Columbus, Ohio Payday Loan Alternative

Ohio’s capital of Columbus has one of the largest populations for a capital city at 860,000, and its Metro Area has over 2 million people. It’s known as a big city on the rise for an average annual salary of $51,805 as of Q2 2017, and its range of amenities. The city has a thriving shopping scene, from the modern Eastland Mall to the old-world charm of German Village, but all those opportunities to spend money leaves the average Columbus resident with $4,817 in credit card debt.

Payday Loans in Ohio

A large amount of debt can lead to constant stress over finances, and that often drives people to seek out any loan option they can find. Although payday loans provide a fast way to get money, this convenience comes at a price. The typical payday loan has a term length of just 14 days, which gives the borrower very little time to come up with the loan principal along with any interest and fees. Paying off the loan often leaves very little cash flow left over to pay for regular expenses, and many borrowers end up extending their loan or opening a new loan immediately after paying off the original one, starting a cycle of debt.

Installment Loans as a Payday Loan Alternative

Whether a borrower has been dealing with debt for a long time or has overextended themselves on frivolous expenses, there’s a payday loan alternative with installment loans from MaxLend. These personal loans can be applied for online, and provide borrowers with a lump sum of money upfront that can be direct deposited into a Columbus, Ohio bank account as soon as the next business day. instead of the entire loan amount being due in two weeks, the borrower can pay it back in installments, which means borrowers have more cashflow to continue being able to afford their daily expenses.

MaxLend has a few simple requirements that prospective borrowers must meet. They must have a checking account that they’ve had open long enough to meet the minimum duration requirements. They must have a verifiable source of income that gets deposited into the checking account regularly, and the amount must meet the income minimum requirements. The borrower must be at least 18 years of age and cannot be planning to file bankruptcy or be currently involved in a bankruptcy case. Additional requirements and restrictions may apply.

The application is fast, easy and available on the MaxLend website. The borrower can enter their information and complete the application in a matter of minutes, and then there’s just a quick phone verification with a helpful MaxLend customer service representative. The borrower can call MaxLend or wait for a representative to get in touch. MaxLend allows eSignatures for its loan documents, which means there’s no need to print anything.

The maximum loan amount through MaxLend is $3,750. After approval and after loan agreements are signed, the money is deposited directly into the borrower’s bank account, and the deposit can go through in as little as one business day.

Taking Back Financial Control

Money troubles can be a source of stress for people across the country, but a payday loan isn’t the only solution available. Most of the time, the short repayment term of a payday loan leads to a cycle of debt that only makes a financial situation worse. People who need a financial boost can also look into the convenience of personal installment loans. They can apply right now and if they’re approved, they can have their loan as soon as the next business day.


The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.