North Carolina Direct Payday Loan Lenders

Direct payday loan lenders are prohibited by North Carolina regulators from offering payday loans to North Carolina residents. This means there are no North Carolina licensed or regulated direct payday loan lenders in North Carolina. Although The Payday Hound discourages it, North Carolina residents may be able to choose from tribal, out-of-state, or foreign-based lenders for payday loans. See North Carolina Payday Loan Laws for links to North Carolina banking and finance regulators. These links will provide more information on the legal aspects of payday lending in North Carolina. In states where payday lending is permitted, lenders are licensed and regulated by the state.

Unlicensed direct payday loan lenders include tribe-based lenders, lenders licensed in other states, and foreign-based lenders. Tribal and out-of-state licensed direct payday loan lenders operate under the interpretation that they can export their tribe or state laws into North Carolina and are required to adhere to federal lending laws but not North Carolina regulations. Federal laws may be less restrictive and less frequently enforced. The final group of lenders is foreign-based payday loan lenders. They export their countries' laws into North Carolina and are highly unregulated. See Choosing A Payday Loan for more details.

The above is our understanding of how payday lending works in North Carolina, but we are not a law firm. Please contact the North Carolina Commissioner of Banks for more information.

The Payday Hound reviews direct payday loan lenders and ranks them according to our Sniff Test (reputation), costs, and licensing. The list below includes both regulated banks as well as off-shore entites. Being included on our list is not an endorsement or certification. The list is a ranking and is designed to help borrowers rate and judge the quality of lenders. This means it may include lenders we believe to be honest as well as those we would deem to be predatory.

We have reviewed 13 North Carolina payday loan lenders with a Rating of 1 star or better.

NC Lender Description Costs* Sniff Rating
Discount Advances
Stopped Accepting New Applications
No responses to BBB complaints.
Governing Law: Anguilla
Loan Amt: $300
APR: 456%
Cost: $52.50
Fair
MyCashNow
Stopped Accepting New Applications
F BBB Rating, Based in Canada.
Governing Law: Canada
Loan Amt: $300
APR: 485%
Cost: $55.86
Fair
PayDay Max
Stopped Accepting New Applications
No responses to BBB complaints.
Governing Law: Anguilla
Loan Amt: $300
APR: 485%
Cost: $55.86
Fair
Cash Advance Now
Tribal lender. Upfront disclosures and pricing.
Appear to have purchased name and domain in Sept 2012.
Governing Law: Tribe
Loan Amt: $300
APR: 782%
Cost: $90.00
Fair
MyPayDayLoan
Revamped website. Up to $600 1st time.
Been in business over 10 years.
Governing Law: Costa Rica
Loan Amt: $300
APR: 782%
Cost: $75.00
Bad
NationalPayday
One of the simplest applications.
No BBB Rating, Based in Costa Rica.
Governing Law: Costa Rica
Loan Amt: $300
APR: 651%
Cost: $75.00
Bad
Payadvance
No longer accepting new applications
Costa Rica based lender.
Governing Law: Costa Rica
Loan Amt: $300
APR: 460%
Cost: $52.94
Bad
Tremont Lending
Appears to be basic tribal based lender.
Site updated with pricing. States not listed.
Governing Law: Tribe
Loan Amt: $300
APR: 782%
Cost: $90.00
Fair
USAdvance
Not a state licensed lender.
Bsed in Federation of Saint Kitts and Nevis
Governing Law: St Kitts and Nevis
Loan Amt: $300
APR: 782%
Cost: $90.00
Bad
East Side Lenders
Offer loans in all states.
C- BBB rating. Dispute settled through arbitration.
Governing Law: DE
Loan Amt: $300
APR: 782%
Cost: $90.00
Fair
Jupiter Funding Group
Very limited information on website.
No BBB Rating. No privacy policy.
Governing Law: DE
Loan Amt: $300
APR: 782%
Cost: $90.00
Bad
BorrowSource.com
Very limited information on website.
Appears to be unlicensed lender. Maybe offshore based.
Governing Law: unlisted
Loan Amt: ?
APR: ?
Cost: ?
Bad
Sonic Cash
Eligible states not listed.
Very little information available
Governing Law: unlisted
Loan Amt: $300
APR: 912%
Cost: $105.00
Fair

* When avaiable we have shown pricing for North Carolina residents. Check each lender's website for updated information. Some lender's will not provide pricing data until an application is completed.