Payday Loans Colton, OH Online

No payday loan companies in Colton, OH. Consider companies in other cities:
Company name	Address	Zip code	Phone number
Eagle Loan Company	6593 N Ridge Rd, Madison, OH	44057	+1 (440) 607 - 4044
Huntington Bank	817 N Main St, Wellington, OH	44090	+1 (440) 647 - 4533
PNC Bank	2221 W Michigan St, Sidney, OH	45365	+1 (937) 498 - 4761
ACE Cash Express	4040 Youngstown-Poland Rd, Youngstown, OH	44514	+1 (330) 788 - 1535
Advance America	1259 Log Pond Dr, Newark, OH	43055	+1 (740) 364 - 2083
Osgood Bank	275 Main St, Osgood, OH	45351	+1 (419) 582 - 2681
Huntington Bank	332 E Main St, Ottawa, OH	45875	+1 (419) 523 - 6880
Ohio Cash Advance	111 E Main St, Hillsboro, OH	45133	+1 (937) 393 - 0300
Southern Hills Community Bank	134 N Washington St, Greenfield, OH	45123	+1 (937) 981 - 3685
Nations Lending	30700 Center Ridge Rd 3, Westlake, OH	44145	+1 (866) 759 - 0059

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

Company name

Address

Zip code

Phone number

Eagle Loan Company

6593 N Ridge Rd, Madison, OH

44057

+1 (440) 607 - 4044

Huntington Bank

817 N Main St, Wellington, OH

44090

+1 (440) 647 - 4533

PNC Bank

2221 W Michigan St, Sidney, OH

45365

+1 (937) 498 - 4761

ACE Cash Express

4040 Youngstown-Poland Rd, Youngstown, OH

44514

+1 (330) 788 - 1535

Advance America

1259 Log Pond Dr, Newark, OH

43055

+1 (740) 364 - 2083

Osgood Bank

275 Main St, Osgood, OH

45351

+1 (419) 582 - 2681

Huntington Bank

332 E Main St, Ottawa, OH

45875

+1 (419) 523 - 6880

Ohio Cash Advance

111 E Main St, Hillsboro, OH

45133

+1 (937) 393 - 0300

Southern Hills Community Bank

134 N Washington St, Greenfield, OH

45123

+1 (937) 981 - 3685

Nations Lending

30700 Center Ridge Rd 3, Westlake, OH

44145

+1 (866) 759 - 0059

Are Payday Loans Legal In Colton, 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 Colton, 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 Colton, Ohio. There's a default limit of $1,000 in Colton, Ohio, so take out several payday loans if needed. The maximum finance charges are 28% per annum (APR).

Ohio Loan Regulations

Legal Status	Legal (at a low cost)
Interest Rate (APR, %)	28
Maximum Loan Amount	$1,000
Minimum Loan Term	91 days
Maximum Loan Term	1 year
Number of Rollovers Allowed	0
Finance Charges	0.28

Exploring Payday Loans in Colton, Ohio

Are you facing an unexpected expense that you need to address right away but don’t have the funds to cover it? If you’re an Ohio resident, you might consider taking out a payday loan to bridge the gap between paychecks. In Colton, Ohio, payday loans are legal and regulated, ensuring that you can access funds at a low cost. In this article, we’ll explore what payday loans are, what the legal framework looks like in Ohio, and how to receive the best possible payday loans in Colton.

What are Payday Loans?

Payday loans are short-term, high-interest loans designed to help borrowers cover unexpected expenses until their next paycheck arrives. Typically, payday loans are repaid within two to four weeks. However, repayment terms can vary depending on the state and the lender.

In exchange for a payday loan, the borrower will write a post-dated check for the amount they’re borrowing, plus interest and fees. Alternatively, the borrower may provide the lender with authorization to electronically withdraw funds from their bank account on the loan’s due date.

The Legal Framework in Ohio

In Ohio, payday loans are legal and regulated by the Short-Term Loan Act. Under this legislation, payday lenders must be licensed by the Ohio Department of Commerce Division of Financial Institutions. Additionally, payday loans may not exceed $1,000, and the loan term must not exceed 90 days. The maximum interest rate that lenders can charge is 28%, significantly lower than other states where payday loans are legal.

Ohio’s legal framework also includes borrower protections. For example, lenders may not roll over loans more than twice, meaning that borrowers must pay off their loan in full before taking out a new one. Additionally, a borrower’s total debt cannot exceed 25% of their gross monthly income.

Receiving the Best Possible Payday Loans in Colton

To receive the best possible payday loan in Colton, Ohio, there are several key things to consider. Firstly, it’s important to compare lender rates and terms to ensure that you’re getting the best deal available. Accessing a loan through a connector service like TheGuaranteedLoans can help facilitate this process, as we’ll connect you with a network of lenders to find the most favorable terms possible.

Next, it’s important to only borrow as much as you need, as payday loans come with high interest rates that can quickly add up. Before taking out a payday loan, consider whether the expense you’re addressing is essential and worth the cost of borrowing.

Interesting Facts and Statistics About Payday Loans in Colton, Ohio

– The average payday loan amount in Ohio is $342.
– 1 in 6 Ohioans have used a payday loan at some point.
– The average APR (annual percentage rate) for payday loans in Ohio is 591%.

Apply Now

If you’re facing an unexpected expense and need funds fast, consider filling out an online application through TheGuaranteedLoans. Our connector service will connect you with potential lenders, ensuring that you receive the best possible rates and terms. Remember, however, that payday loans should only be used for essential expenses and that borrowing should be approached with caution.

In conclusion,

With its legal and regulatory frameworks in place, taking out a payday loan in Colton, Ohio is a viable option for those in need. However, it’s crucial to approach borrowing with caution, only taking out loans for essential expenses and ensuring that you receive the best possible rates and terms. With the help of TheGuaranteedLoans, you can access payday loans quickly and efficiently, enabling you to bridge the gap between paychecks and address unexpected expenses without undue financial hardship.

F.A.Q.

How do I apply for a payday loan in Colton, Ohio?

To apply for a payday loan in Colton, Ohio, you will need to provide the lender with proof of income, a valid ID, and a checking account. The lender will then review your information and determine if you are eligible for a loan.

What are the fees and interest rates associated with payday loans in Colton, Ohio?

in Colton, Ohio, payday lenders are allowed to charge a finance charge of up to 28% of the loan amount, plus a $20 verification fee. This means that a $100 loan can have fees of up to $48, resulting in a total repayment amount of $148.