Payday Loans in Mineral Springs, 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 Mineral Springs, NC. Consider companies in other cities:

Company nameAddressZip codePhone number
State Employees' Credit Union 1377 Asheville Hwy, Hendersonville, NC 28791 +1 (828) 697 - 9952
Wagner Financial Services, Inc. 175 Jonestown Rd, Winston-Salem, NC 27104 +1 (336) 794 - 3833
Arthur E Cone CPA MBA PLLC 103 E Mall St 8, Nags Head, NC 27959 +1 (252) 480 - 3898
State Employees' Credit Union 20 E Main St, Old Fort, NC 28762 +1 (828) 668 - 7645
Coastal Finance Co 150 Holden Beach Rd SW #6, Shallotte, NC 28470 +1 (910) 754 - 8188
Leith Chrysler Dodge Jeep RAM Aberdeen 11049 US HWY 15 501, Aberdeen, NC 28315 +1 (910) 944 - 7115
Agcarolina Financial 426 McArthur Dr, Elizabeth City, NC 27909 +1 (252) 335 - 0582
First Horizon Bank 201 E Meeting St, Morganton, NC 28655 +1 (828) 439 - 2151
United Community Bank 291 E US Hwy 19e, Burnsville, NC 28714
ALCOVA Mortgage Reidsville, NC 730 S Scales St c2, Reidsville, NC 27320 +1 (336) 791 - 0908

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mineral Springs, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Burlington, NC, Payday Loans in Cary, NC, Payday Loans in Chapel Hill, NC, Payday Loans in Charlotte, NC, Payday Loans in Concord, NC, Payday Loan Companies in Durham, NC, Payday Loan Companies in Fayetteville, NC and Payday 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 Mineral Springs, NC.

Beautiful sights of Mineral Springs, NC

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

28108

Are Payday Loans Legal In Mineral Springs, 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

Mineral Springs, NC payday loan calculator

Overview of Payday Loans in Mineral Springs, North Carolina

Payday loans are a type of short-term personal loan that is typically due on the borrower’s next payday. These loans are often marketed as a quick and easy solution for people who need to borrow cash quickly. However, in North Carolina, payday lending is illegal, including in Mineral Springs. It is essential to ensure that you are aware of the laws and regulations before taking out a payday loan.

What are Payday Loans and Why are They Illegal in North Carolina?

Payday loans are short-term loans that are due on the borrower’s next payday. These loans are often marketed to people who need cash quickly and are unable to obtain a traditional loan. However, payday loans come with high-interest rates and fees, and can lead to a cycle of debt for those who take out these loans.

In North Carolina, payday loans are illegal under the state’s usury laws. Usury laws are regulations that limit the amount of interest that can be charged on loans. North Carolina’s usury laws cap the interest rate on consumer loans at 36% APR. Payday lenders charge much higher interest rates, typically between 300% and 400% APR. As a result, payday lending is prohibited in North Carolina.

The Risks of Payday Loans

While payday loans may seem like a quick and easy solution to a financial emergency, they come with significant risks. High-interest rates and fees can quickly add up, leading to a cycle of debt for those who take out these loans. In addition, payday lenders often require access to a borrower’s bank account, which can lead to unauthorized withdrawals and further financial problems.

Furthermore, payday lending is often targeted at low-income and minority communities, which can exacerbate existing financial inequalities. Prohibiting payday lending helps protect vulnerable individuals from these predatory lending practices.

Interesting Facts and Statistics about Payday Loans in Mineral Springs, North Carolina

  • As of 2021, payday lending is illegal in North Carolina.
  • The average payday loan in the United States is $375.
  • Payday lenders often target low-income and minority communities.
  • North Carolina’s usury laws cap the interest rate on consumer loans at 36% APR.

Apply Now with TheGuaranteedLoans

If you are in need of cash quickly and cannot obtain a traditional loan, TheGuaranteedLoans may be able to help. We are a connector service that can connect you with potential lenders who may be able to provide you with a personal loan. However, it is important to note that TheGuaranteedLoans is not a direct lender, and that by submitting your information, you are giving us consent to connect you with our network of lenders.

To get started, simply fill out our online application on our website. Our application process is fast and easy, and we strive to connect you with potential lenders as quickly as possible.

Conclusion

In conclusion, payday lending is illegal in North Carolina, including Mineral Springs. High-interest rates and fees associated with payday loans can lead to a cycle of debt for those who take out these loans. It is important to be aware of the risks associated with payday lending and to explore alternative options for borrowing cash if needed. If you decide to apply for a personal loan, TheGuaranteedLoans can help you connect with potential lenders. As always, it is important to read the terms and conditions carefully and to borrow responsibly.

F.A.Q.

Why are payday loans illegal in Mineral Springs, North Carolina?

Payday loans are illegal in Mineral Springs, 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 Mineral Springs, North Carolina?

in Mineral Springs, 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.