Payday Loans in Raleigh, West Virginia

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No payday loan companies in Raleigh, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
Kroger Money Services 2007 7th St, Parkersburg, WV 26101 +1 (304) 424 - 6369
United States Postal Service 628 Nicholas St, Rupert, WV 25984 +1 (800) 275 - 8777
Chase Bank 1114 Market St, Wheeling, WV 26003 +1 (304) 232 - 1135
BB&T Mortgage 5 Harman Ave, Grafton, WV 26354
First Community Bank 1102 Oakvale Rd, Princeton, WV 24740 +1 (304) 431 - 9000
Ameriprise Financial 3334 Main St, Weirton, WV 26062 +1 (304) 748 - 7094
BCBank Inc. - Philippi 27 Pike St, Philippi, WV 26416 +1 (304) 457 - 3300
Citizens Bank of West Virginia 248 Main St, Beverly, WV 26253 +1 (304) 636 - 0988
First Community Bank 1616 Cook Pkwy, Oceana, WV 24870 +1 (304) 682 - 8244
Hamilton, Burgess, Young & Pollard, P.L.L.C. 5493 Maple Ln, Fayetteville, WV 25840 +1 (304) 574 - 2727

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Raleigh, WV, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Charleston, WV, Payday Loans in Huntington, WV, Payday Loans in Morgantown, WV and Online Loans in Parkersburg, WV. 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 Raleigh, WV.

Beautiful sights of Raleigh, WV

Are Payday Loans Legal In Raleigh, West Virginia?

Payday Lending is Prohibited in West Virginia

West Virginia Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Raleigh, WV payday loan calculator

Payday Loans in Raleigh, West Virginia: Understanding the Regulations

For residents of Raleigh, West Virginia, managing unexpected expenses can be a challenge. Whether it’s a car repair, a medical emergency, or a sudden bill, the stress of finding the necessary funds can be overwhelming. One option that many people turn to is a payday loan, but it’s important to understand that these types of loans are actually prohibited in West Virginia.

The Prohibition of Payday Loans in West Virginia

West Virginia law prohibits payday loans, which typically offer short-term, high-interest loans that are intended to be paid back by the borrower’s next payday. The state has set a maximum interest rate of 31% for all small loans, making payday loans essentially illegal.

While there are no physical payday lenders in Raleigh, West Virginia, residents may still be able to obtain these types of loans from out-of-state lenders or online providers. However, this is not recommended, as such lenders often charge exorbitantly high interest rates and fees, putting borrowers at risk of falling into a cycle of debt that can be difficult to escape.

Alternative Options for Raleigh Residents

Fortunately, there are alternative options available to Raleigh residents who are in need of emergency funds. One such option is a signature loan, which is a type of personal loan that doesn’t require collateral. These loans typically have lower interest rates than payday loans and longer repayment terms, making them a more manageable option for many borrowers.

Another option may be to reach out to local non-profit organizations or charities that offer financial assistance to those in need. These organizations may provide grants or low-interest loans to help individuals who are struggling to make ends meet.

Interesting Facts and Statistics About Payday Loans

  • The average payday loan borrower takes out 10 loans per year, spending a total of 199 days in debt.
  • According to a study by the Consumer Financial Protection Bureau, 80% of payday loans are rolled over or renewed within two weeks, often resulting in additional fees and interest charges.
  • In 2019, the average interest rate on payday loans in the United States was 391%, which is significantly higher than the maximum interest rate of 31% set by West Virginia law.

Apply Now for a Signature Loan in Raleigh, WV

If you find yourself in need of emergency funds, it’s important to explore all your options before turning to payday loans. TheGuaranteedLoans can help connect you with reputable lenders who offer signature loans with competitive interest rates and flexible repayment terms.

To get started, simply fill out our online application. We’ll ask for some basic information about your income and employment history, and we’ll use this information to match you with potential lenders who may be able to meet your needs.

Please note that TheGuaranteedLoans is not a direct lender. We are a connector service that works with a network of lenders to help borrowers find the right loan for their needs. Our service is free, and there is no obligation to accept any loan offer that you may receive.

Apply now and take the first step towards securing the emergency funds you need.

F.A.Q.

Are there any other options for fast cash in Raleigh, West Virginia?

Consumers in Raleigh, West Virginia may be able to access funds through a credit union or bank loan, or by using a credit card or personal loan. It is also possible to sell assets or ask friends or family for financial assistance.

Are payday loans legal in Raleigh, West Virginia?

No, payday loans are prohibited in the state of West Virginia.

Look for Short-Term Loans in Other Cities: