Payday Loans in Little Switzerland, North Carolina

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

Company nameAddressZip codePhone number
Fidelity Bank 1221 Broad St, Fuquay Varina, NC 27526 +1 (919) 557 - 4568
SunTrust 301 Central Ave, Butner, NC 27509 +1 (919) 964 - 6000
Southern Bank - Kenansville 416 S Main St, Kenansville, NC 28349 +1 (910) 296 - 0210
Petway Mills & Pearson PA 806 N Arendell Ave, Zebulon, NC 27597 +1 (919) 269 - 7405
State Employees' Credit Union 11247 NC-55, Grantsboro, NC 28529 +1 (252) 745 - 4664
Campus Partners 3330 Healy Dr, Winston-Salem, NC 27103 +1 (800) 458 - 4492
Pawn South Tabor City 802 E 5th St, Tabor City, NC 28463 +1 (910) 653 - 2484
National Finance Corporation 1500 S Horner Blvd # C, Sanford, NC 27330 +1 (919) 775 - 2207
Raymond James 70 Woodfin Pl 200C, Asheville, NC 28801 +1 (828) 254 - 8850
First Citizens Bank 248 Rodney Orr Bypass, Robbinsville, NC 28771 +1 (828) 479 - 3346

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Little Switzerland, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Apex, NC, Short-term Loans in Asheville, NC, Quick Loan in Burlington, NC, Payday Loans in Cary, NC, Payday Loans in Chapel Hill, NC, Payday Loans in Charlotte, NC, Payday Loans in Concord, NC and Payday Loans in Durham, 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 Little Switzerland, NC.

Beautiful sights of Little Switzerland, NC

Are Payday Loans Legal In Little Switzerland, 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

Little Switzerland, NC payday loan calculator

Payday loans might seem like a quick-fix solution for those who need easy cash for emergencies or urgent expenses. However, in Little Switzerland, North Carolina, payday loans are prohibited by law. Despite this, many people still search for payday loans in Little Switzerland. In this article, we’ll look at what payday loans are, why they are banned in North Carolina, and what alternatives residents of Little Switzerland can use to meet their short-term financial needs.

What are payday loans?

Payday loans are short-term loans provided by lenders that are intended to be paid back on the borrower’s next payday. They are often marketed as quick and easy solutions for people who need cash fast. They provide an attractive option for those who have bad credit or may not be able to get a traditional loan from a bank because of their credit score.

To apply for a payday loan, a borrower will typically need to provide their employment information, bank statements, and other personal details. If a borrower is approved, they can usually receive the loan within a few hours and can use the funds for whatever they need.

Why are payday loans prohibited in North Carolina?

In North Carolina, the Attorney General’s office has enforced a ban on payday loans since 2001. The state’s payday lending laws were enacted to protect consumers from the high fees and interest rates associated with these types of loans.

Payday loans often come with high interest rates that can be difficult to pay back. In North Carolina, the interest rates on payday loans can be as high as 30%. This can make it difficult for borrowers to repay the loan on time and can lead to a cycle of debt and financial trouble.

Additionally, payday lenders often target low-income communities and people who may not fully understand the terms of the loan. This can lead to borrowers falling into a cycle of debt that can be difficult to break.

What are the alternatives?

Although payday loans are prohibited in North Carolina, there are still several options available for residents of Little Switzerland who need short-term financial help. Some alternatives to payday loans include:

  • Credit Unions: Credit unions offer small loans to their members at low interest rates.
  • Community Assistance Programs: Some community organizations offer assistance to those who need help with rent, utilities, and other bills.
  • Personal Loans: Personal loans from banks or online lenders can offer a lower interest rate than payday loans, making them a more affordable option.
  • Credit Counseling: Credit counseling can help consumers to develop a budget and find ways to manage their debt and finances.

These alternatives can help consumers to avoid the high fees and interest rates associated with payday loans and can help them to manage their finances more effectively in the long term.

Interesting Facts or Statistics about Payday Loans in Little Switzerland, North Carolina

  • North Carolina has one of the strongest usury laws in the country, preventing payday loans with interest rates of as much as 300%.
  • In 2010, according to the North Carolina Attorney General’s office, over 200,000 North Carolinians were victims of payday lending scams.
  • In North Carolina, the maximum amount that can be borrowed through a payday loan is $500.

Apply Now

If you’re in need of short-term financial assistance, TheGuaranteedLoans can help you connect with potential lenders who may be able to provide the funds you need. Our online application process is quick and easy, and we’ll work to find lenders who may be able to offer you a loan that fits your specific needs.

Remember, TheGuaranteedLoans is a connection service, not a direct lender. We work to facilitate connections between borrowers and potential lenders, and we do not make credit decisions or offer loans directly. If you’re interested in applying for a loan through our service, you can start the process on our website today.

Conclusion

Payday loans are not an option for residents of Little Switzerland, North Carolina, due to state law. However, there are several alternatives available that can help those who need short-term financial assistance. Credit unions, community assistance programs, personal loans, and credit counseling are all options that can provide relief without the high fees and interest rates associated with payday loans. Remember, borrowing money should be done thoughtfully and with care to avoid pitfalls and financial trouble.

F.A.Q.

Can I take out a payday loan online in Little Switzerland, North Carolina?

No, even if the lender is located outside of North Carolina, it is illegal to take out a payday loan online in this state.

Can I take out a payday loan from a lender in another state and use it in Little Switzerland, North Carolina?

No, it is illegal to use a payday loan from another state in Little Switzerland, North Carolina.