Payday Loans in Gum Spring, 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 Gum Spring, VA. Consider companies in other cities:

Company nameAddressZip codePhone number
Apple Federal Credit Union 14260-J, Centreville Square, Centreville, VA 20121 +1 (703) 788 - 4800
SunTrust 25056 Riding Plaza, Chantilly, VA 20152 +1 (571) 367 - 6010
BB&T 14785 Forest Rd, Forest, VA 24551 +1 (434) 525 - 8725
Variety Bad Credit Loans 6085 Centreville Crest Ln, Centreville, VA 20121 +1 (571) 200 - 4722
Express Check Advance 10679 Courthouse Rd, Fredericksburg, VA 22407 +1 (540) 710 - 6027
Approved Cash 325 Towne Center Dr, Abingdon, VA 24210 +1 (276) 739 - 7900
Mariner Finance 9683 W Broad St, Glen Allen, VA 23060 +1 (804) 767 - 4916
Chesapeake Bank - Gloucester 6793 George Washington Memorial Hwy, Gloucester, VA 23061 +1 (804) 693 - 7600
The Fauquier Bank 10 Courthouse Square, Warrenton, VA 20186 +1 (540) 349 - 0233
Cash 2U 2515 W Mercury Blvd, Hampton, VA 23666 +1 (757) 896 - 2274

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gum Spring, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hampton, VA, Payday Loan Without a Credit Check in Harrisonburg, VA, Short-term Loans in Leesburg, VA, Guaranteed Loans in Lynchburg, VA, Payday Loans in Manassas, VA, Payday Loans in McLean, VA, Emergency Loan in Mechanicsville, VA and Online Loans in Newport News, 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 Gum Spring, VA.

Beautiful sights of Gum Spring, VA

Are Payday Loans Legal In Gum Spring, 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

Gum Spring, VA payday loan calculator

The Truth About Payday Loans in Gum Spring, Virginia

Payday loans in Gum Spring, Virginia are a common form of short-term credit for individuals who are experiencing unexpected expenses or financial emergencies. These loans are designed to provide quick cash to borrowers who may not have access to traditional bank loans or credit cards.

How Do Payday Loans Work?

The process of obtaining a payday loan in Gum Spring, Virginia is relatively simple. Borrowers can apply through a lender or a lending platform like TheGuaranteedLoans. If approved, the borrower will receive the funds in their checking account in as little as one business day. The loan is typically due on the borrower’s next payday or within two to four weeks.

The borrower must also pay a finance charge or interest fee, which is often a percentage of the loan amount. The fee varies by lender and state, but in Virginia, the maximum APR is 687.76%. This means that the interest on a $100 loan for 14 days would be $26.38.

Why Do People Use Payday Loans?

Payday loans in Gum Spring, Virginia are often used by individuals who cannot access traditional credit due to a poor credit score, lack of credit history, or unemployment. Many borrowers use payday loans to pay for unexpected expenses like medical bills, car repairs, or utility bills.

Some people may also use payday loans as a way to bridge the gap between paychecks. They may use the loan to cover essential expenses like rent or groceries and then pay it back when they receive their paycheck.

Benefits and Risks of Payday Loans

Like any financial product, payday loans in Gum Spring, Virginia come with benefits and risks. One benefit is that payday loans can provide fast access to cash, which can be helpful in an emergency. Borrowers may also find it easier to qualify for a payday loan than a traditional bank loan.

However, payday loans also come with risks. The high interest rates and fees associated with payday loans can make them difficult to repay, which can lead to a cycle of debt. Borrowers who cannot repay the loan by the due date will be charged additional fees and interest, which can add up quickly.

Another risk of payday loans is that they can lead to a cycle of borrowing and debt. Borrowers who repeatedly take out payday loans may find themselves in a situation where they are unable to pay back the loans and may need to borrow more to cover the interest and fees.

Interesting Facts and Statistics About Payday Loans in Gum Spring, Virginia

  • The average payday loan amount in Virginia is $380.
  • In 2019, Virginia residents took out more than 687,000 payday loans.
  • Payday lenders in Virginia can charge a maximum of 36% per year plus a 20% fee for up to $500. They can also charge 21% for the subsequent $499 loan amount.
  • 16% of Virginians have used payday loans in the past year.

How to Apply for a Payday Loan in Gum Spring, Virginia

If you are considering a payday loan in Gum Spring, Virginia, you can visit TheGuaranteedLoans website to submit an application and connect with potential lenders. The application process is fast and easy, and you can receive a decision in minutes.

Remember, payday loans should be used as a last resort and only for emergencies. Make sure you understand the terms and fees associated with the loan before you apply. If you are unable to repay the loan by the due date, contact your lender to discuss your options.

Ready to apply for a payday loan in Gum Spring, Virginia? Visit TheGuaranteedLoans website to start your application today.

Note: Payday loans are legal in Virginia, but they are not the only option for individuals who need short-term credit. Consider alternatives like personal loans from a credit union, credit cards, or borrowing from family or friends before turning to payday loans.

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 Gum Spring, 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.