Denver Personal Loan Terms and Rules in 2025

Common Capital is a Help Organization dedicated to providing the public with comprehensive, accurate, and accessible online information about payday loans in North Carolina.

Table of content
Jump to

Denver Short-term Loans Terms

Legal Status Illegal
Interest Rate (APR) 36% small loan cap

Trusted Personal Loan Lenders in Denver, NC

Discover our carefully curated list of trusted personal loan lenders, committed to providing reliable, transparent, and affordable financial solutions tailored to your unique needs and circumstances.

Lender
User Ratings
Address
Phone
Category
Tracy Fritzler That Loan Chick NMLS 77138 Christensen Financial
User Raiting:
5.00
Address: 4688 Mountain Creek Ave Suite 206, Denver, NC 28037
Phone: +1 (704) 608-0916
Category: Financial institution
Meritage Homes - Canopy Creek
User Raiting:
4.40
Address: 5218 Turtle Creek Dr, Denver, NC 28037
Phone: +1 (855) 588-6374
Category: Financial institution
Peoples Bank
User Raiting:
4.30
Address: 142 NC-16 Business, Denver, NC 28037
Phone: +1 (704) 483-7727
Category: Bank
First Federal Savings Bank
User Raiting:
4.00
Address: 3768 NC-16, Denver, NC 28037
Phone: +1 (704) 489-6144
Category: Bank
Peoples Bank
User Raiting:
3.40
Address: 6125 S Nc 16 Hwy Business, Denver, NC 28037
Phone: +1 (704) 483-3050
Category: Bank

North Carolina Short-term Loan Regulations

In North Carolina, payday lending is essentially prohibited, as the state has stringent laws regarding small loans. The North Carolina Consumer Finance Act, which governs small loan businesses, caps interest rates on small loans. This cap makes traditional payday lending, with its high-interest rates and short-term loan structures, unprofitable within the state.

Specifically, the law caps the interest rate at 36% annually for consumer loans. This rate is significantly lower than the typical rates charged by payday lenders in other states. As a result, there are no payday loan storefronts in North Carolina. The state had experimented with allowing payday lending in the late 1990s and early 2000s but decided to let the authorizing law expire after concerns about predatory lending practices.

Additionally, payday lenders in North Carolina, as in all states, must comply with federal regulations, including the Truth in Lending Act, which requires lenders to disclose the cost of the loan in terms of the finance charge and the annual percentage rate (APR). The Fair Debt Collection Practices Act also applies, regulating how debts are collected and prohibiting abusive, deceptive, and unfair collection practices.

What Are the Alternatives for Short-term Loans in Denver?

Explore viable alternatives to payday loans that offer financial relief without the high costs. Discover manageable solutions that pave the way for financial stability and informed decision-making.

Installment Loans

Installment loans allow borrowers to repay through scheduled payments, offering manageable terms. With approval, they're useful for financing large purchases or consolidating debt over time.

Guaranteed Cash Loans

Guaranteed cash loans promise easy access to small amounts of money, ideal for immediate expenses. Their brief repayment timeframe requires careful financial planning.

Title Loans Online

Title loans online offer fast funds against your vehicle's title. They're high-risk loans with the vehicle as collateral, suitable only for short-term needs.

Instant Emergency Loan

An instant emergency loan provides rapid access to funds during financial crises. It typically features high interest rates and should be used cautiously.

Payday Loans Online

Payday loans online offer small amounts to be repaid by the next paycheck. They carry high fees, serving as short-term solutions for urgent financial gaps.

Fast P2P Loans

Fast P2P (peer-to-peer) loans connect borrowers directly to lenders via online platforms, offering competitive rates and terms based on creditworthiness.

No Credit Check Debt Consolidation Loans

No credit check debt consolidation loans merge multiple debts into one, simplifying repayment and lowering interest. They can help manage existing debt efficiently.

Bad Credit Loans

Bad credit loans are designed for those with poor credit history, offering necessary funds with possible higher interest. Useful for building credit when approval is challenging.

Requirements for Instant Cash Advance

  • Valid government-issued photo identification.
  • Proof of current address, such as a utility bill or lease agreement.
  • Verifiable source of income, like pay stubs or bank statements.
  • Active checking account details for direct deposit.
  • Minimum age requirement of 18 years or older.
  • Valid contact number and email address for communication.
  • A completed instant cash advance application form.
  • Consent to a credit check, if applicable.

How to Use Personal Loans - Useful Resources

Discover essential resources and tips on using personal loans wisely. Our guide offers insights to help you navigate financial challenges effectively and make informed borrowing decisions.

Industry
Address
Phone
Animal Services
Address: 7897 Natalie Commons Drive, Denver, NC 28037
Phone: +1 (704) 966-1795
Car Wash
Address: 7868 Plaza Drive, Denver, NC 28037
Phone: +1 (704) 483-6258
Club & Association
Address: 7505 Highway 73, Denver, NC 28037
Phone: +1 (704) 951-8488
Dentist
Address: 7206 Austin Smiles Court, Denver, NC 28037
Phone: +1 (980) 222-7224
Fast Food
Address: 181 Highway 16 South, Denver, NC 28037
-
Fitness Club & Center
Address: 3686 North North Carolina 16 Business Highway, Denver, NC 28037
Phone: +1 (704) 806-1779
Government Office
Address: 5751 Mcclintock Dr, Denver, NC 28037
Phone: +1 (704) 966-4366
Museum
Address: 4353 North North Carolina 16 Business Highway, Denver, NC 28037
Phone: +1 (704) 477-0987
Pharmacy
Address: 513 Brentwood Road, Denver, NC 28037
Phone: +1 (704) 972-2045
Rent-a-Car Facility
Address: 7654 Highway 73, Denver, NC 28164
Phone: +1 (704) 827-6522
Shopping Center
Address: 7180 Highway 73, Denver, NC 28037
-
Specialist
Address: 7476 Waterside Loop Road, Denver, NC 28037
Phone: +1 (866) 588-8345
Tire Service
Address: North North Carolina 16 Business Highway, Denver, NC 28037
Phone: +1 (704) 483-5111
Veterinarian
Address: 2558 North North Carolina 16 Business Highway, Denver, NC 28037
Phone: +1 (704) 483-2600

How to Get to Denver

Complaints about Short-term loan, Title Loan, or Personal Loan in North Carolina

Issue Type
Amount of Complaints
Charged fees or interest you didn't expect
284
Problem when making payments
166
Struggling to pay your loan
136
Problem with the payoff process at the end of the loan
112
Getting the loan
98
Incorrect information on your report
88
Problem with additional add-on products or services
67
Charged fees or interest I didn't expect
67
Getting a line of credit
62
Improper use of your report
32
The data is taken from consumer complaint database created by Consumer Financial Protection Bureau

Submit a Complaint for a Short-term lender in Denver

If you need to submit a complaint against a payday lender in North Carolina, the primary regulatory body is the North Carolina Commissioner of Banks. They ensure compliance with state laws governing payday loans. You can reach them at:

  • North Carolina Office of the Commissioner of Banks, 316 W. Edenton Street, Raleigh, NC 27603
  • (919) 733-3016
Submit a Complaint

Frequently Asked Questions about Short-term Loans

Are Payday Loans Legal in North Carolina?

No, payday loans are not legal in North Carolina. The state has stringent laws and regulations in place that effectively ban payday lending to protect consumers from predatory practices and high interest rates. These regulations are designed to safeguard the financial well-being of North Carolina residents.

Why are Payday Loans Prohibited?

Payday loans are prohibited in North Carolina due to concerns about the harm they can cause to borrowers. The high-cost structure of payday loans can lead individuals into cycles of debt, making it challenging to achieve financial stability. The state government has implemented these laws to prevent payday lenders from exploiting vulnerable consumers.

What Alternatives Are Available for Short-Term Financial Needs?

North Carolina offers various alternatives for individuals facing short-term financial needs. These alternatives prioritize responsible lending practices and borrower protection. Residents can explore traditional bank loans, credit unions, personal installment loans, and assistance programs provided by nonprofit organizations and government agencies.

Can Out-of-State Lenders Offer Payday Loans?

No, out-of-state payday lenders are not allowed to offer payday loans to residents in North Carolina. The state's regulations extend beyond its borders to ensure that borrowers are protected from predatory lending practices, regardless of the lender's location.

What Should I Do If I Have an Existing Payday Loan in North Carolina?

If you have an existing payday loan, it's important to know that it is not legally enforceable in North Carolina. The state's laws render such loans void. If you're facing challenges related to an existing payday loan, you can seek guidance from the North Carolina Attorney General's Office. They can provide assistance and resources to help resolve any issues associated with the loan.

Where Can I Report Unlawful Payday Lending Practices?

If you encounter any unlawful payday lending practices or believe you have been targeted by predatory lenders, it's essential to report these issues. You can report them to the North Carolina Attorney General's Office. Your report can contribute to investigations and efforts to curb predatory lending practices in the state, protecting other consumers from similar experiences. Your actions can make a difference in promoting fair and responsible lending practices in North Carolina.

North Carolina Personal Loans Near Me

Aberdeen Advance Ahoskie Albemarle Andrews Angier Apex Archdale Arden Asheboro Asheville Askewville Atlantic Beach Aurora Avon Ayden Bailey Bakersville Balsam Grove Banner Elk Barco Bayboro Beach Beaufort Belhaven Belmont Belville Bennett Benson Bermuda Run Bessemer City Beulaville Biscoe Black Mountain Bladenboro Blowing Rock Bolivia Boone Bostic Bragg Brevard Broadway Browns Summit Brunswick Bryson City Buies Creek Bunn Burgaw Burlington Burnsville Butner Calabash Camden Cameron Camp Lejeune Candler Candor Canton Carolina Beach Carrboro Carthage Cary Cashiers Castle Hayne Catawba Cedar Island Cedar Point Chadbourn Chapel Hill Charlotte Cherokee Cherryville China Grove Chocowinity City Claremont Clarkton Clayton Clemmons Clinton Clyde Coinjock Colfax Columbia Columbus Concord Connelly Springs Conover Cornelius Corolla Cove City Cramerton Creedmoor Cullowhee Dallas Danbury Davidson Deep Run Denton Denver Dobson Duck Dunn Durham East Bend Eastover Eden Edenton Elizabeth City Elizabethtown Elk Elkin Ellerbe Elm City Elon Emerald Isle Enfield Engelhard Erwin Etowah Evergreen Fair Bluff Fairmont Faith Falls Farmville Fayetteville Flat Rock Fletcher Forest City Fort Bragg Four Oaks Franklin Fuquay varina Garland Garner Gastonia Gatesville Gibsonville Glade Valley Goldsboro Goldston Graham Grandy Granite Falls Granite Quarry Grantsboro Greensboro Greenville Grifton Halifax Hamlet Hampstead Hamptonville Harbinger Harmony Harrisburg Hatteras Havelock Hayesville Henderson Hendersonville Hertford Hickory Hiddenite High Point High Shoals Highlands Hildebran Hills Hillsborough Holden Beach Holly Ridge Holly Springs Hope Mills Hubert Huntersville Indian Trail Iron Station Isle Jackson Jacksonville Jamestown Jefferson Jonesville Kannapolis Kenansville Kenly Kernersville Kill Devil Hills King Kings Mountain Kinston Kitty Hawk Knightdale La Grange Lake Lure Landis Laurel Hill Laurinburg Lawndale Lawsonville Leland Lenoir Lewiston Woodville Lexington Liberty Lillington Lincolnton Linville Littleton Locust Louisburg Lowell Lowgap Lumber Bridge Lumberton Madison Maggie Valley Maiden Manns Harbor Manteo Marble Marion Mars Hill Marshall Marshville Marvin Matthews Maxton Mayodan Mcleansville Mebane Midway Park Mill Spring Millers Creek Mills River Mint Hill Mocksville Moncure Monroe Montreat Mooresville Morehead City Morganton Morrisville Moyock Mt Airy Mt Gilead Mt Holly Mt Olive Mt Pleasant Murfreesboro Murphy Nags Head Nashville New Bern Newland Newport Newton Newton Grove Norlina North Wilkesboro Oak Island Oak Ridge Oakboro Ocean Isle Beach Ocracoke Old Fort Oriental Oxford Pembroke Pfafftown Pilot Mountain Pine Knoll Shores Pine Level Pinebluff Pinehurst Pinetops Pineville Pink Hill Pisgah Forest Pittsboro Plymouth Point Point Harbor Polkton Pope Field Powells Point Princeton Providence Raeford Raleigh Ramseur Randleman Rapids Red Springs Reidsville Research Triangle Rich Square Richfield Richlands Riegelwood Roanoke Rapids Robbins Robbinsville Robersonville Rockingham Rockwell Rocky Mount Rolesville Rose Hill Roseboro Rosman Rowland Roxboro Ruffin Rural Hall Rutherford College Rutherfordton Salemburg Salisbury Saluda Sandy Ridge Sanford Scotland Neck Seaboard Seagrove Selma Seven Lakes Shallotte Shelby Sherrills Ford Siler City Smithfield Sneads Ferry Snow Hill Southern Pines Southern Shores Southport Sparta Spindale Spring Hope Spring Lake Springs Spruce Pine St Pauls Stallings Stanfield Stanley Stantonsburg Star Statesville Stedman Stokes Stony Point Sugar Mountain Summerfield Sunset Beach Supply Surf City Swannanoa Swanquarter Swansboro Sylva Tabor City Tar Heel Tarboro Taylorsville Teachey Terrell Thomasville Traphill Trenton Troutman Troy Tryon Union Grove Valdese Vanceboro Vass Wadesboro Wagram Wake Forest Walkertown Wallace Walnut Cove Walstonburg Warrenton Warsaw Washington Waxhaw Waynesville Weaverville Weddington Wendell Wesley Chapel West End West Jefferson Whitakers Whiteville Whitsett Whittier Wilkesboro Williamston Wilmington Wilson Windsor Winnabow Winston Salem Winterville Winton Wrightsville Beach Yadkinville Yanceyville Youngsville Zebulon