Ohio payday loans are short term loans, also called cash advance loans, meant for emergency purposes when other methods have not worked. These loans are still prevalent and used every day. They are still a convenient, fast way to get quick cash in an emergency.
There are many reasons someone may request an online payday loan in Ohio. Things that can happen unexpectedly like:
Usually, people have exhausted their credit cards and cannot get traditional loans, much less wait weeks or months to get one. And you probably have used up all your favors from family or friends.
But many people qualify for payday loans online. And we serve all Ohio cities, including Cleveland, Canton, Cincinnati, Columbus, Toledo, Akron, lima, Dayton, Youngstown, Elyria, Springfield, Hamilton, Zanesville, Middletown, Belpre, and Portsmouth.
Like many states, Ohio has created new payday loan laws to protect consumers from unethical lenders. The changes are in line with many other states, and licensed, well-run lenders are happy to comply. Here are a few key points:
Source: Payday Loan Law and Legislation in Ohio
Online payday loans in Ohio work like storefront loans in Ohio. Lenders must be licensed and follow all guidelines as stipulated by Ohio law. The first step is completing an online loan request form. It is short, secure, and easy to complete. It is less than a full-page, and anyone can complete it right from their smartphone, pad, or PC. After submitting the request, users will get an answer in 90 seconds or less.
If approved, you are connected directly with your lender in seconds. The entire process often takes 5 minutes or less to complete. Once a lender contacts you, plan to spend an additional 15 minutes or so reviewing your terms and condition, getting answers to all your questions, and either agreeing to accept the loan or not. We are not a lender but a referral service with many licensed, direct payday lenders to serve you.
Eligibility for an online Ohio payday loan is very similar to most states. Some of the basic requirements are:
There may be other criteria that your lender will go over if necessary.
Our lenders are licensed in the states they do business in. Some are not licensed in Ohio, which means they will not see any loan request you make.
We have helped more than 500,000 Americans, including many Ohioans, get emergency cash when they need it fast. We have been in business for more than 15 years, so we are a trusted source for you. Approved payday loans are funded the next business day, so no long waits like traditional loans. Because we refer you to many lenders, we increase your odds of approval even if you have bad credit. Also, lenders do not perform hard credit checks in Ohio when considering your loan request. And online is the fastest way to apply for a loan.
You can only have 1 loan per lender in Ohio. You may have more than 1 loan if it is with another lender, but the total amount of your loans cannot exceed $2,500.
None, there are no rollovers allowed in Ohio.
This depends on the lender. Most lenders send unpaid loans to collection agencies who may contact you repeatedly about your debt. They can also take you to civil court and win an award of all outstanding debt to be paid. However, there cannot be any criminal charges for failure to pay loan debt in Ohio.
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