Payday loan chain appealing ruling

PERRY - A chain of payday loan and check-cashing stores is appealing a state order that it must stop loaning money. <br> <br> Cash In Advance will be allowed to continue making loans while its appeal is pending, said Gina Gassert, a spokeswoman for the insurance commissioner&#39;s office. <br> <br> Insurance Commissioner John Oxendine last month ordered Cash in Advance&#39;s Georgia locations to stop making loans of $3,000 or less. The company has appealed in Turner County Superior Court. <br> <br> Oxendine said the company, which uses the names ``Cash In Advance&#39;&#39; and ``Cash N Advance,&#39;&#39; has no Georgia industrial loan license and has been charging usurious interest rates by selling the phone cards. <br> <br> Chief Executive Officer Jack Griffin said Cash In Advance doesn&#39;t make loans and shouldn&#39;t have to have an industrial loan license.

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