Payday Loans in Marion, Ohio
Living in Ohio can be difficult for some families. With rising costs of living and unpredictable incomes, it can feel like an impossible situation to get on top of your finances. Payday loans are a legal and straightforward way to get the cash you need to cover unexpected expenses in Marion, Ohio.
What is a Payday Loan?
A payday loan is a type of loan that is typically taken out for a short period of time. It is a way of borrowing cash, usually when other forms of credit are not available or are too expensive. A payday loan is typically for an amount of money that is usually between $100 to $1,000. They are usually required to be paid back within 14 to 28 days.
Are Payday Loans Legal in Marion, Ohio?
Yes, payday loans are available to residents living in Marion, Ohio and are regulated by state laws. The Ohio Small Loan Act of 1955 sets the maximum amount that a lender can charge. The maximum loan amount is $1,000 and the interest rate must not exceed 28% per year.
How to Apply for a Payday Loan in Marion, Ohio?
Applying for a payday loan in Marion, Ohio is a straightforward process that can be done either in person at a lender or online. If you choose to apply in person, you will need to provide identification, proof of income and other documents to prove you are able to repay the loan. For online applications, you will need to provide basic information such as your name, address, Social Security number, and bank account details. Once your application is approved, you will usually receive the cash within 24 hours.
TheGuaranteedLoans is not a lender but can connect you to one of our partners that offer payday loans in Marion, Ohio. All you need to do is fill out a short online form and we will match you with a lender in your area.
Frequently Asked Questions about Payday Loans in Marion, Ohio
How much do payday loans cost in Marion, Ohio?
The maximum amount that can be charged by a lender in Marion, Ohio is $1,000. The interest rate must not exceed 28% per year.
How long do I have to pay back a payday loan in Marion, Ohio?
The repayment period for a payday loan in Marion, Ohio is typically between 14 to 28 days.
Can I get a payday loan if I have bad credit?
Yes, payday loans are available to people with bad credit. Most lenders do not perform a traditional credit check but may use alternative methods to determine your creditworthiness.
What happens if I can’t pay back a payday loan?
If you are unable to pay back the loan on time, the lender may offer you an extension or rollover. However, this will depend on the individual lender and might come with additional fees and charges. It is important to read the loan documents carefully before taking out a loan so you are aware of the costs and what happens if you are unable to pay back the loan.
Apply Now
If you need cash quickly and need a payday loan in Marion, Ohio, TheGuaranteedLoans can help. Our online form is easy to use and you can be connected to one of our partners in minutes. Get started now and you could have the cash you need today.