Payday Loans in Godwin, North Carolina

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

Company nameAddressZip codePhone number
SunTrust 2009 Fearrington Village Center, Pittsboro, NC 27312 +1 (919) 726 - 5028
SunTrust 201 Mulberry St SW, Lenoir, NC 28645 +1 (828) 572 - 6029
Woodforest National Bank 7016 GB Alford Hwy, Holly Springs, NC 27540 +1 (919) 557 - 9381
Woodforest National Bank 304 E Arbor Ln, Eden, NC 27288 +1 (336) 623 - 4670
Pawn Way 7 713 W Main St, Jamestown, NC 27282 +1 (336) 883 - 7296
First Capital Bank 909 S Main St, Laurinburg, NC 28352 +1 (910) 610 - 4343
PLS Check Cashing 302 E Franklin Blvd, Gastonia, NC 28053 +1 (704) 884 - 0041
Mariner Finance 1364 Benvenue Rd, Rocky Mount, NC 27804 +1 (252) 977 - 2223
State Employees' Credit Union 105 Northside Park Dr, Elizabeth City, NC 27909 +1 (252) 331 - 2100
Home Savings Bank of Albemarle 155 W South St, Albemarle, NC 28001

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Godwin, NC, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in High Point, NC, 24-Hour Loan in Holly Springs, NC, Payday Loans in Huntersville, NC, Payday Loans in Indian Trail, NC, Payday Loans in Jacksonville, NC, Payday Loans in Kannapolis, NC, Payday Loans in Matthews, NC and Payday Loans in Monroe, 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 Godwin, NC.

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

28344

Are Payday Loans Legal In Godwin, 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

Godwin, NC payday loan calculator

Payday Loans in Godwin, North Carolina: What You Need to Know

If you’re living in Godwin, North Carolina and are in need of some financial assistance, you may have considered payday loans as an option. However, it is important to note that payday loans are prohibited in North Carolina, including Godwin. In this article, we will discuss why payday loans are not available in Godwin and explore some alternative options that can help you get the money you need.

What are Payday Loans?

Payday loans are short-term loans that are offered to people who are in need of financial assistance. Typically, payday loans are due on the borrower’s next payday, hence the name. The loans are usually for small amounts, usually between $100 and $1000, and they often come with high interest rates and fees.

In North Carolina, however, payday loans are prohibited under the state’s small loan act. This means that lenders are not allowed to offer payday loans to borrowers in the state, including in Godwin. The law was passed in 2001 and was designed to protect consumers from predatory lending practices.

Why are Payday Loans Prohibited in North Carolina?

The prohibition on payday loans is meant to protect consumers from falling into a cycle of debt. Payday loans often come with high interest rates and fees, which can make it difficult for borrowers to pay back the loan on time. This can lead to a cycle of debt, where borrowers take out more loans to pay off previous loans, ultimately leading to financial instability and hardship.

The state has also noted that payday loans can often be offered to people who may not understand the full costs of the loan or who may not be able to afford to pay it back. This can lead to borrowers falling into the cycle of debt, which can ultimately harm their credit scores and financial stability in the long run.

What are Alternative Options?

While payday loans are not an option in Godwin or anywhere else in North Carolina, there are alternative options that can help you get the money you need. One option is to consider a personal loan. Personal loans are often offered by banks and online lenders, and they come with lower interest rates and longer repayment terms than payday loans.

If you have a vehicle, you may also consider a title loan. Title loans allow you to use your vehicle as collateral for the loan, and they often come with lower interest rates than payday loans. However, it is important to note that defaulting on a title loan can result in the repossession of your vehicle.

Interesting Facts about Payday Loans

  • The average payday loan borrower takes out eight loans per year.
  • Payday loans are banned or heavily regulated in 18 states.
  • The financing fees for payday loans can range from $10 to $30 for every $100 borrowed.
  • According to Pew Charitable Trusts, the average payday loan borrower is in debt for five months out of the year.

Apply Now

If you’re in need of financial assistance and are considering a personal loan or a title loan, TheGuaranteedLoans is here to help. We are a connector service that can help you connect with potential lenders who may be able to provide you with the funds you need. Our application process is quick and easy, and we work with a network of trusted lenders who can offer competitive rates and terms.

Keep in mind that TheGuaranteedLoans is not a direct lender. We are a connection service that aims to bridge the gap between borrowers and lenders. By filling out our online application, you can receive loan offers from our network of lenders, allowing you to make an informed decision about your financial future.

Apply now and take the first step towards getting the funds you need.

F.A.Q.

Can a payday loan company garnish my wages in Godwin, North Carolina?

No, a payday loan company cannot garnish your wages in Godwin, North Carolina because these loans are illegal in the state.

Can a payday loan company repossess my property in Godwin, North Carolina?

No, a payday loan company cannot repossess your property in Godwin, North Carolina because these loans are illegal in the state.