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

Company nameAddressZip codePhone number
Logan County Bancshares Inc 43 Washington St, Logan, WV 25601 +1 (304) 752 - 1166
Whitesville State Bank 1460 Robert C Byrd Dr, Crab Orchard, WV 25827 +1 (304) 253 - 8639
Tax & Accounting Solutions Inc. 200 Virginia Ave, Chester, WV 26034 +1 (304) 387 - 0626
City National Bank 1216 Johnson Ave, Bridgeport, WV 26330 +1 (304) 842 - 1962
Ohio Valley Bank 280 E Main St, Milton, WV 25541 +1 (304) 743 - 8074
MCNB Banks - Daniels Banking Center 1122 Ritter Dr, Daniels, WV 25832 +1 (304) 254 - 8800
Chase Mortgage 103 Airport Rd, Beaver, WV 25813 +1 (304) 256 - 0367
Budget Finance Co 251 Riverview Ln, New Martinsville, WV 26155 +1 (304) 455 - 4242
BB&T 815 Northside Dr, Summersville, WV 26651 +1 (304) 872 - 4200
Alloy Federal Credit Union 515 Hinkle Rd, Fayetteville, WV 25840 +1 (304) 574 - 4011

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Scarbro, WV

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

25917

Are Payday Loans Legal In Scarbro, 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

Scarbro, WV payday loan calculator

Payday Loans in Scarbro, West Virginia: What You Need to Know

When it comes to financial assistance, there are plenty of options out there. While some people opt for traditional bank loans or credit cards, others turn to payday loans. Payday loans are short-term loans that offer quick cash to those in need. These loans are known for their high interest rates and fees, but they can be a lifesaver for those who need cash fast. However, it is important to note that payday loans are not legal in West Virginia, including the city of Scarbro.

What Are Payday Loans?

Payday loans are short-term loans that provide borrowers with quick cash. These loans typically range from $100 to $1,000 and are meant to be paid back within a few weeks. To apply for a payday loan, borrowers must provide proof of income and a valid identification card. Unlike traditional loans, payday loans usually do not require a credit check. Instead, lenders rely on the borrower’s income and employment status to determine eligibility for the loan.

  • Interest Rates: Payday loans are known for their incredibly high interest rates. These rates can range from 300% to 400%, making it difficult for borrowers to pay back the loan.
  • Fees: In addition to high interest rates, payday loans also come with fees. These fees can include application fees, late fees, and more.
  • Short-term Repayment: Payday loans are meant to be repaid within a few weeks, which can be difficult for some borrowers who may have trouble coming up with the funds in such a short time period.

Why Are Payday Loans Prohibited in West Virginia?

Payday loans are prohibited in West Virginia because of the high-interest rates and fees associated with these loans. In 2001, the West Virginia legislature passed a law that banned payday lending in the state. The law was meant to protect consumers from predatory lending practices that could lead to financial ruin.

While it may be tempting to turn to payday loans for quick cash, it’s important to understand the risks associated with these loans. In West Virginia, there are plenty of alternatives available for those who need financial assistance.

Alternatives to Payday Loans in Scarbro, West Virginia

Regardless of the reason for needing financial assistance, there are plenty of alternatives to payday loans in Scarbro and the surrounding areas. Here are a few to consider:

  • Credit Unions: Credit unions are often a good option for those in need of financial assistance. These institutions offer loans at lower interest rates compared to traditional banks.
  • Personal Loans: Personal loans are another option for those who need cash. These loans are typically unsecured and have lower interest rates than payday loans.
  • Credit Counseling: Credit counseling agencies can help individuals manage their finances and avoid high-interest loans.

Interesting Facts and Statistics about Payday Loans

  • According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 loans in a year.
  • The payday lending industry is worth over $46 billion in the United States.
  • Most payday loans are taken out by people with annual incomes between $15,000 and $25,000.
  • Payday loans disproportionately affect low-income communities and people of color.

Apply Now for Alternative Loan Options

If you are in need of financial assistance and want to explore loan options available to you, fill out our online application form. TheGuaranteedLoans is a connector service, not a direct lender. We work with multiple lenders to facilitate your loan process and ensure you get connected with a lender that works for you.

Our online application is easy to complete, and you can receive a response in minutes. Don’t let financial struggles hold you back. Apply now and get the help you need.

F.A.Q.

Can I be arrested for not paying back an illegal payday loan in Scarbro, West Virginia?

No, you cannot be arrested for not paying back an illegal payday loan in Scarbro, West Virginia.

Can I be harassed or threatened by a lender for not paying back an illegal payday loan in Scarbro, West Virginia?

No, you cannot be harassed or threatened by a lender for not paying back an illegal payday loan in Scarbro, West Virginia. If you have been harassed or threatened, you can report the lender to the West Virginia State Department of Financial Services.

Look for Short-Term Loans in Other Cities: