Payday Loans in Crossnore, North Carolina

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

Company nameAddressZip codePhone number
Basic Finance 4664 NC-90, Hiddenite, NC 28636 +1 (828) 632 - 3767
State Employees' Credit Union 601 Gregory Ave, Snow Hill, NC 28580 +1 (252) 747 - 7000
SunTrust ATM 420 S Salisbury Ave, Spencer, NC 28159 +1 (704) 212 - 2121
Century Finance Inc 453 Sunset Ave, Rocky Mount, NC 27804 +1 (252) 977 - 7889
Jackson Hewitt Tax Service 1415 Sunset Ave, Clinton, NC 28328 +1 (910) 592 - 5041
First Bank - Asheboro, NC 335 S Fayetteville St, Asheboro, NC 27203 +1 (336) 328 - 0735
Woodforest National Bank 250 Turner Street, Aberdeen, NC 28315 +1 (910) 692 - 2340
State Employees' Credit Union 210 N Park Rd, Wadesboro, NC 28170 +1 (704) 695 - 1171
East 70 Pawn 3317 US-70, New Bern, NC 28560 +1 (252) 633 - 1129
Bank of America with Drive-thru ATM 124 Hendersonville Rd, Asheville, NC 28803 +1 (828) 251 - 8233

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Crossnore, NC, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Mooresville, NC, No Credit Check Loans in Raleigh, NC, Payday Loans in Rocky Mount, NC, Guaranteed Loans in Salisbury, NC, Emergency Loan in Wake Forest, NC, Payday Loans in Wilmington, NC, Quick Loan in Wilson, NC and Payday Loans in Winston-Salem, 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 Crossnore, NC.

Beautiful sights of Crossnore, NC

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

28616

Are Payday Loans Legal In Crossnore, 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

Crossnore, NC payday loan calculator

Understanding Payday Loans in Crossnore, North Carolina

Payday loans have long been a topic of debate in the financial world. While they can provide quick access to cash for those in urgent need, they can also lead to debt and financial hardship if not used wisely. It’s important to understand the laws and regulations governing payday loans in your state before considering taking one out.

In North Carolina, payday loans are prohibited by law. This means that lenders are not legally allowed to offer payday loans to residents of the state. While this may come as a disappointment to those in need of urgent cash, it’s important to understand the reasoning behind this law and the alternative options available to residents of Crossnore.

Why Are Payday Loans Prohibited in North Carolina?

The North Carolina General Assembly passed a law in 2001 that made payday loans illegal in the state. The law was motivated by concerns over the high interest rates and fees associated with payday loans, which can lead to borrowers becoming trapped in a cycle of debt.

In addition, there were concerns over predatory lending practices, with some lenders using deceptive tactics to take advantage of borrowers in need of urgent cash. Some lenders would offer loans with hidden fees and high interest rates, making it difficult for borrowers to pay back the loan and leading to a spiral of debt.

As a result, North Carolina passed the Consumer Finance Act, which made it illegal for lenders to offer payday loans to residents of the state. This was a major victory for consumer protection in the state, as it ensured that borrowers were not being taken advantage of by unscrupulous lenders.

Alternative Options for Residents of Crossnore

While payday loans may not be available in North Carolina, there are still several options available for those in need of urgent cash. Some of these options include:

  • Personal Loans: Personal loans are a type of loan that can be used for a variety of purposes. They are usually offered by traditional lenders such as banks and credit unions, and can have lower interest rates than payday loans. However, they may also require a higher credit score and more stringent approval process than payday loans.
  • Credit Cards: Credit cards can be a useful tool for those in need of urgent cash. They allow you to borrow money and pay it back over time, with interest. However, it’s important to use credit cards responsibly and pay off the balance in full each month to avoid accumulating debt and paying high interest rates.
  • Friends and Family: Another option is to borrow money from friends or family members. While this can be a sensitive issue, it can be a more affordable and flexible option than taking out a payday loan.

It’s important to carefully consider all of your options before taking out any type of loan. Make sure you understand the terms and conditions of the loan, including interest rates, fees, and repayment terms, before signing any agreement.

Interesting Facts About Payday Loans in Crossnore, North Carolina

While payday loans are prohibited in North Carolina, they are still widely available in other states. Some interesting facts about payday loans in the United States include:

  • 12 million Americans take out payday loans each year.
  • The average payday loan borrower takes out nine loans per year.
  • Payday loans are most commonly used for unexpected expenses such as car repairs and medical bills.
  • The average payday loan carries an interest rate of 391 percent.

These statistics highlight the prevalence of payday loans in the United States and the potential risks associated with these types of loans. It’s important to consider all of your options before taking out any type of loan, and to make sure you understand the terms and conditions of the loan before signing any agreement.

Apply Now

While payday loans are prohibited in Crossnore, North Carolina, TheGuaranteedLoans can help you find alternative options for urgent cash. Our online application process is fast and easy, and we work with a network of trusted lenders to offer our customers a range of loan options. Apply now to see what loan options are available to you.

Please note that TheGuaranteedLoans is not a direct lender, but rather a connector service that facilitates connections between borrowers and lenders. We do not engage in direct loan lending or make decisions regarding loan approval or rates.

F.A.Q.

Can a payday loan company report me to a credit bureau in Crossnore, North Carolina?

No, a payday loan company cannot report you to a credit bureau in Crossnore, North Carolina because these loans are illegal in the state.

Can a payday loan company take me to court in Crossnore, North Carolina?

No, a payday loan company cannot take you to court in Crossnore, North Carolina because these loans are illegal in the state.