Payday Loans in Ross, Ohio

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

Company nameAddressZip codePhone number
First American Loans 640 F Nilles Road, Fairfield, OH 45014 +1 (513) 858 - 6600
Walmart Money Center 2145 Eastern Ave, Gallipolis, OH 45631
7 17 Credit Union - Howland Branch 100 Brewster Dr SE, Warren, OH 44484 +1 (330) 609 - 5300
Ohio Loan Co. 1171 W Third St, Dayton, OH 45402 +1 (937) 228 - 5991
Dollar Bank 3115 W 25th St, Cleveland, OH 44109 +1 (216) 621 - 8000
Cashland 101 N Sandusky Ave, Bucyrus, OH 44820 +1 (419) 563 - 2842
ATM First Federal Lakewood 20425 Center Ridge Rd, Rocky River, OH 44116 +1 (440) 895 - 9586
Johnson Brothers' Jewelry & Loan 32 S Park St, Mansfield, OH 44902 +1 (419) 522 - 7296
Cash America Pawn 5620 Cleveland Ave, Columbus, OH 43231 +1 (614) 394 - 0010
Peoples National Bank 110 N Main St, New Lexington, OH 43764 +1 (740) 342 - 5111

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ross, OH, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Fairfield, OH, Payday Loan Without a Credit Check in Findlay, OH, Same Day Loans in Grove City, OH, Payday Loans in Hamilton, OH, Payday Loans in Hilliard, OH, Payday Loans in Lakewood, OH, Online Loans in Lancaster, OH and Quick Loan in Lima, 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 Ross, OH.

Beautiful sights of Ross, OH

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

45061

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

Ross, OH payday loan calculator

Payday loans have become a popular solution for those in need of quick cash. These loans are designed to be repaid on the borrower’s next payday and are typically easier to qualify for than traditional loans. While payday loans can be helpful in a financial pinch, it’s important to understand the regulations and laws surrounding them in your state. In this article, we will delve into the topic of payday loans in Ross, Ohio, a state that legally permits payday loans at a low cost.

What Are Payday Loans?

Before we dive into payday loans in Ross, Ohio, let’s get a better understanding of what payday loans are. A payday loan is a type of short-term loan that is designed to be paid back on the borrower’s next payday. These loans are typically smaller in amount and are easy to qualify for since they don’t require a credit check.

The loan amount is usually determined by the borrower’s income and can range from a few hundred to a few thousand dollars. To receive a payday loan, the borrower must provide proof of income, a valid ID, and a post-dated check for the loan amount plus interest and fees.

Are Payday Loans Legal in Ross, Ohio?

Yes, payday loans are legal in Ross, Ohio. The state has enacted the Ohio Short-Term Loan Act, which regulates the terms and fees associated with payday loans. According to the law, lenders must follow specific guidelines that are in place to protect the borrower. This includes limiting the loan amount to $1,000 or 25% of the borrower’s gross monthly income, whichever is less.

Lenders are also required to charge a maximum APR of 28% on loans up to $400 and 22% on loans above $400. Additionally, lenders can charge a maximum loan origination fee of 2% or $30, whichever is less. These regulations are in place to ensure that borrowers are not charged excessive fees and interest rates.

What Are the Benefits of Payday Loans in Ross, Ohio?

While payday loans are not for everyone, there are several benefits to taking out a payday loan in Ross, Ohio.

  • Quick Access to Funds: With payday loans, borrowers can receive the funds they need quickly. Unlike traditional loans, payday loans don’t require a lengthy application process or credit check. This means that borrowers can receive their funds within a few hours or the next business day.
  • No Credit Check: Payday loans don’t require a credit check, making them a viable option for those with poor credit scores.
  • Flexible Repayment Terms: Payday loans have flexible repayment terms that are designed to work with the borrower’s budget. The loan can be repaid on the borrower’s next payday or can be extended for a fee.

It’s important to keep in mind that payday loans do come with high interest rates and fees. Borrowers should only take out a payday loan if they can afford to repay it on time.

Interesting Facts and Statistics about Payday Loans in Ross, Ohio

  • In 2019, Ohio paid off more than $502 million in payday loans.
  • Payday loan lenders in Ohio charged an effective APR of 591% on average in 2019.
  • Studies have shown that the majority of payday loan borrowers in Ohio have an annual income of less than $40,000.

Apply Now

If you need quick cash and are considering a payday loan, visit TheGuaranteedLoans website to fill out an online application. We are a connector service that will connect you with potential lenders in Ross, Ohio. It’s important to note that we are not a direct lender and do not make lending decisions.

When filling out an application, be prepared to provide your personal information, proof of income, and a valid ID. Once your application is submitted, we will match you with potential lenders who may be able to provide you with the funds you need. It’s important to carefully review the terms and conditions of any loan offer before agreeing to it.

Conclusion

Payday loans can be a helpful resource for those in need of quick cash. However, it’s important to understand the regulations and laws surrounding payday loans in your state. In Ross, Ohio, payday loans are legal and regulated by state law to ensure that borrowers are not charged excessive fees and interest rates.

Before taking out a payday loan, borrowers should consider all of their options and ensure that they can afford to repay the loan on time. If you’re considering a payday loan, visit TheGuaranteedLoans website to fill out an online application and connect with potential lenders in Ross, Ohio.

F.A.Q.

How do I repay a payday loan in Ross, Ohio?

You can repay a payday loan in Ross, Ohio by providing the lender with a post-dated check or authorizing them to withdraw the funds electronically from your bank account on the due date. You can also repay the loan in full or in part at any time before the due date without incurring any additional charges or fees.

What if I cannot repay a payday loan in Ross, Ohio on time?

If you cannot repay a payday loan in Ross, Ohio on time, you have the right to request an extended payment plan from the lender. Under this plan, the lender must allow you to make at least four payments over a 60-day period, with no additional fees or charges.