Payday Loans in Vale, 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 Vale, NC. Consider companies in other cities:

Company nameAddressZip codePhone number
First Flight Federal Credit Union 400 Village Walk Dr, Holly Springs, NC 27540 +1 (919) 557 - 5311
State Employees' Credit Union 114 N Plain Rd, Jacksonville, NC 28546 +1 (910) 347 - 1010
Southside Motor Company 171 S Broadway St, Forest City, NC 28043 +1 (828) 245 - 6610
National Finance Co 1311 W Arlington Blvd # 110, Greenville, NC 27834 +1 (252) 756 - 8100
First Citizens Bank 321 Main St, Bunn, NC 27508 +1 (919) 496 - 5731
Southern Bank - Farmville 4217 E Church St, Farmville, NC 27828 +1 (252) 753 - 2161
First Citizens Bank 200 Fayetteville St, Clinton, NC 28328 +1 (910) 590 - 5320
Atlantic Union Bank 1145 N Road St, Elizabeth City, NC 27909 +1 (252) 334 - 1511
Fort Sill National Bank 1606 Country Club Rd, Jacksonville, NC 28546
Wells Fargo Advisors 28 E Palmer St, Franklin, NC 28734 +1 (828) 349 - 9260

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Vale, NC, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Goldsboro, NC, Payday Loans in Greensboro, NC, Payday Loans in Greenville, NC, Same Day Loans in Hickory, NC, Payday Loans in High Point, NC, Payday Loans in Holly Springs, NC, Payday Loans in Huntersville, NC and Payday Loans in Indian Trail, 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 Vale, NC.

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

28168

Are Payday Loans Legal In Vale, 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

Vale, NC payday loan calculator

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

Payday loans are short-term loans that offer borrowers a quick fix for financial emergencies. They’ve gained popularity in recent years due to their quick application process and lenient credit requirements. However, some states have strict laws governing payday loans that make them unavailable to borrowers.

Payday Loans in North Carolina

North Carolina is one of the states where payday loans are prohibited. The state has enacted laws to prevent the operation of payday lenders in the state. This has been in place since 2001 when the North Carolina General Assembly passed laws prohibiting payday lending.

The state statutes say that payday lending is a criminal offense in North Carolina, making it illegal for anyone to charge more than 36% annual percentage rates (APRs) on payday loans. This is significantly lower than the average APRs that payday lenders charge which is around 400%.

Why Payday Loans are Prohibited in North Carolina

The state’s decision to prohibit payday loans is due to the excessive rates of interest and fees charged by payday lenders. It was found that these loans often trap low-income borrowers in a cycle of debt. The loans are due on the borrower’s next payday and are usually issued in small amounts, ranging from $100 to $500. However, the APRs charged are often so high that borrowers cannot afford to pay them back in one go, leading to repeat borrowing and accruing more debt.

Additionally, payday lenders often target low-income borrowers who find the loans attractive due to their quick nature and lenient credit requirements. These borrowers often have limited financial education and are unaware of the risks associated with high-interest loans.

The Alternatives to Payday Loans in North Carolina

While payday loans are not available in North Carolina, there are other options for borrowers who need fast access to cash. These include:

  • Credit Unions: Credit unions are non-profit financial institutions that often offer small-dollar loans to members with low interest rates.
  • Emergency Assistance Programs: Some charities and non-profits have programs that offer emergency financial assistance to families facing hardship.
  • Credit Counseling: Credit counseling agencies offer financial education and debt management programs to help borrowers get out of debt.
  • Credit Cards: While credit cards often carry high-interest rates, they may be a viable option for borrowers who need to cover unexpected expenses.

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

  • The payday loan usage rate in North Carolina is 1.1%, the lowest in the US.
  • Approximately 300 payday lending storefronts closed after the enactment of payday lending laws in 2001.
  • In 2019, North Carolinians paid over $45 million in fees to out-of-state payday lenders.

Apply Now

While payday loans are prohibited in North Carolina, TheGuaranteedLoans can help connect you with potential lenders who offer alternative options for borrowers that might fit your needs. Just fill out an application on our website and we will facilitate your connection with potential lenders. Remember, we are a connector service, not a direct lender.

Apply now and get the financial assistance you need.

F.A.Q.

Can I be sued for defaulting on a payday loan in Vale, North Carolina?

No, you cannot be sued for defaulting on a payday loan in Vale, North Carolina because these loans are illegal in the state.

Can a payday loan be included in a bankruptcy filing in Vale, North Carolina?

No, a payday loan cannot be included in a bankruptcy filing in Vale, North Carolina because these loans are illegal in the state.