Payday Loans in Dover, North Carolina

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

Company nameAddressZip codePhone number
United States Postal Service 1001 W Ehringhaus St, Elizabeth City, NC 27909 +1 (800) 275 - 8777
SunTrust Bank 307 Unionville Indian Trail Rd, Indian Trail, NC 28079 +1 (704) 893 - 7028
BB&T 1112 N Brightleaf Blvd, Smithfield, NC 27577 +1 (919) 938 - 4760
Peoples Bank 213 1st St W, Conover, NC 28613 +1 (828) 464 - 8456
Green Cap Financial Inc 855 Cloverleaf Plaza, Kannapolis, NC 28083 +1 (704) 793 - 1966
Regional Finance 7309 E Independence Blvd Suite 24, Charlotte, NC 28227 +1 (704) 567 - 8248
Vision Financial Federal CU 214 Pacific Ave, Durham, NC 27704 +1 (919) 477 - 0696
Same Day Payday Loans 825 Gibbons St, Gastonia, NC 28052 +1 (980) 907 - 6256
Cape Fear Lending Inc 7050 Market St, Wilmington, NC 28411 +1 (910) 319 - 7673
First Bank - Pittsboro, NC 18 Chatham Corners Dr, Pittsboro, NC 27312 +1 (919) 545 - 0156

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Dover, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rocky Mount, NC, Quick Loan in Salisbury, NC, Payday Loan Companies in Wake Forest, NC, 24-Hour Loan in Wilmington, NC, Payday Loans in Wilson, NC, Payday Loans in Winston-Salem, NC, Guaranteed Loans in Apex, NC and Payday Loan for Asheville, 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 Dover, NC.

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

28526

Are Payday Loans Legal In Dover, 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

Dover, NC payday loan calculator

What are Payday Loans?

Payday loans are short-term loans with high-interest rates that are usually due on the borrower’s next payday. They are typically taken out by people who are faced with unexpected expenses or financial emergencies and need quick access to cash.

Payday Loans in Dover, North Carolina

It’s important to note that payday loans are prohibited in the state of North Carolina, including the town of Dover. In 2001, North Carolina became the first state in the country to create laws to stop payday lending. These laws were created to protect consumers from the high-interest rates and fees associated with these types of loans.

According to the North Carolina Attorney General’s office, the state has saved over $457 million in fees and interest that would have been paid to payday lenders if they were allowed to operate in the state.

Why are Payday Loans Prohibited in North Carolina?

Payday loans are considered predatory lending because they often target vulnerable individuals who are already struggling financially. The high-interest rates and fees associated with payday loans can trap borrowers in a cycle of debt, making it difficult to pay back the loan and eventually leading to financial ruin.

North Carolina’s laws against payday lending were created to protect consumers and prevent them from falling into this cycle of debt. The state’s attorney general has described payday lending as “illegal, predatory, and unscrupulous”.

Alternatives to Payday Loans in Dover, North Carolina

While payday loans are prohibited in North Carolina, there are still alternative options for people who need quick access to cash:

  • Personal Loans: Some banks and credit unions offer personal loans with lower interest rates and longer repayment terms.
  • Credit Cards: Credit cards can be used for emergency expenses and offer a lower interest rate than payday loans.
  • Local Assistance Programs: There are often local assistance programs available in communities that can help with emergency expenses.

Interesting Facts and Statistics about Payday Loans in North Carolina

  • North Carolina’s laws against payday lending were implemented in 2001.
  • Before the laws were put in place, payday lending was one of the fastest-growing businesses in the state.
  • A 2006 study found that payday lending drained $90 million from North Carolina’s economy each year.
  • Since the laws were put in place, North Carolina has saved over $457 million in fees and interest that would have been paid to payday lenders.
  • Payday lending is prohibited in 15 states and Washington D.C.

Apply Now

While payday loans are not available in North Carolina, TheGuaranteedLoans can help connect you with potential lenders for other loan options. Please note that we are a connector service and not a direct lender. To apply for a loan, simply fill out our online application and we will work to facilitate your connection with potential lenders.

In Conclusion

Payday loans may seem like a quick fix for financial emergencies, but they can easily lead to a cycle of debt that can be difficult to escape. While payday loans are prohibited in North Carolina, there are still alternative options available for those who are in need of quick cash. By understanding the risks associated with payday loans and exploring alternative options, you can make informed decisions about your financial future.

F.A.Q.

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

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

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

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