Payday Loans in Brucetown, 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 Brucetown, VA. Consider companies in other cities:

Company nameAddressZip codePhone number
Watson & Durrer Insurance Agency 8726 Seminole Trail 3, Ruckersville, VA 22968 +1 (434) 985 - 7654
Walmart Money Center 171 Burgess Rd, Harrisonburg, VA 22801 +1 (540) 433 - 0808
Check Into Cash 949 A-1 East Stuart Drive, Galax, VA 24333 +1 (276) 236 - 4788
Fastest Cash Advance & Payday Loans E Main St, Richmond, VA 23219 +1 (804) 220 - 0964
Gate City Branch - The Bank of Scott County 181 E Jackson St, Gate City, VA 24251 +1 (276) 386 - 1100
Advance America 1341 Towne Square Blvd NW, Roanoke, VA 24012 +1 (540) 366 - 3147
Bank of the James - Lexington 158 S Main St, Lexington, VA 24450 +1 (540) 707 - 3144
Park View Federal Credit Union 1675 Virginia Ave, Harrisonburg, VA 22802 +1 (540) 434 - 6444
The Farmers Bank of Appomattox 10272 Village Hwy, Concord, VA 24538 +1 (434) 993 - 2236
Pioneer Bank 511 S 3rd St, Shenandoah, VA 22849 +1 (540) 652 - 8114

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brucetown, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Chesapeake, VA, Guaranteed Loans in Danville, VA, Payday Loan for Hampton, VA, Payday Loans in Harrisonburg, VA, 24-Hour Loan in Leesburg, VA, Short-term Loans in Lynchburg, VA, Online Loans in Manassas, VA and Same Day Loans in McLean, VA. 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 Brucetown, VA.

Are Payday Loans Legal In Brucetown, Virginia?

Loan Rates and Fees, Laws and Regulations in Virginia.

Virginia Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)36% APR (in reality can reach 601%*)
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term30 days
Number of Rollovers Allowed0
Finance Charges36% APR

Brucetown, VA payday loan calculator

Understanding Payday Loans in Brucetown, Virginia

For many people living in Brucetown, Virginia, finding themselves in financial difficulties can be a stressful experience. It’s not uncommon for people in these situations to turn to payday loans as a way of getting fast cash to tide them over until their next paycheck. In this article, we’ll be taking a closer look at what payday loans are and how they work in Brucetown, Virginia.

What are Payday Loans?

Payday loans are short-term loans that are designed to help people manage unexpected expenses that they might not have the money to cover. These loans are typically due to be repaid in full with interest and fees on the borrower’s next payday. They’re often advertised as a quick and easy solution to short-term financial difficulties.

In Brucetown, Virginia, payday loans are legal. This means that people in need of fast cash can turn to payday lending companies to get the money they need.

How Payday Loans Work in Brucetown, Virginia

The process for getting a payday loan in Brucetown, Virginia is relatively straightforward. First, the borrower fills out an application form and provides evidence of their income and other personal information. Once the application is approved, the borrower will receive the funds they’ve requested.

It’s important to note that payday loans in Brucetown, Virginia come with high fees and interest rates. This is because they’re generally considered higher-risk loans and lenders offset this risk by charging higher fees. In addition, Virginia state law sets a maximum annual percentage rate (APR) that lenders can charge on payday loans. This APR is currently 36%, which is relatively low compared to rates in other states.

Benefits and Risks of Payday Loans

While payday loans can be useful in certain situations, they also come with significant risks. Here are some of the benefits and risks of payday loans:

Benefits:

  • Quick and easy access to funds for those in need
  • No collateral required
  • Possible to get approved with bad credit
  • Relatively low maximum APR compared to other states

Risks:

  • High fees and interest rates
  • Limited loan amounts
  • Possible to fall into a cycle of debt if loans aren’t repaid on time
  • Some lenders may engage in predatory practices

Interesting Facts and Statistics About Payday Loans in Brucetown, Virginia

  • As of 2021, there were over 500 licensed payday lending locations in the state of Virginia.
  • In 2018, Virginians took out over 1.6 million payday loans, totaling over $780 million in loans.
  • The average payday loan amount in Virginia is $400.
  • Virginia state law prohibits lenders from making more than one loan to a borrower at a time.

Apply Now

If you’re considering a payday loan in Brucetown, Virginia, TheGuaranteedLoans can help you connect with potential lenders. While we’re not a direct lender, we work with a network of lenders who can provide fast cash loans to those in need. To get started, fill out our online application form and we’ll work to match you with a lender that meets your needs.

Remember, payday loans should be used as a last resort and only when other options for borrowing money have been exhausted. It’s important to carefully consider the risks and benefits of any loan before borrowing money.

In Conclusion

Payday loans can be a useful financial tool for some people in Brucetown, Virginia. However, it’s essential to understand the risks and potential consequences of taking out these types of loans. By considering all of your options, carefully reading the terms and conditions of any loan, and making sure you can repay the loan on time, you can make an informed decision about whether a payday loan is right for you.

F.A.Q.

Can a payday lender charge me a late fee if I am unable to repay the loan on time?

No, Virginia law prohibits payday lenders from charging late fees for non-payment of a loan. If you are unable to repay your loan on time, the lender must offer you a payment plan.

Can I be arrested for not repaying a payday loan in Brucetown, Virginia?

No, Virginia law prohibits lenders from using criminal charges as a means of collecting a payday loan. If you are unable to repay your loan, the lender can only pursue legal action to recover the debt.