Payday Loans in Shawboro, North Carolina

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

Company nameAddressZip codePhone number
State Employees' Credit Union 780 N Main St, Sparta, NC 28675 +1 (336) 372 - 7815
State Employees' Credit Union 1900 NC-119, Mebane, NC 27302 +1 (919) 304 - 2777
Riverside Pawn NC Inc 239 W Kings Hwy, Eden, NC 27288 +1 (336) 623 - 7296
Mariner Finance 1267 N Brightleaf Blvd b, Smithfield, NC 27577 +1 (919) 938 - 0777
Time Financing Service 1600 W Vernon Ave, Kinston, NC 28504 +1 (252) 208 - 0142
Carolina Co-Op Federal Cu 1207 Bessemer City Rd, Gastonia, NC 28052 +1 (704) 865 - 0001
Fort Sill National Bank 5135 Carolina Beach Rd, Wilmington, NC 28412 +1 (580) 357 - 9880
Woodforest National Bank 7131 NC-73, Denver, NC 28037 +1 (704) 822 - 1857
Double OO pawn 203 3rd St, Walnut Cove, NC 27052 +1 (336) 591 - 9304
AgCarolina Farm Credit 1654 NC-39, Louisburg, NC 27549 +1 (919) 496 - 3267

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shawboro, NC, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Mooresville, NC, Payday Loans in Raleigh, NC, Payday Loans in Rocky Mount, NC, Payday Loans in Salisbury, NC, 24-Hour Loan in Wake Forest, NC, Payday Loans in Wilmington, NC, Payday Loans in Wilson, NC and Bad Credit Loans in Winston-Salem, 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 Shawboro, NC.

Are Payday Loans Legal In Shawboro, 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

Shawboro, NC payday loan calculator

Understanding Payday Loans in Shawboro, North Carolina

Introduction

Payday loans, also known as cash advances, are a type of short-term loan that typically come with high interest rates, fees, and require repayment within a few weeks. In Shawboro, North Carolina, however, payday loans are prohibited by state law as of 2001.

Why have payday loans been prohibited?

Payday loans have been criticized for their high cost to consumers, who often end up trapped in a cycle of debt. This is because payday lenders typically target individuals who are already financially vulnerable, often with limited access to traditional lines of credit. In Shawboro, North Carolina, lawmakers recognized the potential for harm to consumers and banned payday loans.

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

Fortunately, there are alternative lending options available for those who need emergency funds. These options include installment loans, personal loans, and credit cards. It is important to research and compare these options to find the best fit for your financial situation. Additionally, seeking assistance from local non-profit organizations or government agencies can help mitigate financial hardship.

Interesting Facts and Statistics About Payday Loans in Shawboro, North Carolina

  • In 1997, payday loans were introduced in North Carolina.
  • By 2000, there were 1,350 payday loan storefronts across the state.
  • However, in 2001, North Carolina passed laws prohibiting payday loans.
  • The prohibition has saved North Carolina residents an estimated $457 million in payday loan fees since 2006.

Apply Now

At TheGuaranteedLoans, we understand that financial emergencies can arise, even for those living in areas where payday loans are prohibited. As a connector service, we can help connect you with potential lenders offering alternative lending options. Our online application is simple and secure, and allows you to apply for a loan from the comfort of your own home. Apply now to see what lending options are available to you.

Conclusion

While payday loans may seem like a quick fix for emergency funds, they often end up costing consumers more in the long run. In Shawboro, North Carolina, payday loans are illegal, but alternatives such as installment loans, personal loans, and credit cards are available. It is important to consider all options and seek assistance from trusted organizations when in financial hardship. At TheGuaranteedLoans, our goal is to provide you with the information and resources you need to make informed financial decisions.

F.A.Q.

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

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

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

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