Payday Loans in Burkes Garden, Virginia

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No payday loan companies in Burkes Garden, VA. Consider companies in other cities:

Company nameAddressZip codePhone number
TitleMax Title Loans 1943 Victory Blvd, Portsmouth, VA 23702 +1 (757) 292 - 4810
Fast Auto Loans, Inc. 4111 George Washington Memorial Hwy, Yorktown, VA 23692 +1 (757) 890 - 3184
CheckSmart 1352 Kempsville Rd, Virginia Beach, VA 23464 +1 (757) 467 - 6490
Sandy Spring Bank Fairfax Financial Center 9910 Main St, Fairfax, VA 22031 +1 (800) 399 - 5919
EZ Cash Car Title Loans 452 Peppers Ferry Rd NW, Christiansburg, VA 24073 +1 (540) 205 - 8873
Streetshares 1900 Campus Commons Dr 200, Reston, VA 20191 +1 (800) 560 - 1435
Advance America 644 B Piney Forest Rd., Danville, VA 24540 +1 (434) 797 - 2511
Carter Bank & Trust - Bridgewater 317 N Main St, Bridgewater, VA 22812 +1 (540) 828 - 6630
Check Into Cash 538 E Nelson St, Lexington, VA 24450 +1 (540) 463 - 3378
Ely Financial Network 580 W Main St, Wytheville, VA 24382 +1 (276) 228 - 4896

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Burkes Garden, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Ashburn, VA, Payday Loans in Blacksburg, VA, Payday Loans in Burke, VA, Quick Loan in Centreville, VA, Payday Loans in Charlottesville, VA, Payday Loans in Chesapeake, VA, Payday Loans in Danville, VA and 24-Hour Loan in Hampton, 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 Burkes Garden, VA.

Beautiful sights of Burkes Garden, VA

Are Payday Loans Legal In Burkes Garden, 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

Burkes Garden, VA payday loan calculator

Payday Loans in Burkes Garden, Virginia: What You Need to Know

If you’re in need of funds to cover an unexpected expense, payday loans can be a viable option. While they’ve garnered a reputation for being a quick fix that traps borrowers in cycles of debt, payday loans are legal in Virginia and can provide much-needed relief in times of need. In this article, we’ll explore what you need to know about payday loans in Burkes Garden, Virginia.

How Payday Loans Work

Payday loans are a type of short-term loan designed to help borrowers make ends meet until their next paycheck. Typically, loans range from $100 to $500 and are due on the borrower’s next payday, which is usually within two weeks of the loan being taken out.

The application process is relatively simple and can be completed online or in-person at a payday loan storefront. Borrowers will need to provide proof of income, such as a pay stub or bank statement, as well as a valid ID.

If approved, borrowers must then sign a loan agreement that outlines the terms of the loan, including the interest rate and fees. In Virginia, lenders are allowed to charge up to 36% interest, plus a fee of 20% of the loan amount.

The Risks of Payday Loans

While payday loans can be a helpful resource in times of financial need, they come with inherent risks. The high interest rates and fees can add up quickly, leaving borrowers with more debt than they can handle.

Additionally, payday loans often require borrowers to provide a post-dated check or authorization for automatic withdrawal from their bank account. If the borrower doesn’t have enough funds to cover the loan on their next payday, they’ll be hit with overdraft fees from their bank and may be forced to take out another loan to cover the original debt.

Because of these risks, experts advise only using payday loans as a last resort and exploring other options, such as negotiating with creditors or seeking help from a non-profit credit counseling agency, before taking out a loan.

Interesting Facts and Statistics

  • In 2019, over 687,000 Virginians took out payday loans, totaling over $1.3 billion in loans.
  • The average payday loan in Virginia is $380, with an average interest rate of 277%.
  • The majority of payday loan borrowers in Virginia are women and people of color.

Apply Now

If you’re considering a payday loan in Burkes Garden, Virginia, TheGuaranteedLoans can help connect you with potential lenders. We’re not a direct lender, but we specialize in matching borrowers with reputable lenders who can provide the funds they need.

Our online application is fast and secure, and we work with lenders who are transparent about their rates and fees. Don’t let unexpected expenses derail your financial stability. Apply now and get the cash you need with TheGuaranteedLoans.

F.A.Q.

What are the consequences for defaulting on a payday loan in Burkes Garden, Virginia?

If you default on a payday loan in Burkes Garden, Virginia, the lender may charge additional fees and interest, and may pursue legal action to recover the outstanding debt. Defaulting on a payday loan can also damage your credit score and make it difficult to obtain future loans.

Can I renew or rollover my payday loan in Burkes Garden, Virginia?

No, Virginia law does not allow for the renewal or rollover of payday loans. Borrowers are only allowed to have one outstanding payday loan at a time.