Payday loans in Ohio

Under the legislation of Ohio payday loans can be provided legally. That’s why the lending business is very prosperous in the State. An online company loansassist.net offers its services very quickly and has a wide range of cash advance loans. It will take you several minutes to complete the application form. Then you can withdraw money from your account in a day.

The annual interest rate charged by payday lenders in Ohio amounts 390%. Frankly speaking such a rate is low. For every $100 loan, a borrower can’t pay more than 15%. For example, if a customer borrows a loan which makes up $200, he is to pay $30 in interest rates. The maximum sum of the loan which is allowed to be taken at one time in Ohio equals $800.

It doesn’t matter whether you are a citizen of Ohio, is going to move there, or live in another American State. You can always resort to the assistance of loansassist.net and receive an urgent loan by having unexpected financial difficulties. You life will be easier with our help.

All the residents of Ohio can get a payday loan through loansassist.net. Your application will be approved instantly. Feel free to apply for a credit at our company and receive the necessary cash.

Payday lenders are allowed to operate in Ohio only in case that the State authorities have given them permission. The fee for a background check amounts $200. A lending company should also pay $500 in order to receive a license. The net value of a company should be at least $100,000. In its operations payday lenders are required to behave ethically with their customers, have a financial responsibility and reputable history.

Payday lender can charge their clients with additional fees. However, according to the Ohio legislation these fees aren’t allowed to exceed 5% monthly. In case a borrower fully repays the loan till the due date, a lender can request for a refund of the costs he have born during the lending period. For each provided loan payday lenders imply loan charges. These charges are limited by $5 for every loan amounting $50. Lending firms are also allowed to charge a compensation fee making up near $20 in case a borrower has non-sufficient funds.

A payday lending company that is registered in Ohio should put its license in a visible place in order potential customers can see it. Furthermore, a lender and a borrower should conclude a lending contract and have its copy. The contract is to include the following provisions: the sum of the loan, percentage rates, financial charges and fees, lending period.

The lending period is required to be less than 6 months in Ohio. A borrower can receive a loan not exceeding $500 at one time from the same lender. Under the State law it is prohibited to roll over a payday loans for more than 6 months.

©2009-2017LoansAssist.net

Please read carefully: The website doesn't make loans! It is not a lender or any lender's agent, representative or broker. The site has not influence on the lenders and isn't responsible for any lender's actions or inactions. With the help of our website any interested person can be connected with the lenders from its network. The site receives compensation from its lenders, often based on a model like Google AdWords connects the consumer with the highest available bidder.

The service is not available in all states. The consumer will not be accepted if this service is prohibited in his state or there are not any lenders from our network there.

Making decision to obtain loan the consumer submits his personal information to our service and automatically gives the right to verify of driver license number, social security number or checking his credit history by using major credit bureaus such as Experian, Equifax and Trans Union.

Lender's Disclosure of Terms: The lender must disclose to the borrower any documents which contained all fees and rate information about the loan being offered, including late-payment fees and rules on the possibility to renew, rollover, refinance your loan. The site is not able to control the terms and rules which may be offered by a lender. You are urged to be aware of any agreement terms.