Payday Loans in Waterloo, Ohio

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

Company nameAddressZip codePhone number
Check `n Go 3109 Navarre Ave Suite B, Oregon, OH 43616 +1 (419) 698 - 4876
Third Federal Savings & Loan 35592 Detroit Rd, Avon, OH 44011 +1 (440) 937 - 3700
NLC Loans 4 Summit Park Dr #200, Independence, OH 44131 +1 (877) 480 - 8050
Fifth Third Bank & ATM 409 Lear Rd, Avon Lake, OH 44012 +1 (440) 930 - 5088
Pay Day Cash Advance 23575 Lorain Rd, North Olmsted, OH 44070 +1 (440) 779 - 0080
Advance America 2135 E Main St, Springfield, OH 45503 +1 (937) 322 - 8771
Leesburg Federal Savings Bank 45 E Main St, Leesburg, OH 45135 +1 (937) 780 - 2281
Huntington Bank 301 S 4th St, Toronto, OH 43964 +1 (740) 537 - 1808
Fort Jennings State Bank 120 E Main St, Ottoville, OH 45876 +1 (419) 453 - 2527
Towpath Credit Union 2500 N Turkeyfoot Rd, Akron, OH 44319 +1 (330) 664 - 4700

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Waterloo, OH, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Cuyahoga Falls, OH, Payday Loans in Dayton, OH, Guaranteed Loans in Delaware, OH, Short-term Loans in Dublin, OH, No Credit Check Loans in Elyria, OH, Payday Loans in Euclid, OH, Payday Loan Without a Credit Check in Fairborn, OH and Emergency Loan in Fairfield, 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 Waterloo, OH.

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

45688

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

Waterloo, OH payday loan calculator

Payday Loans in Waterloo, Ohio: A Comprehensive Guide

If you live in Waterloo, Ohio and are in need of some quick cash to cover an unexpected expense or tide you over until your next paycheck, you may be considering a payday loan. While payday loans are legal in Ohio, it’s important to understand the regulations surrounding them and make an informed decision.

What is a payday loan?

A payday loan is a type of short-term loan that is typically due on your next payday. They are usually for small amounts, ranging from $50 to $1,000, and are meant to be a temporary solution to a financial problem. The borrower must usually provide proof of employment and income to qualify for a payday loan.

Are payday loans legal in Ohio?

Yes, payday loans are legal in Ohio, but they are subject to certain regulations to protect consumers. The Ohio Short Term Loan Act governs payday lending in the state and requires lenders to be licensed. The law also caps the interest rate on payday loans at 28% APR and limits the amount of the loan to $1,000 or 25% of the borrower’s gross monthly income, whichever is less. Additionally, borrowers may only take out one payday loan at a time and must wait at least 45 days between loans.

How do I apply for a payday loan in Waterloo, Ohio?

To apply for a payday loan in Waterloo, Ohio, you can visit a licensed lender in person or apply online. The application process is usually quick and simple, and you can typically receive your loan funds within one business day.

  • Make sure the lender you choose is licensed by the Ohio Department of Commerce, and check their Better Business Bureau rating to ensure they have a good reputation.
  • Read all the terms and conditions of the loan carefully before signing any paperwork or agreeing to anything online.
  • Be sure you can repay the loan on time, including any fees and interest that may be charged.
  • If you are struggling to repay your payday loan, contact the lender right away to discuss your options.

What are the risks of taking out a payday loan?

While payday loans can be a helpful tool in certain situations, they are not without their risks. Some of the potential drawbacks of payday loans include:

  • High interest rates: Payday loans can have extremely high interest rates, sometimes as much as 400% APR. This can make them very expensive if you are unable to repay them on time.
  • Debt cycle: If you are unable to repay your payday loan on time, the lender may offer to roll it over into a new loan. This can result in a cycle of debt that can be difficult to break out of.
  • Impact on credit score: If you default on a payday loan, it can have a negative impact on your credit score.
  • Collection calls and legal action: If you fail to repay your payday loan, the lender may take legal action against you or hire a collections agency to pursue the debt.

Interesting facts and statistics about payday loans in Waterloo, Ohio

  • As of 2021, there are over 500 licensed payday lenders in Ohio.
  • The average payday loan in Ohio is $350.
  • In 2019, Ohioans took out more than 1 million payday loans, with an average APR of 294%.

Apply Now

If you decide that a payday loan is the right option for you, TheGuaranteedLoans can help you connect with a licensed lender in Waterloo, Ohio. We are a connector service, not a direct lender, and we make it easy to apply online from the comfort of your own home. Simply fill out our online application form, and we will match you with lenders who may be able to offer you a loan. Remember to borrow responsibly and only take out a loan if you are confident that you can repay it on time.

F.A.Q.

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

No, you cannot be sued or arrested for not repaying a payday loan in Waterloo, 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 Waterloo, Ohio?

Yes, there are restrictions on the number of payday loans that you can take out in Waterloo, 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.