Payday Loans in Alburgh, Vermont

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No payday loan companies in Alburgh, VT. Consider companies in other cities:

Company nameAddressZip codePhone number
NBT Bank 122 West St 101, Rutland, VT 05701 +1 (802) 747 - 6982
Northfield Savings Bank 2 N Main St, Randolph, VT 05060 +1 (802) 728 - 4837
TD Bank 39 Main St, Stowe, VT 05672 +1 (802) 253 - 7368
Walmart Money Center 212 Northside Dr, Bennington, VT 05201 +1 (802) 447 - 1614
TD Bank 4 Main St, Essex Junction, VT 05452 +1 (802) 878 - 6900
United States Postal Service 510 South Road, Marlboro, VT 05344 +1 (800) 275 - 8777
Community Bank, N.A. 286 Route 7 South Green Mountain Plaza, Rutland, VT 05701 +1 (802) 747 - 5000
Homebridge Financial Services, Inc. 54 Woodstock Ave Suite 1, Rutland, VT 05701 +1 (802) 772 - 7089
Aaron Marc Z CPA 36 Harlow Hill Rd, Randolph, VT 05060 +1 (802) 728 - 3857
TD Bank 5112 Shelburne Rd, Shelburne, VT 05482 +1 (802) 985 - 8071

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Alburgh, VT, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Burlington, VT. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Alburgh, VT.

Beautiful sights of Alburgh, VT

Are Payday Loans Legal In Alburgh, Vermont?

Payday Lending is Prohibited in Vermont

Vermont Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Alburgh, VT payday loan calculator

Understanding Payday Loans in Alburgh, Vermont: Why You Can’t Get One

Payday loans are a type of consumer loan that’s typically short-term and require payment in full plus interest by the borrower’s next payday. While some states have regulations governing payday loan lenders, these loans remain illegal in Vermont. In this article, we will explore why payday loans are prohibited in the town of Alburgh, Vermont, and what options are available to those in need of quick financial assistance.

The Status of Payday Loans in Vermont

In 2012, Vermont officially prohibited payday lending with strict laws prohibiting interest rates higher than 18%. However, the state’s attorney general’s office has also cracked down on unlicensed high-interest lenders masquerading as tribal lenders or online lenders. This law was passed after years of searching for ways to end the practice of charging high interest rates to low-income borrowers who had few other options.

The Need for Payday Loans in Alburgh, Vermont

Despite being prohibited in Alburgh, Vermont, payday loans still remain an attractive avenue for many individuals who are in urgent need of funds. Often, borrowers run into situations where they need cash quickly to cover necessary expenses like rent, food, or utility bills. These individuals may not be able to secure a traditional bank loan or credit card because of poor credit standing, limited income, or employment issues.

In the absence of payday loans, people in need of short-term funding can look at other options, such as taking out a personal loan from a credit union or bank, consolidating debt through credit counseling, or seeking help from family members or friends.

Facts About Payday Loans in Vermont

  • Payday loans are illegal in Vermont due to a law enacted in 2012.
  • Payday lenders who fail to comply with the state’s regulations face steep fines and penalties.
  • Vermont state law caps interest rates at 18% APR for consumer loans, which aids in preventing predatory lending practices.
  • There are no payday lenders licensed to operate in Vermont.

Apply Now with TheGuaranteedLoans

While payday loans aren’t legal in Alburgh, Vermont, TheGuaranteedLoans can still help you connect with lenders who offer other types of financing options that may better suit your financial needs. Our online application process is quick, easy, and most importantly, free. All you need to do is fill out our simple form and get pre-qualified for a loan in minutes.

We understand that unexpected financial problems can arise and sometimes need to be addressed quickly. That’s why TheGuaranteedLoans is here to provide a solution. With our secure online platform, borrowers can easily find a lender who will offer competitive rates and favorable terms. As a connector service, we are not a direct lender. Instead, we will facilitate the connection between borrowers and lenders who may be able to provide funds for critical expenses. By working with us, you can be confident that your personal information will remain safe and secure.

Bottom Line

Although payday loans are illegal in Alburgh, Vermont, there are other financing options available for those in need of quick cash. It’s important to remember that payday loans often come with high-interest rates and fees that can create a cycle of debt and financial strain. Taking out a loan should only be done after careful consideration of all options and with a clear plan on how to repay it. At TheGuaranteedLoans, we are here to assist you through our online platform by connecting you with potential lenders who offer steady and desirable interest rates to help you rebuild your finances.

F.A.Q.

Can I take out a payday loan online in Alburgh, Vermont?

No, even if the lender is located outside of Vermont, it is illegal to take out a payday loan online in this state.

Can I take out a payday loan from a lender in another state and use it in Alburgh, Vermont?

No, it is illegal to use a payday loan from another state in Alburgh, Vermont.

Look for Short-Term Loans in Other Cities: