Whiteville 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.

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North Carolina Whiteville

Whiteville Short-term Loans Terms

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

Trusted Personal Loan Lenders in Whiteville, NC

Explore a curated list of trusted personal loan lenders, dedicated to securing financial support tailored to your needs, with transparency and reliability at the forefront of our selection process.

Lender
User Ratings
Address
Phone
Category
Russell Smith | Branch Manager, NMLS ID# 78989 with ALCOVA Mortgage
User Raiting:
5.00
Address: 1424 S JK Powell Blvd suite e, Whiteville, NC 28472
Phone: +1 (910) 352-6344
Category: Financial institution
Mariner Finance
User Raiting:
4.90
Address: 1619 S JK Powell Blvd B1, Whiteville, NC 28472
Phone: +1 (910) 641-0189
Category: Loan agency
OneMain Financial
User Raiting:
3.90
Address: 110 Columbus Corners Dr #106, Whiteville, NC 28472
Phone: +1 (910) 640-2700
Category: Loan agency
Regional Acceptance Corporation
User Raiting:
3.70
Address: 127 W Webster St, Whiteville, NC 28472
Phone: +1 (877) 722-7299
Category: Loan agency
First Citizens Bank
User Raiting:
3.70
Address: 422 S Madison St, Whiteville, NC 28472
Phone: +1 (910) 642-7744
Category: Bank
State Employees’ Credit Union
User Raiting:
3.60
Address: 1312 N JK Powell Blvd, Whiteville, NC 28472
Phone: +1 (910) 642-0456
Category: Credit union

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 Whiteville?

Explore various financial solutions that offer better terms than payday loans, providing safer and more sustainable options for managing short-term financial needs without falling into debt cycles.

Quick Installment Loans

Quick installment loans allow borrowers to repay over specified periods, making budgeting easier with predictable monthly payments. Suitable for larger expenses needing more manageable payment plans.

Instant Cash Loans

Instant cash loans provide rapid financial relief for urgent needs, delivering funds swiftly to borrowers. Ideal for emergencies, they often come with higher interest rates.

Online Title Loans

Online title loans use your vehicle's title as collateral, granting you access to fast cash. Typically short-term, they risk vehicle repossession if not repaid.

Emergency Loans No Credit Check

Emergency loans with no credit check cater to urgent financial situations without affecting credit scores. Convenient but can be costly, requiring careful repayment planning.

Fast Payday Loans Online

Fast payday loans online are short-term solutions meant to cover immediate expenses, repayable upon your next paycheck. Convenient but often accompanied by high fees.

Guaranteed P2P Loans

Guaranteed P2P loans facilitate borrowing directly from individuals, often through online platforms, offering lower rates and flexible terms compared to traditional lenders.

Debt Consolidation Loans

Debt consolidation loans streamline multiple debts into a single payment with potentially lower interest rates, helping manage financial obligations effectively and reducing payment stress.

Bad Credit Loans Fast

Fast bad credit loans offer financial solutions for individuals with poor credit histories, focusing on current income over credit scores. Often higher-cost due to increased risk.

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
American Restaurant
Address: 1203 North J.K. Powell Boulevard, Whiteville, NC 28472
-
Bodyshop
Address: 129 West Walter Street, Whiteville, NC 28472
Phone: +1 (910) 642-3820
Butcher
Address: 701 Bladenboro Road, Whiteville, NC 28472
Phone: +1 (910) 642-4950
Dentist
Address: 904 Spivey Road, Whiteville, NC 28472
Phone: +1 (910) 642-6500
Fitness Club & Center
Address: 804 South Madison Street, Whiteville, NC 28472
Phone: +1 (910) 914-6279
Government Office
Address: 317 South Madison Street, Whiteville, NC 28472
Phone: +1 (910) 642-8046
Library
Address: 407 North J.K. Powell Boulevard, Whiteville, NC 28472
Phone: +1 (910) 641-3976
Motel
Address: 2119 James B. White Highway North, Whiteville, NC 28472
Phone: +1 (910) 642-5162
Museum
Address: Pecan Street, Whiteville, NC 28472
-
Pharmacy
Address: 20 Whiteville Town Center, Whiteville, NC 28472
Phone: +1 (910) 207-6369
Rent-a-Car Facility
Address: 474 Vinson Boulevard, Whiteville, NC 28472
Phone: +1 (910) 640-3144
Shopping Center
Address: South Madison Street, Whiteville, NC 28472
Phone: +1 (910) 642-6179
Specialist
Address: 1424 S J.K. Powell Blvd, Whiteville, NC 28472
Phone: +1 (910) 642-1111
Veterinarian
Address: 3522 James B. White Highway South, Whiteville, NC 28472
Phone: +1 (910) 642-3221

How to Get to Whiteville

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 Whiteville

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