Payday Loans in Sandy Point, Virginia

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

Company nameAddressZip codePhone number
SunTrust 200-204 N Main St, Hopewell, VA 23860 +1 (804) 446 - 9827
The Bureau of Financial Institutions 1300 E Main St, Richmond, VA 23219 +1 (804) 371 - 9657
Colonial Farm Credit 428 E Main St, Waverly, VA 23890 +1 (804) 834 - 3931
Regional Finance 65 Conston Ave NW, Christiansburg, VA 24073 +1 (540) 251 - 8162
Navy Federal Credit Union 5900 Fort Dr Ste 110, Centreville, VA 20121 +1 (888) 842 - 6328
Check City 21 E Broad St, Richmond, VA 23219 +1 (804) 782 - 2274
Fast Auto Loans, Inc. 4320 Virginia Beach Blvd, Virginia Beach, VA 23452 +1 (757) 340 - 7040
Northwest Federal Credit Union 525 Trimble Plaza SE, Leesburg, VA 20175 +1 (703) 709 - 8900
Farm Credit of the Virginias 268 E Jackson St, Gate City, VA 24251 +1 (276) 386 - 6551
Walmart Money Center 26081 Lankford Hwy, Onley, VA 23418

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sandy Point, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Portsmouth, VA, 24-Hour Loan in Reston, VA, Emergency Loan in Richmond, VA, Payday Loans in Roanoke, VA, Short-term Loans in Springfield, VA, Payday Loans in Sterling, VA, No Credit Check Loans in Suffolk, VA and Payday Loans in Virginia Beach, 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 Sandy Point, VA.

Are Payday Loans Legal In Sandy Point, 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

Sandy Point, VA payday loan calculator

Payday Loans in Sandy Point, Virginia: Understanding the Basics

Life is unpredictable, and sometimes, you need quick cash to deal with unexpected expenses or emergencies. In Sandy Point, Virginia, payday loans are a popular option for those who need quick cash. If you’re considering a payday loan, it’s essential to understand how they work, the benefits and drawbacks, and the regulations surrounding them.

What are payday loans, and how do they work?

A payday loan is a short-term, high-interest loan that typically ranges from $100 to $1,000. The loan is intended to cover expenses until your next payday, which is usually two to four weeks away. To apply for a payday loan, you’ll need to provide proof of income, a valid government-issued ID, and a checking account.

The application process is straightforward and can often be completed online. Once you’re approved, the funds will be deposited into your bank account, and you’ll be expected to repay the loan and fees on your next payday.

The benefits of payday loans

  • Quick and easy application process
  • Funds are usually deposited into your bank account within 24 hours
  • No collateral required
  • No credit check required
  • You can use the loan for any purpose

The drawbacks of payday loans

  • High-interest rates that can be as much as 400%
  • Short repayment terms that can lead to a cycle of debt
  • High fees for late payments or loan extensions
  • No regulation on the number of loans you can take out at once

Regulations surrounding payday loans in Sandy Point, Virginia

In Virginia, payday lending is legal. However, there are regulations in place to protect consumers from predatory lending practices. The maximum amount you can borrow is $500, and the maximum loan term is 45 days. Lenders are also required to provide a written agreement that includes the loan amount, fees, and repayment terms. Additionally, lenders are not allowed to threaten or harass borrowers who are unable to repay the loan on time.

Interesting Facts and Statistics about Payday Loans in Sandy Point, Virginia

  • According to a 2020 report by the Virginia Poverty Law Center, there were 123 payday lending stores in Virginia.
  • The average interest rate for a payday loan in Virginia is 254%, according to the same report.
  • A 2015 report by the Pew Charitable Trust found that 12 million Americans use payday loans every year, and the average borrower takes out eight loans per year.

Apply Now

If you’re in a financial bind and need quick cash, TheGuaranteedLoans.com can help. We are a connector service that works with a network of trusted lenders in Sandy Point, Virginia. Apply now, and we’ll work hard to connect you with a lender who can provide you with the funds you need. Remember, we are a connector service, not a direct lender, so please read the terms and conditions of any loans you may be offered carefully.

Life can be unpredictable, but a payday loan can help you get back on your feet. Remember to borrow responsibly, read the terms and conditions carefully, and only borrow what you can afford to repay.

F.A.Q.

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

Payday loan borrowers in Sandy Point, 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.