Payday Loans in Cumnock, North Carolina

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

Company nameAddressZip codePhone number
BB&T 307 Main St, Newton Grove, NC 28366 +1 (910) 594 - 1111
Southern Select Comm Cu 275 Branchview Dr SE, Concord, NC 28025 +1 (704) 795 - 0088
MoneyGram 1585 Liberty Dr 1, Thomasville, NC 27360 +1 (336) 474 - 2239
Friendly Cash for Gold 1101 N Broad St, Edenton, NC 27932 +1 (252) 482 - 5705
Regional Acceptance Corporation 720 N 3rd St #501, Wilmington, NC 28401 +1 (910) 251 - 2610
Zebulon Jewelry & Pawn Shop 202 N Arendell Ave, Zebulon, NC 27597 +1 (919) 269 - 0688
PNC Bank 17010 Kenton Dr, Cornelius, NC 28031 +1 (704) 655 - 2190
Parkway Ford of Lexington 98 US-64, Lexington, NC 27295 +1 (336) 243 - 2731
Apex Fund Services US Inc. 15720 Brixham Hill Ave 206, Charlotte, NC 28277 +1 (704) 752 - 8996
PNC Bank 2314 N College Rd, Wilmington, NC 28405 +1 (910) 798 - 2540

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cumnock, NC, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Goldsboro, NC, Payday Loans in Greensboro, NC, Online Loans in Greenville, NC, Payday Loans in Hickory, NC, Emergency Loan in High Point, NC, No Credit Check 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 Cumnock, NC.

Are Payday Loans Legal In Cumnock, 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

Cumnock, NC payday loan calculator

About Payday Loans in Cumnock, North Carolina

Payday loans are short-term loans that are typically due on the borrower’s next payday. They are often marketed as a way to bridge the gap between paychecks for consumers who need quick cash for unexpected expenses or emergencies.

Payday Loans are Prohibited in North Carolina

Before going any further, it is important to note that payday loans are illegal in North Carolina. In fact, North Carolina was one of the first states to enact legislation to prohibit payday lending.

In North Carolina, the general statute that governs usury (the practice of charging excessive interest rates) sets a maximum interest rate of 36% per year. Payday loans typically have interest rates that far exceed this maximum rate, making them illegal in the state.

Despite this prohibition, some lenders have attempted to use loopholes in the law to continue offering payday loans to consumers in North Carolina. However, the state attorney general’s office has been very aggressive in cracking down on these illegal lenders, and consumers should be cautious when considering any type of lending that seems too good to be true.

Alternative Options for Those in Need

Although payday loans are not an option for consumers in North Carolina, there are some alternative options for those who need quick cash in an emergency situation.

  • Credit unions: Many credit unions offer small-dollar loans, including emergency loans, to their members.
  • Community development financial institutions (CDFIs): CDFIs are nonprofit organizations that provide financial services to low-income and underserved communities. Some CDFIs offer alternative small-dollar loan products.
  • Local charities: Some charities offer emergency financial assistance programs to those in need. These programs may provide grants or loans to help individuals cover unexpected expenses.

Interesting Facts and Statistics about Payday Loans in North Carolina

  • In 2001, North Carolina became one of the first states to enact legislation to prohibit payday lending.
  • Between 1997 and 2001, there was a 900% increase in the number of payday lenders operating in North Carolina.
  • Nearly 60% of payday loan customers in North Carolina have used the loans more than once per year.

Apply Now

If you are in need of cash and are considering a payday loan, be aware that payday loans are illegal in North Carolina. However, there are alternative lending options available to you. If you would like to explore these options, TheGuaranteedLoans can help connect you with potential lenders.

Apply now to get started with the application process. Remember, TheGuaranteedLoans is a connector service and not a direct lender. We will facilitate your connection with potential lenders who may be able to provide you with the financing you need.

F.A.Q.

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

Lenders offering illegal payday loans in Cumnock, 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 Cumnock, North Carolina?

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