Payday Loans in Cove City, North Carolina

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No payday loan companies in Cove City, NC. Consider companies in other cities:

Company nameAddressZip codePhone number
First National Bank 1103 Harvey Point Rd, Hertford, NC 27944 +1 (252) 426 - 3839
Fifth Third Bank & ATM 14 S Main St, Marion, NC 28752 +1 (828) 659 - 2121
Smokefoot Trade & Loan 138 N Sterling St, Morganton, NC 28655 +1 (828) 438 - 9397
Bank of America with Drive-thru services 1726 Country Club Rd, Jacksonville, NC 28546 +1 (910) 355 - 4238
TD Bank 15280 US-17 N, Hampstead, NC 28443 +1 (910) 270 - 2110
Woodforest National Bank 1226 E Dixie Dr, Asheboro, NC 27203 +1 (336) 625 - 1239
BB&T 209 N Main St, Lexington, NC 27292 +1 (336) 248 - 8000
Skyline National Bank 98 S Grayson St, Sparta, NC 28675 +1 (336) 372 - 2811
Fifth Third Bank & ATM 406 S Main St, Sparta, NC 28675 +1 (336) 372 - 5631
First Bank - Lillington, NC 1000 S Main St, Lillington, NC 27546 +1 (910) 814 - 3600

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cove City, NC, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Matthews, NC, Payday Loans in Monroe, NC, Short-term Loans in Mooresville, NC, Bad Credit Loans in Raleigh, NC, Short-term Loans in Rocky Mount, NC, Payday Loan Companies in Salisbury, NC, No Credit Check Loans in Wake Forest, NC and No Credit Check Loans in Wilmington, NC. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Cove City, NC.

Beautiful sights of Cove City, NC

Payday Loans Available in Cove City, NC By The Following ZIP Codes:

28523

Are Payday Loans Legal In Cove City, North Carolina?

Payday Lending is Prohibited in North Carolina

North Carolina Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Cove City, NC payday loan calculator

The Truth About Payday Loans in Cove City, North Carolina

If you live in Cove City, North Carolina, you may struggle financially sometimes. Whether it’s unexpected bills, medical expenses, or emergency car repairs, everyone can encounter unexpected expenses. While payday loans might seem like an easy way to come up with cash when you’re strapped for cash, it’s important to understand that payday loans are illegal in North Carolina. Read on to learn more about why they’re illegal and what alternatives are available to you.

What Are Payday Loans?

Payday loans are short-term loans that typically range from $50 to $1,000. These loans are usually due on the borrower’s next payday, which is typically within two weeks. To qualify for a payday loan, the borrower needs to provide proof of income, a checking account, and a postdated check or an authorization to withdraw funds from their account.

Payday Loans Are Illegal in North Carolina

Payday loans are prohibited in North Carolina. The state’s payday lending laws expired in 2001 and were not renewed. Payday lending is a form of predatory lending that targets individuals who are in need of financial assistance. The fees and interest rates associated with payday loans can be excessive and can trap borrowers in a cycle of debt.

Alternatives to Payday Loans

If you need cash in a hurry, there are other options available to you. Here are some alternatives to payday loans:

  • Credit Union Loans: Credit unions offer loans with lower interest rates and fees than payday loans. If you’re not a member of a credit union, you can join one by opening a savings account and meeting the membership requirements.
  • Personal Loans: Personal loans from traditional banks and online lenders can also be an option. These loans are usually unsecured, meaning you don’t need to put up collateral like your car or house. Interest rates and fees vary depending on the lender, so it’s important to compare offers.
  • Credit Counseling: Credit counseling agencies can provide you with guidance on how to manage your finances and create a budget. They can also negotiate with your creditors on your behalf to reduce your interest rates and fees.
  • Emergency Assistance Programs: If you’re in a financial emergency and need assistance with rent, utilities, or other bills, there are programs available to help. Contact your local Department of Social Services to learn more.

Interesting Facts and Statistics

– In 2015, the North Carolina Attorney General’s office received 269 complaints about payday loans.
– The average interest rate for a payday loan in North Carolina was 322% in 2015.
– Over 80% of payday loans in North Carolina are rollovers or renewals, indicating that borrowers have a hard time paying them back on time.

Apply Now

If you’re in need of financial assistance, TheGuaranteedLoans is here to help you connect with potential lenders. While we are not a direct lender, we are a connector service that can help you find loans from trusted lenders. To get started, simply fill out an online application on our website. Our process is quick and easy, and we ensure your information remains safe and secure.

Final Thoughts

While it may be tempting to take out a payday loan when you’re strapped for cash, it’s important to understand that they’re illegal in North Carolina. With alternatives like credit union loans, personal loans, credit counseling, and emergency assistance programs available, you’re sure to find the financial assistance you need without falling into a cycle of debt. And remember, if you need help finding a lender, TheGuaranteedLoans is here to help.

F.A.Q.

Can I be sued for defaulting on a payday loan in Cove City, North Carolina?

No, you cannot be sued for defaulting on a payday loan in Cove City, North Carolina because these loans are illegal in the state.

Can a payday loan be included in a bankruptcy filing in Cove City, North Carolina?

No, a payday loan cannot be included in a bankruptcy filing in Cove City, North Carolina because these loans are illegal in the state.