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Legal in GA?

Date: Wed, 01/23/2013 - 10:52
Submitted by on Wed, 01/23/2013 - 10:52
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I was wondering if Spotloan and Great Plains are legal in Georgia? I have a loan with each and I'm behind on payments. I'm not trying to get out of paying them, I am just looking for a way to stop them from calling my house and cell phone alllllllll day long. I don't have the money in my bank account and they are making me so overdrawn with all the bounce fees. I am waiting on my tax refund and gonna catch em up, but I'm still wondering, are they even legal in Ga?


Payday lending is prohibited in the state of Georgia. On top of that, these are illegal lenders. You owe them nothing more than the principal amount that you borrowed. If you have overpaid/ already covered the principal, you do not owe them a cent. In order to deal with them, you need to start by revoking ACH authorization in writing. Send a copy of the letter to your bank and the other to your lenders. You also need to revoke any voluntary wage assignments you might have agreed. Same process, but instead of sending a letter to your bank, send it to the payroll/HR department. Once that is done, send a letter to your lenders politely asking them to bug off. After that, file complaints with the AG and the FTC.


Submitted by Steve Barris on Wed, 01/23/2013 - 19:47

Steve Barris

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