Payday Loans in Grimesland, North Carolina

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

Company nameAddressZip codePhone number
BB&T 1913 W Front St, Statesville, NC 28677 +1 (704) 878 - 3690
Fidelity Bank 100 S Main St, Fuquay Varina, NC 27526 +1 (919) 552 - 2242
Fifth Third Bank & ATM 406 S Main St, Sparta, NC 28675 +1 (336) 372 - 5631
Yanceyville Pawn And Loan 2920 NC-86, Yanceyville, NC 27379 +1 (336) 694 - 5000
ACE Cash Express 1529 W Innes St, Salisbury, NC 28144 +1 (704) 639 - 0700
Cash Stop 1411 W Gate City Blvd, Greensboro, NC 27403 +1 (336) 274 - 4444
Carter Bank & Trust 630 Fagg Dr, Eden, NC 27288 +1 (336) 623 - 3330
Woodforest National Bank 261 Cooper Creek Dr, Mocksville, NC 27028 +1 (336) 751 - 2653
New South Finance 2107 Chester Ridge Dr, High Point, NC 27262 +1 (336) 821 - 2027
State Employees' Credit Union 1024 S Jefferson Ave, West Jefferson, NC 28694 +1 (336) 246 - 2763

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Grimesland, NC, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Chapel Hill, NC, Payday Loan for Charlotte, NC, Quick Loan in Concord, NC, Guaranteed Loans in Durham, NC, Payday Loans in Fayetteville, NC, Guaranteed Loans in Gastonia, NC, Emergency Loan in Goldsboro, NC and Payday Loans in Greensboro, 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 Grimesland, NC.

Beautiful sights of Grimesland, NC

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

27837

Are Payday Loans Legal In Grimesland, 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

Grimesland, NC payday loan calculator

When faced with a financial emergency, many of us experience stress and anxiety. In situations like these, payday loans might seem like a quick and easy solution. In North Carolina, however, payday loans are illegal. This means that payday lenders can’t operate within the state and residents of North Carolina should seek other forms of credit. So, if you’re in Grimesland, North Carolina, and considering a payday loan, this article offers some valuable insights on the topic.

Why are Payday loans illegal in North Carolina?

The state of North Carolina has taken a strong stance against payday loans. In 2001, the General Assembly passed the Payday Lending Act, which prohibited payday lenders from operating within the state. At the heart of the matter is the issue of high-interest rates. According to the North Carolina Attorney General, payday loans carry interest rates up to 400% per year, making it difficult for borrowers to repay the loan. Furthermore, payday loans can lead to a cycle of debt, which can cripple individuals with financial difficulties.

What alternatives are there to payday loans in Grimesland?

While payday loans might seem like a quick and easy solution to your financial problems, they are not the only option. In Grimesland, North Carolina, residents have a range of credit options available to them. These include:

  • Credit cards: Credit cards can be a useful tool for those who are faced with unexpected expenses. Credit cards offer credit lines that can be used to pay for goods and services, and the interest rates are typically lower than payday loans. However, individuals with poor credit may struggle to obtain a credit card.
  • Personal loans: Personal loans are another option for those who require emergency financing. Personal loans are unsecured loans that can be used for a variety of purposes, including paying off debt or making home repairs. The interest rates for personal loans are typically lower than payday loans, making them a more affordable option.
  • Community resources: Grimesland, North Carolina, has a range of community resources available to residents who require assistance. These include food banks, rent assistance programs, and low-income housing options. These resources can help individuals with financial difficulties ease the burden of day-to-day costs, freeing up income for other purposes.

Interesting Facts and Statistics About Payday Loans in Grimesland, North Carolina

  • The average annual percentage rate (APR) for payday loans in other states is 391%, according to Pew Research Center.
  • North Carolina is one of 18 states that prohibit payday lending entirely.
  • Between 2005 and 2007, North Carolina saved an estimated $153 million in fees and interest payments because of the payday lending ban.
  • A study by the Center for Responsible Lending found that the payday lending ban had no impact on the availability of credit in North Carolina.

Apply Now!

While payday loans are illegal in North Carolina, residents in Grimesland still have access to a range of financing options. If you’re in need of financial assistance, consider exploring personal loans or other available resources. TheGuaranteedLoans is happy to help you connect with potential lenders who can offer a range of financing options that fit your needs. Remember, we are a connection service, not a direct lender, and our goal is to make the connection process as quick and easy as possible.

F.A.Q.

Can I be charged with a crime for taking out an illegal payday loan in Grimesland, North Carolina?

No, taking out an illegal payday loan in Grimesland, North Carolina is not a crime. However, the lender may face legal consequences for offering illegal loans.

Can I be sued for not paying back an illegal payday loan in Grimesland, North Carolina?

No, you cannot be sued for not paying back an illegal payday loan in Grimesland, North Carolina.