Payday Loans in Red House, 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 Red House, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
Citizens Bank of West Virginia 211 3rd St, Elkins, WV 26241 +1 (304) 636 - 4095
Paradise Pawn 482 Williamsport Pike, Martinsburg, WV 25404 +1 (304) 263 - 8100
MCNB Banks - Parkersburg Loan Center 1119 Garfield Ave, Parkersburg, WV 26101 +1 (304) 207 - 1607
Logan Bank and Trust 200 Huff Creek Pkwy, Man, WV 25635 +1 (304) 583 - 8880
Thrivent Financial for Lutherans 2088 Grassy Meadows Road, Alderson, WV 24910 +1 (681) 495 - 1954
Jackson Hewitt Tax Service 165 E 2nd Ave, Williamson, WV 25661 +1 (304) 235 - 2700
Bayer Heritage Federal Credit Union 178 WV-2, New Martinsville, WV 26155 +1 (304) 455 - 4029
Main Street Bank Wellsburg 1010 Commerce St, Wellsburg, WV 26070 +1 (304) 737 - 2345
WesBanco Bank 910 Lafayette Ave, Moundsville, WV 26041 +1 (304) 843 - 0100
BB&T 610 Viand St, Point Pleasant, WV 25550 +1 (304) 675 - 2500

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Red House, WV, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Charleston, WV, Bad Credit Loans in Huntington, WV, Online 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 Red House, WV.

Are Payday Loans Legal In Red House, 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

Red House, WV payday loan calculator

Understanding Payday Loans in Red House, West Virginia

Payday loans are a type of short-term loan designed to help people cover unexpected expenses between paychecks. These loans are typically due on the borrower’s next payday and can carry high interest rates and fees. In Red House, West Virginia and many other states in the US, payday loans are prohibited by law.

The Prohibition of Payday Loans in West Virginia

In West Virginia, the state law prohibits payday lenders from operating in the state. The West Virginia Division of Financial Institutions regulates financial services provided to consumers in the state, including payday loans. According to West Virginia Code § 46A-4-107 and § 32A-3-1 et seq., payday loans are illegal in West Virginia, and their regulation, establishment, and operation are considered violations under the state law. The West Virginia law protects its residents from predatory lending practices and high-interest rates.

The High Cost of Payday Loans

While payday loans are not available in Red House, West Virginia, it’s still important to understand the pitfalls associated with these loans. In other states where payday loans are legal, they carry high costs, often with triple-digit annual percentage rates (APRs), which translate into high finance charges and fees. These high costs can lead to a cycle of debt for borrowers who are unable to repay the loan in full by the due date. In some instances, borrowers may end up paying more in fees and interest than the amount they borrowed.

In contrast, TheGuaranteedLoans has a network of lenders with various loan options available, including installment loans, title loans, and personal loans. These types of loans typically have longer terms and lower interest rates than payday loans, making them more affordable for borrowers.

Interesting Facts and Statistics about Payday Loans

  • According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out eight loans per year, spending $520 on interest in the process.
  • Payday loans are banned in eighteen states and the District of Columbia.
  • The average payday loan borrower is in debt for five months out of the year, spending an average of $520 in fees and interest to repeatedly borrow $375.
  • Alabama, Mississippi, and Louisiana have the highest concentration of payday lenders per capita in the United States.

Apply Now for Alternative Loan Options

At TheGuaranteedLoans, we help connect borrowers with a network of lenders offering alternative loan options to payday loans. Our online platform allows borrowers to fill out a simple online application and be connected with potential lenders who can provide the funds they need.

It’s important to note that TheGuaranteedLoans is not a direct lender; we are a connector service that can facilitate the connection between borrowers and potential lenders. We make the process of finding a loan easy and convenient, and our borrowers have the peace of mind of knowing that our network of lenders follows all applicable state and federal regulations.

To apply for an alternative loan option, visit our website today and complete our online application. It only takes a few minutes, and you could have the funds you need in as little as one business day.

Conclusion

While payday loans are not available in Red House, West Virginia, borrowers should always be cautious when considering any type of short-term loan. With high interest rates and fees, these loans can be expensive and difficult to repay, leading to a cycle of debt and financial hardship.

At TheGuaranteedLoans, we understand that unexpected expenses can arise, and we’re here to help connect you with lenders offering more affordable loan options. Our platform is easy to use, convenient, and can help you get the funds you need when you need them. Apply now for an alternative loan option through TheGuaranteedLoans and take the first step towards financial stability.

F.A.Q.

Can a payday loan company file a lawsuit against me in Red House, West Virginia?

No, a payday loan company cannot file a lawsuit against you in Red House, West Virginia because these loans are illegal in the state.

Are there any federal laws that apply to payday loans in Red House, West Virginia?

Yes, there are federal laws that apply to payday loans in Red House, West Virginia, including the Military Lending Act and the Truth in Lending Act. These laws provide protections for consumers and regulate the practices of payday lenders.

Look for Short-Term Loans in Other Cities: