Payday Loans in Mount Cory, Ohio

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

Company nameAddressZip codePhone number
Central Ohio Mortgage 1103 Schrock Rd, Columbus, OH 43229 +1 (614) 885 - 6678
Putnam County Job & Family Services 575 Ottawa-Glandorf Rd 1, Ottawa, OH 45875 +1 (800) 523 - 5799
U.S. Bank Branch 203 S Broadway St, Spencerville, OH 45887 +1 (419) 647 - 4121
Polaris Home Funding Corp 816 3rd St suite a, Marietta, OH 45750 +1 (304) 527 - 8254
Loanmax Title Loans 675 E 2nd St, Franklin, OH 45005 +1 (937) 356 - 6620
Advance America 2705 Hubbard Rd, Madison, OH 44057 +1 (440) 428 - 2936
Huntington Bank 332 E Main St, Ottawa, OH 45875 +1 (419) 523 - 6880
Ohio Title Loans 802 US-22, Wilmington, OH 45177 +1 (937) 200 - 3458
KeyBank 1920 Tiffin Ave, Findlay, OH 45840 +1 (419) 423 - 3212
Lakeview Federal Credit Union 583 S Broadway, Geneva, OH 44041 +1 (440) 415 - 9900

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mount Cory, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hilliard, OH, Payday Loans in Lakewood, OH, Payday Loan Without a Credit Check in Lancaster, OH, Bad Credit Loans in Lima, OH, Online Loans in Lorain, OH, Payday Loans in Mansfield, OH, Payday Loan for Marion, OH and Payday Loan Without a Credit Check in Mason, 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 Mount Cory, OH.

Beautiful sights of Mount Cory, OH

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

45868

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

Mount Cory, OH payday loan calculator

Payday loans, also known as cash advances or paycheck advances, are short-term loans that are meant to help individuals bridge the gap between paychecks. In Mount Cory, Ohio, payday loans are legal and available to those who need them at a low cost. These loans have become popular due to their ease of accessibility and quick turnaround time. However, they are not without their risks and potential drawbacks. In this article, we will explore all aspects of payday loans in Mount Cory, Ohio.

How Payday Loans Work in Mount Cory, Ohio

Payday loans are typically small loans, usually ranging from $50 to $1,000, with repayment terms of two to four weeks. The loans are secured by the borrower’s next paycheck, and the interest rates and fees associated with the loan can be quite high. However, in Ohio, payday loans are regulated by the Short-Term Lender Law, which limits the interest rate that lenders can charge to 28% APR and requires them to cap fees at no more than $20 per $100 borrowed.

To apply for a payday loan in Mount Cory, Ohio, you will need to provide proof of your income and employment status, as well as a valid government-issued ID. Once approved, you will need to provide the lender with a post-dated check or give them access to your bank account to ensure repayment of the loan.

The Benefits of Payday Loans

  • Quick access to funds
  • No credit check required
  • Easy application process
  • Can be helpful in emergencies

For individuals who need access to cash quickly, payday loans can be a useful tool. These loans require minimal documentation and can be approved in a matter of hours, allowing borrowers to get the money they need when they need it. Additionally, payday loans do not require a credit check, making them accessible to those with poor or limited credit. This can be a major benefit for those who have been denied other forms of credit due to their credit history.

The Downside of Payday Loans

  • High interest rates and fees
  • Short repayment terms
  • Potential for debt cycle

The high interest rates and fees associated with payday loans can be a major downside for borrowers. In Ohio, lenders are limited to charging no more than 28% APR, but this can still be significantly higher than other forms of credit. Additionally, the short repayment terms of payday loans can make it difficult for borrowers to repay the loan on time, leading to additional fees and charges. Finally, there is the potential for a debt cycle to develop, as borrowers may be tempted to take out additional loans to cover the cost of the initial loan.

Interesting Facts and Statistics About Payday Loans in Mount Cory, Ohio

  • The average payday loan amount in Ohio is $342.
  • Ohio has more than 650 payday lending storefronts.
  • In 2020, payday lenders in Ohio made more than 800,000 loans, totaling nearly $330 million.
  • The vast majority of payday loans in Ohio are made to repeat borrowers.

These statistics highlight the popularity of payday loans in Ohio and the potential for borrowers to get caught in a debt cycle, as many loans are made to repeat borrowers. It is essential that those considering payday loans understand the risks and ensure that they can repay the loan on time.

Apply Now

If you need access to cash quickly and are considering a payday loan in Mount Cory, Ohio, TheGuaranteedLoans can help. We are a connector service that matches borrowers with potential lenders. Our application process is straightforward and can be completed online in just minutes. Remember, payday loans are not a long-term solution and should only be used for emergencies. If you have questions about payday loans or need help finding the right lender, don’t hesitate to contact us.

F.A.Q.

Can I file a complaint against a payday lender in Mount Cory, Ohio if I feel that they have violated state or federal laws?

Yes, you can file a complaint against a payday lender in Mount Cory, Ohio if you feel that they have violated state or federal laws. You can file a complaint with the Ohio Department of Commerce, the Consumer Financial Protection Bureau, or the Federal Trade Commission.

What happens if I default on a payday loan in Mount Cory, Ohio?

If you default on a payday loan in Mount Cory, Ohio, the lender may use collection methods, such as contacting you by phone or mail, reporting the debt to credit bureaus, or garnishing your wages, to collect the debt. Defaulting on a payday loan can also damage your credit score and make it more difficult to obtain credit in the future.