Payday Loans in Spring Grove, Virginia

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

Company nameAddressZip codePhone number
Advance America 1818 Peery Dr, Farmville, VA 23901 +1 (434) 391 - 3893
Staunton Creative Community Fund 32 N Augusta St suite d, Staunton, VA 24401 +1 (540) 213 - 0333
Cash To PayDay Inc 2006 2nd St, Richlands, VA 24641 +1 (276) 596 - 9070
Loanmax Title Loans 1314 N Royal Ave, Front Royal, VA 22630 +1 (540) 631 - 3225
Check Into Cash 980 Leatherwood Ln, Bluefield, VA 24605 +1 (276) 322 - 1815
Embrace Home Loans-Virginia - Fredericksburg 1671 Jefferson Davis Hwy 205, Fredericksburg, VA 22401 +1 (540) 735 - 0195
Foote Title Group 6131 James Madison Pkwy, King George, VA 22485 +1 (540) 644 - 9990
Westview Financial Services 209 Village Ave a, Yorktown, VA 23693 +1 (757) 778 - 8260
Nine 1 Lending Group Inc 3877 Fairfax Ridge Rd, Fairfax, VA 22030 +1 (703) 691 - 9191
ACE Cash Express 6911 Richmond Hwy Ste 100, Alexandria, VA 22306 +1 (703) 765 - 2414

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Spring Grove, VA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Virginia Beach, VA, Payday Loan Without a Credit Check in Alexandria, VA, Payday Loans in Annandale, VA, Short-term Loans in Arlington, VA, Payday Loans in Ashburn, VA, Payday Loan Without a Credit Check in Blacksburg, VA, Payday Loans in Burke, VA and Quick Loan in Centreville, 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 Spring Grove, VA.

Beautiful sights of Spring Grove, VA

Are Payday Loans Legal In Spring Grove, 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

Spring Grove, VA payday loan calculator

Payday Loans in Spring Grove, Virginia

When unexpected expenses arise, payday loans are one of the options available to help individuals cover their financial needs until their next paycheck arrives. In Spring Grove, Virginia, payday loans are legal, which means you can access financial relief through this type of short-term loan.

While payday loans may seem like a quick fix, it is essential to understand the details before applying for one. Here, we will go through everything you need to know about payday loans in Spring Grove, Virginia.

How do Payday Loans Work?

A payday loan is a short-term loan provided by a lender that will require you to repay the borrowed amount plus interest on your next payday. The maximum loan amount in Virginia is $500, and the loan term cannot exceed two pay periods.

When applying for a payday loan, you will need to provide the lender with personal and financial information, including your name, address, employment status, and income. If approved, the lender will provide you with the money you need, which you can use for your immediate expenses.

On your next payday, the lender will withdraw the borrowed amount plus lender fees directly from your bank account. If you cannot repay the loan on the due date, you are allowed to rollover or renew the loan, which means additional fees will be added to the total amount you owe.

Are Payday Loans a Good Option for You?

Payday loans may seem like a convenient solution when you need cash fast, but it is crucial to consider the risks before applying for one. In Virginia, the maximum interest rate for payday loans is 36%, and the average borrower pays an annual percentage rate (APR) of 601%. This high interest rate can make it difficult for individuals to repay the loan, leading to a cycle of debt.

Before applying for a payday loan, it is important to consider other options available, such as borrowing from a family member or friend, negotiating with creditors, or exploring government-backed loans. You can also reach out to a credit counseling agency to receive sound financial advice.

Interesting Facts and Statistics about Payday Loans in Spring Grove, Virginia

  • As of 2021, there were 489 licensed lenders in Virginia
  • In 2020, payday lenders in Virginia collected over $110 million in fees
  • The average loan amount in Virginia is $387
  • The average APR for payday loans in Virginia is 601%
  • Payday loans make up only a small portion of overall consumer debt in Virginia, with credit card debt being the primary source of debt

Apply Now

If you have considered all your options and payday loans seem like a viable solution for you, TheGuaranteedLoans can help you connect with potential lenders in Spring Grove, Virginia. We are a connector service and not a direct lender, meaning we do not provide loans directly to borrowers. Instead, we will help you find a lender that fits your financial needs. Apply now on our website and receive your funds as soon as the next business day.

Conclusion

Payday loans can provide short-term financial relief for individuals in Spring Grove, Virginia. However, before applying, it is essential to understand the risks and look for other options to avoid falling into a cycle of debt. Remember, TheGuaranteedLoans can help you find potential lenders in your area, but it is essential to read the terms and conditions before accepting a loan.

F.A.Q.

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

Yes, if you default on a payday loan in Spring Grove, 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 Spring Grove, Virginia?

No, payday lenders in Spring Grove, 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.