Payday Loans in Proctorville, North Carolina

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

Company nameAddressZip codePhone number
Lendmark Financial Services LLC 1441 University Dr Suit A, Burlington, NC 27215 +1 (336) 329 - 7190
Check 'n Go 1351 Sunset Ave, Clinton, NC 28328 +1 (910) 592 - 8377
Navy-Marine Corps Relief Society 400 McHugh Blvd, Camp Lejeune, NC 28547 +1 (910) 451 - 5346
BB&T Mortgage 110 W Hill St, Warsaw, NC 28398
CMG Financial, Inc./ Lourdes Best 15441 US-17 Suite 401, Hampstead, NC 28443 +1 (910) 684 - 4924
First Bank - Belhaven, NC 770 W Main St, Belhaven, NC 27810 +1 (252) 943 - 2149
BB&T Mortgage 8905 E Oak Island Dr, Oak Island, NC 28465 +1 (910) 278 - 5237
Regional Finance 11 Crispin Court #103, Asheville, NC 28803 +1 (828) 277 - 8882
Coastal Credit Union 236 Dabney Dr, Henderson, NC 27536 +1 (800) 868 - 4262
United Community Bank: Jennifer Badger 116 Peachtree St, Murphy, NC 28906 +1 (828) 837 - 9291

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Proctorville, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in High Point, NC, Payday Loan Without a Credit Check in Holly Springs, NC, Bad Credit Loans in Huntersville, NC, Payday Loans in Indian Trail, NC, Emergency Loan in Jacksonville, NC, Payday Loans in Kannapolis, NC, Payday Loans in Matthews, NC and Payday Loans in Monroe, 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 Proctorville, NC.

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

28375

Are Payday Loans Legal In Proctorville, 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

Proctorville, NC payday loan calculator

Payday Loans in Proctorville, North Carolina: What You Need to Know

Payday loans are a type of short-term loan that is typically provided to individuals who require immediate financial assistance. These loans are generally associated with high interest rates and fees, as well as strict repayment terms. In North Carolina, however, payday loans are strictly prohibited by law. Let’s take a closer look at payday loans in Proctorville, North Carolina and the reasons behind their prohibition.

What are payday loans, and why are they prohibited in North Carolina?

A payday loan, also known as a cash advance, is a small, short-term loan that is typically paid back on the borrower’s next payday. These loans are generally unsecured and can be obtained quickly and easily. However, they often come with high fees and interest rates, and borrowers can end up in a cycle of debt if they are unable to repay the loan in full by the due date.

North Carolina is one of several states that have enacted laws prohibiting payday loans. The decision to ban these loans was made in 2001, due to concerns raised by consumer advocates, who argued that payday lenders were taking advantage of vulnerable borrowers and trapping them in a cycle of debt. The law was welcomed by many consumers who were struggling with debt and saw payday loans as a way to get a quick fix for their financial problems.

What are the alternatives to payday loans in Proctorville, North Carolina?

While payday loans are not an option for residents of Proctorville, North Carolina, there are several alternatives available to individuals who are in need of emergency funds. These include:

  • Credit unions: Credit unions offer small-dollar loans with reasonable interest rates and flexible repayment terms.
  • Personal loans: Personal loans are typically offered by banks and credit unions and can be used for a variety of purposes, including emergencies.
  • Credit counseling: Credit counseling agencies can work with individuals to create a budget and develop a debt management plan.
  • Government assistance programs: There are several government assistance programs that can help individuals in need of financial assistance, including food assistance, housing assistance, and unemployment benefits.

Interesting Facts and Statistics About Payday Loans in North Carolina

  • Between 2000 and 2005, the number of payday lending locations in North Carolina increased from 134 to 1,283, prompting the state legislature to enact stricter regulations.
  • In 2006, the North Carolina Attorney General’s office filed suit against Advance America, one of the largest payday lenders in the state, accusing them of violating state usury laws.
  • A 2013 report by the Pew Charitable Trusts found that 12 million Americans take out payday loans each year, paying $7 billion in fees.

Apply Now

If you are in need of emergency funds, consider applying for a loan through TheGuaranteedLoans. As a connector service, we work with a network of lenders who may be able to offer you a loan that meets your needs. Our online application process is quick and easy, and you can receive a decision in minutes. Please note that we are not a direct lender and that all loans are subject to lender approval.

F.A.Q.

Can I be charged with a crime for taking out an illegal payday loan in Proctorville, North Carolina?

No, taking out an illegal payday loan in Proctorville, North Carolina is not a crime. However, the lender may face legal consequences for offering illegal loans.

Can I be sued for not paying back an illegal payday loan in Proctorville, North Carolina?

No, you cannot be sued for not paying back an illegal payday loan in Proctorville, North Carolina.