Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Georgia payday loan companies may have free access to your bank account
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August 19, 2005
Georgia payday loan companies may have free access to your bank account
Payday loan shops found a loophole in a new Georgia law. This law is for consumer protection when getting payday loans.
The loophole allows a basically unrestricted access to consumer's bank account. A payday loan company can therefore withdraw money practically at will.
Governor Barnes wants a restraining order against payday loan shops.
Posted in Payday Loans at August 19, 2005 03:49 PM
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