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200 Dick Street, Suite A, Fayetteville, NC 28301
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If you borrowed from RISE, Balance Credit, or LoanMart, you may see Quill Bank listed on your loan agreement or statement. These online lenders offer high-interest personal, installment, and title loans. However, some of these lenders are not licensed in North Carolina, so they can’t charge more than 16% interest on loans of $25,000 or less. If you believe your interest rate may be illegal, contact Maginnis Howard for a free consultation. Our attorneys can review your documents and discuss your options if a lender is violating the law.
Quill Bank is a fintech bank brand established in June 2026 and operated by Capital Community Bank (CCBank). The Utah-based bank formed Quill specifically for fintech lenders. Consumers who have taken out certain personal and installment loans may find Quill Bank listed on their loan agreements and monthly statements. A few common loan companies use Quill Bank to fund their loans.
Quill funds several types of personal and installment loans online in North Carolina through companies such as RISE, Balance Credit, and LoanMart. Some of these loans may offer terms that violate North Carolina’s consumer protection laws.
RISE is a Texas-based fintech lender that offers loans online in North Carolina. The company’s website lists common loan examples in NC with rates ranging from 99% to 199%. These loans, funded by Quill, are offered in amounts ranging from $500 to $ 5,000.
Balance Credit is a Chicago, IL lender that offers loans made by Quill Bank in North Carolina. Balance does not disclose its interest rates on its website but offers loans from $500 to $4,000.
Wheels Financial Group (doing business as LoanMart) is a California-based lender that specializes in offering high-interest, poor-credit, car title loans. These short-term loans use a borrower’s car title as collateral. They can have interest rates up to 300% in some cases.
In North Carolina, a lender who charges more than 16% interest on loans for $25,000 or less must be registered with the North Carolina Office of the Commissioner of Banks (NCCOB). LoanMart, Rise, and Balance Credit are NOT registered with NCCOB, making the predatory rates they charge North Carolinians illegal.
North Carolina offers robust consumer protections against predatory lending and other consumer concerns. These include:
If you have a Quill Bank loan from an unlicensed company, your interest rate may be illegal. The most effective way to resolve an illegal loan, such as a title loan, is to contact an experienced North Carolina consumer protection lawyer. Lenders that partner with banks like Quill often claim that North Carolina’s interest limits don’t apply to them. Their contracts may also include arbitration clauses and out-of-state choice-of-law provisions designed to keep borrowers from going to court. These are complex arguments, and an experienced attorney knows how to challenge them. Additionally, your attorney will handle all correspondence with the lender and all legal filings on your behalf.
North Carolina law allows consumers to pursue monetary damages against companies that violate our laws. The amount you receive depends on the type of loan, whether you have paid the debt, and other individual factors. Generally, lenders that violate the maximum interest rate law are subject to forfeiting the debt, repaying twice the interest paid, and, if applicable, returning the auto title.
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