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

Company nameAddressZip codePhone number
AgCarolina Farm Credit 408 NC-561, Ahoskie, NC 27910 +1 (252) 332 - 6143
First Citizens Bank 701 Tsali Blvd, Cherokee, NC 28719 +1 (828) 497 - 2041
Navy Federal Credit Union 1109 W Corbett Ave, Swansboro, NC 28584 +1 (888) 842 - 6328
Sharp Linda R CPA 3003 N Croatan Hwy, Kill Devil Hills, NC 27948 +1 (252) 441 - 2833
Hertford Savings Bank 121 N Church St, Hertford, NC 27944 +1 (252) 426 - 5403
Woodforest National Bank 841 E Gannon Ave, Zebulon, NC 27597 +1 (919) 269 - 3877
Vision Financial FCU 4473 Durham Rd, Roxboro, NC 27574 +1 (336) 597 - 4727
First National Bank 230 E Mountain St, Kernersville, NC 27284 +1 (336) 993 - 2100
National Finance Co 405 W Vernon Ave, Kinston, NC 28501 +1 (252) 523 - 8107
Welcome Finance 238 W Kings Hwy, Eden, NC 27288 +1 (336) 627 - 1155

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Collettsville, NC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Concord, NC, 24-Hour Loan in Durham, NC, Quick Loan in Fayetteville, NC, Quick Loan in Gastonia, NC, Payday Loans in Goldsboro, NC, Same Day Loans in Greensboro, NC, Same Day Loans in Greenville, NC and Payday Loans in Hickory, 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 Collettsville, NC.

Beautiful sights of Collettsville, NC

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

28611, 28645

Are Payday Loans Legal In Collettsville, 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

Collettsville, NC payday loan calculator

The Truth About Payday Loans in Collettsville, North Carolina

It may be tempting to turn to payday loans when you’re in need of cash, but in Collettsville, North Carolina, these loans are strictly prohibited. The state has taken steps to protect its residents from the high-interest rates and fees often associated with these types of loans. In this article, we’ll explore the reasons behind the ban on payday loans in Collettsville and provide alternative options for those in need of quick cash.

Why are Payday Loans Prohibited in Collettsville?

In North Carolina, payday loans have been banned since 2006. The state’s Attorney General at the time argued that these loans were predatory and had a negative impact on consumers. Payday lenders were accused of charging exorbitant interest rates and fees, trapping borrowers in a cycle of debt that was difficult to escape.

Despite efforts to bring payday lending back to North Carolina, the state has remained steadfast in its position. Lawmakers argue that the potential risks to consumers outweigh any potential benefits of these loans. By prohibiting payday lending, the state protects individuals from the financial hardships associated with high-interest loans.

What Alternatives are Available?

Although payday loans are not an option for those in Collettsville, there are other lending options available. For example, personal loans from traditional banks or credit unions may provide more affordable rates and terms than payday loans would have. Additionally, those in need of cash may consider a credit card cash advance, a salary advance, or even a loan from a family member or friend.

It’s important to carefully review all options and to choose the one that best meets your financial needs. Consider the interest rates, fees, and repayment terms associated with each lending option before making a decision.

Interesting Facts About Payday Loans

  • In 2019, the average payday loan among those who took out these loans was $375.
  • The interest rate for a typical payday loan is 400% APR or more.
  • The majority of payday loan borrowers cannot afford to repay the loan and often end up taking out additional loans to cover the first one.

Apply Now and Connect with Lenders

While payday loans are not available in Collettsville, TheGuaranteedLoans can help you connect with lenders who may be able to provide other lending options to meet your needs. We are a connector service, not a direct lender, and we work to match borrowers with potential lenders based on their unique financial situations.

If you’re in need of cash, fill out our online application today to begin the process of connecting with a lender. We’re dedicated to helping our clients find the best lending options available, and we’re committed to providing excellent customer service every step of the way.

Conclusion

Payday loans may seem like an easy way to get quick cash, but in Collettsville, North Carolina, these loans are strictly prohibited. The state’s ban on payday lending is intended to protect consumers from predatory lending practices and the cycle of debt that often results from high-interest loans. Those in need of cash can explore other lending options, such as personal loans, salary advances, or assistance from family or friends. If you need help connecting with a lender, TheGuaranteedLoans can assist you in exploring your options and finding a lending solution that works for you.

F.A.Q.

How do I know if a lender is offering illegal payday loans in Collettsville, North Carolina?

Lenders offering illegal payday loans in Collettsville, North Carolina may not be licensed by the state and may have high interest rates and fees that are not allowed under state law.

What can I do if I have taken out an illegal payday loan in Collettsville, North Carolina?

If you have taken out an illegal payday loan in Collettsville, North Carolina, you can contact the North Carolina State Department of Financial Services to report the lender and seek assistance in resolving the issue.