Canton Payday Loans: Subprime Report
An OppLoans Guide to Getting The Help You Need


Life will occasionally come at you with some hard hits. As a resident of Canton, you may find yourself familiar with these hits, and not just because Canton is the birthplace of the NFL. The decline of the manufacturing industry in this country has hit many folks hard in the pocketbook, but there is hope and help available to you and your family. There are organizations located in your city and the broader Stark County that want to assist you in your time of need. All you have to do is take the first step and reach out.

Borrowing Money in Canton

People need quick financial support for a variety of reasons. Whatever your reason may be, there are many options available to you in Canton. But before making any decisions, it is important to fully understand these options and what they mean for your financial future, both in the immediate and long-term. Below are some types of loans that may do more harm than help; even if something may seem like the right choice in the moment, you do not want to set yourself up for a more difficult future. Consider learning The Truth about Payday, Pawn Shop, and Car Title Loans.

Payday Loans in Canton
A risky and often predatory loan.

Payday loans make money by preying on people with low incomes. How? These places, which you can find all over Canton, offer fast cash to those who promise to pay back the entirety of the loan plus interest with their next paycheck. So what makes these places predatory? The interest rates are impossibly high, making paying them back on time extremely difficult, especially for folks living paycheck to paycheck. These loans can be incredibly dangerous, with many borrowers often finding themselves trapped in a debt cycle and “rolling over” payday loans. Illegal in Ohio, this is the practice of extending repayment periods while increasing interest.

If you are seeking more information regarding your payday loan, you can contact the Consumer Financial Protection Bureau at 855-411-2372 or the Ohio Department of Commerce.

Subprime Reports

See more local Ohio Subprime Reports below:
Akron Payday Loans | Canton Payday Loans | Cincinnati Payday Loans | Cleveland Payday Loans | Columbus Payday Loans | Dayton Payday Loans | Freemont Payday Loans | Lima Payday Loans | Springfield Payday Loans | Toledo Payday Loans | Youngstown Payday Loans

References:

  1. “Stark County’s Heroin Epidemic”. Mental Health and Recovery Services Board of Stark County. Accessed March 7, 2016. https://www.starkmhrsb.org/site/PageServer?pagename=Help_StarkCountysHeroinEpidemic.
  2. “Car-title Loans and What You Can Lose”. Ohio Attorney General: Mike DeWine. Accessed March 7, 2016. https://www.ohioattorneygeneral.gov/Media/Newsletters/Consumer-Advocate/June-2013/Car-title-Loans-and-What-You-Can-Lose.
  3. Ohio Subprime Report

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