Payday Loans in Handley, West Virginia

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 Handley, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
Godfather's Pawn 407 Rogers St, Princeton, WV 24740 +1 (304) 425 - 7296
Gold Rush Morgantown - Cash for Gold, Diamonds, Gift Cards 9076 Mall Rd, Morgantown, WV 26501 +1 (304) 376 - 6548
BB&T 5638 US-60, Huntington, WV 25705 +1 (304) 736 - 2526
First State Bank 6441 Farmdale Rd, Barboursville, WV 25504 +1 (304) 736 - 5271
First American Cash Advance 122 Nick Savas Dr, Logan, WV 25601 +1 (304) 792 - 6230
Raleigh County Educators Fed CU 105 Adair St, Beckley, WV 25801 +1 (304) 256 - 4600
Raymond James Financial Services 2513 Jackson Ave, Point Pleasant, WV 25550 +1 (304) 675 - 8130
First United Bank & Trust 320 S View Dr Suite 104, Bridgeport, WV 26330 +1 (304) 848 - 4350
BB&T 201 Summerlee Ave, Oak Hill, WV 25901
City National Bank 5263 US-60 E, Huntington, WV 25705 +1 (304) 733 - 3600

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Handley, WV, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Charleston, WV, Quick Loan in Huntington, WV, Emergency Loan in Morgantown, WV and Bad Credit Loans in Parkersburg, WV. 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 Handley, WV.

Payday Loans Available in Handley, WV By The Following ZIP Codes:

25102

Are Payday Loans Legal In Handley, West Virginia?

Payday Lending is Prohibited in West Virginia

West Virginia Loan Regulations

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

Handley, WV payday loan calculator

Understanding Payday Loans in Handley, West Virginia

Payday loans have become a popular option for many people facing unexpected financial difficulties. These types of loans are often marketed as a quick and easy solution to a short-term cash flow problem. However, in West Virginia, payday loans are prohibited, including in Handley. It’s important to understand the local regulations and laws before seeking payday loans in any location to avoid unnecessary legal troubles.

What are Payday Loans?

Payday loans are short-term loans designed to be repaid within a few weeks, typically by the borrower’s next payday. These loans often carry high-interest rates and fees, making them an expensive borrowing option. Some payday lenders require borrowers to provide a post-dated check or give access to their bank account to withdraw funds on the due date.

In West Virginia, payday loans are strictly prohibited by state law. The state’s usury laws prohibit the charging of exorbitant interest rates, making it impossible for payday lenders to operate legally. Any lender caught offering payday loans to West Virginia residents can face severe penalties, including fines and imprisonment.

The Risks of Payday Loans

Despite the high fees and interest rates associated with payday loans, many people still take the risk of borrowing money from these lenders. However, payday loans come with significant risks that can make a borrower’s financial situation worse.

  • High-Interest Rates: Payday loans often carry annual interest rates that can be as high as 400%, making it difficult for borrowers to repay the loan on time and in full.
  • The Debt Trap: Payday loans can trap borrowers in a cycle of debt, with many people taking out new loans to repay old ones. This can result in a cycle of rolling over the debt and incurring additional fees and charges.
  • Collections and Legal Action: Failure to repay a payday loan on time can result in collection efforts and legal action against the borrower. This can result in wage garnishments, asset seizures, and negative impacts on credit scores.

Alternative Options

If you find yourself in a position where you need to borrow money, there may be better options available than payday loans. Here are some alternatives to consider:

  • Credit Counseling: Credit counseling agencies can provide guidance and advice on how to manage debt and improve your financial situation.
  • Emergency Assistance Programs: Some organizations offer assistance with emergency expenses, including rent and utility bills, and food assistance.
  • Credit Card Cash Advance: Using a credit card to obtain a cash advance can be less expensive than a payday loan, but it is still important to consider the interest rates and fees involved.

Interesting Facts about Payday Loans in Handley, West Virginia

  • In 2019, West Virginia’s Attorney General settled with a payday loan company operating in the state. The settlement required the company to provide $1.2 million in relief to borrowers who were charged exorbitant interest rates.
  • A study by the Center for Responsible Lending found that payday loans cost West Virginia families more than $36 million in fees and interest in 2017.
  • The average APR for payday loans in West Virginia is 582%, higher than the national average of 400%.

Apply Now

At TheGuaranteedLoans, we are committed to helping people find the right lending options for their needs. As a connector service, we work with a network of reputable lenders to connect borrowers with potential lending options. We do not provide direct lending services; instead, we facilitate the connection between borrowers and lenders. If you are in need of financial assistance, we encourage you to fill out our online application today.

It’s important to remember that payday loans are not legal in West Virginia, including Handley. If you are looking for alternatives to payday loans and want to explore your borrowing options, we are here to help. We believe that everyone deserves access to fair and transparent lending options, and we are committed to working with you to find the right solution for your needs.

F.A.Q.

Can I be arrested for taking out a payday loan in Handley, West Virginia?

It is unlikely that a borrower would be arrested for taking out a payday loan in Handley, West Virginia, as the focus of enforcement efforts is typically on the lenders, rather than the borrowers. However, borrowers who knowingly engage in illegal activities, such as providing false information to a lender or participating in a loan scheme, may face criminal charges.

Are there any other resources available to help me avoid predatory lending in Handley, West Virginia?

Yes, there are several resources available to help consumers avoid predatory lending in Handley, West Virginia, including the state's Consumer Financial Protection Bureau, the West Virginia State Banking Department, and the West Virginia City Department of Consumer Affairs.

Look for Short-Term Loans in Other Cities: