Payday Loans in Gloucester, North Carolina

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

Company nameAddressZip codePhone number
Fidelity Bank 520 Main St, Biscoe, NC 27209 +1 (910) 428 - 2126
First Citizens Bank 1505 Live Oak St, Beaufort, NC 28516 +1 (252) 728 - 4100
Metrolina Credit Co of Burlington, Inc 5380, 2260 S Church St 407, Burlington, NC 27215 +1 (336) 570 - 3474
Regional Finance 3193 Peters Creek Pkwy Unit D, Winston-Salem, NC 27127 +1 (336) 771 - 1029
BB&T 111 E Caswell St, Wadesboro, NC 28170 +1 (704) 694 - 6521
Raymond James & Associates 1380 Environ Way, Chapel Hill, NC 27517 +1 (919) 918 - 4880
Bank of America with Drive-thru ATM 5070 Southport-Supply Rd SE, Southport, NC 28461 +1 (910) 457 - 0371
Fairway Independent Mortgage Corporation 1513 Walnut Street, Suites 100 & 130, Cary, NC 27511 +1 (919) 461 - 8151
BB&T 415 N Norwood St, Wallace, NC 28466 +1 (910) 285 - 1500
A Friend Indeed Check Cashing 802 N Long St, Salisbury, NC 28144 +1 (704) 639 - 9911

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gloucester, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Concord, NC, Payday Loans in Durham, NC, Payday Loans in Fayetteville, NC, Payday Loans in Gastonia, NC, Payday Loan for Goldsboro, NC, Payday Loans in Greensboro, NC, Emergency Loan in Greenville, NC and No Credit Check Loans in Hickory, 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 Gloucester, NC.

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

28528

Are Payday Loans Legal In Gloucester, 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

Gloucester, NC payday loan calculator

Payday Loans and their Prohibition in Gloucester, North Carolina

Payday loans are a type of short-term borrowing that typically involves small amounts of money. Generally, payday loans are meant to be repaid by the borrower’s next paycheck. However, in many states, including North Carolina, payday loans are prohibited. Let’s take a closer look at payday loans in Gloucester, North Carolina, and why they are illegal.

What are Payday Loans?

Payday loans are usually simple to obtain and don’t require any credit checks or collateral. Instead, lenders make their money by charging high fees and interest rates. The fees and interest rates on payday loans can be so high that borrowers can end up paying significantly more than they originally borrowed. This is why many states have put a cap on the APR (Annual Percentage Rate) that lenders can charge on payday loans.

Payday Loans in Gloucester, North Carolina

North Carolina is one of the states that have taken a strong stance against payday loans. In fact, payday lending is illegal in the state. This means that if you live in Gloucester, North Carolina, you will not be able to obtain a payday loan from a state-licensed lender.

The reason for the ban on payday lending in North Carolina is that the state considers these loans to be predatory. Typically, borrowers who take out payday loans are in a vulnerable financial position and are often unable to repay the loan when it comes due. This can lead to a cycle of debt that can be difficult to escape.

Alternatives to Payday Loans

While payday loans are not available in Gloucester, North Carolina, there are other options for those who need access to quick cash. Some alternatives include:

  • Personal Loans: Personal loans are a type of loan that is based on your credit score and financial history. Usually, personal loans have a lower interest rate than payday loans.
  • Credit Cards: Credit cards can be a good option if you have a credit card with a high enough credit limit. However, be mindful of high-interest rates and fees.
  • Local Assistance Programs: You may be able to find assistance programs in Gloucester, North Carolina that can help you cover unexpected expenses. These programs may include food assistance, rental assistance, or utility assistance.

Interesting Facts and Statistics

  • North Carolina is one of 14 states that have banned payday lending.
  • In 2019, payday loan borrowers paid an average of $458 in fees to borrow $350.
  • The typical payday loan borrower is in debt for five months out of the year and spends $520 in fees to repeatedly borrow $375.
  • 71% of payday loan borrowers have taken out a payday loan in the past year.

Apply Now

If you live in Gloucester, North Carolina and need access to cash quickly, consider applying for a loan through TheGuaranteedLoans. We are a connector service connecting borrowers with potential lenders who may be able to provide personal loans. Our online application process is quick and easy, and you can receive a response in minutes. Remember, TheGuaranteedLoans is not a direct lender, but we can facilitate your connection with potential lenders.

Please note that while we try to match you with a suitable lender, approval of your loan request is not guaranteed and is subject to the lender’s terms and conditions.

F.A.Q.

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

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

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

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