Payday Loans Youngstown, OH – Compare Licensed Lenders (2026)

$$1000

Max Loan Amount

Active Lenders

15 min

Approval Time

$60K

Population

Youngstown, Ohio, nestled in the heart of Mahoning County, is home to 60,068 residents. Known for its diverse industries, ranging from manufacturing to healthcare, this city offers its citizens an average income of $52,000. The cost of living in Youngstown is approximately 10% lower than the national average, making it an attractive place for residents. However, like any community, unexpected financial challenges can arise, prompting individuals to seek out payday loans. In Youngstown, where immediate cash access can be essential, understanding local lending options is crucial for managing those urgent expenses effectively.

About Youngstown

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

Ohio Payday Loan Regulations

Max Loan Amount:$1,000

Max Term:12 months minimum

Typical APR:28% (short-term loan law applies)

Finance Charge:Interest-based (28% APR cap)

Regulatory Body:Division of Financial Institutions

Ohio passed the Fairness in Lending Act in 2018, capping APR at 28% and requiring minimum loan terms of 90 days.

Important: This information is current as of January 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

Where to Find Payday Loans in Youngstown

In Youngstown, the payday lending landscape is unique due to the absence of active lenders with physical storefronts. Residents seeking such financial services must rely on online lenders to access payday loans. While Ohio state regulations cap payday loan amounts at $1,000 with an APR of 28%, it’s important to navigate these options carefully and choose reputable online platforms. Given the 0 active lenders specifically in Youngstown, exploring regional or national online lenders can be a suitable alternative for those in need of quick cash solutions.

Compare Lenders in Youngstown

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Youngstown

Calculation

Loan Amount: $$500

Term: $14 days

APR: $28%

Fee: $$5.37

Total Repayment: $$505.37

Effective APR: $28.0%

⚠️ Important Notes

✓ For Youngstown residents earning $$52,000, this payment is around 1.9% of monthly income
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Youngstown

✅ Advantages

✓ Process 100% online
✓ Decision in 15 min
✓ Available for Youngstown residents
✓ No collateral
✓ Early repayment OK

❌ Disadvantages

✗ Higher APR than banks
✗ Limited local lender options
✗ Credit check required

💡 Expert Recommendation for Youngstown Residents

According to Rostislav Sikora, a recognized loan expert, the relatively low cost of living in Youngstown can make short-term payday loans a viable option for meeting sudden financial needs. However, he advises residents to carefully compare APR rates and ensure that the loan repayment does not exceed 35% of their monthly income, to maintain financial stability.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Youngstown, OH

How do I get a payday loan in Youngstown, OH?

You can apply for a payday loan in Youngstown through various online lenders that are licensed to operate in Ohio.

What's the max I can borrow in Youngstown?

In Youngstown, you can borrow up to $1,000 due to Ohio’s state regulations.

Can I get approved with bad credit in Youngstown?

Yes, many online lenders in Youngstown consider applications from individuals with bad credit.

Are there storefronts in Youngstown or is it online only?

Currently, there are no active payday loan storefronts in Youngstown; online lending is the primary option.

How fast can I get money in Youngstown?

Online lenders typically approve applications within minutes, and funds can be deposited as quickly as the next business day.

What happens if I can't repay my Youngstown payday loan?

Failing to repay can result in additional fees and potential negative impacts on your credit score.

Are payday loans legal in Youngstown, OH?

Yes, payday loans are legal in Youngstown, but they are regulated under Ohio state laws with a maximum APR of 28%.

What documentation is needed for a payday loan in Youngstown?

You'll need to provide identification, proof of income, and a bank account to apply with online lenders.

Nearby cities in Ohio

Compare options in nearby Ohio cities. Rates and approval times can vary by lender.

USA loan hub View Ohio loan options Compare payday lenders Compare lenders side-by-side Payday loan guides

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Youngstown, OH and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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