Payday Loans in Moxahala, Ohio

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

Company nameAddressZip codePhone number
Hopewell Federal Credit Union JOHNSTOWN 635 W Coshocton St, Johnstown, OH 43031 +1 (740) 522 - 8311
Huntington Bank 570 N N County Line St, Fostoria, OH 44830 +1 (419) 435 - 2410
Apprisen 3050 Elm Rd NE Suite 1, Warren, OH 44483 +1 (800) 355 - 2227
Chase Bank 321 Main St, Belpre, OH 45714 +1 (740) 423 - 4111
Farmers & Merchants State Bank 7 Turtle Creek Cir, Swanton, OH 43558 +1 (419) 825 - 3339
First American Loans 320 W National Rd, Englewood, OH 45322 +1 (937) 836 - 6399
Nations Lending 30700 Center Ridge Rd 3, Westlake, OH 44145 +1 (866) 759 - 0059
Walmart Money Center 283 Goose Pond Rd, Newark, OH 43055
The Union Bank Co. 245 W Main St, Ottawa, OH 45875 +1 (800) 837 - 8111
Canton Student Loan Foundation 4974 Higbee Ave NW 204, Canton, OH 44718 +1 (330) 493 - 0020

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Moxahala, OH, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Strongsville, OH, Payday Loans in Toledo, OH, Payday Loans in Warren, OH, Emergency Loan in West Chester, OH, Payday Loans in Westerville, OH, Payday Loans in Westlake, OH, Payday Loan for Youngstown, OH and Payday Loans in Akron, 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 Moxahala, OH.

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

Moxahala, OH payday loan calculator

Understanding Payday Loans in Moxahala, Ohio

Payday loans are short-term loans that are designed to help people get through a financial emergency. They are typically easy to access and require little to no collateral or credit checks.

In Ohio, payday loans are legal, but there are restrictions in place to protect borrowers. For example, interest rates must be capped at a maximum of 28% APR and a loan cannot exceed $1,000.

How to Qualify for a Payday Loan in Moxahala, Ohio

To qualify for a payday loan in Moxahala, Ohio, you must be at least 18 years old and have a steady source of income. You will also need to provide personal information, such as your name, address, and Social Security number, as well as proof of income.

If you meet these requirements, you can apply for a payday loan online or in person at a local lender. Keep in mind that payday loans are designed to be short-term solutions and should only be used in emergency situations. They should not be relied on as a long-term financial plan.

The Benefits of Payday Loans

  • Quick access to cash in an emergency
  • No collateral required
  • No credit check required
  • May improve credit score if paid back on time

One of the biggest benefits of payday loans is their accessibility. Unlike traditional loans, payday loans do not require collateral or credit checks. This makes them a good option for people who may not have access to other types of loans.

Another benefit of payday loans is that they can be used to improve your credit score. If you take out a payday loan and pay it back on time, you can show lenders that you are a responsible borrower and may qualify for other types of loans in the future.

The Risks of Payday Loans

  • High interest rates
  • Short repayment periods
  • Potential for debt cycle

One of the biggest risks associated with payday loans is their high interest rates. In Ohio, interest rates are capped at 28% APR, but this can still result in high fees and interest charges for borrowers. Additionally, payday loans often come with short repayment periods, which can make it difficult for borrowers to pay them back on time.

Another risk associated with payday loans is the potential for a debt cycle. If you are unable to pay back your payday loan on time, you may be charged additional fees and interest charges. This can make it difficult to pay back the loan and could result in you taking out additional loans to cover the costs.

Interesting Facts and Statistics About Payday Loans in Moxahala, Ohio

  • Payday loans are legal in Ohio, but interest rates are capped at a maximum of 28% APR.
  • Ohio has some of the strongest payday loan regulations in the country.
  • Approximately 1 million payday loans are taken out in Ohio each year.
  • The average payday loan in Ohio is for $300 and has a repayment period of 14 days.
  • Ohio borrowers pay an average of $68 in fees and interest charges for every $100 they borrow.

Apply Now

If you are in need of a payday loan in Moxahala, Ohio, TheGuaranteedLoans can help. We are a connector service that can help you find potential lenders who may be able to meet your financial needs. Simply fill out our online application to get started.

Keep in mind that TheGuaranteedLoans is not a direct lender and does not make lending decisions. We simply connect you with potential lenders and facilitate the loan application process.

If you have any questions or concerns about the payday loan process, our customer service team is available to help. Contact us today for more information.

F.A.Q.

Are there any protections for borrowers in Moxahala, Ohio when it comes to payday loans?

Yes, there are protections for borrowers in Moxahala, Ohio when it comes to payday loans. For example, lenders must provide borrowers with a written disclosure statement outlining the terms of the loan, including the interest rate and fees. Additionally, lenders are prohibited from engaging in abusive or unfair lending practices.

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

Before taking out a payday loan in Moxahala, Ohio, it is important to carefully consider your financial situation and whether a payday loan is the best option. You should also compare rates and fees from multiple lenders to ensure you are getting the best deal possible. Additionally, it is important to have a plan in place to repay the loan on time to avoid any negative consequences.