Hickory Personal Loan Terms and Rules in 2025

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North Carolina Hickory

Hickory Short-term Loans Terms

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

Trusted Personal Loan Lenders in Hickory, NC

Discover our curated list of Trusted Personal Loan lenders offering transparent rates, flexible terms, and exemplary customer service to empower your financial journey with confidence and ease.

Lender
User Ratings
Address
Phone
Category
First Guaranty Mortgage Corporation NMLS 2917
User Raiting:
5.00
Address: 920 Tate Blvd SE #112, Hickory, NC 28602
Phone: +1 (828) 781-1503
Category: Financial institution
North State Bank Mortgage
User Raiting:
5.00
Address: 1730 N Center St, Hickory, NC 28601
Phone: +1 (828) 404-3634
Category: Financial institution
Peoples Home Equity
User Raiting:
5.00
Address: 231 13th Ave Pl NW Suite D, Hickory, NC 28601
Phone: +1 (828) 855-9525
Category: Financial institution
Jeff Scott Nance | Fairway Independent Mortgage Corporation Loan Officer
User Raiting:
5.00
Address: 200 1st Ave NW Suite 108, Hickory, NC 28601
Phone: +1 (828) 302-1541
Category: Financial institution
Charles Hayes
User Raiting:
5.00
Address: 127 1st Ave NE, Hickory, NC 28601
Phone: +1 (828) 291-2008
Category: Financial institution
National Auto Sales 1 - Used Cars Hickory NC
User Raiting:
4.70
Address: 123 13th St SW, Hickory, NC 28602
Phone: +1 (828) 441-2271
Category: Financial institution
Mariner Finance
User Raiting:
4.70
Address: 2425 US Hwy 70 SE Ste. 101, Hickory, NC 28602
Phone: +1 (828) 431-4900
Category: Loan agency
Atlantic Bay Mortgage Group LLC- Stacy Sharpe
User Raiting:
4.70
Address: 87-A 4th St NW, Hickory, NC 28601
Phone: +1 (828) 460-5410
Category: Financial institution
State Employees’ Credit Union
User Raiting:
4.60
Address: 2875 16th St NE, Hickory, NC 28601
Phone: +1 (828) 327-2121
Category: Credit union
Members Credit Union
User Raiting:
4.40
Address: 2142 12th Ave NE, Hickory, NC 28601
Phone: +1 (828) 327-3232
Category: Credit union
Shuford Federal Credit Union
User Raiting:
4.30
Address: 882 16th St NE, Hickory, NC 28601
Phone: +1 (828) 568-1234
Category: Credit union
OneMain Financial
User Raiting:
4.30
Address: 2227 US Hwy 70 SE, Hickory, NC 28602
Phone: +1 (828) 322-4993
Category: Loan agency
Atlantic Bay Mortgage Group
User Raiting:
4.30
Address: 87 4th St NW Suite A, Hickory, NC 28601
Phone: +1 (828) 838-1230
Category: Financial institution
United Bank
User Raiting:
4.00
Address: 11 13th Ave NE, Hickory, NC 28601
Phone: +1 (828) 322-1912
Category: Bank
Regional Finance
User Raiting:
4.00
Address: 2367 US Hwy 70 SE, Hickory, NC 28602
Phone: +1 (828) 327-3333
Category: Loan agency
Telco Community Credit Union
User Raiting:
3.90
Address: 355 U.S. Hwy 70 SW, Hickory, NC 28602
Phone: +1 (828) 252-6458
Category: Credit union
State Employees’ Credit Union
User Raiting:
3.90
Address: 1130 Fairgrove Church Rd SE, Hickory, NC 28602
Phone: +1 (828) 327-4126
Category: Credit union
First Citizens Bank
User Raiting:
3.80
Address: 1855 N Center St, Hickory, NC 28601
Phone: +1 (828) 326-1161
Category: Bank
Lendmark Financial Services LLC
User Raiting:
3.40
Address: 2535 US Hwy 70 SE Suite 107, Hickory, NC 28602
Phone: +1 (828) 303-2254
Category: Loan agency
State Employees’ Credit Union
User Raiting:
3.30
Address: 3100 NC-127, Hickory, NC 28602
Phone: +1 (828) 294-0077
Category: Credit union
First Horizon Bank
User Raiting:
3.00
Address: 1420 2nd St NE, Hickory, NC 28601
Phone: +1 (828) 345-6868
Category: Bank
Welcome Finance Co
User Raiting:
3.00
Address: 730 4th St SW, Hickory, NC 28602
Phone: +1 (828) 328-2531
Category: Loan agency
Wells Fargo Bank
User Raiting:
2.80
Address: 1453 2nd St NE, Hickory, NC 28601
Phone: +1 (828) 323-2264
Category: Bank
RMC Financial
User Raiting:
2.70
Address: 2442B US-70, Hickory, NC 28602
Phone: +1 (828) 327-3333
Category: Loan agency

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 Hickory?

Discover various financial alternatives to payday loans, including credit unions, personal loans, and budgeting tools, designed to offer more sustainable and affordable solutions for managing financial challenges.

Installment Loans

Quick installment loans provide a lump sum that borrowers repay over time, with fixed monthly payments, making budgeting easier.

Guaranteed Cash Loans

Guaranteed cash loans offer immediate access to money, typically without stringent eligibility criteria, bridging financial gaps instantly.

Title Loans No Credit Check

Title loans require vehicle title as collateral, allowing borrowing without a credit check, suitable for urgent needs.

Emergency Loan

Fast emergency loans deliver immediate financial relief during unforeseen crises, covering urgent expenses with speed.

Payday Loans Online

Payday loans online provide short-term, small-dollar funding, accessible via the internet, for unexpected costs before payday.

Instant P2P Loans

Instant P2P loans connect borrowers with lenders directly on online platforms, offering flexible terms and competitive rates.

Debt Consolidation Loans

Online debt consolidation loans combine multiple debts into a single loan, simplifying repayments and often reducing interest rates.

Bad Credit Loans

Bad credit loans cater to individuals with poor credit scores, offering financial assistance despite credit challenges.

Requirements for Instant Cash Advance

  • Must be a registered member of the NGO.
  • Proof of consistent participation in NGO activities over the last six months.
  • A recommendation letter from a senior member or coordinator.
  • Valid identification documents (national ID or passport).
  • Completed application form available on the NGO's website.
  • Proof of emergency or urgent financial need.
  • Commitment to adhere to our repayment plan and guidelines.
  • Consent to terms and conditions associated with the cash advance.

How to Use Personal Loans - Useful Resources

Explore essential resources on effectively using personal loans. Learn responsible borrowing practices, understand terms, and access tools to manage finances while ensuring financial well-being for a secure future.

Industry
Address
Phone
Car Glass Replacement Shop
Address: 881 Highland Avenue Northeast, Hickory, NC 28601
Phone: +1 (828) 322-2122
Club & Association
Address: 51 14th Avenue Northeast, Hickory, NC 28601
Phone: +1 (828) 855-0210
College/University
Address: 2550 Us Highway 70 Se, Hickory, NC 28602
Phone: +1 (828) 327-7000
Dentist
Address: 1624 Tate Boulevard Southeast, Hickory, NC 28602
Phone: +1 (828) 267-6800
Do-It-Yourself Centers
Address: 1530 8th Street Drive Southeast, Hickory, NC 28602
Phone: +1 (828) 327-9200
Doctor
Address: 326 2nd Avenue Northwest, Hickory, NC 28601
Phone: +1 (828) 328-4313
Fitness Club & Center
Address: 247 1st Avenue Northwest, Hickory, NC 28601
Phone: +1 (828) 855-0210
Government Office
Address: 1441 9th Avenue Northeast, Hickory, NC 28601
Phone: +1 (828) 323-7500
Hospital
Address: 2365 Springs Road Northeast, Hickory, NC 28601
Phone: +1 (828) 256-2112
Hotel
Address: 1946 13th Avenue Drive Southeast, Hickory, NC 28602
Phone: +1 (828) 267-2100
Movie Theater
Address: 222 1st Avenue Northwest, Hickory, NC 28601
Phone: +1 (828) 322-7210
Museum
Address: 3101 John Terrell Place, Hickory, NC 28601
Phone: +1 (828) 323-1963
Post Office
Address: 2425 North Center Street, Hickory, NC 28601
Phone: +1 (828) 322-9005
Rent-a-Car Facility
Address: 3470 US Highway 70 Southwest, Hickory, NC 28602
Phone: +1 (828) 328-8959
Shopping Center
Address: 1840 US Highway 70 Southeast, Hickory, NC 28602
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How to Get to Hickory

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 Hickory

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