Payday Loans in Church Road, Virginia

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No payday loan companies in Church Road, VA. Consider companies in other cities:

Company nameAddressZip codePhone number
Walmart Money Center 13320 Gov G C Peery Hwy, Pounding Mill, VA 24637 +1 (276) 596 - 9706
Atlantic Union Bank 5980 Thomas Jefferson Pkwy, Palmyra, VA 22963 +1 (434) 589 - 7860
Lendmark Financial Services LLC 1866-B, E Market St, Harrisonburg, VA 22801 +1 (540) 908 - 3179
ALCOVA Mortgage | Blacksburg, VA 2001 S Main St #103, Blacksburg, VA 24060 +1 (540) 552 - 7150
M&T Bank 43911 Farmwell Hunt Plaza, Ashburn, VA 20147 +1 (703) 729 - 2921
Commission Express National 8306 Professional Hill Dr, Fairfax, VA 22031 +1 (703) 560 - 5500
Federal Home Loan Mtg Corporation 8200 Jones Branch Dr, McLean, VA 22102 +1 (703) 903 - 2000
Carter Bank & Trust 140 S Main St, Chatham, VA 24531 +1 (434) 432 - 1212
PrimeLending, A PlainsCapital Company 15 E Piccadilly St, Winchester, VA 22601 +1 (540) 313 - 4830
Citizens Bank and Trust Company 126 S Main St, Blackstone, VA 23824 +1 (434) 292 - 8100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Church Road, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Roanoke, VA, Payday Loans in Springfield, VA, Bad Credit Loans in Sterling, VA, No Credit Check Loans in Suffolk, VA, Payday Loan Companies in Virginia Beach, VA, Payday Loans in Alexandria, VA, Payday Loans in Annandale, VA and Payday Loans in Arlington, 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 Church Road, VA.

Beautiful sights of Church Road, VA

Are Payday Loans Legal In Church Road, 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

Church Road, VA payday loan calculator

Understanding Payday Loans in Church Road, Virginia: A Comprehensive Guide

Payday loans have become an increasingly popular financial solution in Virginia, including in the small town of Church Road. These short-term loans are designed to provide borrowers with immediate funds to cover unexpected expenses or emergencies. Despite their convenience, many borrowers may not fully understand the ins and outs of payday loans, including their associated costs and potential pitfalls. In this guide, we’ll provide a comprehensive overview of payday loans in Church Road, Virginia.

How do Payday Loans Work in Church Road, Virginia?

Payday loans are typically small-dollar loans, usually ranging from $100 to $500, that are intended to be repaid within two to four weeks, or on the borrower’s next payday. Borrowers must provide proof of income and identification when applying for a payday loan, and lenders may also require a post-dated check or access to the borrower’s bank account to ensure repayment.

Interest rates on payday loans in Virginia are capped by law at 36% annual percentage rate (APR), but lenders often charge additional fees that can significantly increase the cost of borrowing. For example, a typical payday loan in Virginia may have an APR of around 400%. Borrowers should carefully review the terms and conditions of any payday loan offer to understand the total cost of borrowing.

Is it Legal to Get a Payday Loan in Church Road, Virginia?

Yes, payday loans are legal in Virginia, including in Church Road. The state has specific laws and regulations governing payday lending to protect borrowers from predatory practices. For example, lenders must be licensed by the Virginia State Corporation Commission, and borrowers have the right to cancel a payday loan within one business day without penalty.

It’s important to note that payday loans are not a long-term financial solution and should only be used for emergency expenses. Borrowers who struggle to repay their loans may face additional fees and harm to their credit score, making it even more difficult to obtain credit in the future.

What are the Alternatives to Payday Loans in Church Road, Virginia?

While payday loans can provide convenient access to cash, they often have high fees and interest rates that can be difficult to repay. There are several alternative financial solutions in Church Road that may be more affordable and sustainable in the long run:

  • Personal Loans: Many local banks and credit unions offer personal loans with lower interest rates and more flexible repayment terms than payday loans.
  • Credit Cards: If the unexpected expense can be charged to a credit card, this can be a more affordable option than payday loans. However, borrowers should use caution to avoid accumulating high-interest debt.
  • Emergency Assistance Programs: Local charities and non-profit organizations may provide emergency financial assistance to residents in need, including help with rent, utilities, and medical bills.

Interesting Facts and Statistics about Payday Loans in Church Road, Virginia

  • In Virginia, the average payday loan amount is $380, and the borrower typically pays $80 in interest and fees for a two-week loan.
  • As of 2021, there were over 630 licensed payday lenders in Virginia, including in Church Road.
  • According to a survey by the Pew Charitable Trusts, 12% of Virginia households take out payday loans each year.

Apply Now

Looking for a payday loan in Church Road, Virginia? TheGuaranteedLoans can help connect you with potential lenders who may be able to provide the funds you need. Fill out our online application today to get started. It’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender, and we do not make credit decisions or provide loans directly. Instead, we work with a network of trusted lenders to help you find the best financial solution for your needs.

When considering a payday loan, it’s essential to carefully read and understand the terms and conditions of any loan offer. Make sure you can afford the repayments, and consider alternative financial solutions that may be more sustainable in the long run. With the right preparation, a payday loan can provide valuable financial relief in times of need.

F.A.Q.

Are there any alternatives to payday loans in Church Road, Virginia?

Yes, there are several alternatives to payday loans in Church Road, Virginia, including credit unions, community development financial institutions, and small dollar loans from banks or credit card companies.

Are there any protections for military members in Church Road, Virginia regarding payday loans?

Yes, Virginia law provides additional protections for military members and their dependents regarding payday loans. Lenders are prohibited from making a payday loan to a military member or dependent unless the loan has a written agreement that allows the borrower to terminate the loan without penalty.