Payday Loans in Summitville, Ohio

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

Company nameAddressZip codePhone number
Chase Mortgage 205 W Market St, Celina, OH 45822 +1 (419) 586 - 6668
Check Into Cash 1031 High Street, Hamilton, OH 45011 +1 (513) 863 - 2178
Moorman Harting & Co 815 W Main St, Coldwater, OH 45828 +1 (419) 678 - 4814
Park National Bank: Canal Winchester Office 6195 Gender Rd, Canal Winchester, OH 43110 +1 (614) 920 - 2454
Loanmax Title Loans 6143 County Rd 107, Proctorville, OH 45669 +1 (740) 886 - 2051
Huntington Mortgage Group Maumee St , Bowling Green, OH 43402, Bowling Green, OH 43402 +1 (419) 353 - 0940
Northwest Bank 49 S Main St, Oberlin, OH 44074 +1 (440) 775 - 1361
Cashland 1157 Young St, Portsmouth, OH 45662 +1 (740) 354 - 1114
Loanmax Title Loans 609 E Perkins Ave, Sandusky, OH 44870 +1 (567) 998 - 7210
WesBanco Bank 102 E Main St, Freeport, OH 43973 +1 (740) 658 - 3370

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Summitville, OH, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Warren, OH, Emergency Loan in West Chester, OH, Same Day Loans in Westerville, OH, Short-term Loans in Westlake, OH, Same Day Loans in Youngstown, OH, Online Loans in Akron, OH, Payday Loans in Bowling Green, OH and Payday Loans in Brunswick, 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 Summitville, OH.

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

43962

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

Summitville, OH payday loan calculator

Payday Loans in Summitville, Ohio: Everything You Need to Know

Life is often unpredictable, and unexpected expenses can pop up out of nowhere. Maybe your car broke down, or you have a medical emergency, or you need to pay your bills before your next paycheck. Whatever the reason, when you find yourself in need of quick cash, a payday loan might seem like a good option.

In Summitville, Ohio, payday loans are legal and available at a low cost for those who need them. But before you take out a loan, it’s essential to understand what payday loans are, how they work, and what risks they carry.

What Are Payday Loans?

A payday loan is a short-term loan designed to help you cover unexpected expenses until your next paycheck. Typically, payday loans have a repayment period of two to four weeks, and they’re usually for smaller amounts of money.

To take out a payday loan, you’ll need to provide proof of income and identification. When you’re approved, the lender will give you the money you need, and you’ll agree to repay the loan plus fees and interest on your next payday. If you can’t repay the loan on time, the lender may roll over the loan, meaning they’ll extend the due date but charge you additional fees and interest.

Are Payday Loans Legal in Summitville, Ohio?

Yes, payday loans are legal in Summitville, Ohio. Ohio has specific laws regulating payday loans to protect consumers from predatory lending practices. These laws include:

  • A maximum loan amount of $1,000
  • A maximum interest rate of 28%
  • A minimum loan term of 91 days
  • A maximum loan term of one year
  • No rollovers or extensions allowed

These laws are designed to ensure that payday loans in Ohio are fair and affordable for borrowers.

The Risks of Payday Loans

While payday loans can be a convenient way to get quick cash, they also come with significant risks. The main risk is that the high fees and interest rates associated with payday loans can make it challenging to repay the loan, leading to a cycle of debt that can be difficult to break out of.

In addition, many payday lenders use aggressive tactics to collect payment, including contacting borrowers’ employers or family members. This can be embarrassing and stressful for borrowers, making an already difficult situation even worse.

Interesting Facts and Statistics about Payday Loans in Summitville, Ohio

  • In Ohio, the average payday loan is for $361, and the average APR is 591%.
  • Ohio residents take out 1.5 million payday loans per year, totaling $502 million in fees.
  • 17% of Ohioans have taken out a payday loan in the past five years.
  • Ohio’s payday lending industry employs more people than McDonald’s and Wendy’s combined.

Apply Now

If you’re in Summitville, Ohio, and need a payday loan, TheGuaranteedLoans is here to help. We’re a connector service, not a direct lender, and we’ll facilitate your connection with potential lenders who can offer you a loan that meets your needs. Simply fill out our online application, and we’ll help you find the cash you need to cover your unexpected expenses. Applying for a loan with TheGuaranteedLoans is safe, secure, and straightforward, so why wait? Apply now and get the cash you need today!

Remember, though, that payday loans can be risky, so be sure to carefully read the terms and conditions before you sign on the dotted line. And if you have any questions or concerns, don’t hesitate to reach out to us – we’re here to help.

F.A.Q.

Can I be sued or arrested for not repaying a payday loan in Summitville, Ohio?

No, you cannot be sued or arrested for not repaying a payday loan in Summitville, Ohio. However, the lender may use other collection methods, such as contacting you by phone or mail, reporting the debt to credit bureaus, or garnishing your wages, to collect the debt.

Are there any restrictions on the number of payday loans that I can take out in Summitville, Ohio?

Yes, there are restrictions on the number of payday loans that you can take out in Summitville, Ohio. You cannot take out more than two payday loans at a time, and you cannot take out more than four payday loans in a 12-month period.