North Carolina Payday Loans

Since 2001, cash advances have been prohibited in North Carolina. Prior to that, there was a statute that permitted them but it expired without the legislature moving forward to renew or extend it. In addition to the ban, the North Carolina Consumer Finance Act has stipulations that make it impossible for payday lenders to stay in business. Since the small loan interest rate cap is 36 percent annually, payday lenders cannot operate effectively. Cash advances are designed to provide short-term relief to consumers but in order to make the funds available to a wide range of customers, these businesses generally charge over 300 percent APR.

Though payday lenders are scarce and technically prohibited in North Carolina, cities like Charlotte and Raleigh still have lenders.

Maximum Principal

No maximum loan amount is specified as payday lenders cannot operate in North Carolina.

Length of Loan

There are no laws for loan terms since cash advance companies cannot operate in the state.


No statutes exist regarding the extension or rollover of payday loans.


The small business loan cap is set at 36 percent annually. In addition, cash advance lenders can institute a 15 percent fee on a maximum principal amount of $300.


The laws of North Carolina do not address APR or fee schedules for cash advance companies.

Automated Cash Flow Inc
2023 Beatties Ford Road
Charlotte, NC 28216
ACE Cash Express
7008 E Wt Harris Blvd, 28215
Charlotte, NC 28210
Carolina Cash Express
2600 Central Avenue
Charlotte, NC 28205
U S A Check Cashing
5115 N Tryon St, 28213
Charlotte, NC 28280
U S A Check Cashing
5115 N Tryon St, 28213
Charlotte, NC 28255
Ace America's Cash Express
8000 Corporate Center Dr
Charlotte, NC 28277
Sab Check Cashing
5859 Albemarle Rd
Charlotte, NC 28213
(704) 537-9955
Checks Etc
6220 Idlewild Rd
Charlotte, NC 28273
(704) 568-2226
Discount Check Cashers
1535 West Blvd
Charlotte, NC 28262
(704) 372-7438
ACE Cash Express
1499 New Walkertown Road Northeast
Winston-Salem, NC 27101
(336) 722-0233

North Carolina Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter