Payday Loans in Ohio

It’s easy to get caught in a financial pinch when unexpected expenses crop up. The expense may be small, but they can add up fast — especially if you don’t have savings or other sources of money at your disposal. 

Payday loans are short-term loans that are often taken out in advance of your next paycheck. They allow you to take out a small amount of cash upfront, with the understanding that you will pay back what is owed with a small fee once your next paycheck is deposited. 

Need Money Fast?


Ohio has some very specific lending restrictions, making things easier for the borrower. Mainly they have capped the lending amount and interest rates. 

Best payday loans in Ohio

So, when considering credit in OH, the main thing you need to concentrate on is the service. To help you find the best options for getting quick cash from trustworthy lenders, we’ve compiled a list of the best payday providers. All companies in OH are restricted by law to $1000 maximum per loan, and 28% APR (Annual Percentage Rate). 


In 2013, a team of experts created PaydaySay with the goal of simplifying borrowing. They are a peer-to-peer lending marketplace where borrowers can receive online payday loans. PaydaySay is neither a direct lender nor a broker. 

Instead, they are a marketplace that enables consumers to fulfill their financial requirements online, by connecting them with lending firms. They can be found at, Oceonica Corp. 30 N Gould St., Ste 1351, Sheridan, WY 82801. 

  • The APR of each loan will depend on the creditor
  • Online application form in the app 
  • 18 years old to apply for a loan
  • Stable income 
  • Functioning bank account 
  • Permanent job and a consistent income in order to be eligible 

They score 4 or 5 stars with the most online ratings. Customers usually are pleased with their purchases when they take out finance with this company. 

Advance America

Advance America has been lending since 1997 and offers small advances from $100 to $1,000. Customers can apply for a payday loan online in OH, or at one of their 56 stores. Finances can be deposited straight into bank accounts or picked up from the store. 

  • There is no paper check required 
  • They offer online payday loans
  • Any credit is accepted
  • To apply, you will need a government-issued identification, proof of income, and a checking account 

They can be found at Advance America #3947, 1684 West Market Street, Akron, OH 44313, in Westgate Shopping Center. They have thousands of five-star ratings and are a great option for those seeking instant online approval. They also offer account management via their website. 

F1 Cash Advance

F1 Cash Advance offers cash advances without a credit check. The company offers quick personal advances for emergencies, installments with monthly payments, and payday loans online Ohio state. 

They take applications online and in-store at 470 Olde Worthington Road, Suite 200, Westerville, OH 43082. Every element of the contract must be detailed in the lender’s documents: 

  • Social security number
  • Individual taxpayer identification number
  • Checking account number 
  • Bank routing number
  • Government-issued ID
  • Address
  • Valid email and phone number
  • Checking account number

If you are in need of quick cash, they can help you obtain the cash you require immediately. No formal credit checks are required, and they offer a wide variety of amounts. They accept poor credit and offer a cash advance directly from their store. 

Bills Happen

BillsHappen works with a network of public and private funds to provide finance up to $1,000. Although they operate online, they can be found at BillsHappen, 7580 NW 5th Street, #15614, Plantation, FL 33318. 

  • It does not matter if you rent or own
  • You must be employed, self-employed, or receiving benefits
  • You’ll need a checking or savings account 
  • No hard credit checks
  • Fast approval
  • 100% online
  • A valid state driver’s license is required for each request
  • Your social security number is needed to verify your identity 

Bills Happen makes lending accessible. Once they approve a borrower, they transfer it within 24 hours. Plus, they accept borrowers of any credit score. 

Compacom (Compare Companies Online)

Customers can get in touch with finance companies through Capital Pacific’s search engine. While offering payday loans online, they can be found at 805 Southwest Broadway, Suite 780, Portland, OR 97205 United States. 

With a network of reputable and trustworthy lenders, they guarantee a smooth and safe borrowing process. They offer a quick response to applications, which are free and easy to complete. All they ask for is the following: 

  • Be over the age of 18
  • Be a citizen or permanent resident of the United States
  • Worked at your current job for at least 90 days
  • Give your home and/or work phone numbers, as well as your email address
  • Own a checking account
  • After taxes, receive about $1,000 per month in pay

With almost 5,000 4-5 star reviews, it is clear these financing giants are doing something right. 

Are payday loans legal in Ohio?

Payday loans are legal in OH. However, state law presents many strict regulations to ensure borrower and lender protection. Ohio payday loans online laws are fairly restrictive and are regulated by the FTC (Federal Trade Commission). 

Under state law, payday loans are not considered to be “financial services” and cannot be sold or marketed as financial services. Therefore, companies cannot operate in the state without a license from the state.

To receive a license, an individual must have a verifiable source of income, a verifiable source of savings, and good credit history. Additionally, a loan must be less than $1,000, and an applicant must demonstrate that he or she is able to repay what they owe within 30 days after it is made.

Why might you need Ohio payday loans?

OH residents can borrow online payday loans from a lender, bank, or credit union for additional financing. The majority of borrowers earn at least $30,000 a year. Customers who do not qualify for credit cards or have very low credit limits are targeted because of past financial problems. 

Many Americans are targeted by lenders, but they tend to go after traditionally vulnerable populations. People without a college degree, renters, African Americans, people earning less than $40,000 a year, and those who are divorced or separated are most likely to obtain credit. 

Payday loans online Ohio state can be an excellent solution for people who need a short-term financial boost. They are designed to help people with emergencies such as car repairs or medical bills, but they can also be used for other situations. 

Credit is commonly used to pay for:

  • Rent/mortgage
  • Credit card payments
  • Utilities
  • Food
  • Car payments

Terms for payday loans in Ohio

The most common type of advance, with an APR of around 400%, is the rollover. One of the most important things to keep in mind when you take out payday loans online Ohio state is that they must be repaid in full within 30 days. If you’re unable to repay on time, you could face a late fee, penalty interest rate, and even criminal charges. 

In addition, if you take out more than one in a month, those advances will be considered multiple loans and will count as a violation of federal law.

Loan Amounts

There is a $1,000 limit on the principal balance of Ohio payday loans online. Payday financiers cannot avoid this rule due to extenuating circumstances or exceptions. 

Lenders typically provide finance between $100 and $1,000, usually in $10 increments. The total amount of credit a borrower can have cannot exceed 2,500, regardless of the lender. 

Before issuing any money, financiers should take significant steps to ensure that their customers are not borrowing from other lending institutions. As a result, it is easier for individuals with bad credit scores to obtain a loan. It is also easier for people to get money if they only need to provide their social security number and bank account information.

Loan Terms

The state has very strict laws on payday lenders, that all finance companies must adhere to. 

  • Statute of Limitations – 8 years (from the last payment)
  • Interest Rate (APR)- 28%
  • Restrictions – No more than $2,500 borrowed in total from all companies
  • Minimum  Term – 91 days
  • Number of Outstanding payments – 0
  • Maximum Amount- $1,000
  • Number of Rollovers – 0
  • Finance Charges – 28%
  • Maximum Term – 1 year

Companies are usually limited to 91 days in OH, but there is one exception: amounts of less than 6% of gross income or 7% of net income can be shortened. In the case of borrowing $600, you would not pay more than $400 in fees. If borrowers are late with repayments, all lenders must offer a grace period or be open to a flexible, affordable payment plan. 

Loan Rates

In addition to abiding by the limit on interest rates, companies must abide by the following laws: 

  • In total, the loan cost must not exceed 60 percent of the original principal, including fees and interest.
  • If a borrower is active military, the monthly maintenance fee can’t be more than $30 or 10 percent of the loan’s principal balance, whichever is less. 
  • To cash a check issued by a lender, the fee cannot exceed $10.
  • Interest or a fee of $2 may not be charged on a loan. As an example, a maximum collection charge of $20 is not allowed for advances with initial principal balances of $500 or more.

Pros and Cons of payday loans in Ohio

One of the main advantages of credit is that they are easy to get. Most OH residents can ask payday lenders for an advance without having to provide any documentation. Moreover, most companies only require applicants to submit their social security numbers and bank account information. This makes it easier for people with bad credit scores to qualify. 

However, there are some downsides to consider as well. For example, credit can lead to high-interest rates and fees if you don’t pay them back on time. Additionally, it can be hard to budget your money when you have several different debts that need to be paid each month.

Ohio payday loans online offer short-term advances that are given to people who need money for urgent expenses. They are often very expensive and can amount to hundreds of dollars when you take into account interest charges as well as fees for processing the payment.

What will Ohio payday loan cost?

The APR, or annual percentage rate, is one of the most crucial variables when determining payment rates. The amount of cash you borrow and the duration of time it will take you to repay your money determine the APR. 

The amount of money you can borrow and the length of time it will take you to pay it back are two crucial variables to take into account. This will assist you in making an educated choice about whether or not a payday loan is right for you.

You can estimate the total interest you’ll pay over the lifespan of your advance by determining the APR. To do this, estimate how much you’ll pay for the money you borrow by dividing the amount of interest paid by the amount borrowed, multiplying by 365, dividing by the repayment period, and multiplying by 100. 

Each OH payday advance also has a non-refundable upfront charge and a set interest rate. You’ll pay between $15 and $30 for every $100 borrowed. 

Ohio payday loans if the Credit Rating Is Poor

Bad credit scores can make it tough to secure financing. Those living in the area can seek an advance from online payday loans that provide money for those with bad credit. 

You can get a bad credit loan online, regardless of your score. But keep in mind that poor credit history can lead to high-cost, short-term financing with high-interest rates that may not be affordable in the long term. 

Unlike a secured advance, there is no collateral required. Therefore, payday loans are popular among people with bad credit histories and bad credit scores because they do not risk losing the collateral if they are unable to repay what they owe.

What are alternatives to Ohio payday loans?

Your local credit union or financial institution can assist you in choosing an alternative to borrowing money. Other alternatives include personal installment loans. They are comparable to other types of credit in that they are funded online or in person and have additional fees and interest. 

However, personal installment loans have a variety of distinct characteristics from others. They have higher interest rates than payday loans because borrowers with poor credit are more likely to repay what they owe.

Installment loans are also an excellent option for individuals who cannot get payday loans online Ohio state, as long as they have a decent or fair credit rating and a stable income. Payday lenders usually offer lower interest rates as they believe that the borrower will repay what they owe.

Those with bad credit can usually obtain a personal installment advance with a lower interest rate than other advances. If your credit history is poor or you don’t have a chance to improve your rating, an installment payout might be the perfect choice for you. 


Should I take out a payday loan in Ohio?

By all means, apply for a line of credit  if you know you will be capable of repaying the required amount (plus interest) in accordance with the agreement. Ensure to exhaust all of your options first, though. Ask family and friends for some short-term cash. And seek impartial advice concerning your finances. 

Can I get a payday loan in Ohio without an APR?

It is impossible to borrow money without paying APR. Companies make their money from the interest they pay for the amount they lend. You can get other types of credit that offer a 0% interest rate for a set time. But not for this type of advance. 

How many payday loans can you get in Ohio?

According to OH state law, borrowers can only apply for one payday loan at a time in order to avoid being penalized by the state. It is not possible for them, for example, to take out one line of credit with one company and then apply for another one with a different company at the same time. 

Does Ohio allow payday loans?

Yes, you can get payday loans online Ohio state. Despite their recent changes in the law regarding interest rates, and finance amounts. OH has, however, placed various limits on the amount of money and length of the term allowed. This is to prevent recurring debt. 

Can Payday Loans sue you in Ohio?

If a borrower does not repay, then OH can file a lawsuit. They can also legally pursue payment of the debt. And they can ask a court to intervene in the repayment process. They cannot, however, threaten you with jail time. 

Can payday loans garnish wages in Ohio?

Applying for advances is not a good substitute for wages. Due to the short-term nature of borrowing, they usually require payment by your next payday. As a result, when you repay what you owe plus interest and borrow again to cover your wages, you will end up in a spiral of debt.