Payday Loans in Cameron, Ohio

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

Company nameAddressZip codePhone number
Huntington Mortgage Group 211 Buffalo St, Conneaut, OH 44030
Max's Jewelers & Loan Co Inc 300 N Fountain Ave, Springfield, OH 45504 +1 (937) 323 - 6168
Woodforest National Bank 16280 Dresden Ave, East Liverpool, OH 43920 +1 (330) 386 - 0283
ATM Farmers National Bank Of Canfield 102 W Western Reserve Rd, Youngstown, OH 44514 +1 (800) 627 - 3999
Loanmax Title Loans 2402 Gallia St, Portsmouth, OH 45662 +1 (740) 370 - 6540
Ohio Auto Loan Services, Inc. 1180 W Main St, Kent, OH 44240 +1 (330) 474 - 9902
KEMBA Bellefontaine Branch 1161 S Main St, Bellefontaine, OH 43311 +1 (937) 599 - 2841
Check 'n Go 2800 Maple Ave # I, Zanesville, OH 43701 +1 (740) 450 - 4600
Canal Banking Center 6360 Prentiss School Dr, Canal Winchester, OH 43110 +1 (614) 834 - 5626
Horizon Home Loans 447 Nilles Rd #1, Fairfield, OH 45014 +1 (513) 939 - 1030

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cameron, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Cleveland, OH, Payday Loan Companies in Columbus, OH, Payday Loans in Cuyahoga Falls, OH, Payday Loans in Dayton, OH, Payday Loans in Delaware, OH, Payday Loans in Dublin, OH, Guaranteed Loans in Elyria, OH and Payday Loans in Euclid, 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 Cameron, OH.

Are Payday Loans Legal In Cameron, 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 Cameron, 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 Cameron, Ohio. There's a default limit of $1,000 in Cameron, 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

Cameron, OH payday loan calculator

Understanding Payday Loans in Cameron, Ohio

Payday loans are a type of short-term loan that are designed to help people struggling financially until their next payday. These loans are typically for small amounts, ranging from $100 to $1000, and are meant to be paid back within a few weeks or months. Cameron, Ohio is one of the many states where payday loans are legal, albeit at a low cost.

How do payday loans work in Cameron, Ohio?

In Cameron, Ohio, payday loan lenders must be licensed and regulated by the Ohio Division of Financial Institutions. Borrowers are required to provide proof of employment, income, and a valid checking account. Once approved, borrowers are typically given cash or a direct deposit, and they have until their next payday to repay the loan plus interest and fees.

The interest rates on payday loans in Cameron, Ohio are capped at 28% per annum, which is significantly lower than the national average. However, borrowers should be aware that the interest and fees associated with payday loans can still add up quickly, making it crucial to borrow only what is absolutely necessary and to pay back the loan on time.

The Pros and Cons of Payday Loans

Like any financial product, payday loans in Cameron, Ohio have their advantages and disadvantages. Here are some to consider:

  • Pros: Payday loans can provide quick access to cash for emergency expenses, such as medical bills or car repairs. For people with poor credit or no credit history, payday loans may be easier to obtain than traditional bank loans.
  • Cons: The interest rates and fees associated with payday loans can be high, making it easy for borrowers to fall into a cycle of debt. Payday loans are only a short-term solution and don’t address the underlying financial issues that led to the need for the loan in the first place.

Interesting Facts and Statistics

  • The average payday loan in Ohio is $387.
  • Ohio has one of the highest concentrations of payday lenders in the United States, with more than 650 storefronts and hundreds more online lenders.
  • According to a study done by the Pew Charitable Trusts, the average borrower takes out eight payday loans per year, spending approximately $520 in interest and fees.

How to Apply for a Payday Loan in Cameron, Ohio

If you’re considering a payday loan in Cameron, Ohio, it’s important to shop around and compare rates and fees from multiple lenders. TheGuaranteedLoans can help connect you with potential lenders and facilitate the application process. Remember that we are not a direct lender and simply provide a connection service.

To apply for a payday loan through TheGuaranteedLoans, simply fill out our online application form with your personal and financial information. We’ll then match you with lenders who may be able to offer you a loan. Remember to be cautious when considering payday loans and to only borrow what you can afford to pay back.

Conclusion

Payday loans can be a helpful option for individuals facing unexpected expenses or financial emergencies, but they should be used with caution. Understanding the fees and interest rates associated with these loans is essential to avoiding a cycle of debt. If you’re considering a payday loan in Cameron, Ohio, be sure to do your research and compare rates from multiple lenders.

At TheGuaranteedLoans, we’re here to help connect you with potential payday loan lenders. Apply now to see if you qualify for a loan.

F.A.Q.

Can I get a payday loan in Cameron, Ohio if I have bad credit?

Yes, payday loans in Cameron, Ohio are typically available to borrowers with bad credit, as they do not require a credit check.

What fees are associated with a payday loan in Cameron, Ohio?

In addition to the interest, payday loans in Cameron, Ohio may also include fees for processing, origination, and late payments.