Payday Loans in Paw Creek, 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 Paw Creek, NC. Consider companies in other cities:

Company nameAddressZip codePhone number
College Road Pawn & Jewelry 1319 S College Rd, Wilmington, NC 28403 +1 (910) 799 - 1940
Select Acceptance Corp 3004 S Memorial Dr, Greenville, NC 27834 +1 (252) 321 - 3634
BB&T 101 W Fire Tower Rd, Winterville, NC 28590 +1 (252) 756 - 3907
First Citizens Bank 321 Main St, Bunn, NC 27508 +1 (919) 496 - 5731
Carolina Jewelry & Pawn 646 E Broad Ave, Rockingham, NC 28379 +1 (910) 895 - 6621
Picasso Pawn 2609 S Saunders St, Raleigh, NC 27603 +1 (919) 834 - 7796
Woodforest National Bank 5625 S N Carolina, NC-41, Wallace, NC 28466 +1 (910) 285 - 3579
Wells Fargo Bank 145 N Main St, Marion, NC 28752 +1 (828) 652 - 2011
SunTrust Bank 103 E Main St, Marshville, NC 28103 +1 (704) 327 - 9080
MOUNTAIN CREDIT UNION 8005 NC-141, Marble, NC 28905 +1 (828) 837 - 0460

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Paw Creek, 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

Paw Creek, NC payday loan calculator

Understanding Payday Loans in Paw Creek, North Carolina

Payday loans are a type of short-term, high-interest loan that is typically used as a quick-fix solution for financial emergencies. While these loans may seem like a convenient way to make ends meet, it’s important to note that Payday loans are illegal in North Carolina.

In 2001, North Carolina became one of the first states in the US to enact legislation to prohibit payday lending, making it illegal for any lender to make a payday loan in the state. This decision was primarily made to protect consumers from the high-interest rates and fees associated with payday loans.

While State law prohibits payday loans in North Carolina, it is still important to understand what exactly payday loans are, and why they can be costly for borrowers.

What are Payday Loans?

Payday loans are also referred to as ‘cash advances’ or ‘check advances,’ targeting low-income individuals looking for quick access to cash because they are unable to get a loan through a bank. Loan amounts range from $100 to $500, with interest rates reaching as high as 400% per year. These loans typically require the borrower to pay back the amount borrowed, plus interest and fees, within a few weeks.

Borrowers need to provide proof of income and other personal information to be eligible for a payday loan, with lenders usually checking on this to ensure the borrower can repay the loan. However, with high-interest rates and fees, loan repayment can become difficult for borrowers.

Why are Payday Loans Illegal in North Carolina?

North Carolina Senators deemed that payday loans were not in the best interest of consumers and the state, due to the high rate of fees and interest rates. In response, the state enacted the Payday Lending Act, which prohibited all payday lending.

According to the Act, no lender can charge a fee or interest rate more than 36% per year on a loan. This law applies to online lenders as well, so borrowers should always check with their states authorities before considering taking out a Payday Loan.

Facts and Statistics About Payday Loans in Paw Creek, North Carolina

  • The highest percentage of payday loans originates from women between the ages of 25 and 44, with men in the same age range following closely behind.
  • Research has shown that payday loan borrowers are likely to have low credit scores and income levels, with this group more exposed to financial problems.
  • Payday lending helped create a debt crisis in the United States, with borrowers trapped in debt cycles paying far more than they ever borrowed due to high-interest rates and fees.
  • While North Carolina has made payday loans illegal, other states in the US still allow it to an extent, leading many people to take out loans online from out-of-state companies, so it is always necessary to be vigilant when considering borrowing money.

Apply Now with TheGuaranteedLoans

While payday loans are prohibited in North Carolina, we at TheGuaranteedLoans offer loan connection services to individuals seeking other types of loans such as title loans and personal loans. Our platform helps connect you to potential lenders who can provide the loans you need.

If you’re looking to get started with borrowing money, simply visit our website and fill out our application form. The application takes only a few minutes, and our experts will guide you through the process. Don’t fall victim to high-interest rates from predatory lenders. Contact us today and experience our trustworthy and transparent loan connection services.

Remember, payday loans are illegal in North Carolina, so while the temptation might be there, it is important to stay clear of any lender offering payday loans in the State.

F.A.Q.

Can a payday loan company file a lawsuit against me in Paw Creek, North Carolina?

No, a payday loan company cannot file a lawsuit against you in Paw Creek, North Carolina because these loans are illegal in the state.

Are there any federal laws that apply to payday loans in Paw Creek, North Carolina?

Yes, there are federal laws that apply to payday loans in Paw Creek, North Carolina, including the Military Lending Act and the Truth in Lending Act. These laws provide protections for consumers and regulate the practices of payday lenders.