Payday Loans in Alpha, Ohio

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No payday loan companies in Alpha, OH. Consider companies in other cities:

Company nameAddressZip codePhone number
First State Bank 543 Clinton Ave, Washington Court House, OH 43160 +1 (740) 335 - 3771
CashMax Ohio 2853 Broadway, Grove City, OH 43123 +1 (614) 782 - 2405
ColorTyme Rent-To-Own of Hamilton, OH 1486 S Erie Blvd, Hamilton, OH 45011 +1 (513) 829 - 8963
Fairway Independent Mortgage Corporation 5577 Monroe St A, Sylvania, OH 43560 +1 (419) 481 - 8696
Mr Summers Office 600 W Superior Ave, Cleveland, OH 44114 +1 (216) 479 - 6870
Northwest Bank 2850 Pearl Ave, Lorain, OH 44055 +1 (440) 277 - 1103
Wells Fargo Dealer Services 6000 Freedom Square Dr 580, Independence, OH 44131 +1 (800) 289 - 8004
GenoaBank 24950 OH-51, Millbury, OH 43447 +1 (419) 836 - 2351
Buckeye Gold Coin & Jewelry 564 S State St, Westerville, OH 43081 +1 (614) 890 - 4653
CheckSmart 5700 Youngstown Warren Rd, Niles, OH 44446 +1 (330) 544 - 6017

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Alpha, OH, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Lima, OH, Same Day Loans in Lorain, OH, Guaranteed Loans in Mansfield, OH, Payday Loans in Marion, OH, Payday Loan Without a Credit Check in Mason, OH, Short-term Loans in Massillon, OH, Payday Loans in Mentor, OH and Bad Credit Loans in Middletown, OH. 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 Alpha, OH.

Are Payday Loans Legal In Alpha, Ohio?

Loan Rates and Fees, Laws and Regulations in Ohio.

One good thing with these loans is that they give borrowers time to get back on their feet: while the states allow taking out payday loans for longtime periods, the lenders try not to let their customers pay them more than once. That way, they can avoid losing their money. Usually, you should contact the lender with a new request after avoiding using a loan for 6-12 months. What are the advantages of taking out payday loans? If you're in need of urgent funds to pay for an important expense, these can come as a life-saver: you get money to solve your problems quickly and easily (taking into consideration your location).

What's payday lending in Alpha, Ohio? A payday lending institution offers private short-term unsecured loans. You are expected to repay the loan amount along with finance charges within no longer than 365. In other words, you have a job that guarantees you regular income at least monthly, or some stable investment income (if it's greater than interest rate for payday loans) and simple financial status (no overdrafts or unpaid bills). To make sure that you repay your loans on time and lack no essential expenditures, try cutting down non-necessary expenses and save up some money before taking out such financial contracts. Take into consideration your financial situation while choosing one: make sure that there's no other way to come by urgent money and avoid borrowing too much by taking out several payday loans.

Payday lending is legal in Alpha, Ohio. There's a default limit of $1,000 in Alpha, Ohio, so take out several payday loans if needed. The maximum finance charges are 28% per annum (APR).

Ohio Loan Regulations

Legal StatusLegal (at a low cost)
Interest Rate (APR, %)28
Maximum Loan Amount$1,000
Minimum Loan Term91 days
Maximum Loan Term1 year
Number of Rollovers Allowed0
Finance Charges0.28

Alpha, OH payday loan calculator

Payday Loans in Alpha, Ohio: What You Need to Know

Payday loans are a fast and easy way to get cash in a hurry, but they can also come with high costs and risks. If you’re thinking about getting a payday loan in Alpha, Ohio, it’s important to understand the regulations, costs, and alternatives available to you.

What Are Payday Loans?

A payday loan is a short-term loan meant to be used as a bridge between paychecks. These loans are typically due on your next payday and are meant to be repaid in full, along with interest and fees. Payday loans are notorious for their high costs, including triple-digit interest rates, fees, and penalties for late payments or missed payments.

Are Payday Loans Legal in Alpha, Ohio?

Yes, payday loans are legal in Ohio, but the state has imposed strict regulations to protect consumers. Payday lenders must be licensed and follow specific rules regarding loan amounts, interest rates, and fees.

Regulations for Payday Loans in Alpha, Ohio

  • The maximum loan amount is $1,000 or 25% of your gross monthly income, whichever is less.
  • The loan term must be between 91 and 365 days.
  • The interest rate cannot exceed 28% per annum.
  • Lenders can charge a maximum origination fee of 2% of the loan amount, not to exceed $25.
  • Lenders can also charge a monthly maintenance fee of 10% of the loan amount, not to exceed $30.
  • Borrowers are limited to one loan at a time and four loans per year.
  • Lenders must disclose all fees and terms of the loan before the borrower signs an agreement.

Alternatives to Payday Loans

While payday loans may seem like a quick solution to a cash shortage, they can trap borrowers in a cycle of debt. If you’re considering a payday loan, there may be alternatives available to you.

Credit Counseling

Credit counseling can help you develop a budget and financial plan to avoid taking out loans in the future. A credit counselor can also negotiate with your creditors to lower your interest rates and monthly payments.

Payment Plans

If you’re struggling to pay your bills, talk to your creditors and see if they offer payment plans or hardship programs. Many companies are willing to work with you if you’re honest and upfront about your situation.

Cash Advances

Many credit cards offer cash advances at a lower rate than payday loans. While cash advances can still be expensive, they may be a better option if you need a small amount of money quickly.

Friends and Family

If you’re in a bind, consider reaching out to friends or family for a loan. While borrowing from loved ones can be tricky, it’s often a better option than taking out a high-interest payday loan.

Interesting Facts About Payday Loans in Alpha, Ohio

  • Payday loans in Ohio have an average interest rate of 591%. (source: The Columbus Dispatch)
  • Ohio has one of the highest concentrations of payday lenders in the country, with over 1,200 stores. (source: Pew Charitable Trusts)
  • The payday loan industry in Ohio generates over $500 million in fees annually. (source: The Columbus Dispatch)

Apply Now

If you’re considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders. Keep in mind that we are not a direct lender and are not responsible for the terms and conditions of your loan. However, we will work to find you the best possible loan option based on your needs and credit history. Fill out our easy online application to get started.

Disclaimer: Payday loans are meant to be short-term solutions to financial difficulties. They are not intended as long-term financial solutions. If you’re struggling with debt, it’s important to seek professional help to develop a long-term plan for financial stability.

F.A.Q.

What is a payday loan in Alpha, Ohio?

A payday loan is a short-term loan that is typically used to cover unexpected expenses or financial emergencies. These loans are typically for small amounts of money, and are repaid on the borrower's next payday.

Are payday loans legal in Alpha, Ohio?

Yes, payday loans are legal in Alpha, Ohio. However, there are certain regulations that must be followed by lenders, including a maximum loan amount of $1,000 and a maximum loan term of 31 days.