Payday Loans in Craddockville, Virginia

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

Company nameAddressZip codePhone number
ACE Cash Express 3925 Melrose Ave NW, Roanoke, VA 24017 +1 (540) 563 - 5294
Express Check Advance 1707 Parkview Dr, Chesapeake, VA 23320 +1 (757) 424 - 9050
TitleMax Title Loans 2852 Riverside Dr, Danville, VA 24540 +1 (434) 799 - 4359
Pawn USA Woodbridge 13879 Smoketown Rd, Woodbridge, VA 22192 +1 (703) 878 - 3000
Homestead Funding Corporation. 3998 Fair Ridge Dr, Fairfax, VA 22033 +1 (703) 364 - 5004
Navy Federal Credit Union - ATM 14001 F, St Germain Dr, Centreville, VA 20121 +1 (888) 842 - 6328
Capital One Bank 1025 Stafford Market Pl, Stafford, VA 22556 +1 (540) 288 - 2047
First Virginia 3219 S Crater Rd, Petersburg, VA 23805 +1 (804) 733 - 1750
Bedford Loan Production Office 1380 American Way Ct unit g, Bedford, VA 24523 +1 (540) 583 - 5458
Apple Federal Credit Union 3915 Centreville Rd B, Chantilly, VA 20151 +1 (703) 788 - 4800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Craddockville, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Norfolk, VA, Emergency Loan in Oakton, VA, Payday Loans in Petersburg, VA, Online Loans in Portsmouth, VA, Payday Loans in Reston, VA, Payday Loans in Richmond, VA, Online Loans in Roanoke, VA and Same Day Loans in Springfield, 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 Craddockville, VA.

Are Payday Loans Legal In Craddockville, 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

Craddockville, VA payday loan calculator

Payday Loans in Craddockville, Virginia

Payday loans are a type of short-term loan that is commonly used to cover unexpected expenses or gaps in a household budget. In Craddockville, Virginia, payday loans are legal and can be a helpful resource for those in need of fast cash. However, it’s important to understand the terms and conditions of these loans and the potential risks involved.

How do Payday Loans Work?

Payday loans are typically small loans, usually ranging from $100 to $1,000, with a short repayment period. The loan must usually be repaid within two to four weeks, depending on the borrower’s pay schedule. Payday loans are designed to bridge the gap between paychecks when unexpected expenses arise. The loans are secured by a post-dated check or electronic payment authorization for the amount borrowed plus fees and interest.

The interest rates on payday loans are usually very high, often with an annual percentage rate (APR) of several hundred percent. For example, a $100 payday loan with a $15 fee and a two-week repayment period would have an APR of 391%. This means that if the loan is not repaid on time, the borrower could end up owing much more than the original amount borrowed.

What are the Risks of Payday Loans?

One of the biggest risks of payday loans is the high-interest rates, which can lead to a cycle of debt. If the loan is not repaid on time, the borrower may be required to pay additional fees and interest, increasing the amount owed. This cycle can continue, making it difficult for the borrower to ever fully pay off the loan.

Additionally, payday lenders may require access to the borrower’s bank account or require a post-dated check as collateral. This can lead to overdraft fees or bounced checks if the borrower does not have enough funds to cover the repayment.

Apply Now

At TheGuaranteedLoans, we can help you find a payday loan provider in Craddockville, Virginia. We are a connector service, which means we are not a direct lender but work with a network of lenders to help you find the loan that best fits your needs. Our online application process is fast and easy, and you can receive a loan decision within minutes. If you are approved, the funds can be deposited directly into your bank account as soon as the next business day.

Interesting Facts and Statistics about Payday Loans in Craddockville, Virginia

  • As of 2021, payday loans are legal in Virginia, and there are more than 800 payday lenders operating in the state.
  • The average payday loan amount in Virginia is $395, with an average annual percentage rate (APR) of 289 percent.
  • In Virginia, payday lenders are required to obtain a license from the State Corporation Commission and are subject to regulation and oversight.
  • According to a 2018 report by the Virginia Poverty Law Center, payday lenders in Virginia make more than $1.5 billion in loans each year, charging borrowers an estimated $500 million in fees and interest.

In Conclusion

Payday loans can be a helpful resource for those in need of fast cash in Craddockville, Virginia. However, it’s important to understand the potential risks and to make sure you can realistically repay the loan on time. At TheGuaranteedLoans, we are here to help you find the payday loan that best fits your needs and to guide you through the application process. Apply now and get the funds you need to cover unexpected expenses.

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 Craddockville, 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.