Payday Loans in Elyria, Ohio

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Payday Loan Companies in Elyria, OH

Company nameAddressZip codePhone number
ACE Cash Express 306 Chestnut Commons Dr Ste 306 44035 +1 (440) 366 - 0071
Advance America 401 Cleveland St 44035 +1 (440) 366 - 0949
Cashland 505 N Abbe Rd 44035 +1 (440) 365 - 5584
Cashland 505 Abbe Rd N 44035 +1 (440) 365 - 5584
Check `n Go 1539 W River Rd N 44035 +1 (440) 324 - 9600
Dollar Bank 1500 W River Rd N 44035 +1 (440) 324 - 7373
Eagle Loan 633 Chestnut Commons Dr 44035 +1 (440) 281 - 9797
Lendmark Financial Services LLC 5222 Detroit Rd 44035 +1 (440) 934 - 2302
Loanmax Title Loans 460 Cleveland St 44035 +1 (440) 822 - 3901
Mariner Finance 209 Midway Blvd c 44035 +1 (440) 723 - 3059
Mariner Finance 5212 Detroit Rd 44035 +1 (440) 723 - 3059
Northwest Bank 105 Chestnut Commons Dr 44035 +1 (440) 366 - 5000
Regency Finance Company 5214 Detroit Rd 44035 +1 (440) 934 - 9349

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Elyria, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Euclid, OH, Short-term Loans in Fairborn, OH, Payday Loans in Fairfield, OH, Payday Loans in Findlay, OH, Payday Loans in Grove City, OH, Payday Loans in Hamilton, OH, Payday Loans in Hilliard, OH and Payday Loan Companies 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 Elyria, OH.

Beautiful sights of Elyria, OH

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

44035, 44036

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

Elyria, OH payday loan calculator

Payday Loans in Elyria, Ohio

Due to the COVID-19 pandemic and resulting economic impact, many people have found themselves in difficult financial situations. Payday loans can be a great solution for those who are unsure where to turn for help. In Elyria, Ohio, payday loans are legal and can provide a fast and easy way to access emergency funds.

What is a Payday Loan?

A payday loan is a short-term loan that offers a quick and convenient way to access money if you find yourself short on funds. Most payday loans require you to repay the principal plus interest within two weeks or one month. Payday loans are also known as cash advances or check loans because they are often secured by a post-dated check.

Understanding Payday Loan Laws in Elyria, Ohio

Payday loan laws in Elyria, Ohio are regulated by the Ohio Short-Term Loan Act. The Act limits the amount of a payday loan to $1,000, with a minimum loan term of 31 days and a maximum loan term of 60 days. The maximum loan fee allowable is 28% of the loan principal. The Act also limits the number of loans a borrower can take out at any one time to no more than four.

How to Apply for a Payday Loan in Elyria, Ohio

If you’re in need of quick cash and are considering a payday loan, the process is simple. First, you’ll need to find a lender who offers payday loans in Elyria, Ohio. You can search online or ask around in your local area for a reputable lender. Once you’ve found a lender, you’ll need to fill out an application and submit any documentation needed to verify your identity. The lender will then review your application and, if approved, provide you with the loan terms and conditions.

What to Consider Before Taking Out a Payday Loan in Elyria, Ohio

Before taking out a payday loan in Elyria, Ohio, it’s important to understand all of the terms and conditions of the loan. Payday loans typically come with high interest rates and fees, so be sure you understand the cost of the loan and can afford the payments. Also, consider other loan options that may be available to you, such as a personal loan or a traditional bank loan.

Where to Get Help for Payday Loans in Elyria, Ohio

If you find yourself struggling to manage payday loan debt in Elyria, Ohio, there are resources available to help. You can contact a nonprofit consumer credit counseling agency for advice and assistance in developing a budget, reducing interest rates, and creating a repayment plan. You can also contact a legal aid organization, such as Community Legal Aid, for help with debt relief services.

FAQ

What is a payday loan?

A payday loan is a short-term loan that offers a quick and convenient way to access money if you find yourself short on funds. Most payday loans require you to repay the principal plus interest within two weeks or one month.

What are the laws around payday loans in Elyria, Ohio?

Payday loan laws in Elyria, Ohio are regulated by the Ohio Short-Term Loan Act. The Act limits the amount of a payday loan to $1,000, with a minimum loan term of 31 days and a maximum loan term of 60 days. The maximum loan fee allowable is 28% of the loan principal. The Act also limits the number of loans a borrower can take out at any one time to no more than four.

What should I consider before taking out a payday loan in Elyria, Ohio?

Before taking out a payday loan in Elyria, Ohio, it’s important to understand all of the terms and conditions of the loan. Payday loans typically come with high interest rates and fees, so be sure you understand the cost of the loan and can afford the payments. Also, consider other loan options that may be available to you, such as a personal loan or a traditional bank loan.

Where can I get help with payday loan debt in Elyria, Ohio?

If you find yourself struggling to manage payday loan debt in Elyria, Ohio, there are resources available to help. You can contact a nonprofit consumer credit counseling agency for advice and assistance in developing a budget, reducing interest rates, and creating a repayment plan. You can also contact a legal aid organization, such as Community Legal Aid, for help with debt relief services.

Apply Now

If you’re in need of quick cash, TheGuaranteedLoans can connect you with a lender who offers payday loans in Elyria, Ohio. Just fill out our online application and we will match you with a lender who can meet your needs. Please note that TheGuaranteedLoans is not a lender and cannot provide you with a loan.

More F.A.Q.

Are there any restrictions on payday loans in Elyria, Ohio?

Yes, there are restrictions on payday loans in Elyria, Ohio. Lenders are not allowed to provide loans to borrowers who have more than $1,000 in outstanding payday loans or who have already taken out more than eight payday loans in a year.

How much can I borrow with a payday loan in Elyria, Ohio?

The maximum amount you can borrow with a payday loan in Elyria, Ohio is $1,000. However, the amount you are eligible to borrow will depend on your income and ability to repay the loan.

How Many Cash Advance Companies are in Elyria, OH?

With the help of our service, you will be able to find 13 cash advance companies in Elyria, OH

What Cash Advance Companies in Elyria, OH are the most popular?

You should check Cashland, Mariner Finance, and ACE Cash Express. Also, you can start your application online on our website.