Payday Loans in Nora, Virginia

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

Company nameAddressZip codePhone number
Raymond James Financial Services 211 N Main St, Bowling Green, VA 22427 +1 (804) 633 - 4489
TitleMax Title Loans 1092 Lynnhaven Pkwy, Virginia Beach, VA 23452 +1 (757) 447 - 9653
BB&T Mortgage 16450 General Puller Hwy, Deltaville, VA 23043
Caliber Funding 12150 Monument Dr, Fairfax, VA 22033 +1 (703) 218 - 8438
Raymond James & Associates 46 S Main St, Kilmarnock, VA 22482 +1 (804) 435 - 1165
1-2-3 Car Title Loans 880 Harrison St SE, Leesburg, VA 20175 +1 (757) 279 - 7866
Ameris Bank Mortgage Office 3110 Fairview Park Dr Suite 420, Falls Church, VA 22042 +1 (703) 466 - 4050
Fastest Cash Advance & Payday Loans E Main St, Richmond, VA 23219 +1 (804) 220 - 0964
First Virginia 4411 Indian River Rd, Chesapeake, VA 23325 +1 (757) 938 - 9933
Virginia Credit Union 100 Midtown Ave, Farmville, VA 23901 +1 (434) 392 - 9420

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Nora, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Chesapeake, VA, Payday Loans in Danville, VA, Payday Loans in Hampton, VA, Quick Loan in Harrisonburg, VA, Guaranteed Loans in Leesburg, VA, Payday Loans in Lynchburg, VA, Bad Credit Loans in Manassas, VA and No Credit Check Loans in McLean, 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 Nora, VA.

Are Payday Loans Legal In Nora, 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

Nora, VA payday loan calculator

Payday Loans in Nora, Virginia

When you’re in a tough financial predicament and need quick cash, payday loans may seem like a lifeline. These small-dollar, short-term loans are designed to help you bridge the gap between paychecks. While they have their benefits, they can also get you trapped in a cycle of debt if not used responsibly. If you’re considering a payday loan in Nora, Virginia, here’s what you need to know:

What Are Payday Loans?

Payday loans are small loans, typically ranging from $100 to $500, that are due on your next payday. The loans come with high interest rates and fees and are designed to be paid off in full within two to four weeks. The process of obtaining a payday loan is relatively simple, and you can usually get approved within minutes.

Virginia Payday Loan Laws

Payday loans are legal in Virginia, but the state regulates them to protect consumers. Here are the key rules and regulations:

  • Loan amounts: The maximum loan amount is $500
  • Loan terms: Loans must be repaid within 2 pay periods, which is generally 1 month
  • Finance charges and fees: Finance charges and fees cannot exceed 36% of the loan amount, and lenders cannot charge a fee of more than 20% of the loan amount
  • Number of loans: Borrowers can have one outstanding payday loan at a time, and there must be a cooling-off period of at least one day between loans

Make sure you understand Virginia’s payday loan laws before you take out a loan. Ask your lender if you have any questions or concerns.

Benefits of Payday Loans

Payday loans can be a lifeline when you need quick cash. Here are some of the benefits:

  • Quick approval process: You can get approved within minutes, which can be crucial if you need cash fast
  • No credit check: Payday lenders typically don’t check your credit, so you can get a loan even if you have bad credit
  • No collateral: You don’t have to put up any collateral to get a payday loan

Drawbacks of Payday Loans

While payday loans have their benefits, they also come with some drawbacks. Here are a few to keep in mind:

  • High fees and interest rates: Payday loans come with high finance charges and fees, which can make them very expensive
  • Short repayment terms: You must repay the loan within 2 pay periods, which can be difficult if you’re already living paycheck to paycheck
  • Potential for debt cycle: If you can’t repay the loan on time, you may be tempted to roll it over or take out a new loan to cover the repayment. This can lead to a cycle of debt that’s hard to break free from

Interesting Facts and Statistics About Payday Loans in Nora, Virginia

  • As of 2020, there were over 750 payday lending locations in Virginia
  • The average interest rate for a Virginia payday loan is 288%
  • In Virginia, the maximum loan amount is $500, but borrowers can have up to 2 outstanding loans at a time for a combined total of $1,000
  • The average borrower in Virginia takes out between 8 and 12 payday loans per year

Apply Now

If you need a payday loan in Nora, Virginia, TheGuaranteedLoans can help connect you with lenders who can provide you with cash when you need it most. Our online application process is quick and easy, and you’ll receive a decision in minutes. Remember, we’re a loan connector service, not a direct lender. We’ll facilitate your connection with lenders who may be able to provide you with the financing you need.

Apply now and get the cash you need.

F.A.Q.

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

Payday loan borrowers in Nora, 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.