Payday Loans in Lorado, 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 Lorado, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
City National Bank 149 N Washington St, Berkeley Springs, WV 25411 +1 (304) 258 - 4343
Harrisville Auto Center 1609 E Main St E, Harrisville, WV 26362 +1 (304) 643 - 2927
BB&T 2015 Meadowbrook Mall, Bridgeport, WV 26330 +1 (304) 842 - 7315
ATM M&t Bank 7899 Winchester Ave, Inwood, WV 25428 +1 (800) 627 - 3999
Citifinancial 220 Virginia St W, Charleston, WV 25302 +1 (304) 342 - 7161
ATM Clear Mountain Bank 41 S Buffalo St, Rowlesburg, WV 26425 +1 (304) 454 - 2431
Huntington Bank 215 Three Springs Dr, Weirton, WV 26062 +1 (304) 723 - 3099
Farmers Bank and Savings Company 3572 Teays Valley Road, Hurricane, WV 25526 +1 (304) 760 - 1200
Chase Bank 200 Kanawha Mall, Charleston, WV 25304 +1 (304) 925 - 1925
United Bank 220 Main St, Logan, WV 25601 +1 (304) 752 - 6570

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lorado, WV, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Charleston, WV, Payday Loans in Huntington, WV, Payday Loans in Morgantown, WV and Payday 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 Lorado, WV.

Are Payday Loans Legal In Lorado, 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

Lorado, WV payday loan calculator

Payday Loans in Lorado, West Virginia: An Overview

At TheGuaranteedLoans, we understand the financial struggles that many Americans face. Especially in tough times, unexpected expenses can quickly turn into financial emergencies. Payday loans have become a popular solution to resolve temporary financial difficulties. However, it is essential to be aware of the legalities surrounding payday loans in your state. In this article, we will explain the legal status of payday loans in Lorado, West Virginia, and offer guidance on alternative solutions for those in need of short-term financial assistance.

The Legal Status of Payday Loans in West Virginia

Before we dive into the specifics of payday loans in Lorado, West Virginia, it is important to note that payday loans are illegal in the state of West Virginia. In fact, West Virginia is one of the states that has banned payday lending entirely. This is due to concerns about predatory lending practices and high interest rates associated with payday loans.

The West Virginia Code 46A-4-107 and 32A-3-1 et. seq. make it illegal for payday lenders to operate in the state of West Virginia. Furthermore, West Virginia residents are prohibited from taking out payday loans online from companies based outside the state.

Alternatives to Payday Loans in Lorado, West Virginia

While payday loans are not an option for those living in Lorado, West Virginia, there are alternative solutions available for those who need short-term financial assistance. These alternatives include:

  • Personal Loans: Personal loans are a popular option for those who need to borrow money quickly. Personal loans typically have lower interest rates than payday loans and can be repaid over a longer period of time. However, personal loan applications are subject to credit checks and may take longer to process.
  • Credit Union Loans: Credit unions are non-profit financial institutions that offer loans to their members. Credit union loans typically have lower interest rates than payday loans, and credit unions may be more willing to work with borrowers who have less-than-perfect credit scores.
  • Credit Counseling: For those experiencing financial difficulties, credit counseling is an option to consider. Credit counseling agencies can work with borrowers to create a budget, manage debt, and negotiate with creditors.
  • Emergency Assistance Programs: For those facing a financial emergency, there are many programs available that can provide short-term assistance. These programs may include local community organizations, non-profits, or religious organizations.

Facts and Statistics about Payday Loans in Lorado, West Virginia

Although payday loans are illegal in West Virginia, it is important to be aware of the impact that payday loans have had on other states. The following facts and statistics highlight the dangers associated with payday loans:

  • The median payday loan borrower is in debt for 199 days per year.
  • The average payday loan borrower pays $458 in fees and interest for a $350 loan.
  • In states with no rate caps, the average payday loan interest rate is 391%.

These statistics demonstrate the potential dangers of payday loans, and why it is crucial to explore alternative options for those in need of short-term financial assistance.

Apply Now for Alternative Loan Solutions

If you are in need of short-term financial assistance, TheGuaranteedLoans is here to help. As a connector service, TheGuaranteedLoans can help you find a lender that meets your needs and financial situation. We work with a network of reputable lenders that offer personal loans, credit union loans, and other alternative lending solutions. Apply now to get started on your path to financial freedom.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Lorado, West Virginia?

No, because payday loans are illegal in Lorado, West Virginia, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Lorado, West Virginia?

Yes, the state of West Virginia has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.

Look for Short-Term Loans in Other Cities: