Payday Loans in Hallieford, Virginia

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

Company nameAddressZip codePhone number
BB&T 16498 General Puller Hwy, Deltaville, VA 23043 +1 (804) 776 - 0492
First Horizon Bank 114 W Blue Ridge St, Stuart, VA 24171 +1 (276) 692 - 1000
Fast Auto Loans, Inc. 17191 Virgil H Goode Hwy, Rocky Mount, VA 24151 +1 (540) 482 - 0130
Brabant's Bookkeeping & Tax 9507 Gera Rd, King George, VA 22485 +1 (540) 775 - 3551
Advance America 1005 Main St, Altavista, VA 24517 +1 (434) 369 - 5109
Virginia Commonwealth Bank 680 McKinney Blvd, Colonial Beach, VA 22443 +1 (804) 224 - 0033
Ez Loans 7021 Lankford Hwy, Oak Hall, VA 23416 +1 (757) 854 - 4510
Hanmi Bank Loan Center 7700 Little River Turnpike Ste 200, Annandale, VA 22003 +1 (703) 462 - 8611
Central Virginia Federal Credit Union 109 Seminole Plaza, Madison Heights, VA 24572 +1 (434) 528 - 9016
Hampton Car Title Loans 108 W Mercury Blvd, Hampton, VA 23669 +1 (757) 224 - 0883

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hallieford, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lynchburg, VA, Payday Loans in Manassas, VA, Payday Loans in McLean, VA, Payday Loans in Mechanicsville, VA, Payday Loans in Newport News, VA, Payday Loans in Norfolk, VA, No Credit Check Loans in Oakton, VA and Payday Loans in Petersburg, 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 Hallieford, VA.

Are Payday Loans Legal In Hallieford, 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

Hallieford, VA payday loan calculator

Payday Loans in Hallieford, Virginia

If you live in Hallieford, Virginia, and you’re experiencing a financial emergency, a payday loan might be able to help. Payday loans are a type of short-term loan that can offer quick cash when you need it most. However, it’s important to fully understand the terms and potential risks of payday loans before applying.

Are Payday Loans Legal in Virginia?

Yes, payday loans are legal in Virginia. The Virginia State Corporation Commission regulates payday lenders in the state, and there are specific laws that govern payday lending. For example, the maximum loan amount is $500, and lenders can charge up to 36% interest plus a $5 verification fee for a 14-day loan.

While payday loans can be a useful resource when used responsibly, they do carry certain risks. To avoid potential pitfalls, it’s important to thoroughly research the lender and carefully read the loan agreement before signing.

How Do Payday Loans Work?

Payday loans are designed to be short-term loans that provide immediate cash to borrowers. Typically, the borrower writes a post-dated check to the lender for the amount borrowed plus interest and fees. The lender holds onto the check and cashes it on the borrower’s next payday.

Alternatively, some lenders require access to the borrower’s bank account, and the loan amount plus fees are automatically withdrawn on the next payday.

What Are the Requirements to Get a Payday Loan in Hallieford?

Each lender may have different requirements, but generally, to qualify for a payday loan in Hallieford, Virginia, you must:

  • Have a valid government-issued ID
  • Show proof of income or employment
  • Have an active checking account

Keep in mind that payday loans should only be used as a last resort and should not be relied upon as a long-term financial solution.

What Are the Risks of Payday Loans?

Payday loans can be a useful tool in an emergency, but there are risks involved. One of the primary risks of payday loans is high-interest rates and fees. Lenders can charge up to 36% interest plus a $5 verification fee for a 14-day loan, which can add up quickly if the loan is not repaid on time.

Another risk is the potential for debt accumulation. If the borrower is unable to repay the loan on time, the lender may offer to roll over the loan for an additional fee. While this can provide short-term relief, it can also lead to a cycle of debt that can be difficult to break.

Interesting Facts About Payday Loans in Hallieford, Virginia

  • According to the Virginia Poverty Law Center, the average payday loan borrower in Virginia takes out eight payday loans per year, borrowing a total of $2,172 and paying $459 in fees.
  • A 2015 report by the Pew Charitable Trusts found that 12 million Americans take out payday loans each year, with the average borrower taking out eight loans of $375 each annually.
  • In Virginia, payday loans have an effective APR of 601%.

Apply Now

If you need emergency cash, TheGuaranteedLoans can help connect you with potential payday lenders in Hallieford, Virginia. We are not a direct lender, but we work with a network of reputable lenders who can provide you with the cash you need. Simply fill out our online application, and we will help facilitate the process.

Remember, payday loans should only be used as a last resort, and it’s important to fully understand the terms and risks before applying. But if you need quick cash to cover an unexpected expense, a payday loan may be able to offer a temporary solution.

F.A.Q.

Are there any restrictions on the number of payday loans I can take out in Hallieford, Virginia?

Yes, Virginia law limits borrowers to one outstanding payday loan at a time. Borrowers are also prohibited from taking out more than three payday loans in a six-month period.

What are the rights and protections for payday loan borrowers in Hallieford, Virginia?

Payday loan borrowers in Hallieford, Virginia have the right to receive clear and accurate information about the terms and conditions of their loan, as well as the right to receive a written agreement outlining the terms of the loan. Borrowers also have the right to cancel their loan within two business days of signing the agreement.