Payday Loans in Toledo, OH
Are you in a huge financial mess that you need to fix quickly? Do you dread the thought of putting up one of your assets as collateral for a loan? Payday loans in Toledo, OH, are just what you need.
Payday loans are short-term loans that do not require any form of security. They are also referred to as cash advance loans. They are easy to apply for, and once your application for a payday loan is approved, the lender will give you a cash advance in less than 24 hours.
Do I Need Any Form of Collateral to Apply for a Payday Loan in Toledo, OH?
Payday loans are unsecured loans that do not need any form of collateral at all during application. The closest thing to collateral that might be required of you while applying for a payday loan in Toledo, OH, is a post-dated check of the amount you borrowed, including all interests and fees. The lender can cash this check if you fail to meet the payment agreements. The fact that collateral is not needed is one of the reasons payday loans have a high interest rate.
Can I Apply for Payday Loans in Toledo, OH, With the Aid of a Payday Broker?
A payday broker is a person or company that helps you find payday lenders. You are allowed to use the aid of a payday broker to apply for a loan in Toledo, OH. However, you should be careful while using payday brokers as some can make the process of getting even more expensive with their fees.
What Is the Maximum Amount I Can Borrow From Payday Lenders in Toledo, OH?
The maximum amount of money you can request from a particular payday lender in Toledo, OH, is $1000. This ensures that you aren’t tempted to borrow a large amount of money that you might find difficult to repay. Also, in Toledo, OH, there is no rollover of any loan. You can not take more loans from a payday lender until you have repaid the debt for the previous loan in full. This helps to decrease the incidence of debt stacking.
What Is the Term for Payday Loans in Toledo, OH?
The term refers to the stipulated time frame within which lenders expect you to repay a loan. The duration for payday loans varies from state to state and city to city. In the city of Toledo, Ohio, the minimum term for a payday loan is 91 days, while the maximum term is a year.
Can I Repay My Payday Loan Early in Toledo, Ohio?
Most payday lenders do not allow the borrower to repay their loans earlier than scheduled. As a result of the laws governing payday loans in Ohio, payday lenders in Toledo, OH, can give you a three-day window period to repay your loan at no extra cost in the form of interests or fees.
What Are the Requirements for a Payday Loan in Toledo, OH?
Despite how simple a payday loan application is, you must meet some specific requirements before a payday lender in Toledo, OH, grants you a loan. Failure to meet any of these criteria could interfere with your chances of getting a payday loan. These are some of the requirements:
- You have to be at least 18 years old.
- You must have a government-issued ID or a social security number.
- You must provide evidence that you are a legal resident of America.
- You need to have a valid email address and a phone number.
- You must have a stable income that can cover the cost of your loan.
- You must have a valid checking account.
What Are the Cons of Payday Loans?
Payday loans might sound so appealing that you might ignore some disadvantages associated with payday loans.
- Payday loans cost a lot of money the ease of applying for payday loans is only compensation for the high interest rates and fees they attract.
- Payday loans can pull you into a cycle of debt, making you apply for even more payday loans.
- Most borrowers often sign a post-dated check to the payday lenders in case they don’t meet up with payment. You could have an overdraft on a bank account, or the check you signed may bounce. An overdraft could mean you et additional fees from your bank, while a bounced check could land you in jail.
Alternatives to Payday Loans in Toledo, OH
With all the concern about the predatory nature of payday loans, one might begin to wonder if there are any alternatives to payday loans. How do you escape financial troubles without turning to payday loans for help?
- Cut Down on Your Expenses: if you take a close look at your budget, you will discover that you might be spending so much money on some things that are not necessary at all. Eliminating these expenses could help you come up with the cash you need to solve your financial troubles.
- Borrow from Friends and Family: borrowing from friends and members of your family can be a better alternative than borrowing from payday lenders. Most friends and family members will be willing to lend you money with no interest involved. These loans are easier to repay and prevent you from getting deeper into debt.
- Credit Unions: these are non-profit financial institutions formed to ensure the financial wellbeing of their members. Most credit unions are comprised of like-minded people who wish to help one another out financially. Credit unions offer loans to members at very low interest rates. An added advantage of credit unions is that they can overlook members’ credit scores while approving loans.
Cash Advance and Payday Loan Companies Near You (Lenders Locations)
|Company name||Address||Zip code||Phone number|
|Quik Cash||2631 Dorr St||43607||(419) 537-1346|
|Quik Cash||1577 W Sylvania Ave||43612||(419) 478-4939|
|Quik Cash||20 E Alexis Rd, Ste B||43612||(419) 476-8773|
|CashMax Ohio||5055 Glendale Ave, Ste 3||43614||(419) 382-2400|
|National Cash Advance||1744 W. Laskey Road||43613||(419) 474-2223|
|First American Loans||240 West Alexis Rd., Suite C||43612||(419) 478-8506|
|Monroe Carryout||2839 Monroe St, Ste B||43606||(419) 243-8834|
|Quick Cash||3265 W Alexis Rd||43613||(419) 475-2078|
|Cash Connection||2940 Monroe St||43606||(419) 241-9100|
|Check ‘N Go Store #977||2336 S Reynolds Rd||43614||(419) 865-5474|
|CashMax Ohio||5155 Glendale Ave||43614||(419) 380-9533|
|Check ‘N Go Store #2981||5200 Monroe St||43623||(419) 841-9757|
|Cash Pius||4011 Secor Rd, Ste C||43623||(419) 473-1900|
|Cashland||2222 N Reynolds Rd, Ste D||43615||(419) 535-5533|
|Checksmart||5801 Telegraph Rd, Ste 15||43612||(419) 476-8785|
|Cashland||522 S Reynolds Rd, Ste C||43615||(419) 578-9498|
|Checksmart||1221 S Reynolds Rd||43615||(419) 382-5385|
|Checksmart||4550 Monroe St||43613||(419) 472-5007|
|Cashland||3247 W Alexis Rd||43613||(419) 472-3073|
|Cashland||5037 Lewis Ave||43612||(419) 470-1661|
|Advance America||529 Dorr St.||43604||(419) 255-4076|
|Advance America||1042 W. Alexis Road||43612||(419) 476-8635|
|Stop And Go #21||1256 Broadway St||43609||(419) 724-3190|
|CashMax Ohio||1720 W Alexis Rd||43613||(419) 214-0787|
|Stop & Go||3841 Airport Hwy||43615||(419) 382-9334|
|Cashmax Ohio||1633 W Laskey Rd||43612||(419) 476-0833|
|Stop-N-Go||3645 Upton Ave||43613||(419) 474-9131|
|Stop N Shop||4468 Monroe St||43613||(419) 472-3100|
|Stop & Go||3730 Monroe St||43606||(419) 472-7343|
|Stop & Go||3131 W Sylvania Ave||43613||(419) 724-5790|
|Stop N Shop Check Cashing||3241 Dorr St||43607||(419) 214-0202|
|Rent-A-Center||551 E Manhattan Blvd||43608||(419) 726-5555|
|Stop & Go||1223 N Byrne Rd, Ste B||43607||(419) 531-8225|
|Stop & Go||4870 N Summit St, Ste C||43611||(419) 724-4222|
|Accelerated Resource Mgmt||3231 Central Park W, Ste 112||43617||(419) 842-1474|
|Stop & Shop||1210 W Sylvania Ave||43612||(419) 214-0792|
|Stop & Go Check Cashing||3519 W Alexis Rd||43623||(419) 472-8908|
|Stop & Go||5825 Jackman Rd, Ste A||43613||(419) 474-1325|
|Stop & Go Check Cashing||5015 Bennett Rd||43612||(419) 476-2168|
|Cash Is King||812 Matzinger Rd||43612||(419) 283-6387|
|Stop & Go Check Cashing||653 Main St||43605||(419) 693-3969|
|Verizon Wireless||1223 N Byrne Rd, Ste B||43607||(419) 531-8225|
|Stop & Go||740 South Ave||43609||(419) 724-5500|
|Stop & Go||434 E Broadway St||43605||(419) 698-3510|
|Stop & Go||551 E Broadway St||43605||(419) 697-0048|
|Stop N Shop||1719 Lagrange St||43608||(419) 720-6678|
|Rent-A-Center||4505 Monroe St, Ste F||43613||(419) 472-6066|
|Stop & Go||2154 South Ave||43609||(419) 385-5566|
|Rent-A-Center||1524 Broadway St||43609||(419) 242-0776|
|Lewis Mart||4252 Lewis Ave||43612||(419) 724-4204|
|Stop & Go||9140 Angola Rd||43615||(419) 724-2591|
|Stop & Go Check Cashing||1409 Western Ave||43609||(419) 385-2274|
|National Cash Advance||1515 S. Byrne Road, Suite 102||43614||(419) 382-5600|
|Advance America||5153-A Glendale Avenue||43614||(419) 380-9274|
|Check Into Cash||3362 Glendale Ave||43614||(419) 382-9194|
|Check Into Cash||4925 Jackman Road||43613||(419) 292-0855|
|Toledo Gold Exchange LLC||807 Woodville Rd||43605||(419) 720-1999|
|Rent-A-Center||908 Starr Ave||43605||(419) 697-1717|
|Verizon Wireless||4870 N Summit St, Ste C||43611||(419) 724-4222|
|Cash Smart||2940 Monroe St||43606||(419) 241-9100|
|ALL Cash Express||1817 S Reynolds Rd||43614||(419) 381-9212|
|Check N Go||5200 Monroe Street||43623||(567) 297-3414|
|Check N Go||2336 S. Reynolds Rd||43614||(567) 200-0101|
|Stop N Shop||1407 E Manhattan Blvd||43608||(419) 726-8500|
|Stop & Go||1806 Arlington Ave||43609||(419) 382-9154|
|Eagle Loan Company Of Ohio||5414 Monroe St, Ste B||43623||(567) 455-5408|
|Onemain Financial||5950 Airport Hwy, Ste 1||43615||(419) 866-4333|
|Onemain Financial||5305 Monroe St||43623||(419) 882-2712|
|Onemain Financial||5215 Monroe St, Ste 12||43623||(419) 843-4208|
|Diversified Funding Service||4617 Monac Dr||43623||(419) 475-2786|
|First Step Auto||50 S Byrne Rd||43615||(567) 316-7970|
|Beneficial Ohio Inc||1515 S Byrne Rd||43614||(419) 385-3343|
|Affordable Auto Finance||2159 W Laskey Rd||43613||(419) 724-0509|
|Citi Financial||6710 W Central Ave||43617||(419) 841-8580|
|Forsythe Technology||5350 Airport Hwy||43615||(419) 381-7444|
|Marflax Corporation||6800 W Central Ave||43617||(419) 535-3886|
|First Step Auto||3338 Dorr St||43607||(419) 531-2899|
|Beneficial Ohio Inc||5433 Monroe St||43623||(419) 885-1405|
|Toledo Area Regl Transit Authority||1127 W Central Ave||43610||(419) 245-5201|
|Signature Bancorp, Inc||4607 W Sylvania Ave||43623||(419) 349-1869|
|Huntington National Bank||3316 Secor Rd||43606||(419) 534-6112|
|Huntington Bank||3711 Monroe St||43606||(419) 473-1101|
|Huntington Bank||4105 Talmadge Rd||43623||(419) 254-7052|
|Huntington Bank||6655 W Central Ave||43617||(419) 841-7474|
|Huntington National Bank||2310 W Laskey Rd||43613||(419) 471-2511|
|Huntington Bank||3950 N Mccord Rd||43617||(419) 254-7026|
|Huntington Bank||2801 W Bancroft St||43606||(419) 531-2087|
|Huntington National Bank||4773 Glendale Ave||43614||(419) 254-7016|
|Huntington Bank||5201 N Summit St||43611||(419) 254-7085|
|Huntington Bank||3546 W Central Ave||43606||(419) 254-7022|
|Sun Federal CU||4760 Monroe St||43623||(419) 474-6530|
|Huntington Bank||519 Madison Ave||43604||(419) 249-3300|
|Norwest Financial||5380 Monroe St||43623||(419) 885-3984|
|Toledo Urban Federal Credit Union||1339 Dorr St||43607||(419) 255-8876|
|Huntington Bank||4700 Heatherdowns Blvd||43614||(419) 254-7015|
|Check N’ Go||2336 S Reynolds Rd||43614||(419) 442-0263|
|ALL Cash Express||1817 S Reynolds Rd||43615||(567) 318-0713|
Amanda is a senior writer at AdvanceSOS. She has more than six years of journalism experience, mostly in the finance sector. She graduated with a Bachelor’s Degree from Drew University.