Payday Loans in Norlina, North Carolina

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

Company nameAddressZip codePhone number
Morgan's Accounting & Tax Services 2485 Wendell Blvd, Wendell, NC 27591 +1 (919) 365 - 9060
PrimeLending, A PlainsCapital Company 6445 N Croatan Hwy, Kitty Hawk, NC 27949 +1 (252) 564 - 3109
LifeStore Bank 840 E Main St, Jefferson, NC 28640 +1 (336) 246 - 4344
Woodforest National Bank 548 CC Camp Rd, Elkin, NC 28621 +1 (336) 438 - 7074
Professional Financial Services 7 Glenn Bridge Rd F, Arden, NC 28704 +1 (828) 681 - 0026
Uwharrie Bank 624 N Main St 0539, Oakboro, NC 28129 +1 (704) 485 - 3435
Southern Bank - Westridge 3690 Sunset Ave, Rocky Mount, NC 27804 +1 (252) 443 - 7800
Insta-Cash Pawn & Jewelry Inc 1511 Highland Ave NE 5301, Hickory, NC 28601 +1 (828) 322 - 6600
First Bank - Southern Pines, NC 205 SE Broad St, Southern Pines, NC 28387 +1 (910) 692 - 6222
Advance America 110 River Oaks Dr, Tarboro, NC 27886 +1 (252) 823 - 0731

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Norlina, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Greenville, NC, Short-term Loans in Hickory, NC, Payday Loans in High Point, NC, Quick Loan in Holly Springs, NC, Emergency Loan in Huntersville, NC, Payday Loans in Indian Trail, NC, Payday Loans in Jacksonville, NC and Payday Loan Companies in Kannapolis, 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 Norlina, NC.

Beautiful sights of Norlina, NC

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

27563

Are Payday Loans Legal In Norlina, 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

Norlina, NC payday loan calculator

Payday loans can seem like a quick and easy solution for those in need of immediate cash. However, in North Carolina, payday loans are prohibited, including in the small town of Norlina. If you’re considering taking out a payday loan in Norlina or the surrounding area, it’s important to understand the legal and financial ramifications.

What are payday loans?

A payday loan is a small, short-term loan typically used to cover unexpected expenses until the borrower’s next payday. These loans are often advertised as a quick and easy solution for those in need of cash, with no credit checks or collateral required. However, the cost of these loans can be high, with interest rates and fees adding up quickly. In North Carolina, payday loans are illegal.

Why are payday loans illegal in North Carolina?

Payday loans were banned in North Carolina in 2001. The state’s Attorney General deemed them to be predatory and harmful to consumers due to high interest rates and fees. According to the Attorney General’s website, “The bottom line is that payday loans are illegal in North Carolina and any lender offering such a loan is in violation of the law.”

What are the alternatives to payday loans in Norlina?

For residents of Norlina and North Carolina as a whole, there are alternative options for those in need of quick cash. These include:

  • Credit union loans
  • Personal loans from banks or credit unions
  • Credit card advances
  • Borrowing from family or friends
  • Selling unwanted items

While these options may not provide the same immediate gratification as payday loans, they can help avoid the high costs associated with those loans.

Interesting facts and statistics

Did you know that according to a report from the Center for Responsible Lending, the average payday loan has an interest rate of 391%? This means that a borrower who takes out a loan for $500 would end up owing $575 two weeks later.

In North Carolina, payday lending is illegal, but that doesn’t stop some lenders from targeting residents through online lending. According to a 2019 report from the Pew Charitable Trusts, 12 million Americans take out payday loans every year, despite the high costs and risks involved. The report also found that 80% of payday loans are rolled over or renewed within two weeks.

Apply now

If you’re in need of cash in Norlina or the surrounding area, TheGuaranteedLoans can help connect you with potential lenders. While we are not a direct lender, we work with a network of reputable lenders who can provide personal loans, installment loans, and title loans.

Our online application process is quick and easy, and you can receive funds as soon as the next business day if approved. To get started, fill out our simple online form and we’ll connect you with lenders who may be able to meet your needs.

Remember, payday loans may be tempting, but they come with high costs and can lead to a never-ending cycle of debt. Instead, consider the alternatives and make an informed decision about your financial future.

F.A.Q.

Can I be arrested for taking out a payday loan in Norlina, North Carolina?

It is unlikely that a borrower would be arrested for taking out a payday loan in Norlina, North Carolina, as the focus of enforcement efforts is typically on the lenders, rather than the borrowers. However, borrowers who knowingly engage in illegal activities, such as providing false information to a lender or participating in a loan scheme, may face criminal charges.

Are there any other resources available to help me avoid predatory lending in Norlina, North Carolina?

Yes, there are several resources available to help consumers avoid predatory lending in Norlina, North Carolina, including the state's Consumer Financial Protection Bureau, the North Carolina State Banking Department, and the North Carolina City Department of Consumer Affairs.