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As with any states, Ohio has its own rules that are unique laws for payday loans.

As with any states, Ohio has its own rules that are unique laws for payday loans.

There could be a cash loan alternative in Ohio before an excessive amount of much longer. A minumum of one Ohio senator is in benefit of a plan that is new would let qualified taxpayers money in their Earned Income Tax Credit early. This could be just like an advance loan with zero-percent interest and simply no fees. Until this concept causes it to be through state legislation, though, payday loans will still be a go-to cash solution for individuals looking for quick money. Before you borrow hardly any money, remain as much as date on the latest cash loan regulations for Ohio.

Current Cash Loan State Statutes for Ohio

As with any states, Ohio features its own unique guidelines and laws for payday loans. In Ohio, you can’t simply just just take a cash advance out for longer than $500. The yearly interest rate is capped at 28-percent.Read More »As with any states, Ohio has its own rules that are unique laws for payday loans.