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Online payday lenders under scrutiny in Georgia

Online payday lenders under scrutiny in Georgia

The businesses which were sued are not certified to provide loans in Georgia, but are presumably providing payday advances over cyberspace to Georgia residents.

Payday advances are quite difficult for customers.

Lenders targeted in this lawsuit evidently connect interest levels because high as 340 per cent to loans. In accordance with Olens, this means if your individual borrowed $2,600, she or he could wind up repaying the lending company up to $14,000.