Payday Loans in Mingo, Ohio

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

Company nameAddressZip codePhone number
Advance America 470 W Airport Hwy, Swanton, OH 43558 +1 (419) 335 - 1060
Farm Credit Mid-America 3910 Johnstown-Utica Rd NE, Utica, OH 43080 +1 (740) 892 - 3338
Huntington Bank 405 W 3rd St, Defiance, OH 43512 +1 (419) 782 - 5050
Wells Fargo Dealer Services 6000 Freedom Square Dr 580, Independence, OH 44131 +1 (800) 289 - 8004
CheckSmart 3441 Warsaw Ave, Cincinnati, OH 45205 +1 (513) 471 - 0548
AFC Automotive Finance Corp. 210 E Twinsburg Rd, Northfield, OH 44067 +1 (330) 468 - 6396
Express 2824 S Hamilton Rd, Columbus, OH 43232 +1 (614) 860 - 1181
Superior Credit Union 1303 E 5th St, Delphos, OH 45833 +1 (419) 692 - 2676
Woodforest National Bank 6067 N Ridge Rd, Madison, OH 44057 +1 (440) 417 - 1816
WesBanco Bank 201 S Front St, Oak Hill, OH 45656 +1 (740) 682 - 7733

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mingo, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Stow, OH, Payday Loans in Strongsville, OH, Payday Loan Without a Credit Check in Toledo, OH, Payday Loans in Warren, OH, Payday Loans in West Chester, OH, Same Day Loans in Westerville, OH, Payday Loans in Westlake, OH and Payday Loans in Youngstown, 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 Mingo, OH.

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

Mingo, OH payday loan calculator

Payday loans are a popular solution for many people facing financial difficulties. In Mingo, Ohio, payday loans are legal and can be a helpful tool for those who need access to quick cash. If you’re considering a payday loan in Mingo, Ohio, it’s essential to understand how these loans work.

What Are Payday Loans?

Payday loans are short-term loans typically used for emergency expenses. These loans are usually due on the borrower’s next payday and are often used to cover unexpected expenses like medical bills or car repairs. Payday loans are different from traditional loans because they’re usually for smaller amounts and have shorter repayment periods.

The Legality of Payday Loans in Mingo, Ohio

Payday loans are legal in Ohio, but there are limitations on how much you can borrow and how much you can be charged in interest and fees. In Ohio, payday loans can’t exceed $1,000, and the interest rate is capped at 28% APR. There’s also a maximum fee of 2.75% per month on the outstanding balance.

The Application Process for Payday Loans in Mingo, Ohio

The application process for a payday loan in Mingo, Ohio is relatively simple. Most lenders will require the borrower to provide proof of income, identification, and a checking account. The lender will then review the application and determine whether to approve or deny the loan request. If approved, the borrower will receive the funds typically within 24 hours.

Interesting Facts and Statistics About Payday Loans in Mingo, Ohio

  • The average payday loan in Ohio is $300, and the average borrower takes out eight loans per year.
  • In Mingo, Ohio, the total number of payday loan stores has increased by 15% over the past five years.
  • Ohio has one of the highest payday loan usage rates in the country, with 1 in 10 adults using a payday loan each year.
  • Despite efforts to regulate payday loans in Ohio, the state still has some of the least restrictive laws when it comes to payday lending.

Applying for a Payday Loan in Mingo, Ohio

If you need a payday loan in Mingo, Ohio, TheGuaranteedLoans can help. We aren’t a direct lender, but we can connect you with lenders who specialize in payday loans. To apply, simply fill out our online application form. We’ll review your information and connect you with a lender who may be able to help.

Remember, payday loans are only meant to be used in emergencies. Before taking out a payday loan in Mingo, Ohio, make sure you understand the terms and have a plan to repay the loan on time to avoid high-interest rates and fees.

F.A.Q.

Can I get a payday loan in Mingo, Ohio if I am a student?

Yes, students can get a payday loan in Mingo, Ohio as long as they meet the lender's eligibility requirements and can provide proof of income.

Can I get a payday loan in Mingo, Ohio if I do not have a bank account?

Yes, some payday lenders in Mingo, Ohio may offer alternative repayment methods, such as prepaid debit cards or money orders, for borrowers without a bank account. However, these options may come with additional fees. It is important to discuss your options with the lender before taking out a loan.