Lenders to Educate Georgian Burrowers

Cash Loan

This is a good initiative from CashAdvance.com, a lender operating since 1997, who will educate burrowers in Georgia regarding cash loans. A law en-forced since 2004 in Georgia has stipulated a maximum 16% rate of interest, maximum $3000 loan amount, loan period between 15 days to 36 months among many regulations, which make it difficult to get small loans. CashAdvance.com claims to educate people to use cash loans as the last resort. Georgia Department of Banking and Finance has already developed an information database. The database also includes the list of licensed lenders. The department also encourages burrowers to file their grievances. Lots of work is already underway to save people from dreadful trap of  payday loans. We absolutely agree with the moral of the story - use it as the last resort.