Payday Loans in Collins, Ohio

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

Company nameAddressZip codePhone number
Merchants National Bank 2829 Rombach Ave, Wilmington, OH 45177 +1 (937) 805 - 0332
NCF Savings Bank 5129 S Co Rd 25A, Tipp City, OH 45371 +1 (937) 667 - 7667
First Federal Lakewood - Hudson Mortgage Lending Office 89 First St 204, Hudson, OH 44236 +1 (330) 650 - 0925
Woodforest National Bank 2016 Millennium Blvd, Cortland, OH 44410 +1 (330) 372 - 3564
First National Bank 8500 E Washington St, Chagrin Falls, OH 44023 +1 (440) 543 - 8889
Larry Brown: Allstate Insurance 251 W Garfield Rd 165, Aurora, OH 44202 +1 (330) 562 - 5282
Huntington Bank 200 E Main St, Chillicothe, OH 45601 +1 (740) 773 - 2711
First National Bank 125 Stanton Blvd, Steubenville, OH 43952 +1 (740) 264 - 8918
Farm Credit Mid-America 2368 Blizzard Ln, Albany, OH 45710 +1 (740) 331 - 7605
Check Into Cash 3551 Belmont Ave #37, Youngstown, OH 44505 +1 (330) 759 - 9202

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Collins, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Dublin, OH, Payday Loan Without a Credit Check in Elyria, OH, Payday Loans in Euclid, OH, Same Day Loans in Fairborn, OH, Payday Loan Companies in Fairfield, OH, Payday Loans in Findlay, OH, Payday Loans in Grove City, OH and Online Loans in Hamilton, 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 Collins, OH.

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

44826

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

Collins, OH payday loan calculator

Everything You Need to Know About Payday Loans in Collins, Ohio

When you’re in a financial emergency and don’t have access to credit or quick cash, a payday loan can be a lifesaver. Payday loans are a type of short-term loan that can help you cover unexpected expenses until your next paycheck arrives. If you’re seeking a payday loan in Collins, Ohio, it’s essential to understand the laws and regulations that govern these loans in the state. In this article, we’ll explore all the critical information you need to know about payday loans in Collins, Ohio.

Are Payday Loans Legal in Collins, Ohio?

Yes, payday loans are legal in Collins, Ohio. In fact, Ohio has some of the most borrower-friendly payday loan regulations in the country. Under the Ohio Revised Code Title 5, Chapter 1321, payday lenders must operate under specific guidelines to protect consumers.

How Do Payday Loans Work in Collins, Ohio?

Payday loans work similarly in Collins, Ohio, as they do in other states. You can borrow up to $1,000 or 25% of your gross monthly income – whichever is less. The repayment term is 31 days, and you cannot take out another loan until the first one is paid off. Lenders can charge an interest rate of up to 28% per annum and a monthly maintenance fee of 10% of the loan amount – capped at $30.

What are the Pros and Cons of Payday Loans?

Before taking out a payday loan in Collins, Ohio, it’s crucial to consider the advantages and disadvantages of these loans. Some of the benefits include:

  • Fast and convenient access to cash when you need it the most
  • No credit check required
  • You can use the funds for any purpose

However, payday loans come with some drawbacks that borrowers should be aware of, including:

  • High-interest rates and fees
  • The risk of getting trapped in a cycle of debt
  • Generally lower loan amounts than traditional loans
  • May not be suitable for long-term financial needs

Before taking out a payday loan, we recommend evaluating your financial situation and considering other options, such as contacting your creditors, seeking help from family and friends, or exploring other loan options.

Interesting facts and statistics about Payday loans in Collins, Ohio:

  • As of 2021, there are around 232 payday lenders in the state of Ohio, with over 1,000 locations.
  • The average payday loan amount in Ohio is $348, and the average APR is 599%.
  • In 2019, the Ohio Payday Loan Study estimated that about one in 10 adults had taken out a payday loan in the past year.
  • Ohians pay $185 million each year in fees on payday loans.

Apply Now

If you’re considering a payday loan in Collins, Ohio, TheGuaranteedLoans can help you connect with potential lenders. Keep in mind that we are not a direct lender; we are a loan-connection service that helps borrowers find lenders that can meet their needs. To apply for a payday loan, visit our website and complete the online application. We’ll process your application and connect you with one of our trusted lending partners. Good luck!

F.A.Q.

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

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

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

Yes, some payday lenders in Collins, 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.