Payday Loans in Kenbridge, Virginia

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

Company nameAddressZip codePhone number
TitleMax Title Loans 1330 Old Bridge Rd, Woodbridge, VA 22192 +1 (703) 496 - 9812
ValleyStar Credit Union 501 W Broad St, Waynesboro, VA 22980 +1 (540) 352 - 5201
Partners 1st Federal Credit Union 612 E Main St, Luray, VA 22835 +1 (540) 743 - 5406
Bank of America Financial Center 2936 Chain Bridge Rd, Oakton, VA 22124 +1 (703) 319 - 2680
CIT Group Inc 134 Wooding Ave, Danville, VA 24541 +1 (434) 791 - 6200
SunTrust Bank 5727 Burke Centre Pkwy, Burke, VA 22015 +1 (703) 825 - 2218
Carter Bank & Trust 140 S Main St, Chatham, VA 24531 +1 (434) 432 - 1212
BB&T 1020 E Lee Hwy, Chilhowie, VA 24319 +1 (276) 646 - 5521
ACE Cash Express 1964 Daniel Stuart Square, Woodbridge, VA 22191 +1 (703) 494 - 1890
Guaranteed Payday Loans 8191 Brook Rd, Richmond, VA 23227 +1 (804) 249 - 4983

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Kenbridge, 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, Same Day Loans in Newport News, VA, 24-Hour Loan in Norfolk, VA, No Credit Check Loans in Oakton, VA and 24-Hour Loan 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 Kenbridge, VA.

Payday Loans Available in Kenbridge, VA By The Following ZIP Codes:

23944

Are Payday Loans Legal In Kenbridge, 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

Kenbridge, VA payday loan calculator

Payday Loans in Kenbridge, Virginia: What You Need to Know

Payday loans are a common financial solution for many people in need of quick cash. In Kenbridge, Virginia, payday loans are legal and regulated by state law. If you’re considering taking out a payday loan, it’s important to understand the laws, risks, and benefits involved.

How Payday Loans Work

Payday loans are short-term loans that are typically due on your next payday. The amount you can borrow depends on your income and other factors, but typically ranges from $100 to $500. To apply for a payday loan, you’ll need to provide proof of income and a valid form of identification.

If approved, you’ll write a post-dated check for the loan amount plus fees and interest. On your due date, the lender will cash your check or debit your bank account for the full amount. If you can’t repay the loan on time, you may be subject to additional fees and interest, and your credit score may be negatively impacted.

Virginia Payday Loan Laws

In Virginia, payday lending is legal and regulated by state law (Virginia Code Ann. §§ 6.2-1800 et seq.). Lenders must be licensed by the Virginia State Corporation Commission (SCC) and are subject to certain restrictions and regulations.

  • The maximum loan amount is $500.
  • The maximum loan term is 45 days.
  • Lenders can charge a finance charge of up to 36% annually, plus a $5 verification fee.
  • Borrowers can only have one outstanding payday loan at a time.
  • Lenders must disclose all fees and charges in writing before you sign a contract.
  • Lenders cannot enter into a new loan with you on the same day you’ve paid off your previous loan.

It’s important to understand these laws and regulations to protect yourself from unscrupulous lenders who may try to take advantage of you.

The Risks and Benefits of Payday Loans

Like any financial product, payday loans have both risks and benefits. On the one hand, they can provide quick cash when you need it, without the hassle of a lengthy application process or a credit check. On the other hand, they come with high fees and interest rates that can put you in a cycle of debt if you’re not careful.

If you’re considering a payday loan, it’s important to weigh the risks and benefits carefully. Consider whether you’ll be able to repay the loan on time, and whether the fees and interest are worth the convenience of the loan. If you’re considering taking out a payday loan, it’s also important to explore other options, such as borrowing from friends or family, taking out a personal loan from a bank or credit union, or seeking assistance from a nonprofit organization.

Interesting Facts and Statistics

  • According to a 2019 report by the SCC, more than 1.3 million payday loans were made in Virginia in 2018, with borrowers paying more than $111 million in fees and interest.
  • The average payday loan amount in Virginia was $385 in 2018.
  • The average annual percentage rate (APR) for payday loans in Virginia is 601%.
  • More than 80% of payday loans in Virginia are taken out by borrowers who take out seven or more loans per year.

Apply Now

If you need quick cash and are considering a payday loan, TheGuaranteedLoans can connect you with potential lenders who can help. We’re a connector service, not a direct lender, so you can be confident that you’re getting the best possible loan options from trusted lenders. To apply, simply fill out our online application form, and we’ll help you get the cash you need, quickly and easily.

Remember, payday loans can be a helpful financial tool, but they should be used responsibly and only when necessary. Be sure to read and understand your loan contract before signing, and always make sure you can afford to repay the loan on time to avoid additional fees, interest, and negative impacts on your credit score.

F.A.Q.

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

Yes, you can get a payday loan online in Kenbridge, 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 Kenbridge, Virginia?

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