Payday Loans in Chester, Ohio

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

Company nameAddressZip codePhone number
Advance America 2368 E. State Street, Suite AA, Salem, OH 44460 +1 (330) 332 - 5688
AgCredit 2500 W Market St, Tiffin, OH 44883 +1 (419) 447 - 0787
Dollar Bank 26065 Lorain Rd, North Olmsted, OH 44070 +1 (440) 777 - 0016
Citizens National Bank 201 N Main St, Lima, OH 45801 +1 (419) 224 - 0400
Advance America 311 N Lexington-Springmill Rd #115, Mansfield, OH 44906 +1 (419) 529 - 3633
Lincoln Financial Group: Cincinnati 8044 Montgomery Rd 450, Cincinnati, OH 45236 +1 (513) 745 - 7000
Check Into Cash 927 N Cable Rd Suite 175, Lima, OH 45805 +1 (419) 991 - 8922
My Gold Trade 162 Twin Oaks Dr, Jackson, OH 45640 +1 (740) 286 - 2745
KeyBank 22 E Jefferson St, Jefferson, OH 44047 +1 (440) 576 - 3070
Cashland 1269 Bellefontaine Ave, Lima, OH 45804 +1 (419) 222 - 8839

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Chester, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Westlake, OH, No Credit Check Loans in Youngstown, OH, Short-term Loans in Akron, OH, Payday Loans in Bowling Green, OH, Guaranteed Loans in Brunswick, OH, Payday Loans in Canton, OH, Payday Loans in Cincinnati, OH and Payday Loans in Cleveland, 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 Chester, OH.

Payday Loans Available in Chester, OH By The Following ZIP Codes:

45720

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

Chester, OH payday loan calculator

Understanding Payday Loans in Chester, Ohio

When unexpected expenses arise, it can be difficult to find the necessary funds to pay for them. This is where payday loans come into play. For those in Chester, Ohio, payday loans can be a viable solution to short-term financial struggles.

Note: Payday loans are legal in Ohio, but at a low cost. Loan fees cannot exceed 60% of the total amount borrowed, and the loan term must be between 91 and 365 days.

What Are Payday Loans?

Payday loans are short-term loans designed to help individuals bridge financial gaps between paychecks. They are typically for small amounts, ranging from $100 to $1,000, and are paid back on the borrower’s next payday. While this type of loan can be helpful in emergency situations, it’s important to understand the costs and potential risks.

How Do Payday Loans Work in Ohio?

In Ohio, payday loans are regulated by the Ohio Division of Financial Institutions. Loan fees cannot exceed 60% of the total loan amount, and lenders must cap interest rates at 28%. Loan terms must be between 91 and 365 days, and borrowers are limited to one loan at a time.

Note: While these regulations are in place to protect borrowers, it’s crucial to fully understand the terms and fees associated with a payday loan before agreeing to one.

Benefits of Payday Loans

  • Quick funding – Payday loans can provide fast access to cash, often within 24 hours of application approval.
  • No credit check – Most payday lenders do not require a credit check, making them accessible to individuals with poor credit scores.
  • No collateral required – Payday loans are unsecured, meaning borrowers don’t have to put up any collateral to secure the loan.

Risks of Payday Loans

  • High fees – Payday loans often have high fees and interest rates, making them a costly borrowing option.
  • Short repayment term – Borrowers must pay back the loan on their next payday, which can put them in a cycle of debt if they are unable to do so.
  • Potential for predatory lending – Some lenders may engage in predatory lending practices, such as charging exorbitant fees or offering loans that borrowers cannot realistically repay.

Interesting Facts and Statistics about Payday Loans in Chester, Ohio

  • As of 2021, there are over 1,000 payday lenders operating in Ohio.
  • The average payday loan amount in Ohio is $382.
  • According to a study by the Pew Charitable Trusts, the average Ohio borrower takes out 10 payday loans per year.

Apply Now

If you’re considering a payday loan in Chester, Ohio, TheGuaranteedLoans can help. We connect borrowers with potential lenders, making it easy to find a loan that meets your needs. Our online application process is simple and secure, and we work with lenders who comply with all state and federal regulations.

Note: TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of reputable lenders to help you find the best loan option for your unique financial situation.

Don’t let unexpected expenses derail your finances. Apply now to see how TheGuaranteedLoans can help you.

F.A.Q.

Can I get a payday loan in Chester, Ohio if I am a student?

Yes, students can get a payday loan in Chester, Ohio as long as they meet the lender's eligibility requirements and can provide proof of income.

Can I get a payday loan in Chester, Ohio if I do not have a bank account?

Yes, some payday lenders in Chester, Ohio may offer alternative repayment methods, such as prepaid debit cards or money orders, for borrowers without a bank account. However, these options may come with additional fees. It is important to discuss your options with the lender before taking out a loan.