Payday Loans in Magnolia, Ohio

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

Company nameAddressZip codePhone number
Park National Bank: New Concord Office 1 W Main St, New Concord, OH 43762 +1 (740) 826 - 7676
Advance America 470 Airport Hwy, Wauseon, OH 43567 +1 (419) 335 - 1060
Woodside Mortgage Services Inc 30195 Chagrin Blvd 112, Cleveland, OH 44124 +1 (216) 591 - 2202
CheckSmart 3487 Dixie Hwy, Middletown, OH 45044 +1 (513) 727 - 4566
Firstnationalbank 4188 Burbank Rd, Wooster, OH 44691
First Federal Community Bank 350 N Seltzer St, Crestline, OH 44827 +1 (419) 405 - 4035
First Citizens National Bank 301 N Main St, Nevada, OH 44849 +1 (740) 482 - 2440
My Gold Trade 162 Twin Oaks Dr, Jackson, OH 45640 +1 (740) 286 - 2745
Check Into Cash 1006 Washington Blvd D, Belpre, OH 45714 +1 (740) 423 - 4076
NCP Finance 205 Sugar Camp Cir, Dayton, OH 45409 +1 (937) 228 - 5600

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Magnolia, OH, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Findlay, OH, Online Loans in Grove City, OH, Bad Credit Loans in Hamilton, OH, 24-Hour Loan in Hilliard, OH, Short-term Loans in Lakewood, OH, Payday Loans in Lancaster, OH, Payday Loans in Lima, OH and Payday Loans in Lorain, 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 Magnolia, OH.

Beautiful sights of Magnolia, OH

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

44643

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

Magnolia, OH payday loan calculator

Payday Loans in Magnolia, Ohio: A Comprehensive Guide

If you’re in Magnolia, Ohio, and in need of a loan to cover unexpected expenses, payday loans could be a solution for you. These loans are available at a low cost in Ohio, making them a viable option for those in need of short-term financial assistance.

What are payday loans?

Payday loans are a type of short-term loan that are typically due on your next payday. They’re designed to provide quick access to funds for unexpected expenses. Unlike traditional loans, payday loans typically have smaller amounts and shorter terms.

Payday loans are meant to be a short-term solution to financial emergencies, and they’re a way to access cash advances for people who may not have access to traditional loans or lines of credit.

How do payday loans work in Magnolia, Ohio?

Payday loans are legal in Ohio, with certain regulations in place to protect borrowers. Ohio sets limits on how much you can borrow through a payday loan. You can’t borrow more than $1,000 or 25% of your gross monthly income, whichever is less.

The maximum term for a payday loan in Ohio is 90 days. However, loans are often issued for much shorter periods of time, ranging from several days to a few weeks.

To apply for a payday loan in Magnolia, Ohio, you need to provide basic information about yourself, including your name, address, and employment information. Lenders may also require some additional information about your finances to determine your ability to repay the loan.

What are the benefits and drawbacks of payday loans in Magnolia, Ohio?

  • Easy access to cash: Payday loans are often available to people who don’t have access to traditional loans or lines of credit. They can be a quick source of funds to cover unexpected expenses.
  • Short-term solution: Payday loans are designed to be repaid quickly, usually within a few weeks. They’re meant to be a short-term solution to financial emergencies.
  • High interest rates: Payday loans generally have higher interest rates than traditional loans, making them more expensive over the long term.
  • Debt trap: Some borrowers take out payday loans without the ability to repay them, resulting in a cycle of debt.

Interesting Facts and Statistics about Payday Loans in Magnolia, Ohio

  • The average payday loan borrower in Ohio takes out 10 loans per year.
  • Ohio has the highest payday lending interest rates in the country, with an average APR of 650%.
  • The payday lending industry in Ohio generates over $500 million in fees each year.

Apply Now for a Payday Loan in Magnolia, Ohio

If you’re in Magnolia, Ohio, and in need of a payday loan, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we’ll help find lenders who meet your financial needs.

Remember that TheGuaranteedLoans is a connector service and not a direct lender. We work with a network of reputable lenders to help you find the best loan options available. Apply now to see what loans you may qualify for.

F.A.Q.

Are payday loans in Magnolia, Ohio regulated by the state?

Yes, payday loans in Magnolia, Ohio are regulated by the Ohio Department of Commerce, which sets the maximum interest rate and fees and ensures that lenders comply with state laws.

Can I get a payday loan in Magnolia, Ohio if I am a military service member?

Yes, military service members are eligible for payday loans in Magnolia, Ohio, but they are protected by the Military Lending Act, which limits the interest rate to 36% APR.