Payday Loans in Stollings, West Virginia

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No payday loan companies in Stollings, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
Lendmark Financial Services LLC 10 River Walk Mall, South Charleston, WV 25303 +1 (304) 744 - 8135
Wells Fargo Home Mortgage 688 Killarney Dr, Morgantown, WV 26505 +1 (304) 599 - 2982
ATM M&t Bank 299 Bryan St, Petersburg, WV 26847 +1 (800) 627 - 3999
Brian Meadows, Movement Mortgage 901 S Jefferson St suite b, Lewisburg, WV 24901 +1 (304) 575 - 3851
WesBanco Bank 1011 Myers Ave, Dunbar, WV 25064 +1 (304) 768 - 9761
Jackson Hewitt Tax Service 77 Norman Morgan Blvd, Logan, WV 25601 +1 (304) 752 - 4047
Astorg & Jones 501 Avery St 9th floor, Parkersburg, WV 26101 +1 (304) 422 - 6660
Kim Clark, NMLS: 102920, PrimeLending 201 S George St 102, Charles Town, WV 25414 +1 (301) 667 - 0968
Woodforest National Bank 200 Wal St 106, Summersville, WV 26651 +1 (304) 872 - 6643
Marathon Gas 2820 Pennsylvania Ave, Weirton, WV 26062 +1 (304) 723 - 2944

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Stollings, WV, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Charleston, WV, No Credit Check Loans in Huntington, WV, Payday Loan Without a Credit Check in Morgantown, WV and Short-term 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 Stollings, WV.

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

25646

Are Payday Loans Legal In Stollings, 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

Stollings, WV payday loan calculator

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

Payday loans can seem like a quick-fix solution when you’re in need of cash urgently, but it’s important to understand your state’s regulations on these types of loans. In West Virginia, payday loans are prohibited, which means that residents of Stollings cannot legally apply for or obtain a payday loan within the state.

What Are Payday Loans?

Payday loans are short-term, high-interest loans that are typically due on the borrower’s next payday. They are usually granted without a credit check and are secured by the borrower’s income or bank account information. People often turn to payday loans when they need quick cash in an emergency, such as unexpected medical bills or car repairs.

However, the high fees and interest rates associated with payday loans can trap borrowers in a cycle of debt, where they continually have to take out new loans to pay off existing ones. In West Virginia, lawmakers have recognized the danger of these loans and have banned payday lenders from operating within the state.

Why Are Payday Loans Prohibited in West Virginia?

The West Virginia Attorney General’s Office has stated that payday loans are harmful to consumers and that they can lead to a cycle of debt that is difficult to escape. Because payday loans are due on the borrower’s next payday, the repayment period is typically very short, often just two weeks. It can be difficult for borrowers to come up with the full amount owed plus the high fees and interest rates, which can be as much as 500% of the original loan amount.

These high costs can trap borrowers in a cycle of debt, where they have to continually take out new payday loans to pay off existing ones, leading to a spiral of increasing debt. The West Virginia legislature has recognized the harm caused by payday loans and has taken action to protect consumers from these predatory lending practices by prohibiting payday lending within the state.

What Are Your Loan Options in Stollings, West Virginia?

If you’re in need of cash urgently in Stollings, West Virginia, there are alternative loan options available that do not carry the same risks as payday loans. Some options to consider include:

  • Personal loans from a bank or credit union, which may offer lower interest rates than payday loans
  • Credit card cash advances, which may have high interest rates but can be less expensive than payday loans
  • Loans from family or friends, which can be interest-free and less risky than other loan options

Interesting Facts and Statistics About Payday Loans in Stollings, West Virginia

  • In 2017, West Virginia lawmakers passed HB 2191, which prohibits payday lending in the state and caps interest rates on small loans at 36% APR.
  • According to research by the Center for Responsible Lending, payday loans cost West Virginia residents over $41 million per year in fees and interest.

Apply Now!

While payday loans may be prohibited in West Virginia, you may still be in need of cash quickly. If you’re looking for a short-term loan, TheGuaranteedLoans can help connect you with lenders who offer alternative loan options with reasonable terms and interest rates. Fill out our online application now to get started.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of trusted lenders who may be able to offer you a loan that meets your needs.

The Bottom Line

Payday loans may seem like a quick fix when you’re in need of cash, but the high fees and interest rates associated with these loans can trap borrowers in a cycle of debt. In Stollings, West Virginia, payday loans are prohibited, but there are alternative loan options available that can provide you with the cash you need without the same risks. Remember to always read the terms and conditions of any loan carefully and only borrow what you can afford to repay.

F.A.Q.

Can I be sued for defaulting on a payday loan in Stollings, West Virginia?

No, you cannot be sued for defaulting on a payday loan in Stollings, West Virginia because these loans are illegal in the state.

Can a payday loan be included in a bankruptcy filing in Stollings, West Virginia?

No, a payday loan cannot be included in a bankruptcy filing in Stollings, West Virginia because these loans are illegal in the state.

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