Installment Loans in Georgia

At 1F Cash Advance, Georgians can borrow up to $5,000 online and repay it over as long as 36 months. We offer a lifeline for borrowers with credit difficulties who may have trouble qualifying for loans from traditional lenders.

What About Payday Loans in Georgia?

Payday lending has been prohibited in the state since 2004. It is illegal unless the loans meet specific requirements and are made by a lender licensed by Georgia’s Department of Banking and Finance. There are currently no operating payday loan companies in Georgia. These strict regulations protect residents from high costs, short repayment terms, and debt cycles associated with payday loans.

Emergency Loan Options

If you need quick money to handle unforeseen expenses, there are a few alternatives to payday loans in GA.

Installment Loans

An installment loan is a flexible financial solution that allows you to borrow money in one lump sum and split the cost over several months. At 1F Cash Advance, we offer installment loans of up to $5,000 with a maximum term of 24 months. You can use them for medical bills, car repairs, minor home improvements, or other unexpected expenses.

Personal Loans

A personal loan provides long-term financing for major purchases and big life projects. You can typically borrow up to $50,000 for 12 to 84 months. Interest rates usually range from 5.99% to 35.99%. Personal loans in Georgia require good credit and a steady income to qualify.

Credit Union Loans

Loans offered by federal credit unions are often cheaper than bank loans due to their not-for-profit nature. CUs may also offer payday alternative loans designed for members who need money fast. With their help, you can get up to $1,000 and repay the funds in 1 to 6 months. The interest rate is capped at 28%. CU membership is needed to qualify.

Lines of Credit

Lines of credit are flexible products designed for ongoing needs or projects with uncertain final costs. They allow you to withdraw money as needed within a set limit and only pay interest on what you actually use.

What Does 1F Cash Advance Offer

1F Cash Advance offers installment and personal loans in Georgia to help borrowers with credit issues access the money they need to cover emergency expenses. With us, you can borrow up to $5,000 and repay the money within up to 24 months. This flexibility allows you to manage unexpected costs while keeping your monthly payments affordable.

Rates and Terms

Online loans of $3,000 or less with terms up to 36 months have a maximum interest rate of 10%. Georgia installment loans of up to $5,000 with a maximum repayment period of 24 months have APRs between 5.99% and 35.99%. Additional fees may include a service fee and origination fees.

In-store rates License

Here are cost examples:

What Do You Need to Qualify

You only need to provide a few items:

• Valid government-issued ID
• Social Security Number
• Recent pay stubs or other proof of income
• Proof of Georgia address
• Active bank account information
• Valid email and phone number

Find 1F Cash Advance in Georgia

1F Cash Advance provides financial assistance both online and in-store. Come visit our Georgia store if you’re looking for a personalized approach or need expert advice from our professional team.

Not in Georgia? We have locations across the US. Head to our location page to find a 1F Cash Advance store in your state.

Why Choose 1F Cash Advance

1F Cash Advance is a trusted lending company offering fast and reliable loan solutions for your emergency needs. Here’s what sets us apart:

Ways to Avoid Relying on Payday Loans

High-cost loans often become the only solution for many due to the lack of budgeting and planning. At 1F Cash Advance, we stand guard over your financial health and future. Here are a few strategies to steer clear of payday loan debt, even when emergencies arise:

Create a realistic budget

Budgeting is key, since it allows you to take control of your finances. It gives you a realistic picture of what you earn vs where your money is going. Start by listing all your income sources and tracking your expenses over one or two months. Then, find areas where you can cut back. Choose a budgeting strategy that fits your current situation and financial goals.

Build savings

By creating an emergency fund, you will always have money to tap into without the need to obtain a payday loan. Even if you start small, the amounts you save add up quickly, creating a safety net for future unexpected expenses and urgent needs.

Limit your credit card spending

Only use one credit card and do not turn to it until it’s absolutely necessary. Set a specific limit on monthly credit card spending to ensure your bill payment will be within your means.

Compare borrowing options

People often turn to payday loans as they think they are the only solution for those overlooked by banks. However, there are multiple options available, even to borrowers with less-than-perfect scores. Review other products, compare their terms, and choose a loan offer with lower costs and more flexibility.

Protect your account from overdraft fees

Contact your bank and ask for overdraft protection options. These services allow you to link your savings account or line of credit to your primary checking account to automatically transfer the funds to it in case of transactions that exceed your balance. This way, you will cover small shortfalls between what you spent and what was in your account without involving high overdraft fees.

Communicate with creditors and service providers

Sometimes, lenders, utility companies, or medical clinics may be eager to help you handle your obligations by establishing a flexible payment plan. This option may come with no extra interest.

Seek credit counseling

A professional credit counselor will help you create a realistic financial plan that aligns with your current goals. They also negotiate with lenders on your behalf to ask for loan deferment or a change in the loan terms.