Payday Loans in Summit Station, Ohio

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

Company nameAddressZip codePhone number
Buckeye Gold Coin & Jewelry 720 N Memorial Dr, Lancaster, OH 43130 +1 (740) 652 - 4232
ATM Ohio Educational Credit Union 1075 Linden Ave, Zanesville, OH 43701
Commodore Bank 100 E Main St, Somerset, OH 43783 +1 (740) 743 - 1349
Huntington Bank 580 Hebron Rd, Heath, OH 43056 +1 (740) 522 - 2144
U.S. Bank Atm 197 E Emmitt Ave, Waverly, OH 45690 +1 (800) 872 - 2657
U.S. Bank Branch 304 N High St, Hillsboro, OH 45133 +1 (937) 393 - 3443
Loanmax Title Loans 1840 Brice Rd, Reynoldsburg, OH 43068 +1 (614) 452 - 5891
Huntington Bank 222 E Broadway, Granville, OH 43023 +1 (740) 587 - 3133
Thrivent Financial 4773 Brinker St SW, Navarre, OH 44662 +1 (330) 904 - 5118
First American Loans 726 E Main St e, Lebanon, OH 45036 +1 (513) 932 - 3004

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Summit Station, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in North Olmsted, OH, Payday Loan for North Ridgeville, OH, Guaranteed Loans in North Royalton, OH, Payday Loan Companies in Reynoldsburg, OH, Payday Loans in Springfield, OH, Payday Loans in Stow, OH, Payday Loans in Strongsville, OH and Payday Loans in Toledo, 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 Summit Station, OH.

Beautiful sights of Summit Station, OH

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

00000

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

Summit Station, OH payday loan calculator

Payday Loans in Summit Station, Ohio: Everything You Need to Know

Are you facing a financial emergency and looking for quick cash to get through it? Payday loans may provide a solution to your financial troubles. In Ohio, payday loans are legal, affordable, and a go-to solution for thousands of people who need instant cash. Summit Station, Ohio, is no exception, and as such, this guide will provide an overview of payday loans in Summit Station, Ohio.

What Are Payday Loans?

A payday loan, also known as a cash advance, is a type of short-term loan that you repay on your next payday. The loans typically range from $100-$1000, and you can usually obtain them quickly and without a credit check. Once approved, the loan amount is usually deposited into your bank account within 24 hours.

What Are the Requirements for Obtaining a Payday Loan in Summit Station, Ohio?

If you are a resident of Summit Station, Ohio, and want to obtain a payday loan, you must meet the following requirements:

  • You must have a steady source of income or employment.
  • You must be at least 18 years old.
  • You must have a valid government-issued ID or driver’s license.
  • You must have an active bank account.

If you meet these requirements, you are eligible to apply for a payday loan in Summit Station, Ohio.

What Are the Advantages of Payday Loans?

Payday loans offer several advantages, including:

  • Quick and easy access to cash: Payday loans offer a fast way to access money when you need it urgently. The loan approval process is quick, and the funds are usually deposited into your bank account within hours or the next business day.
  • No credit check: You can apply for a payday loan even with bad credit, as most lenders do not perform credit checks. Your employment and income are the primary factors considered when approving you for a loan.
  • Flexibility: You can use the loan for any purpose, as long as it’s legal. Whether you need to pay your bills, fix your car, or handle emergency medical expenses, payday loans offer the flexibility to access cash when you need it.

What Are the Risks of Payday Loans?

While payday loans offer a quick solution to your financial emergencies, they also carry risks, including:

  • High-interest rates: Payday loans come with high-interest rates compared to traditional loans. The high-interest rates make it difficult to repay the loan on time and can lead to a cycle of debt.
  • Short payment terms: Payday loans must be repaid within a short time, usually on your next payday. This short repayment term can put a strain on your finances, especially if you are unable to pay the loan on time.
  • Scams: Some fraudulent lenders prey on vulnerable borrowers, and you should be wary of such lenders. Avoid lenders that ask for upfront fees or offer guaranteed approval without verifying your income or employment status.

Interesting Facts and Statistics about Payday Loans in Summit Station, Ohio

Here are some facts and statistics about payday loans in Summit Station, Ohio:

  • Ohio has some of the highest interest rates for payday loans in the country, with an average APR of 667%.
  • A recent study showed that Ohio borrowers pay over $500 million in fees annually for payday loans.
  • The Ohio Supreme Court recently ruled that payday lenders can no longer operate under the Mortgage Lending Act, meaning lenders must now be licensed under the Ohio Short-Term Loan Act.

Apply Now for a Payday Loan in Summit Station, Ohio

If you need a payday loan in Summit Station, Ohio, visit TheGuaranteedLoans website and fill out our online application form. We are a connector service that connects you with potential lenders who can offer you a loan that meets your needs. Please note that we are not a direct lender and do not guarantee loan approval.

Remember to only borrow what you can repay, and ensure you understand the terms of the loan before accepting it. Contact us if you have any questions or concerns.

F.A.Q.

How do I repay a payday loan in Summit Station, Ohio?

You can repay a payday loan in Summit Station, 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 Summit Station, Ohio on time?

If you cannot repay a payday loan in Summit Station, 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.