Payday Loans in Wells, Vermont

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

Company nameAddressZip codePhone number
TD Bank 1855 Williston Rd, South Burlington, VT 05403 +1 (802) 658 - 0229
TD Bank 39 Main St, Stowe, VT 05672 +1 (802) 253 - 7368
Academy Mortgage - Stowe 91 Main St #3, Stowe, VT 05672 +1 (802) 253 - 2055
Tax Team 86 Court St, Middlebury, VT 05753 +1 (802) 388 - 6603
Community Bank, N.A. 25 Ralph Lehman Dr, White River Junction, VT 05001 +1 (802) 295 - 2307
United States Postal Service 5 Post Rd, Westford, VT 05494 +1 (800) 275 - 8777
Wells River Savings Bank 223 Main St, Bradford, VT 05033 +1 (802) 222 - 4210
United States Postal Service 30 Monument Cir, Barnet, VT 05821 +1 (800) 275 - 8777
Community Bank, N.A. 25 Monkton Rd, Vergennes, VT 05491 +1 (802) 877 - 3143
TD Bank 2 Church St, Bellows Falls, VT 05101 +1 (802) 463 - 4511

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wells, VT, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for 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 Wells, VT.

Beautiful sights of Wells, VT

Payday Loans Available in Wells, VT By The Following ZIP Codes:

05774

Are Payday Loans Legal In Wells, 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

Wells, VT payday loan calculator

Payday Loans in Wells, Vermont: What You Need to Know

If you’re facing a financial emergency such as a sudden car repair or an unexpected medical expense, you may be considering a payday loan as a solution. However, if you live in Wells, Vermont, it’s important to note that payday loans are illegal in the state. Before you consider other options, here’s what you need to know about payday loans in Wells, Vermont.

What are Payday Loans?

Payday loans are short-term loans designed to help individuals bridge the gap between paychecks. They typically have high interest rates and fees, and are often due on the borrower’s next payday. However, Vermont state law prohibits payday loans, along with other forms of high-interest lending such as title loans and cash advances.

Why are Payday Loans Prohibited in Vermont?

Vermont has strict laws around lending practices to protect consumers from predatory lending. Payday loans are considered to be high-risk, high-cost loans that can lead to a cycle of debt for borrowers. The state has several consumer protection laws in place to prevent lenders from charging exorbitant fees and interest rates.

What are the Alternatives to Payday Loans in Wells, Vermont?

If you’re facing a financial hardship in Wells, Vermont, there are several alternatives to payday loans:

  • Personal Loans: Personal loans are a good option for those with good credit. They typically have lower interest rates and better terms than payday loans.
  • Credit Counseling: Credit counseling can help you develop a budget and repayment plan to get out of debt.
  • Emergency Assistance: Many non-profits and community organizations offer emergency financial assistance for those in need.
  • 401(k) Loan: If you have a 401(k) retirement plan, you can borrow against it without penalties or taxes.

Interesting Facts about Payday Loans in Wells, Vermont

  • In 2012, Vermont became the first state in the country to prohibit payday loans through legislation.
  • According to Vermont’s Department of Financial Regulation, payday loans are considered to be “unconscionable” due to their high interest rates and fees, which can lead to a cycle of debt for borrowers.
  • The average annual interest rate on a payday loan in the United States is 391%, according to the Consumer Financial Protection Bureau.

Apply Now with TheGuaranteedLoans

While payday loans are not available in Wells, Vermont, we at TheGuaranteedLoans can help connect you with potential lenders for other financial solutions. apply-now-btnOur online application process is quick and easy, and our service is always free. Please note that TheGuaranteedLoans is a connector service and not a direct lender.

Don’t let a financial emergency derail your life. Contact us today and find the solution that works for you!

F.A.Q.

Are there any alternatives to payday loans in Wells, Vermont?

Yes, there are several alternatives to payday loans in Wells, Vermont, including credit unions, community development financial institutions, and small-dollar loan programs offered by banks and credit unions.

Can I still take out a payday loan if I live in Wells, Vermont but the lender is based in another state?

No, it is illegal for payday lenders to offer loans to residents of Vermont, regardless of where the lender is located.

Look for Short-Term Loans in Other Cities: