Payday Loans in Convoy, Ohio

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

Company nameAddressZip codePhone number
National Cash Advance - Closed 1394 W 1st St, Springfield, OH 45504 +1 (937) 324 - 4646
Ohio Deferred Compensation 257 E Town St, Columbus, OH 43215 +1 (877) 644 - 6457
KeyBank 3736 Germantown Pike, Dayton, OH 45417 +1 (937) 263 - 1600
Mentor Jewelry & Loan 8490 Mentor Ave, Mentor, OH 44060 +1 (440) 974 - 3494
KeyBank 4111 OH-44, Rootstown, OH 44272 +1 (330) 325 - 1291
Greenville Federal 690 Wagner Ave, Greenville, OH 45331 +1 (937) 548 - 4158
Advance America 1029 Ironton Hills Dr, Ironton, OH 45638 +1 (740) 533 - 0227
Woodforest National Bank 1505 Main St, Hamilton, OH 45013 +1 (513) 785 - 3730
Stifel 1101 Mt Vernon Ave, Marion, OH 43302 +1 (740) 386 - 6911
CheckSmart 7113 E Main St, Reynoldsburg, OH 43068 +1 (614) 751 - 1314

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Convoy, OH, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Euclid, OH, Payday Loans in Fairborn, OH, Payday Loans in Fairfield, OH, Bad Credit Loans in Findlay, OH, Payday Loans in Grove City, OH, Payday Loan Without a Credit Check in Hamilton, OH, Payday Loan for Hilliard, OH and Payday Loans in Lakewood, 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 Convoy, OH.

Beautiful sights of Convoy, OH

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

45832

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

Convoy, OH payday loan calculator

What You Need to Know About Payday Loans in Convoy, Ohio

If you’re in a tight financial spot and considering a payday loan in Convoy, Ohio, it’s important to understand the facts. In Ohio, payday loans are legal, but the state has certain regulations in place to protect borrowers. Here’s what you need to know about payday loans in Convoy, Ohio.

How Payday Loans in Convoy, Ohio Work

Payday loans are small, short-term loans that are designed to help you cover unexpected expenses until your next paycheck. In Convoy, Ohio, you can apply for a payday loan online or in person at a payday loan storefront. The application process is usually quick and easy, but the interest rates and fees associated with payday loans can be high.

Payday Loan Regulations in Ohio

In Ohio, payday loans are legal, but the state has strict regulations in place to protect borrowers. These regulations include:

  • The maximum loan amount for a payday loan is $1,000
  • The maximum loan term is 6 months
  • The maximum interest rate is 28% APR
  • The maximum finance charge is $20 for every $100 borrowed
  • The maximum monthly maintenance fee is $30 per month

The Benefits of Payday Loans in Convoy, Ohio

Despite the high interest rates and fees associated with payday loans, there are some benefits to these types of loans. For example:

  • Payday loans are a quick and easy way to get cash when you need it
  • They are available to people with bad credit
  • You can use the money for any purpose

Interesting Facts and Statistics about Payday Loans in Convoy, Ohio

  • Ohio has the highest payday loan debt in the country, with an average debt of $3,600 per borrower
  • There are more than 830 payday loan storefronts in Ohio
  • In 2019, Ohio payday lenders made more than 1 million loans, totaling more than $400 million

Apply Now for a Payday Loan in Convoy, Ohio

If you’re considering a payday loan in Convoy, Ohio, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and we work with a network of trusted lenders to help you find the right loan for your needs. To get started, simply fill out our online application form and we’ll do the rest.

Remember, payday loans can be a helpful financial tool when used responsibly. But it’s important to read the terms and conditions carefully and make sure you can afford to repay the loan. With the right information and a little bit of research, you can make an informed decision about whether a payday loan is right for you. So, take your time, compare the interest rates and fees of different lenders, and make the best decision for you.

F.A.Q.

Can I be charged late fees if I cannot repay a payday loan in Convoy, Ohio on time?

No, you cannot be charged late fees if you cannot repay a payday loan in Convoy, Ohio on time. However, you may be charged a one-time returned check fee if your check bounces or your electronic payment is not processed.

Are there any limits on the amount that can be borrowed with a payday loan in Convoy, Ohio?

Yes, there are limits on the amount that can be borrowed with a payday loan in Convoy, Ohio. The maximum loan amount is $1,000, and the maximum loan term is 31 days.