Payday Loans in Low Moor, Virginia

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

Company nameAddressZip codePhone number
ZOOMCASH CONSUMER LOANS 724 E Riverside Dr, North Tazewell, VA 24630 +1 (276) 285 - 5261
Atlantic Union Bank 25253 Lankford Hwy, Onley, VA 23418 +1 (757) 787 - 9132
Automotive Services Finance Inc. 2697 International Pkwy 1-101, Virginia Beach, VA 23452 +1 (757) 496 - 6449
The United Methodist Credit Union 10330 Staples Mill Rd, Glen Allen, VA 23060 +1 (804) 672 - 0200
Ameris Bank Mortgage Office 12500 Fair Lakes Cir 290, Fairfax, VA 22033 +1 (703) 466 - 4080
Advance America 201 Broadview Ave, Warrenton, VA 20186 +1 (540) 428 - 1871
InFirst Federal Credit Union 16384 Consumer Row, King George, VA 22485 +1 (540) 644 - 9515
MoneyGram 61 Lee Jackson Hwy, Staunton, VA 24401 +1 (540) 885 - 2347
New Peoples Bank 1421 E Main St, Lebanon, VA 24266 +1 (276) 889 - 5100
Allied Cash Advance 870 Tanyard Road, Unit 8, Rocky Mount, VA 24151 +1 (540) 484 - 1071

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Low Moor, VA, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Arlington, VA, Short-term Loans in Ashburn, VA, Same Day Loans in Blacksburg, VA, Bad Credit Loans in Burke, VA, Payday Loans in Centreville, VA, Short-term Loans in Charlottesville, VA, Payday Loans in Chesapeake, VA and Payday Loans in Danville, 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 Low Moor, VA.

Beautiful sights of Low Moor, VA

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

24457

Are Payday Loans Legal In Low Moor, 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

Low Moor, VA payday loan calculator

Payday Loans in Low Moor, Virginia – All You Need to Know

Payday loans are a type of short-term loan that can be an option for those who need quick access to cash. In Virginia, these types of loans are legal and readily available to residents across the state, including in Low Moor, Virginia. If you’re considering taking out a payday loan in Low Moor, Virginia, it’s important to understand the regulations, requirements, and potential risks associated with this type of loan. In this article, we’ll cover everything you need to know to make an informed decision about payday loans in Low Moor, Virginia.

How Payday Loans Work

Payday loans are typically small-dollar loans that are meant to be repaid on the borrower’s next payday. These loans typically have high interest rates and fees, making them a costly form of credit. To get a payday loan in Low Moor, Virginia, you’ll typically need to provide proof of income, a valid ID, and a checking account. Most payday loan applications are completed online, and funds can be deposited into your account as soon as the next business day.

Virginia Payday Loan Regulations

Like many states, Virginia has protections in place for consumers who take out payday loans. Under Virginia law, payday lenders are required to be licensed by the State Corporation Commission. Borrowers are limited to one loan at a time and can only borrow up to $500. The loan term cannot be longer than 45 days, and lenders are prohibited from rolling over loans. Interest rates and fees are also capped in Virginia, making payday loans more affordable for borrowers.

  • Maximum loan amount: $500
  • Loan term: 45 days
  • Maximum interest rate: 36%
  • Maximum finance fee: 20%

The Risks of Payday Loans

While payday loans can provide quick access to cash, they come with significant risks. The high interest rates and fees associated with payday loans can make them difficult to repay, leading many borrowers to take out additional loans to cover the cost of the original loan. This cycle of debt can be difficult to break, ultimately leading to financial hardship and even bankruptcy in some cases. It’s important to carefully consider your own financial situation and needs before taking out a payday loan in Low Moor, Virginia, or anywhere else.

Interesting Facts and Statistics About Payday Loans in Low Moor, Virginia

  • Low Moor, Virginia is home to at least one payday lending storefront.
  • In Virginia, the average annual percentage rate (APR) on a two-week payday loan is 687%.
  • According to a report by the Pew Charitable Trusts, the average payday loan borrower in Virginia takes out eight loans per year.
  • As of 2021, Virginia lawmakers are considering additional regulations on payday loans to further protect consumers.

Apply Now for a Payday Loan in Low Moor, Virginia

If you’re in need of quick cash, a payday loan could be an option for you. At TheGuaranteedLoans, we’re here to help connect you with potential lenders who may be able to offer a loan that fits your needs. Simply fill out our online application, and we’ll work to match you with the right lender. Remember, payday loans are a form of short-term credit and should be used responsibly. We encourage all borrowers to carefully consider their own financial situation and needs before taking out a payday loan.

Apply now and get the cash you need today!

F.A.Q.

Can I be sued or have my wages garnished for defaulting on a payday loan in Low Moor, Virginia?

Yes, if you default on a payday loan in Low Moor, Virginia, the lender may pursue legal action against you to recover the outstanding debt. This could include suing you in court and obtaining a judgment against you, which could lead to wage garnishment or other collection actions.

Can a payday lender repossess my property if I default on my loan in Low Moor, Virginia?

No, payday lenders in Low Moor, Virginia are not allowed to repossess property in order to recover a defaulted loan. However, if you have provided a post-dated check as collateral for the loan, the lender may be able to cash the check in order to recover the outstanding debt.