CashCall.com

Date: Thu, 01/10/2013 - 13:55

Submitted by on Thu, 01/10/2013 - 13:55

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Hello,

I recently call Cashcall and asked them if they were legal to do cash advances in the state of Georgia and they told me "yes" they can do business here. Are they correct?

Total Replies: 4

You will want to do research

You will want to do research from your state website, not federal ones.

Submitted by SOAPLADY on Mon, 01/14/2013 - 05:15

SOAPLADY

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Well, CashCall tries to play along the lines of installment loans and basically go around the small lons/deferred deposit laws of the state. It is always advisable not to do business with CashCall. It would be like playing poker with vultures.

Submitted by Steve Barris on Mon, 01/14/2013 - 01:55

Steve Barris

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As the above posts show, it's

As the above posts show, it's always advisable that you steer clear of cash call as far as possible. Do your own research and get hold of information from the federal government websites.

Submitted by Sanders Patricia on Mon, 01/14/2013 - 04:44

Sanders Patricia

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I would call the number below

I would call the number below and see if they are licensed to lend in Georgia, I am guessing NO!

Here is the info for your state:

Georgia Payday Loan Laws

State Legal Status
Lending of payday loans are prohibited in the State of Georgia.

Interest Rate Cap on Small Loans

16% per year (10% per year discounted + fees)
60% per year criminal usury cap

File your Complaint and get Information

Regulator - Georgia Office of the Commissioner of Insurance
Address - Industrial Loan Division, Two Martin Luther King, Jr. Drive West Tower, Suite 704 Atlanta GA 30334
Phone - (404) 656-2070
Fax - (404) 657-8542
Regulatory Contact - Frank Ogletree Director

Submitted by HelpinAZ on Thu, 01/10/2013 - 14:14

HelpinAZ

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