Payday Loans in High Shoals, North Carolina

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Mariner Finance 602 Duncan Hill Rd, Hendersonville, NC 28792 +1 (828) 698 - 9108
Duke Credit Union 2200 W Main St L100, Durham, NC 27705 +1 (919) 684 - 6704
Members Credit Union 4344 Fayetteville Rd, Lumberton, NC 28358 +1 (910) 738 - 2100
SunTrust ATM 125 E Virginia Ave, Bessemer City, NC 28016 +1 (704) 629 - 7044
First Bank - Whiteville, NC 1104 N JK Powell Blvd, Whiteville, NC 28472 +1 (910) 642 - 6598
PNC Bank 600 N Main St, Tarboro, NC 27886 +1 (252) 641 - 5280
Carter Bank & Trust 1001 S Horner Blvd, Sanford, NC 27330 +1 (919) 777 - 0334
Basic Finance 306 E Dixon Blvd, Shelby, NC 28152 +1 (704) 481 - 0111
Mariner Finance 1113 Silas Creek Pkwy B, Winston-Salem, NC 27127 +1 (336) 723 - 7078
Pinnacle Financial Partners 831 Julian Ave, Thomasville, NC 27360 +1 (336) 313 - 6900

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in High Shoals, NC, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Burlington, NC, Emergency Loan in Cary, NC, Payday Loans in Chapel Hill, NC, Payday Loans in Charlotte, NC, Quick Loan in Concord, NC, Payday Loans in Durham, NC, Payday Loans in Fayetteville, NC and Online Loans in Gastonia, 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 High Shoals, NC.

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

28077

Are Payday Loans Legal In High Shoals, 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

High Shoals, NC payday loan calculator

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

Payday loans have been a controversial topic in North Carolina, where state lawmakers have made it illegal for lenders to offer these types of loans. High Shoals residents who are looking for a quick cash option may not be aware of the serious risks and downsides of payday loans. In this article, we’ll take a closer look at payday loans in High Shoals, North Carolina, their legality, and why you should avoid them.

What are payday loans?

Payday loans are short-term loans that offer borrowers quick cash but often come with exorbitant interest rates and fees. These loans are marketed to people who need cash quickly to cover unexpected expenses, such as car repairs, medical bills, or utility bills. Typically, payday loans come with repayment terms of two weeks or less and must be repaid in full when the borrower’s next payday arrives.

While payday loans may seem like a convenient and easy solution for people in need of quick cash, they can quickly lead to a cycle of debt that can be difficult to escape. Due to their high interest rates and short repayment terms, many people who take out payday loans find themselves unable to repay the loan on time and are forced to take out additional loans just to keep up with the payments.

Payday loans in High Shoals, North Carolina

In North Carolina, payday loans are prohibited by state law. The North Carolina General Assembly passed legislation in 2001 that made it illegal for lenders to offer payday loans to residents of the state. The law also capped interest rates on consumer loans at 36%, making it difficult for lenders to justify the high fees associated with payday loans.

Despite the law, some payday lenders have attempted to find loopholes in order to continue offering their services in North Carolina. In recent years, the North Carolina Attorney General’s Office has taken action against several payday lenders who have been accused of violating state law. The Office has warned residents to be cautious of payday lenders who use online or out-of-state operations to offer their services.

The dangers of payday loans

Payday loans are known for their high interest rates and fees, which can be significantly higher than those associated with other types of loans. According to the Consumer Financial Protection Bureau, the average interest rate on a payday loan is 400%. This means that if you borrow $500, you could end up paying back over $1,000 in total.

In addition to high interest rates, payday loans often come with hidden fees and penalties that can be difficult to spot in the fine print. For example, a lender may charge a fee for every $100 borrowed, which can add up quickly. If you’re unable to repay the loan on time, you could also be hit with additional fees and penalties, which can further increase the cost of the loan.

Perhaps the biggest danger of payday loans is the cycle of debt they can create. Because they often have short repayment terms, many borrowers find themselves unable to repay the loan on time and are forced to take out additional loans just to keep up with the payments. This can quickly lead to a cycle of debt that can be difficult to escape, often resulting in financial ruin.

What are the alternatives to payday loans?

If you’re in need of quick cash, there are several alternatives to payday loans that you should consider. One option is to speak with your creditors directly and work out a payment plan that fits your budget. Many creditors are willing to work with you to come up with a payment plan that will help you avoid defaulting on your debt.

You can also consider a personal loan from a reputable lender, such as a credit union or bank. These types of loans often come with lower interest rates and longer repayment terms than payday loans, making them a safer and more affordable option.

If you’re struggling with debt, consider speaking with a financial counselor who can help you develop a budget and come up with a plan to pay down your debt. Many non-profit organizations offer free or low-cost financial counseling services, and can be a valuable resource for people who are struggling with debt.

The bottom line

While payday loans may seem like an easy solution for people in need of quick cash, they come with serious risks and downsides that you should be aware of. In North Carolina, payday loans are illegal, but that doesn’t mean that some lenders won’t try to offer their services anyway. If you’re in need of quick cash, consider speaking with your creditors or exploring alternative lending options that are safer and more affordable.

Interesting Facts and Statistics About Payday Loans in High Shoals, North Carolina

  • The average payday loan borrower in North Carolina takes out eight loans per year, with an average loan amount of $350.
  • In 2016, the North Carolina Attorney General’s Office reached a settlement with a payday lender that required the lender to forgive $5.4 million in loans and pay $1.5 million in refunds to borrowers.
  • A survey conducted by the Pew Charitable Trusts found that 69% of payday loan borrowers use the funds to cover regular expenses, such as rent, utilities, or credit card bills.

Apply Now

If you’re in need of quick cash, TheGuaranteedLoans can connect you with potential lenders who can offer you a personal loan that fits your needs. We are a connector service, not a direct lender, which means that we work with a network of reputable lenders to find the best loan options for our clients.

You can apply for a personal loan on our website by filling out our simple and secure online application. We’ll match you with potential lenders who can offer you a loan that fits your needs and budget. With TheGuaranteedLoans, you can get the quick cash you need without the risks and downsides of payday loans.

F.A.Q.

What are the alternatives to payday loans in High Shoals, North Carolina?

Consumers in High Shoals, North Carolina can seek out small, short-term loans from credit unions or banks, or can consider using a credit card or personal loan for financial emergencies.

Why are payday loans prohibited in High Shoals, North Carolina?

Payday loans are prohibited in High Shoals, North Carolina due to their high interest rates and fees, which can trap consumers in a cycle of debt.