Payday Loans in Lumber Bridge, North Carolina

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

Company nameAddressZip codePhone number
Ameris Bank Mortgage Office 14 3rd Ave NE, Hickory, NC 28601 +1 (828) 639 - 6200
Lendmark Financial Services LLC 269 Premier Blvd, Roanoke Rapids, NC 27870 +1 (252) 537 - 9990
NORTH STATE ACCEPTANCE 921 N Brightleaf Blvd, Smithfield, NC 27577 +1 (919) 938 - 4242
United Community Bank 291 E U.S. Hwy 19E Bypass, Burnsville, NC 28714 +1 (828) 682 - 9992
First Bank - Candler, NC 907 Smokey Park Hwy, Candler, NC 28715 +1 (828) 667 - 4200
Pawn USA 2392 Carolina Beach Rd, Wilmington, NC 28401 +1 (910) 251 - 1200
First National Bank 1404 W D St, North Wilkesboro, NC 28659 +1 (336) 838 - 3300
First Bank - Pinehurst, NC 5 Blake Blvd, Pinehurst, NC 28374 +1 (910) 295 - 4810
State Employees' Credit Union 789 Stafford Centre Dr, Kernersville, NC 27284 +1 (336) 992 - 1133
BB&T 301 S Center St, Hildebran, NC 28637 +1 (828) 397 - 3971

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lumber Bridge, NC, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Wake Forest, NC, Payday Loans in Wilmington, NC, Payday Loans in Wilson, NC, Payday Loan Without a Credit Check in Winston-Salem, NC, Payday Loans in Apex, NC, Payday Loans in Asheville, NC, Emergency Loan in Burlington, NC and Payday Loans in Cary, 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 Lumber Bridge, NC.

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

28357

Are Payday Loans Legal In Lumber Bridge, 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

Lumber Bridge, NC payday loan calculator

Payday Loans in Lumber Bridge, North Carolina – What You Need to Know

Payday loans can provide a quick financial solution, but they come with high interest rates and fees. In North Carolina, payday loans are prohibited by law, but many people still try to find ways to access this type of credit. If you’re in Lumber Bridge, North Carolina, it’s important to understand the risks and alternatives to payday loans.

Why are Payday Loans Prohibited in North Carolina?

Payday loans are short-term loans with high fees and interest rates that are due on the borrower’s next payday. They are often marketed as a solution for unexpected expenses or emergencies, but they can trap borrowers in a cycle of debt. In North Carolina, lawmakers have recognized the dangers of payday lending and have taken steps to protect consumers.

In 2001, the North Carolina General Assembly passed the Payday Lending Reform Act, which made it illegal for lenders to make payday loans in the state. Since then, many payday lenders have tried to find loopholes in the law, such as offering online loans or partnering with out-of-state banks. However, the North Carolina Attorney General’s office has continued to crack down on these practices.

Risks of Payday Loans

Payday loans are an expensive way to borrow money, with interest rates that can reach as high as 400%. If you can’t repay the loan on time, you may be charged additional fees and interest, and your credit score could be damaged. This can lead to a cycle of debt, where you have to take out more loans to pay off the previous ones.

Payday lenders often target people who are in a desperate financial situation, such as those with low incomes or poor credit. They may offer easy approval and quick access to cash, but they don’t always disclose all the fees and terms of the loan upfront. This can lead to borrowers feeling misled or trapped in a loan they can’t afford.

Alternatives to Payday Loans

If you’re in a tight financial situation, there are alternatives to payday loans that can help you avoid the high costs and risks. Some options include:

  • Credit Union Loans: Some credit unions offer small-dollar loans with low interest rates and fees. They may also offer financial counseling and budgeting services to help you manage your money.
  • Personal Loans: You can apply for a personal loan from a bank, online lender, or credit card company. These loans typically have lower interest rates and longer repayment terms than payday loans.
  • Payment Plans: If you have an unexpected expense, such as a medical bill or car repair, ask the provider if they offer a payment plan. This can allow you to pay off the debt over time without resorting to a high-cost loan.
  • Local Assistance Programs: Some nonprofit organizations and government agencies offer financial assistance programs for people in need. These programs may provide food, housing, utilities, or other basic needs.

Interesting Facts about Payday Loans in Lumber Bridge, North Carolina

Despite the fact that payday loans are prohibited in North Carolina, some lenders still try to operate in the state. In 2016, the North Carolina Attorney General’s office shut down eight online lenders that were offering payday loans with interest rates as high as 571%. In response to these predatory practices, the Attorney General’s office launched the “NC C.A.R.E.S.” initiative to educate consumers about their rights and resources for financial assistance.

Apply Now with TheGuaranteedLoans

At TheGuaranteedLoans, we understand that unexpected expenses can arise, and we’re here to help you find the best financial solution. We are a connector service, not a direct lender, and we work with a network of trusted lenders who can offer you a loan that fits your needs and budget. Our online application process is fast and secure, and you can receive your funds as soon as the next business day.

Applying for a loan with TheGuaranteedLoans is easy. Simply fill out our online application form, and we’ll match you with a lender who can offer you a loan. You’ll receive a loan agreement with all the terms and fees upfront, so you can make an informed decision about whether to accept the loan. If you have any questions or concerns, our customer service team is available to help.

Conclusion

Payday loans are not a good solution for most people, especially in North Carolina where they are prohibited by law. If you need to borrow money, consider other alternatives such as personal loans or payment plans. If you do decide to use a payday loan, be sure to read the terms carefully and only borrow what you can afford to repay. Apply now with TheGuaranteedLoans and let us connect you with a trusted lender who can offer you a loan that fits your needs.

F.A.Q.

Can I be sued for defaulting on a payday loan in Lumber Bridge, North Carolina?

No, you cannot be sued for defaulting on a payday loan in Lumber Bridge, North Carolina because these loans are illegal in the state.

Can a payday loan be included in a bankruptcy filing in Lumber Bridge, North Carolina?

No, a payday loan cannot be included in a bankruptcy filing in Lumber Bridge, North Carolina because these loans are illegal in the state.