Payday Loans in Port Royal, 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 Port Royal, VA. Consider companies in other cities:

Company nameAddressZip codePhone number
DuPont Community Credit Union 1025 Woodstock Commons Dr, Woodstock, VA 22664 +1 (540) 946 - 3200
TitleMax Title Loans 1550 E Market St, Harrisonburg, VA 22801 +1 (540) 433 - 1696
Nationwide Money Services Blacksburg, VA 24060
Omni Military Loans 15525 Warwick Blvd 109, Newport News, VA 23608 +1 (757) 888 - 6664
United Bank 1014 S Main St, Woodstock, VA 22664 +1 (540) 459 - 5050
First Choice Cash Advance 2109 Williamson Rd NE, Roanoke, VA 24012 +1 (540) 342 - 0117
CTL Top Auto Financing Norfolk VA 225 W 31st St B, Norfolk, VA 23504 +1 (757) 974 - 0240
Approved Cash 7347 Peppers Ferry Blvd Suite B, Radford, VA 24141 +1 (540) 633 - 2048
Congressional Bank 150 Elden St 170, Herndon, VA 20170 +1 (703) 796 - 9151
SunTrust Bank 115 W Main St, Bedford, VA 24523 +1 (540) 875 - 4010

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Port Royal, VA

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

22535

Are Payday Loans Legal In Port Royal, 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

Port Royal, VA payday loan calculator

Payday Loans in Port Royal, Virginia: What You Need to Know

If you find yourself in a financial bind and need quick cash, a payday loan might seem like a viable option. Payday loans are a legal practice in the state of Virginia, including in the small town of Port Royal. However, before taking out a payday loan, it’s important to understand the risks and benefits associated with these loans.

What is a Payday Loan?

A payday loan is a short-term loan issued to borrowers who need quick access to cash. These loans are typically due on the borrower’s next payday and are secured by a postdated check or an authorization for electronic access to the borrower’s bank account. Payday loans are often marketed as an option for those with poor credit or those who cannot access traditional loans.

The Pros and Cons of Payday Loans

Payday loans offer a number of benefits, including fast approval and access to cash. Additionally, payday lenders typically do not require a credit check, making these loans accessible to those with poor credit scores.

However, payday loans also come with several disadvantages, including high interest rates and fees. The interest rates on payday loans can be as high as 400%, meaning that borrowers can quickly find themselves in a cycle of debt if they cannot repay the loan on their next payday. Additionally, payday lenders have been known to engage in predatory lending practices, such as extending loans to borrowers who cannot afford to repay them.

Payday Loans in Port Royal, Virginia: What to Consider

If you are considering taking out a payday loan in Port Royal, Virginia, there are a number of factors to consider. First, make sure the lender is licensed with the Virginia State Corporation Commission. Additionally, read the loan agreement carefully to understand the terms and conditions, including the interest rate, fees, and repayment schedule.

Finally, consider alternative options before taking out a payday loan. Some alternatives include asking for an advance from your employer, negotiating a payment plan with your creditors, or seeking assistance from a nonprofit credit counseling agency.

Interesting Facts and Statistics about Payday Loans in Port Royal, Virginia

– In 2018, the average payday loan in Virginia was $380, with an average APR of 251%.
– In 2019, Virginia lawmakers passed a set of reforms aimed at curbing predatory lending practices by payday lenders.
– According to Pew Charitable Trusts, only 14% of payday borrowers in Virginia are able to repay the loan on their first payday.

Apply Now!

If you are in need of quick cash in Port Royal, Virginia, TheGuaranteedLoans can help. Our online application process is fast and easy, and we will connect you with potential lenders who can offer you the funds you need. It’s important to note that TheGuaranteedLoans is a connector service, not a direct lender, and we will only facilitate your connection with potential lenders. Apply now!

In conclusion, while payday loans are a legal option in Port Royal, Virginia, they come with a number of risks. If you do decide to take out a payday loan, make sure to understand the terms and conditions, and consider alternative options before borrowing. With careful planning and consideration, you can make the best financial decision for your needs.

F.A.Q.

Are there any limitations on the interest rates or fees that payday lenders can charge in Port Royal, Virginia?

Yes, Virginia law sets limits on the interest rates and fees that payday lenders can charge. The maximum interest rate for a payday loan in Port Royal, Virginia is 36%, and the maximum fee is 20% of the loan amount.

Can I be charged additional fees or interest if I pay off my payday loan early in Port Royal, Virginia?

No, Virginia law prohibits lenders from charging additional fees or interest if a borrower pays off a payday loan early. However, some lenders may charge a fee for early repayment, so it is important to carefully read the terms of your loan agreement before agreeing to any fees.