Cash Advances With Bad Credit
Securing a loan can be challenging if you have bad credit. Fortunately, many lenders in Raleigh will consider more than just your credit score.
They’ll typically prioritize your ability to repay your loan over your credit score. Note that they may offer different terms to offset some of the risk.
These altered terms may include the following:
- Lower borrowing amounts
- Higher interest rates
- Stricter loan terms
Borrowers may also be able to attain higher borrowing amounts by offering collateral such as a vehicle title to secure their loans.
Raleigh Laws About Cash Advances
In Raleigh, payday loans are prohibited under the North Carolina Consumer Finance Act (N.C. Gen. Stat. 53-173).
The North Carolina General Assembly enacted strict regulations to protect consumers from high costs, debt traps and financial exploitation by payday lenders.
Conclusion
Individuals in Raleigh have viable alternatives to address their short-term financial needs.
By exploring these options, Raleigh residents can find safer and more affordable ways to manage financial emergencies and protect their well-being.
If you need quick cash, start the inquiry process with us.
FAQs
Find out more about cash advances here.
The best payday loans should offer features like:
No hidden fees
No prepayment penalties
Flexible loan terms
Approachable interest rates
The following institutions typically offer payday loans:
In-store lenders
Online lenders
Some major banks
Payday loans are easier to qualify for because they require minimal documentation and may not require credit checks.