North Carolina’s Payday Loan laws

By Shawn Martin


North Carolina State Flag
North Carolina State Flag

North Carolina’s payday loan laws are set up for maximum profits for the loan companies.

The loans have no limits on how many loans you can take out at one time, or how long you may take the loans out for, or even how often you can roll them over.

This state has

passed specific legislature authorizing payday loans and allowing interest rates among the highest in the United States.

For example, a $300.00 payday loan taken out for two weeks will give the borrower $255.00 cash and the lender will pocket a $45.00 fee.

If the borrower pays the loan back in two weeks the APR works out to be 458%. This is if the borrower pays the total loan off on the first due date. Most payday loans are rolled over between 4 to 5 times before being retired in full, leading to incredible fees and interest rates.

And guess what, as stated above, there are no limits to how many times you may roll over a payday loan in North Carolina.

North Carolina payday loan laws are really not in the interest of the borrower, and people really should steer clear of these types of loans in this state.

We can help!


If you have found yourself in over your head with payday loan debt in North Carolina or any other state we can help!

Check out our payday loan debt repayment plan and call us at 1.877.280.5100 fill out the form for a free no obligation quote to find out how we can help you get some peace of mind back on pay days.

Payday loan debt does not have to overwhelm you and make you avoid your phone. Let us give you a hand in taking back control of your life.

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