Payday Loans in Highgate Springs, Vermont

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Yankee Farm Credit, ACA 250 Commerce Way, Derby, VT 05829 +1 (802) 334 - 8050
The Richards Group 213 Main St, Ludlow, VT 05149 +1 (802) 228 - 8882
Davis & Hodgdon Associates CPAs 225 S Main St, Rutland, VT 05701 +1 (802) 775 - 7132
Vermont Mortgage Advisor - Mark R. Chaffee, CMP NMLS 22659 354 Mountain View Dr Suite 105, Colchester, VT 05446 +1 (802) 391 - 9208
Credit Union of Vermont 2 S Main St, Rutland, VT 05701 +1 (802) 775 - 4462
Morgan Stanley Smith Barney 626 Mountain Rd, Stowe, VT 05672 +1 (802) 253 - 7328
Northeast Schools-Hospital CU 189 E Main St C, Newport, VT 05855 +1 (802) 334 - 1844
Kirby Mary L 204 S Main St, Rutland, VT 05701 +1 (802) 775 - 7102
Members Advantage Community Credit Union 614 N Hartland Rd, White River Junction, VT 05001 +1 (802) 295 - 7805
Aaron Marc Z CPA 36 Harlow Hill Rd, Randolph, VT 05060 +1 (802) 728 - 3857

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Highgate Springs, VT, you can try to find different companies in big cities near by. Check out the following pages here: Same Day 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 Highgate Springs, VT.

Beautiful sights of Highgate Springs, VT

Are Payday Loans Legal In Highgate Springs, 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

Highgate Springs, VT payday loan calculator

Understanding Payday Loans in Highgate Springs, Vermont

Payday loans, which are also known as cash advance loans, are short-term loans that people can borrow to cover unexpected expenses. These loans are usually taken out by people who are strapped for cash and need to make ends meet until their next paycheck. Payday loans have been widely criticized for their high-interest rates and the cycle of debt they can create. It’s important to understand that payday loans are prohibited in Vermont, including Highgate Springs.

Why are Payday Loans Prohibited in Vermont?

The state of Vermont has put restrictions on payday loans to protect its residents from falling into predatory lending traps. In 2012, Senate Bill 108 was passed, which put strict guidelines on lenders offering payday loans. This legislation outlawed payday loans by imposing a 18% APR cap on all loans issued in the state.

The bill was passed due to the overwhelming number of complaints against payday lenders and their predatory lending practices. These lenders would charge high-interest rates and fees, and would trap people in a cycle of debt that they couldn’t get out of. The goal of the legislation was to provide some protection to the people of Vermont and prevent them from falling into this trap.

What are the Alternatives to Payday Loans in Highgate Springs, Vermont?

There are several alternatives to payday loans in Highgate Springs, Vermont. These include:

  • Credit union loans
  • Personal loans from friends or family members
  • Credit card cash advances (although these should be used sparingly)
  • Government assistance programs

It’s important to explore all your options before resorting to payday loans, which are prohibited in Vermont. Banks, credit unions, and other financial institutions offer a variety of loan products that can be more affordable and sustainable in the long run.

Interesting Facts and Statistics

  • Payday loans are illegal in 17 US states, including Vermont.
  • The average payday loan borrower takes out eight loans per year.
  • The average interest rate on a payday loan is 391%.
  • Payday loan borrowers are more likely to suffer from overdraft fees, bank account closures, and bankruptcy than non-borrowers.

Apply Now with TheGuaranteedLoans

If you are in need of a loan, TheGuaranteedLoans can help. As a connector service, we can connect you with potential lenders who can provide you with the funds you need. Our application process is quick and easy, and we can help you find a loan that works for you.

Remember, we are not a direct lender, but we can help facilitate your connection with a lender who can meet your needs. Get started today by filling out our online application form.

Conclusion

Payday loans are a type of short-term lending that are heavily restricted in Vermont. Legislation passed in 2012 protects residents from predatory lending practices and high-interest rates. It’s important to explore all your options before resorting to payday loans. At TheGuaranteedLoans, we can connect you with potential lenders who can provide you with the funds you need. Apply now and take the first step towards financial stability.

F.A.Q.

Can I be charged with a crime for taking out an illegal payday loan in Highgate Springs, Vermont?

No, taking out an illegal payday loan in Highgate Springs, Vermont is not a crime. However, the lender may face legal consequences for offering illegal loans.

Can I be sued for not paying back an illegal payday loan in Highgate Springs, Vermont?

No, you cannot be sued for not paying back an illegal payday loan in Highgate Springs, Vermont.

Look for Short-Term Loans in Other Cities: