cost predatory lenders.

OppLoans offers personal installment loans up to 5,000 and always strives to deliver fast, flexible, fair and five-star service:

  • Fast: Apply online and find out if you’re approved in minutes. Once approved you can get your cash as early as the next business day.
  • Flexible: We offer longer terms, larger loans, and affordable, fixed payments. Your monthly payment will be the same throughout the life of the loan.
  • Five-Star: Customers rate us 4.9 out of 5 stars for our friendly service. We also provide discounts for credit education.

Call OppLoans at 1-(800) 990-9130 today to speak with our friendly Loan Advocates and discuss the most efficient way to get money into your account as soon as the next business day!

More Resources:

See more local Georgia guides below:
Atlanta | Augusta | Columbus | Macon

References:

  1. “Poverty Rates in Columbus-GA” City-Data.com. Accessed August 8, 2016. https://www.city-data.com/poverty/poverty-Columbus-Georgia.html.
  2. “Payday Loans” Georgia Department of Law Consumer Protection Unit. Accessed August 8, 2016. https://www.consumer.ga.gov/consumer-topics/payday-loans.
  3. “State Law Term Chart – Georgia” Consumerfed.org. Accessed August 8, 2016. https://www.consumerfed.org/pdfs/Resources.CTL.StateLawTermChart12.2.12.pdf.
  4. “Pawn Shops and Title Pawn” Consumerfed.org. Accessed August 8, 2016. https://www.consumerfed.org/pdfs/Resources.CTL.StateLawTermChart12.2.12.pdf.

*OppLoans is not affiliated with any of the programs, services or organizations referenced on this page.