Payday Loans in Vilas, North Carolina

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

Company nameAddressZip codePhone number
Metrolina Credit Co of Burlington, Inc 5380, 2260 S Church St 407, Burlington, NC 27215 +1 (336) 570 - 3474
State Employees' Credit Union 670 W Ridgeway St, Warrenton, NC 27589 +1 (252) 257 - 6267
Quick Cash Pawn 2045 Statesville Blvd, Salisbury, NC 28144 +1 (704) 636 - 0135
State Employees' Credit Union 101 Rosabelle Ct, Camden, NC 27921 +1 (252) 335 - 1515
BB&T 1405 N Main St, Fuquay-Varina, NC 27526 +1 (919) 567 - 4750
Homestar Financial Corporation - Wake Forest, NC 1900 S Main St 108, Wake Forest, NC 27587 +1 (770) 503 - 0380
Piedmont Federal Savings Bank 3701 Clemmons Rd, Clemmons, NC 27012 +1 (336) 766 - 0581
Yount Check Cashing 124 S Powell St # E, Forest City, NC 28043 +1 (828) 245 - 4731
Mariner Finance 1606 E Dixon Blvd C, Shelby, NC 28152 +1 (704) 482 - 2025
Quick Cash Pawn of Reidsville NC 426 S Scales St, Reidsville, NC 27320 +1 (336) 342 - 1105

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Vilas, NC, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Wilson, NC, Quick Loan in Winston-Salem, NC, Payday Loan Companies in Apex, NC, No Credit Check Loans in Asheville, NC, Quick Loan in Burlington, NC, Bad Credit Loans in Cary, NC, Payday Loans in Chapel Hill, NC and Guaranteed Loans in Charlotte, 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 Vilas, NC.

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

28692

Are Payday Loans Legal In Vilas, 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

Vilas, NC payday loan calculator

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

Payday loans are short-term loans with high-interest rates, typically due on the borrower’s next payday. While payday loans may provide quick cash, they also come with high fees and can be difficult to repay. In North Carolina, payday loans are prohibited by law to protect consumers from predatory lending practices. So if you’re based in Vilas, North Carolina, here’s what you need to know:

Why are payday loans illegal in North Carolina?

Payday loans were banned in North Carolina in 2001. The state’s attorney general at the time, Roy Cooper, led the charge against predatory lending practices that trap consumers in a cycle of debt. The North Carolina Consumer Finance Act sets a cap of 36% APR for small consumer loans, which includes payday loans. Since the average APR for payday loans is around 400%, payday lenders cannot legally operate in North Carolina.

What are the dangers of payday loans?

Payday loans often target people who are struggling financially and may not fully understand the terms of the loan. The high interest rates and fees associated with payday loans can make it difficult for borrowers to repay the loan on time, leading to a cycle of debt. In fact, studies have shown that most payday borrowers are unable to repay their loans in full on their first payday and end up borrowing again, paying additional fees and interest each time.

In addition, payday lenders often require access to the borrower’s bank account, which can lead to unauthorized withdrawals and overdraft fees. Some lenders may also engage in illegal and harassing debt collection practices when borrowers are unable to repay their loans on time.

What alternatives are available in Vilas?

If you need cash fast in Vilas, there are other options to consider besides payday loans. Some alternatives include:

  • Credit union loans: Local credit unions often offer small personal loans with lower interest rates and fees than payday loans. Check with your local credit union to see if you qualify.
  • Online lending platforms: Some online lenders offer short-term loans with less stringent eligibility requirements than traditional banks.
  • Government assistance programs: If you’re in need of emergency funds, you may be eligible for assistance through state or federal programs.

Interesting Facts about Payday Loans

Did you know that according to the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 loans per year and spends almost 200 days in debt? Or that payday lenders make up to $8 billion in fees annually from borrowers?

With such staggering statistics, it’s clear that payday loans can be a trap for those in financial need.

Apply Now

At TheGuaranteedLoans, we understand the financial struggles that many people in Vilas, North Carolina, face. While we do not offer payday loans, we are a connector service that can help you connect with potential lenders who may be able to offer small personal loans to help you get back on track.

To apply, simply fill out our online application form with your basic information and the amount you need. We’ll search our network of lenders and connect you with those who may be able to offer you a loan. Remember, TheGuaranteedLoans is not a direct lender, and we do not make credit decisions. But we are committed to helping our users find the right loan for their needs.

Don’t fall into the payday loan trap. Consider all your options and make an informed decision about your finances. And if you need help connecting with potential lenders, TheGuaranteedLoans is here to help.

F.A.Q.

Are there any alternatives to payday loans in Vilas, North Carolina?

Yes, there are several alternatives to payday loans in Vilas, North Carolina, including credit unions, community development financial institutions, and small-dollar loan programs offered by banks and credit unions.

Can I still take out a payday loan if I live in Vilas, North Carolina but the lender is based in another state?

No, it is illegal for payday lenders to offer loans to residents of North Carolina, regardless of where the lender is located.