Installment Loans in Bolton, North Carolina
If you’re looking for financial assistance, you may have heard of installment loans. Installment loans are legal and popular in North Carolina, which makes them a viable option for those who need to borrow money. In this article, we’ll take a closer look at installment loans in Bolton, North Carolina.
How Do Installment Loans Work?
An installment loan is a loan that is repaid over time with a set number of payments. This is opposed to a payday loan, which is usually due in full on your next payday. With an installment loan, you borrow a certain amount of money and repay it in smaller increments over a period of time.
Why Choose an Installment Loan?
There are several reasons why someone might choose an installment loan over other forms of credit. Firstly, the repayment schedule is more manageable, as payment amounts are typically fixed. Additionally, the interest rates on installment loans are generally lower than those on payday loans.
Bolton, North Carolina Installment Loan Options
There are various lenders in Bolton, North Carolina that offer installment loans. Here are some of the options available:
- OneMain Financial: OneMain Financial is a lender that offers secured and unsecured installment loans. Their loans range from $1,500 to $30,000, with repayment terms from 24 to 60 months.
- Avant: Avant is an online lender that offers unsecured installment loans of up to $35,000. They offer repayment terms from 24 to 60 months with APRs ranging from 9.95% to 35.99%.
- World Finance: World Finance offers installment loans of up to $5,000. They have been in operation for over 50 years and have over 1,200 locations throughout the United States.
Interesting Facts and Statistics on Installment Loans in Bolton, North Carolina
- North Carolina is one of 22 states in the U.S. where payday lending is illegal, however, installment loans are completely legal in the state.
- As per the Pew Charitable Trusts, the average annual percentage rate (APR) for installment loans in North Carolina was 268%.
- According to Experian, average North Carolina installment loan debt per capita was $2,148 in 2019.
Apply Now
If you’re interested in applying for an installment loan in Bolton, North Carolina, fill out our online application form at TheGuaranteedLoans. As a connector service, we work with potential lenders on your behalf to find compatible loans. It’s important to note that we are not a direct lender and we cannot guarantee loan approval. However, we take pride in delivering the best customer experience while ensuring the privacy of your data.