Online Payday Loan Lenders Nearby in Chesapeake OH
Chesapeake is a village located in the Lawrence County in Ohio. It’s an extremely small settlement with a total population of only 700 as of 2020. It lies opposite to the Ohio river across Huntington, West Virginia. Most of the employment opportunities in the village are met by the nearby Huntington which is just a bridge away. There was a significant number of people in the village below the poverty line back in 2000, getting up to about 15% of the total population. Even with such a small total population, schools have been set up to cater to every needs.
If you are living in this village and you are ever in need for quick cash loans then it’s the right time to try it out. The State of Ohio just passed a legislation to reduce exploitation of the borrower when taking payday loans. The highest APR has been fixed to 28% and interests and fees up to 60%. Now you can only take up to $1,000 for a minimum repayment term of 3 months and maximum a year. But keep in mind that if you have an outstanding debt of more than $2,500 you can be rejected for the loan.