Rolesville Personal Loan Terms and Rules in 2025

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North Carolina Rolesville

Rolesville Short-term Loans Terms

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

Trusted Personal Loan Lenders in Rolesville, NC

Discover our carefully selected, trusted personal loan lenders committed to providing reliable financial solutions tailored to your needs, ensuring transparency and security for every borrower.

Lender
User Ratings
Address
Phone
Category
Steven Dieckhaus
User Raiting:
5.00
Address: 300 Southtown Circle, 202 203 Suite C-201, Rolesville, NC 27571
Phone: +1 (919) 601-7134
Category: Financial institution
Terri A Simmons, CPA Pllc
User Raiting:
5.00
Address: 6350 Rogers Rd, Rolesville, NC 27571
Phone: +1 (919) 453-2275
Category: Financial institution
State Employees’ Credit Union
User Raiting:
4.60
Address: 5801 Rogers Rd, Rolesville, NC 27571
Phone: +1 (919) 570-1036
Category: Credit union
SunTrust
User Raiting:
2.70
Address: 401 S Main St, Rolesville, NC 27571
Phone: +1 (919) 679-0029
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 Rolesville?

Explore various safer financial options to manage unexpected expenses and avoid the high costs and risks associated with payday loans. Learn about budgeting, credit counseling, and community resources.

Installment Loans Fast

Installment loans allow borrowers to repay their loan over multiple scheduled payments, making budgeting easier. They're ideal for larger expenses with predictable payments over a specified period.

Guaranteed Cash Loans

Guaranteed cash loans offer quick access to funds with minimal requirements. They're suitable for immediate financial needs and can be accessed even if borrowers have credit challenges.

Title Loans Instant

Title loans use your vehicle as collateral for a short-term loan. Keep your car during repayment while getting quick access to cash, subject to interest and terms.

Emergency Loan Online

Emergency loans provide funds during sudden financial crises. They're designed to be quickly accessible, providing a safety net when unforeseen expenses arise, with online processing available.

Payday Loans Online

Payday loans provide short-term financial assistance until your next paycheck. With online access, it's easy to apply, but they come with high interest rates and should be used cautiously.

Instant P2P Loans

Instant P2P loans connect borrowers with individual investors online. They can offer favorable terms and rates, bypassing traditional lenders, often resulting in quicker approval processes.

Debt Consolidation Loans Quick

Debt consolidation loans allow borrowers to combine multiple debts into one single loan, simplifying payments and potentially reducing interest rates, helping in managing financial obligations effectively.

Bad Credit Loans No Credit Check

Bad credit loans are designed for individuals with poor credit history. These no credit check loans provide a borrowing opportunity when traditional lenders may deny applications.

Requirements for Instant Cash Advance

  • Proof of Identity: Submit a valid government-issued ID or passport for verification purposes.
  • Bank Account Details: Provide your bank account information to facilitate the transfer of funds.
  • Income Verification: Furnish recent pay stubs or bank statements to confirm your income source.
  • Contact Information: Offer your current phone number and email address for communication.
  • Residency Proof: Include a utility bill or lease agreement to establish your current residential address.
  • Application Form: Complete the online application form with accurate personal and financial details.

How to Use Personal Loans - Useful Resources

Explore essential resources and smart strategies for effectively utilizing personal loans, ensuring financial stability and informed decisions for your short-term borrowing needs.

Industry
Address
Phone
Dentist
Address: 6282 Rogers Road, Rolesville, NC 27571
Phone: +1 (919) 676-0541
Government Office
Address: 204 East Young Street, Rolesville, NC 27571
Phone: +1 (919) 554-3315
Pizzeria
Address: 6210 Rogers Road, Rolesville, NC 27571
Phone: +1 (919) 453-1466
Shop
Address: 6310 Rogers Road, Rolesville, NC 27571
Phone: +1 (919) 556-4342
Specialist
Address: 670 Granite Vista Drive, Rolesville, NC 27571
Phone: +1 (919) 554-1752
Tire Service
Address: 501 South Main Street, Rolesville, NC 27571
Phone: +1 (919) 570-6010

How to Get to Rolesville

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 Rolesville

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