Payday Loans in Dayton, OH

A payday loan is a short-term, unsecured loan taken to help cover the costs of urgent expenses. They are a quick and reliable way to get funds online, gaining popularity in the United States between the 1990s and early 2000s. Ever since then, Americans have been using them as a means to get out of debt and cover expenses they might not usually be able to.

With the advent of payday loans, most states have implemented regulations, so consumers and lenders alike are suitably protected.

Are Payday Loans Legal in Dayton, Ohio?

Due to the predatory nature of some payday lenders, a good number of States have taken to banning the operation of payday loan offices in any city within the state. Regardless of this, payday loans in Dayton, OH, are fully backed by the law, so you do not run the risk of getting into any form of trouble by applying for payday loans in Dayton, Ohio.

What Do I Consider Before Applying for a Payday Loan in Dayton, Ohio?

Before you apply for a payday loan in Dayton, Ohio, you must put some things into consideration. This ensures that you are making the right decision.

You must be sure your income is enough to cover your payday loan before applying for a payday loan in Dayton, Ohio. Since most payday loans give a maximum amount of $1000, your income needs to be at least $1000 so that you do not acquire more debt while trying to clear your debt from a payday loan.

Also, like all other loans, payday loans should be taken only when necessary. If you do not have a financial need that can be considered urgent, then it is not advisable to apply for a payday loan.

Is a Bad Credit Score an Issue While Applying for Payday Loans in Dayton, Ohio?

Payday loans are not like most loans that will ask you for your credit score. They are classified as bad credit loans and are usually the typical choice for people with bad credit scores. To compensate for the irrelevance of a bad credit score, the interest rate for most payday loans is very high.

However, due to the laws regulating payday loans in Dayton, OH, the interest rate of payday loans in this city is low when compared to some others in the United States.

Are There Faxless Payday Loans in Dayton, Ohio?

With the technological advances in the world today, fax machines are fast becoming obsolete. This means that it is becoming more challenging to access a fax machine, and most people these days do not even know how to use a fax machine. Before you apply for a payday loan, you need to determine if the lender requires that you fax any information. If the lender does, you might want to consider taking your application elsewhere because payday loans in Dayton, Ohio, can be faxless.

There are much faster and more accessible alternatives to faxing. You can scan a required document and send it to a payday lender rather than fax the document. Also, most, if not all, documents can be sent by email. This makes fax machines completely unnecessary for payday loan applications these days. It is advisable to use a fax machine if you are trying to get a quick loan as they can hinder your speed.

Can Military Personnel Apply for a Payday Loan in Dayton, Ohio?

Neither military personnel nor their immediate family can apply for a payday loan in Dayton, Ohio. This is in accordance with the Militias Lending Act, which prohibits military personnel from taking payday loans, vehicle title loans, and tax refund loans.

Do Payday Loans in Dayton, Ohio, Have a Cap Rate?

In accordance with the laws regulating payday loans in Dayton, Ohio, the cap rate for interest on payday loans is 28% per annum. When applying for a payday loan in Dayton, Ohio, read through the terms and conditions very carefully to ensure that the interest rate is not above 28% per annum.

How Long Will It Take to Get a Payday Loan in Dayton, Ohio?

To get a payday loan in Dayton, Ohio, a lender needs to approve your application first. After the approval of your application, it typically takes ten minutes to twenty-four hours for your loan to be paid into your checking account. Payday loans in Dayton, Ohio, are pretty fast and ideal for an emergency because you don’t have to spend much time waiting to receive your loan. This puts payday loans ahead of other forms of loans, which can sometimes take months to reach your checking account.

Requirements for Payday Loan Applications in Dayton, Ohio.

Applying for a payday loan in Dayton, Ohio, has some requirements which you must meet. If you don’t, it will lower your chances of receiving a loan. What are some of these requirements, you may be wondering? Here’s a list of the most common ones:

  • You must be at least 18 years old. Applicants below this age will not receive a loan.
  • You must have an active checking account.
  • You must offer a government-issued ID or a social security number.
  • You must have a phone number and a verifiable email address for confirmation of your payday loan application.
  • You must earn at least $1000 monthly to guarantee that you can repay your debt from your income.
  • You must sign a declaration form stating that you do not have more than $2500 in short-term loans.

Cash Advance and Payday Loan Companies Near You (Lenders Locations)

Company name Address Zip code Phone number
Checksmart 2930 W Alex Bell Rd 45459 (937) 428-7530
Checksmart 2129 Needmore Rd 45414 (937) 567-1450
Checksmart 1947 S Alex Rd 45449 (937) 847-2800
Checksmart 4212 Linden Ave 45432 (937) 254-7800
Checksmart 4064 Wilmington Pike 45440 (937) 294-0500
ALL Cash Express 3516 W Siebenthaler Ave 45406 (937) 275-4912
First American Loans 2515 South Smithville Road 45420 (937) 258-2899
National Cash Advance 5678 Springboro Pike 45449 (937) 643-9874
Checksmart 5521 Salem Ave 45426 (937) 837-0829
CashMax Ohio 4791 Salem Ave 45416 (937) 275-4401
Check Exchange 4317 W 3rd St 45417 (937) 262-9422
Cashmax Ohio 6740 Brandt Pike 45424 (937) 236-1222
CashMax Ohio 2409 Wilmington Pike 45419 (937) 999-4477
Check ‘N Go Store #980 4141 N Main St 45405 (937) 567-1960
Cashland 602 Woodman Dr 45431 (937) 253-7842
Cashland 1331 Wilmington Ave 45420 (937) 396-1846
Cashland 1016 Canton Rd 45402 (330) 733-1411
Cashland 4977 N Main St 45415 (937) 278-0148
Hometown Financial Services 3108 Wilmington Pike 45429 (937) 299-9000
National Cash Advance 5268 Salem Ave 45426 (937) 854-3223
JP Morgan Chase & Co 40 N Main St, Ste 6 45423 (937) 443-6090
Advance America 5420 Springboro Pike 45449 (937) 643-9244
Advance America 2039 E Dorothy Ln 45420 (937) 294-3573
Advance America 5678 Springboro Pike 45449 (937) 643-9874
Check Into Cash 170 Woodman Drive 45431 (937) 254-0113
Cashland 5150 Salem Ave 45426 (937) 854-0690
DDK Financial Assoc 5615 N Dixie Dr 45414 (937) 275-3981
CashMax Ohio 5270 N Dixie Dr 45414 (937) 716-1574
United Check Cashing 5615 N Dixie Dr 45414 (937) 275-3981
Cashland 6375 Chambersburg Rd 45424 (937) 233-4397
Free Pike Bank of Dayton 4324 Salem Ave. 45416 (937) 280-6003
Check Into Cash 3283 W Siebenthaler Ave, Suite 6 45406 (937) 278-1170
Cashs Land 2915 Linden Ave, Ste B 45410 (937) 252-0434
ALL Cash Express 3516 W Siebenthaler Ave 45406 (937) 999-1463
Wright-Patt Credit Union Student Un, # 180 45435 (937) 775-5797
Cash America 602 Woodman Dr 45431 (937) 258-0123
Reyna Capital Corporation 1 Reynolds Way 45430 (937) 485-2955
Universal 1 Credit Union Inc 2933 Harshman Rd 45424 (937) 235-0303
Wells Fargo Financial 1190 E Dixie DR 45449 (937) 859-9000
Freedom First Credit Union Inc 1645 Webster St 45404 (937) 223-2828
Onemain Financial 127 Springboro Pike 45449 (937) 435-2927
Household Finance 6226 Wilmington Pike 45459 (937) 848-5888
Wright-Patt Credit Union 4512 Brandt Pike 45424 (937) 237-5152
Guardian Finance Co 687 Lyons Rd 45459 (937) 434-2773
Mortgage Line 6940 N Dixie Dr 45414 (937) 898-7200
Onemain Financial 665 Lyons Rd 45459 (937) 291-3111
Gem Capital Corporation 507 S Smithville Rd 45403 (937) 252-9026
Day Air Credit Union 3434 York Commons Blvd 45414 (937) 665-0980
Code Credit Union 732 S Ludlow St 45402 (937) 222-8971
Postal Family Credit UNION 803 E 5th St, Ste A 45402 (937) 228-7691
Countywide Federal Credit Union 2089 Dayton Xenia Rd 45434 (937) 426-7687
Main Source Bank 8265 N Main St 45415 (937) 454-2200
Wells Fargo Bank 175 E Alex Bell Rd, Ste 280 45459 (937) 439-0343
Firstday Financial Fcu 4125 W Town And Country Rd 45429 (937) 222-4546
Huntington Bank 5900 Springboro Pike 45449 (937) 439-0420

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