Payday Loans in Roaring Gap, 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 Roaring Gap, NC. Consider companies in other cities:

Company nameAddressZip codePhone number
Jill Burgess At Ameris Bank Mortgage Services 3500 Vest Mill Rd 3, Winston-Salem, NC 27103 +1 (336) 740 - 9068
Carter Bank & Trust 42 Pinecrest Plaza, Southern Pines, NC 28387 +1 (910) 246 - 0176
First National Bank 2721 S Croatan Hwy, Nags Head, NC 27959 +1 (252) 441 - 5588
Lincoln Financial Group 10706 Chapel Hill Rd, Morrisville, NC 27560 +1 (919) 388 - 9966
Lendmark Financial Services LLC 269 Premier Blvd, Roanoke Rapids, NC 27870 +1 (252) 537 - 9990
Accountability Business Edge 868 New Bridge St, Jacksonville, NC 28540 +1 (910) 938 - 3210
Truliant Federal Credit Union 4100 Clemmons Rd, Clemmons, NC 27012 +1 (800) 822 - 0382
Royalty Finance 1558 Freeway Dr # D, Reidsville, NC 27320 +1 (336) 349 - 9876
State Employees' Credit Union 28 Burke Blvd, Louisburg, NC 27549 +1 (919) 496 - 5447
KS Bank 106 W Wellons St, Four Oaks, NC 27524 +1 (919) 963 - 2112

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Roaring Gap, 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, Emergency Loan in Jacksonville, NC, Payday Loans in Kannapolis, NC, Quick Loan in Matthews, NC, Emergency Loan in Monroe, NC, Bad Credit Loans in Mooresville, NC and Online Loans 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 Roaring Gap, NC.

Beautiful sights of Roaring Gap, NC

Are Payday Loans Legal In Roaring Gap, 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

Roaring Gap, NC payday loan calculator

Payday loans, also known as cash advances, are high-interest loans that are typically due in full on the borrower’s next payday. While these loans can provide quick access to cash, they can also come with steep fees and interest rates that can trap people in a cycle of debt. While payday loans are prohibited in North Carolina, many people in Roaring Gap may still be tempted to seek out these loans in times of financial need.

The Law Regarding Payday Loans In Roaring Gap, North Carolina

North Carolina has long been resistant to payday lending, and in 2001, the state passed laws that effectively banned the practice in the state. These laws were strengthened in 2005 when the North Carolina General Assembly established that payday lending would be considered a crime.

The law considers payday lending as an exploitative practice that comprises of interest rates and fees that are much higher than those allowed in the state. Under North Carolina law, any business that engages in the practice of payday lending is violating the state’s usury laws and subject to penalties.

Why Payday Loans Are Prohibited In Roaring Gap, North Carolina

The state of North Carolina recognized the high exploitation rates that come with payday loans. In fact, many studies have shown that payday loans often lead to more debt and financial hardship and are usually difficult to repay. Typically, payday loans fall under the traps of predatory lending, resulting in the borrower falling into a cycle of debt.

The interest rates and fees associated with payday lending can be astronomical, with some loans carrying interest rates of as much as 400%. For individuals who are already struggling to make ends meet, these fees can be devastating.

Alternative Options To Consider Instead Of Payday Loans

While payday loans may seem like an attractive option when you need cash quickly, there are many other alternatives worth exploring.

1. Credit counseling

If you’re facing financial hardship, consider reaching out to a credit counseling agency. These organizations can help you create a budget to manage your debt and negotiate with creditors on your behalf.

2. Negotiate a payment plan

If you’re struggling to make payments on an existing debt, consider reaching out to your creditor to see if you can negotiate a payment plan or a freeze on interest charges. Many creditors will work with you to find a reasonable solution if you’re upfront and honest about your financial situation.

3. Seek assistance from community organizations

There are many community organizations that provide assistance to those experiencing financial hardship. These organizations may be able to offer financial assistance, food assistance, or other services that can help you get through a tough time.

4. Consider a personal loan

If you need cash quickly, consider applying for a personal loan from a reputable bank or credit union. These loans typically have lower interest rates than payday loans and longer payment terms.

Interesting Facts About Payday Loans In Roaring Gap, North Carolina

  • North Carolina is one of 18 states that prohibit payday lending.
  • In 2010, the North Carolina Attorney General won a lawsuit against several payday lenders that resulted in over $9 million in refunds to borrowers.
  • The Consumer Financial Protection Bureau found that over 80% of payday loans are rolled over or followed by another loan within 14 days.

Apply Now With TheGuaranteedLoans

If you’re in need of financial assistance, TheGuaranteedLoans can help connect you with lenders who may be able to provide you with a personal loan. We are a connector service, not a direct lender, and our goal is to help you find the financial assistance you need quickly and easily. Our online application process is simple and straightforward, and we can typically provide you with a decision within minutes.

To get started, simply fill out our online application and provide us with some basic information about your financial situation. We’ll work to connect you with potential lenders who may be able to offer you the financial assistance you need.

Conclusion

Payday loans may seem like an attractive option when you need cash quickly, but they can come with steep fees and interest rates that can trap you in a cycle of debt. If you’re in need of financial assistance, explore alternative options such as credit counseling, negotiating a payment plan with your creditor, seeking assistance from community organizations, or taking out a personal loan. And remember, if you choose to apply for a personal loan, TheGuaranteedLoans can help connect you with lenders who may be able to provide you with the financial assistance you need.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Roaring Gap, North Carolina?

No, because payday loans are illegal in Roaring Gap, North Carolina, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Roaring Gap, North Carolina?

Yes, the state of North Carolina has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.