Payday Loans in Garrisonville, Virginia

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

Company nameAddressZip codePhone number
Annandale Checks Cashed - DNV Check Cashing 7877 Heritage Dr, Annandale, VA 22003 +1 (703) 354 - 0880
DNV Check Cashing Woodbridge- Cambio de cheques 14087 Jefferson Davis Hwy 109, Woodbridge, VA 22191 +1 (571) 398 - 0154
New Peoples Bank 111 Haysi Main St, Haysi, VA 24256 +1 (276) 865 - 5700
MoneyGram 1660 Tappahannock Blvd a, Tappahannock, VA 22560 +1 (804) 443 - 1188
Loanmax Title Loans 2626 Riverside Dr, Danville, VA 24540 +1 (434) 793 - 8100
United States Postal Service 5444 Sugar Grove Hwy, Sugar Grove, VA 24375 +1 (800) 275 - 8777
DuPont Community Credit Union 1025 Woodstock Commons Dr, Woodstock, VA 22664 +1 (540) 946 - 3200
Payday Motors 2793 Virginia Ave, Narrows, VA 24124 +1 (540) 726 - 8333
Fort Lee Federal Credit Union 3510 A Ave, Fort Lee, VA 23801 +1 (804) 452 - 0736
Danny's Pawn Shop 1595 Roanoke St, Christiansburg, VA 24073 +1 (540) 381 - 0123

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Garrisonville, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Harrisonburg, VA, Payday Loans in Leesburg, VA, Payday Loans in Lynchburg, VA, Online Loans in Manassas, VA, Payday Loans in McLean, VA, Payday Loans in Mechanicsville, VA, Payday Loans in Newport News, VA and Guaranteed Loans in Norfolk, 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 Garrisonville, VA.

Beautiful sights of Garrisonville, VA

Are Payday Loans Legal In Garrisonville, 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

Garrisonville, VA payday loan calculator

The Ins and Outs of Payday Loans in Garrisonville, Virginia

If you’re facing a financial emergency or need cash fast, you may be considering a payday loan. These loans can be a convenient option for those who need a short-term loan quickly, but it’s important to understand the regulations and risks before you apply. This article will provide you with everything you need to know about payday loans in Garrisonville, Virginia.

What are Payday Loans?

A payday loan, also known as a cash advance, is a short-term loan that typically needs to be paid back within two weeks or by your next paycheck. These loans are usually for small amounts, ranging from $100 to $500. The application process is quick and easy, and you can often receive the money the same day.

Payday loans can be used for a variety of purposes, such as unexpected bills, car repairs, or medical expenses. However, they should only be used as a last resort, as they come with high interest rates and fees.

Are Payday Loans Legal in Virginia?

Yes, payday loans are legal in Virginia. However, there are certain restrictions and regulations put in place by the state to protect consumers. In Virginia, payday lenders are required to be licensed and can’t charge more than 36% annual interest on loans.

How Do Payday Loans Work in Virginia?

If you’re considering a payday loan in Garrisonville, Virginia, here’s what you need to know:

  • You must be at least 18 years old and have a steady income to apply for a payday loan in Virginia.
  • You can borrow up to $500, and the loan term can range from 7 to 31 days.
  • Lenders can charge a maximum of 36% annual interest, a verification fee of up to $5, and a 20% loan fee on the first $300 borrowed and 7.5% on any amount over $300.
  • You can only have one outstanding payday loan at a time, and lenders cannot issue loans to borrowers who have already taken out a loan or those who are in bankruptcy.

What Are the Risks of Payday Loans in Virginia?

While payday loans can be a helpful option in a financial crisis, they come with a high risk for consumers. The high fees and interest rates can create a cycle of debt that’s hard to break, and many borrowers end up taking out multiple loans to pay off the original loan.

In addition, lenders have access to your bank account and can withdraw the funds to pay back the loan, which can leave you struggling to pay your bills and other expenses. If you’re unable to pay back the loan on time, you may incur additional fees and interest, which can quickly add up.

Interesting Facts and Statistics about Payday Loans in Garrisonville, Virginia

  • According to a report by the Pew Charitable Trusts, 1 in 8 adults in Virginia have taken out a payday loan in the past five years.
  • The average payday loan borrower in Virginia takes out eight loans per year.
  • In 2018, Virginia payday lenders made more than 3.3 million loans, totaling over $1.5 billion.
  • Payday loan customers in Virginia pay over $110 million per year in payday and auto title loan fees.

Apply Now

If you’re considering a payday loan in Garrisonville, Virginia, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, but we work with a network of reputable lenders who can offer competitive rates and terms. Fill out our online application today to get started.

Remember, payday loans should only be used as a last resort, and it’s important to understand the regulations and risks before you apply.

F.A.Q.

Can I get a payday loan online in Garrisonville, Virginia?

Yes, you can get a payday loan online in Garrisonville, Virginia. However, all online payday lenders must be licensed by the SCC and must comply with Virginia's payday lending laws.

Do I have to provide collateral to get a payday loan in Garrisonville, Virginia?

No, payday loans in Garrisonville, Virginia are unsecured loans, which means you do not have to provide collateral to get a loan.