Looking for an Unsecured Personal Loan in Ohio?
Caught in a financial bind and need money fast? We can help you with that. Have you submitted applications to lenders before and they have all turned you down? We can help you with that. Did you turn to a payday lender when things got tough the last time and it took you a long time to break away from them? We can definitely help you with that! With our Loan Discovery Process, we can keep you out of the clutches of those predatory payday lenders, and we can find you financing options to get you through this rough patch you suddenly find yourself in.
Loans Now is not a payday lender, so you do not have to be concerned about getting caught in the cycle or borrowing, repaying, and re-borrowing in order to cover the costs of the first loan. Instead, we work with lenders to discover the best unsecured personal loan options for your current situation. Need money for bills or an emergency dental procedure? Did you accept a job in a different city and need moving expenses? We can help you with that, and so much more!
Unsecured Loans for People with Bad or No Credit
Is your bad credit the reason no lender would approve you the last time you were in a pinch? Is that why you turned to a payday lender for help? Know this: we do not want you to go back to that payday lender this time! We do not want you to throw your hard-earned money away in an effort to getting out of a bad situation, only to make it worse! Don’t let your bad credit cause you to make a bad decision! Loans Now will help you find the best solution possible without relying on those who prey on people in need. See how our program works then fill out our simple loan discovery questionnaire so we can start the search!
- The questionnaire only takes 60 seconds to complete!
- There are no algorithms; our dedicated team members work to find these options for you
- Results are usually available in 5 minutes!
- The money you request can be available in as little as 24 hours
- There is no fee to use our service!
- Take time repaying the loan; years, not two weeks (as with payday loans)!
Bad credit is not a problem for us. We have lenders who can provide unsecured personal loans to people with credit scores as low as 450. If you’ve faced situations in the past where you were just a little short of paying your bills and your bad credit prevented you from receiving the assistance you needed, then let us help you through this situation. Check your credit score to find out where your credit is currently at then get started with Loans Now today!
Predatory Lenders in Ohio.
Ohio residents are being preyed upon. The state ranks within the top 5 as one of the biggest payday loan states in the country! That is not a good list to be on. In 2017, residents paid a total of $503 million in payday and title loan fees. These are just the fees being discussed, no loan principals were included in the calculation of this number. There are just over 12 payday lenders for every 100,000 people living in Ohio, one of the largest ratios in the nation. These predatory lenders are taking advantage of Ohioans and the financial situations they find themselves in.
Ohio residents struggle to find quality healthcare. The state ranks low for the quality of healthcare, with a higher-than-average number of hospital visits and obesity rate. Sudden medical emergencies can put Ohioans in a situation where they may need extra money to pay for the bill. The state also ranks low for education, both primary schooling and higher education. This means that people in the state are not in a position to take advantage of openings at companies where a degree may be required. Without a path to improving their employment situations, many Ohioans may be stuck in low-paying jobs and may need a personal loan to cover some expenses on occasion.
Ohio Laws and Regulations for Bad Credit Personal Loans
According to the Ohio Revised Code, § 1343.01, the established rate of interest that is considered legal upon most forms of a loan is 8% per annum. This means that any interest charged in the state above this maximum is considered usurious and comes with a penalty. If an interest rate higher than 8% is applied to a loan, even if the borrower signs a contract agreeing to the higher rate, the lender becomes responsible for the difference and must apply any interest that has been paid to the principal.
To counter the heavy effects of payday lending in the state, Ohio has placed a cap on the amount of interest predatory lenders are permitted to charge. This is supposed to be 28%. However, payday lenders have found a loophole and have begun registering as mortgage lenders, allowing them to charge upwards of 591%. As of yet, the state has not been able to catch up with this trend, permitting payday lenders to run unchecked in Ohio and prey on people who find themselves in financial need. If you live in Ohio and need help, do not turn to a payday loan! Let us find you a personal loan with a lower interest rate and more time to repay it.
Loans Now: Core Policies & Procedures
- Never collect or share sensitive customer information: SSN, DOB, Address.
- Never collect up-front payment to process a customer’s loan application / or fund a loan. Loans Now will NEVER ask you to send us money in any form.
- Introduce customers to our Loan Discovery Process. A one-on-one loan service strategy that fits every customer’s unique needs with the right lender for them
Ohio Personal Loan for Bad Credit Lending Regulator
Within the Ohio state government is the Department of Commerce. Within the department are several divisions, including the Division of Financial Institutions. It is this division that holds regulatory responsibilities over banks, consumer finance companies, mortgage providers, and others businesses providing services in the state.
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K