Payday Loans in Milton, North Carolina

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

Company nameAddressZip codePhone number
PNC Bank 338 Carthage St, Sanford, NC 27330 +1 (919) 708 - 4900
Wells Fargo Bank 5075 NC-49 S, Harrisburg, NC 28075 +1 (704) 455 - 2516
Bank of North Carolina 3980 Premier Dr, High Point, NC 27265 +1 (336) 869 - 9200
Jackson Savings Bank SSB 170 US-19, Bryson City, NC 28713 +1 (828) 488 - 2100
AgCarolina Farm Credit 4000 Poole Rd, Raleigh, NC 27610 +1 (919) 250 - 9500
Regional Finance 1337 C, E Dixie Dr, Asheboro, NC 27203 +1 (336) 625 - 3232
Coastal Credit Union 5330 Apex Peakway, Apex, NC 27502 +1 (800) 868 - 4262
Barri Agent 425 A S Fayetteville St, Asheboro, NC 27203
SunTrust Bank 401 South Main Street, Rolesville, NC 27571 +1 (919) 263 - 6096
Universal Finance 141 W Main St, Forest City, NC 28043 +1 (828) 247 - 8728

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Milton, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Huntersville, NC, Payday Loans in Indian Trail, NC, Payday Loans in Jacksonville, NC, Payday Loans in Kannapolis, NC, Payday Loan for Matthews, NC, Quick Loan in Monroe, NC, Payday Loans in Mooresville, NC and Emergency Loan in Raleigh, 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 Milton, NC.

Beautiful sights of Milton, NC

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

27305

Are Payday Loans Legal In Milton, 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

Milton, NC payday loan calculator

Payday loans are a type of short-term loan that is designed to help people with expenses that they cannot cover with their normal paycheck. These loans are especially prevalent in areas where people have lower income or are struggling financially.

What are payday loans?

Payday loans are usually small loans that carry a high interest rate and are typically due to be repaid on the borrower’s next payday. They are sometimes also called cash advance loans, check advance loans, or post-dated check loans.

Payday loans are meant to be a short-term solution for those who need immediate cash. The borrower gives the lender a post-dated check or provides access to their checking account. The lender then gives the borrower the amount of cash they requested minus a fee, which can be as high as 400%. When the loan is due, the borrower either repays the loan in full or the lender cashes the post-dated check.

Payday loans in Milton, North Carolina

Payday loans are prohibited in North Carolina. The state has laws in place that restrict interest rates on loans to 36%. This law effectively bans payday loans, as the interest rates on these loans can often exceed 400%.

Although payday loans are illegal in North Carolina, there are still some lenders who try to operate in the state. These lenders often claim to be operating online or out of state. However, these lenders can still be subject to North Carolina law if they loan money to North Carolina residents.

Why are payday loans prohibited in North Carolina?

Payday loans are prohibited in North Carolina because they often trap borrowers in a cycle of debt. When borrowers are unable to repay their loans, they may be forced to take out another loan to cover the fees and interest from the first loan. This cycle can continue indefinitely, with borrowers paying more and more money in fees and interest without ever paying off the loan.

North Carolina lawmakers believe that payday loans are predatory and take advantage of the financially vulnerable. By restricting interest rates on loans, the state hopes to protect its citizens from this type of debt trap.

Interesting facts and statistics about payday loans in Milton, North Carolina

  • According to a study by the Center for Responsible Lending, North Carolina saved over $459 million annually after payday lending was outlawed in the state.
  • In 2013, the North Carolina Attorney General’s office received over 900 complaints about payday lending practices. Many of these complaints alleged that lenders were operating illegally or violating state law.
  • A poll conducted by Public Policy Polling found that 69% of North Carolina residents support the state’s ban on payday lending.

Apply Now

Looking for financial assistance? TheGuaranteedLoans can help. We connect borrowers with lenders who specialize in short-term loans. Our online application is easy to complete and takes only a few minutes. Remember, TheGuaranteedLoans is not a direct lender. We are a connector service that can put you in touch with potential lenders who may be able to provide the funds you need.

Apply now and take the first step towards financial freedom.

F.A.Q.

Can I get a payday loan with bad credit in Milton, North Carolina?

No, payday loans are not available in Milton, North Carolina regardless of credit history.

Can I get a payday loan without a checking account in Milton, North Carolina?

No, payday loans are not available in Milton, North Carolina regardless of banking status.