Payday Loans in Ridgecrest, North Carolina

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

Company nameAddressZip codePhone number
Uwharrie Bank 211 S Greene St, Wadesboro, NC 28170 +1 (704) 694 - 2122
First National Bank 2386 Lewisville Clemmons Rd, Clemmons, NC 27012 +1 (336) 778 - 0008
United Community Bank 406 E Main St, Wallace, NC 28466 +1 (910) 285 - 9300
Fidelity Bank 6856 Jordan Rd, Ramseur, NC 27316 +1 (336) 824 - 4191
Friendly Check Cashing 1550 Julian R Allsbrook Hwy, Roanoke Rapids, NC 27870 +1 (252) 308 - 6785
Bragg Mutual Federal Credit Union 201 Hay St 102, Fayetteville, NC 28301 +1 (910) 222 - 1500
Southern Bank 7458 Main St, Bethel, NC 27812 +1 (252) 825 - 0031
State Employees' Credit Union 780 N Main St, Sparta, NC 28675 +1 (336) 372 - 7815
BB&T 6454 Shallowford Rd, Lewisville, NC 27023 +1 (336) 945 - 3795
Jackson Hewitt Tax Service 101 Sir Walter Raleigh St, Manteo, NC 27954 +1 (252) 473 - 9818

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Ridgecrest, NC

Are Payday Loans Legal In Ridgecrest, 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

Ridgecrest, NC payday loan calculator

Payday loans are a type of short-term loan that typically have high-interest rates and require repayment on the borrower’s next payday. These loans can be an option for those who need quick cash but have poor credit or no other financial options available to them. However, in the state of North Carolina, payday loans are prohibited by law.

Payday Loans in Ridgecrest

If you’re in Ridgecrest, North Carolina, and find yourself in need of quick cash, you may be wondering if payday loans are an option. Unfortunately, the answer is no. In North Carolina, it is illegal for lenders to offer payday loans.

The state of North Carolina first enacted legislation prohibiting payday loans in 2001. This legislation was enacted after lawmakers became concerned about the high fees and triple-digit interest rates associated with payday loans, which they felt created a cycle of debt for borrowers.

Why are Payday Loans Prohibited in North Carolina?

The North Carolina Attorney General’s Office describes payday loans as a “debt trap.” This is because payday lenders often target those who are in desperate need of cash and have limited financial options. These borrowers may not fully understand the terms and conditions of their loan, including the high fees and interest rates associated with these loans.

Additionally, payday lenders often require access to borrowers’ bank accounts, making it difficult for borrowers to stop automatic withdrawals of loan payments. This can lead to overdraft fees and a cycle of debt that can be difficult to break free from.

Due to concerns about the high fees and the potential for a cycle of debt, North Carolina lawmakers chose to prohibit payday loans in the state. While some argue that this limits access to credit for those who need it, proponents of the law argue that it protects vulnerable individuals from predatory lending practices.

Interesting Facts and Statistics about Payday Loans in Ridgecrest, North Carolina

  • The average payday loan in North Carolina carries an interest rate of 391%.
  • Since payday lending was prohibited in North Carolina, the state has saved residents $457 million in fees and interest payments.
  • In 2010, the state of North Carolina settled with payday lenders that were attempting to circumvent state law by partnering with out-of-state banks. These lenders agreed to stop making payday loans in the state and pay $9 million in restitution to borrowers.

Apply Now

While payday loans are not an option for those in Ridgecrest, North Carolina, if you find yourself in need of quick cash, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application to get started. It’s important to note that TheGuaranteedLoans is a connector service and not a direct lender. We work with a network of lenders in an effort to find a loan option that works for you.

Remember, payday loans can be a risky and expensive option for borrowing money. Before pursuing a payday loan or any other type of loan, be sure to understand the terms and fees associated with the loan. Consider alternative options, such as borrowing from friends or family, using a credit card, or getting a personal loan from a bank or credit union.

F.A.Q.

Can I still be charged fees on a payday loan in Ridgecrest, North Carolina?

No, you cannot be charged fees on a payday loan in Ridgecrest, North Carolina because these loans are illegal in the state.

Can I be evicted from my home for taking out a payday loan in Ridgecrest, North Carolina?

No, you cannot be evicted from your home for taking out a payday loan in Ridgecrest, North Carolina because these loans are illegal in the state.