Payday Loans in Barton, Ohio – Everything You Need to Know
Payday loans are short-term loans designed to help individuals in a financial pinch. These loans are typically small, with borrowers expected to pay back the loan plus interest within a few weeks or months. Ohio is one of the states where payday loans are legal. In this article, we’ll cover everything you need to know about payday loans in Barton, Ohio, including where to find them, how to qualify, and what to expect.
Getting a Payday Loan in Barton, Ohio
If you’re interested in getting a payday loan in Barton, Ohio, you’ll need to find a lender that offers these loans. You can find these lenders in various locations throughout the city, including storefronts and online lenders. Some of the most popular payday lenders in Barton include Check Into Cash, Cashland, and Advance America.
To apply for a payday loan in Barton, you’ll need to meet a few basic requirements. These can vary from lender to lender, but most lenders will require you to be at least 18 years old, have a valid form of identification, and a regular source of income. You’ll also need to provide information about your employment, such as your employer’s name and address, as well as your bank account information.
The Cost of Payday Loans in Barton, Ohio
Payday loans in Ohio are capped at 28% APR. This means that you can expect to pay between $20-$25 for every $100 borrowed, depending on the lender. However, if you don’t pay back the loan on time, you can be charged additional fees and interest. It’s important to read the terms and conditions of your loan carefully to ensure you understand the total cost of the loan.
Benefits of Payday Loans in Barton, Ohio
Payday loans can be a useful tool for individuals who need quick access to cash. These loans are typically easier to qualify for than traditional bank loans, and they can be approved and funded quickly. This makes them ideal for emergencies or unexpected expenses.
However, it’s important to remember that payday loans come with high interest rates and fees, and should only be used as a last resort. If you’re struggling with debt, you may want to consider other options, such as debt consolidation or credit counseling.
Facts and Statistics About Payday Loans in Barton, Ohio
- In Ohio, payday borrowers are allowed to take out up to $1,000 or 25% of their gross monthly income, whichever is less.
- The average APR for payday loans in Ohio is 591%.
- In 2019, Ohio lawmakers passed a bill that would have capped payday loan APRs at 28% and limited the number of loans a borrower could take out each year. However, the bill was never enacted.
Apply Now
If you’re interested in applying for a payday loan in Barton, Ohio, TheGuaranteedLoans can help. We’re a connector service that works with a network of reputable lenders across Ohio. To get started, simply fill out our online application form. We’ll match you with potential lenders based on your information and help you find the right loan for your needs. Remember, we’re not a direct lender, so you won’t receive funds directly from us. Instead, we’re here to help you connect with the right lender for your circumstances.
Thank you for choosing TheGuaranteedLoans for your loan needs. We hope this article has been helpful in providing valuable information about payday loans in Barton, Ohio.