Payday Loans in Hamptonville, North Carolina

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

Company nameAddressZip codePhone number
Carter Bank & Trust 341 E Main St, Lincolnton, NC 28092 +1 (704) 732 - 6530
Crawlspace Depot 420 Prescott St, Greensboro, NC 27401 +1 (888) 331 - 9991
MoneyGram 706 N Queen St, Kinston, NC 28501 +1 (252) 208 - 7776
State Employees' Credit Union 809 N Smithfield Rd, Knightdale, NC 27545 +1 (919) 266 - 6213
Financial Strategies of Lake Norman, Inc 347 N Main St Suite 205, Mooresville, NC 28115 +1 (704) 664 - 7995
Carolina Farm Credit 813 W Hwy 150, Lincolnton, NC 28092 +1 (704) 735 - 0413
Omni Military Loans 6256 Yadkin Rd #101, Fayetteville, NC 28303 +1 (910) 487 - 1904
Union Bank 119 W Railroad St, La Grange, NC 28551 +1 (252) 566 - 5600
First Citizens Bank 854 Halstead Blvd, Elizabeth City, NC 27909 +1 (252) 331 - 6060
Woodforest National Bank 2525 US-70, Hickory, NC 28602 +1 (828) 324 - 4710

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hamptonville, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Fayetteville, NC, Payday Loans in Gastonia, NC, Payday Loans in Goldsboro, NC, Payday Loan Without a Credit Check in Greensboro, NC, Payday Loans in Greenville, NC, Payday Loan for Hickory, NC, Payday Loans in High Point, NC and Payday Loans in Holly Springs, 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 Hamptonville, NC.

Beautiful sights of Hamptonville, NC

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

27020

Are Payday Loans Legal In Hamptonville, 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

Hamptonville, NC payday loan calculator

Understanding Payday Loans in Hamptonville, North Carolina

When faced with unexpected expenses, the thought of getting a quick loan to cover the costs can seem like a lifesaver. However, for those living in Hamptonville, North Carolina, taking out a payday loan is not a viable option.

In 2001, the state of North Carolina passed legislation making payday lending illegal. This means that residents in Hamptonville, North Carolina are prohibited from taking out payday loans from any lenders, whether they operate in-store or online. The state government has taken a strong stance against payday loans and has worked hard to protect its citizens from predatory lending practices.

The Dangers of Payday Loans

The main reason the state of North Carolina banned payday loans is because of the danger they pose to consumers. Payday loan lenders offer short-term, high-interest loans that are marketed as a quick fix for people who need cash fast. However, the interest rates on payday loans can be as high as 400%, trapping borrowers in a cycle of debt.

Many payday loan borrowers end up taking out multiple loans just to keep up with the hefty payments and fees. This can lead to a debt spiral, where borrowers are unable to pay back what they owe. Payday loans have often been compared to modern-day loan sharking, as they target vulnerable consumers who are in desperate need of cash.

Alternatives to Payday Loans

Although payday loans are illegal in North Carolina, that doesn’t mean there aren’t other options available for people in need of quick cash. Here are a few alternatives to consider:

  • Personal Loans: Personal loans allow borrowers to borrow larger amounts of money at lower interest rates than payday loans. There are many reputable lenders who offer personal loans, including banks and credit unions. To qualify for a personal loan, borrowers will need to have good credit.
  • Credit Card Cash Advances: Borrowers can also consider taking out a cash advance on their credit card. Although this typically carries a high-interest rate, it’s still a much better option than a payday loan.
  • Assistance Programs: Many non-profit organizations offer assistance programs to help people in need of financial aid. These programs may include emergency financial assistance, rent assistance, and utility assistance.

Interesting Facts About Payday Loans in Hamptonville, North Carolina

  • North Carolina has been fighting against payday loans since 2001 when the state passed the Check Cashing Act.
  • The interest rate cap in North Carolina is 36%, making it one of the most consumer-friendly states in the country with respect to payday lending laws.

Apply Now

If you’re in need of financial assistance, TheGuaranteedLoans can connect you with potential lenders who offer personal loans and other alternatives to payday loans. Apply now on our website for a chance to receive the funds you need, quickly and easily. Remember, we are a connector service, not a direct lender.

Conclusion

While payday loans may seem like a quick fix for those in need of cash, the risks far outweigh the benefits. If you’re in need of financial assistance, it’s always best to explore safer, more affordable options that won’t leave you trapped in a cycle of debt. Contact TheGuaranteedLoans to learn more about your options and how we can help.

F.A.Q.

Why are payday loans illegal in Hamptonville, North Carolina?

Payday loans are illegal in Hamptonville, North Carolina because they often have high interest rates and fees that can trap borrowers in a cycle of debt. The state's regulations are designed to protect consumers from predatory lending practices.

What are some alternative options for getting quick access to cash in Hamptonville, North Carolina?

in Hamptonville, North Carolina, consumers can seek out alternative forms of financing, such as small personal loans, credit union loans, or even borrowing from friends or family.