Payday Loans in Tuscarawas, Ohio

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

Company nameAddressZip codePhone number
Kidron Kars Inc. 97 Kidron Rd 9647, Orrville, OH 44667 +1 (330) 682 - 5277
Loan Protector 6001 Cochran Rd # 401, Solon, OH 44139 +1 (440) 498 - 9370
WesBanco Bank 200 2nd St, Marietta, OH 45750 +1 (740) 373 - 0237
First Financial Bank 202 N Main St, Delphos, OH 45833 +1 (419) 695 - 8110
Fifth Third Bank & ATM 1235 N 21st St, Newark, OH 43055 +1 (740) 366 - 3330
First Federal Bank 118 S Sandusky Ave, Upper Sandusky, OH 43351 +1 (419) 294 - 5781
Woodforest National Bank 70 Hospitality Dr, Xenia, OH 45385 +1 (937) 372 - 8852
Farmers National Bank 4518 Fulton Dr NW 100, Canton, OH 44718 +1 (330) 494 - 5665
Superior Auto, Inc 827 E State St, Fremont, OH 43420 +1 (567) 280 - 1444
Check Into Cash 4545 Roosevelt Blvd, Middletown, OH 45044 +1 (513) 727 - 8224

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tuscarawas, OH, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in West Chester, OH, Payday Loans in Westerville, OH, Guaranteed Loans in Westlake, OH, Payday Loans in Youngstown, OH, Payday Loans in Akron, OH, 24-Hour Loan in Bowling Green, OH, Short-term Loans in Brunswick, OH and 24-Hour Loan in Canton, 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 Tuscarawas, OH.

Beautiful sights of Tuscarawas, OH

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

44692, 44682

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

Tuscarawas, OH payday loan calculator

Payday Loans in Tuscarawas, Ohio

If you find yourself struggling to make ends meet or facing unexpected expenses, you may be considering taking out a payday loan. Payday loans are a type of short-term loan that can provide you with quick access to cash when you need it.

In Ohio, payday loans are legal and regulated. The Ohio payday lending law was passed in 2018, which brought significant changes to payday lending practices in the state. Under the new law, payday loan interest rates are capped at 28% APR, and loan amounts are limited to $1,000 or 25% of the borrower’s gross monthly income, whichever is less. The loan term must also be at least 91 days and no more than 1 year.

While payday loans can be a helpful resource for those in need of quick cash, it’s important to understand how they work and the potential risks involved.

How Do Payday Loans Work?

A payday loan is typically a small loan that is due to be repaid on your next payday, hence the name “payday loan.” The process of getting a payday loan is often easy and straightforward. You typically need to provide proof of income, such as a pay stub or bank statement, and a valid ID.

Once approved, you’ll typically receive the funds in your bank account within a few business days. When the loan is due, the lender will automatically withdraw the amount due from your bank account, along with any fees or interest charges.

The Risks of Payday Loans

While payday loans can be a helpful resource for those in need of quick cash, they come with significant risks. The high-interest rates and fees associated with payday loans can quickly pile up, making it difficult to repay the loan on time. This can trap borrowers in a cycle of debt, as they must continually take out new loans to pay off the old ones.

If you are unable to repay the loan on time, you may also face additional fees and penalties. In some cases, lenders may even take legal action to collect on the debt, which can result in wage garnishment or other serious consequences.

Interest Rates and Fees

Under Ohio law, payday loan interest rates are capped at 28% APR. This means that if you borrow $100 for 14 days, the most you can be charged in interest and fees is $10.82.

It’s important to carefully review the terms and conditions of any payday loan you are considering, including the interest rate and any fees or penalties. Make sure you understand how much the loan will cost you in total and whether you will be able to afford to repay it on time.

Interesting Facts and Statistics about Payday Loans in Tuscarawas, Ohio

  • As of 2021, there are over 1,000 payday lending locations operating in Ohio.
  • The average payday loan amount in Ohio is $325.
  • In 2020, the Ohio Department of Commerce reported receiving 1,350 complaints about payday lending.
  • Ohio is one of 32 states that allows payday lending.

Apply Now

If you’re considering a payday loan in Tuscarawas, Ohio, TheGuaranteedLoans can help you connect with potential lenders. Our online application process is fast and easy, and we work with a network of trusted lenders to help you find the best loan for your needs.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We cannot guarantee loan approval or provide specific lending terms. However, we will work to facilitate your connection with potential lenders and provide you with the resources you need to make an informed decision.

If you’re ready to apply for a payday loan in Tuscarawas, Ohio, simply fill out our online application to get started. Our team is here to help you every step of the way.

F.A.Q.

Can a payday lender garnish my wages if I default on a payday loan in Tuscarawas, Ohio?

Yes, a payday lender can garnish your wages if you default on a payday loan in Tuscarawas, Ohio. However, the lender must first obtain a court order, and they can only garnish up to 25% of your disposable earnings per week. You have the right to request a hearing to challenge the garnishment, and you cannot be fired from your job for having your wages garnished.

What is a payday loan in Tuscarawas, Ohio?

A payday loan is a short-term, high-interest loan that is typically used to cover unexpected expenses or to bridge a financial gap until the borrower's next payday.