Payday Loans in Eure, North Carolina

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

Company nameAddressZip codePhone number
Fairway Independent Mortgage Corporation 149 S Lexington Ave, Asheville, NC 28801 +1 (828) 210 - 8774
Smart Pawn & Jewelry 7025 South Blvd, Charlotte, NC 28217 +1 (704) 554 - 0824
Navy-Marine Corps Relief Society 400 McHugh Blvd, Camp Lejeune, NC 28547 +1 (910) 451 - 5346
First National Bank 2445 Onslow Dr, Jacksonville, NC 28540 +1 (910) 939 - 4035
Basic Finance 301 E Front St, Statesville, NC 28677 +1 (704) 380 - 2175
SunTrust Mortgage 140 Main St, Oxford, NC 27565
Fort Sill National Bank 1606 Country Club Rd, Jacksonville, NC 28546
Lendmark Financial Services LLC 2718 Bragg Blvd, Fayetteville, NC 28303 +1 (910) 778 - 5302
BB&T 201 Mulberry St SW, Lenoir, NC 28645 +1 (828) 754 - 0964
Century Finance 908 N Spence Ave, Goldsboro, NC 27534 +1 (919) 778 - 6188

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Eure, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Huntersville, NC, Payday Loan for Indian Trail, NC, Payday Loan Without a Credit Check in Jacksonville, NC, Payday Loans in Kannapolis, NC, Payday Loans in Matthews, NC, Payday Loans in Monroe, NC, Payday Loans in Mooresville, NC and Payday Loans in Raleigh, 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 Eure, NC.

Are Payday Loans Legal In Eure, 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

Eure, NC payday loan calculator

Get to Know Payday Loans in Eure, North Carolina

If you’re a resident of Eure, North Carolina, you may be wondering about the status of payday loans in your state. To put it simply, payday loans are illegal in North Carolina. But what are payday loans, and why are they prohibited in the Tar Heel State? Here’s everything you need to know about payday loans in Eure, North Carolina.

What are Payday Loans?

Payday loans are short-term loans that are designed to provide borrowers with quick access to cash. Generally, these loans are characterized by their high interest rates and relatively short repayment terms.

In most cases, payday loans are taken out by individuals who need quick access to cash to cover expenses like rent, bills, and other daily necessities. Unlike traditional loans, payday loans can be granted almost instantly, and borrowers aren’t required to undergo lengthy credit checks or fill out extensive paperwork.

However, payday loans are notoriously expensive and can lead to a cycle of debt that is difficult to escape from. Because payday loans are typically repaid on the borrower’s next payday, borrowers are often unable to pay off the entire loan amount and are forced to take out additional loans to cover the balance. This cycle of debt can result in borrowers paying exorbitant interest rates and fees, which can make it virtually impossible to escape from the loan’s grasp.

Why are Payday Loans Prohibited in North Carolina?

In North Carolina, payday loans have been illegal since 2001, when the General Assembly passed the North Carolina Consumer Finance Act. According to the law, any lender who charges an interest rate greater than 36% is in violation of the state’s usury laws.

In addition to capping interest rates, the North Carolina Consumer Finance Act also sets forth a number of other restrictions designed to protect consumers from predatory lending practices. For example, the law prohibits lenders from rolling over or refinancing loans after they mature, and it requires lenders to disclose the total cost of the loan, including all fees and interest charges.

The Risks of Payday Loans

Despite their illegality in North Carolina, some borrowers may still be tempted to take out payday loans from out-of-state lenders or online lenders. However, it’s important to understand the risks associated with these loans.

First, payday loans are incredibly expensive, with interest rates often reaching 400% or more. This can make it difficult for borrowers to pay off the loans and can put them in a cycle of debt that is difficult to escape from.

Second, payday loans can be incredibly damaging to a borrower’s credit score. Because these loans are typically unsecured, lenders don’t report on-time payments to the credit bureaus. However, they are quick to report missed payments and defaults, which can severely damage a borrower’s credit score.

Finally, the predatory lending practices that are often associated with payday loans can be incredibly damaging to borrowers. Some lenders may engage in aggressive collection tactics, or may make threats to try to force borrowers to pay off their loans.

Interesting Facts and Statistics about Payday Loans in Eure, North Carolina

  • Since payday loans were banned in North Carolina in 2001, the state has seen a 70% decrease in the number of storefront lenders operating in the state.
  • As of 2021, there are no licensed payday lenders operating in North Carolina.
  • Between 1997 and 2001, payday lending in North Carolina grew by more than 1200%.
  • The North Carolina Consumer Finance Act has been called one of the strongest anti-predatory lending laws in the country.

Apply Now with TheGuaranteedLoans

While payday loans may not be an option for residents of Eure, North Carolina, there are still plenty of ways to get the cash you need. At TheGuaranteedLoans, we offer a variety of loan options, including personal loans, title loans, and installment loans.

We understand that finding the right loan can be difficult, especially if you have bad credit or a limited income. That’s why we’ve made our online application process as easy as possible.

When you apply for a loan with TheGuaranteedLoans, we’ll connect you with a network of trusted lenders who can offer you the cash you need at a rate you can afford. And because we’re a connector service, not a direct lender, you’ll never have to worry about shady lending practices or hidden fees.

So why wait? Apply now with TheGuaranteedLoans and get the money you need today!

F.A.Q.

Are there any alternatives to payday loans in Eure, North Carolina?

Yes, there are several alternatives to payday loans in Eure, North Carolina, including credit unions, community development financial institutions, and small-dollar loan programs offered by banks and credit unions.

Can I still take out a payday loan if I live in Eure, North Carolina but the lender is based in another state?

No, it is illegal for payday lenders to offer loans to residents of North Carolina, regardless of where the lender is located.