Lynchburg Payday Loans
An OppLoans Guide to Getting The Help You Need


We all have times in our life when we struggle financially. For some people, there is a constant anxiety about whether they’ll lose their home, car or whether they’ll be able to feed their family. Though these situations feel desperate and may seem impossible, there is help in Lynchburg.

Borrowing Money in Lynchburg

Sometimes in a difficult financial situation, the best option is to take out a cash loan. But when you are in need of emergency funds, it’s tempting to make a hasty decision. There are many online and storefront lenders in Lynchburg that promise quick cash, but a lot of these lenders take advantage of people in low-income communities. Get the facts on the different kinds of predatory loans before you take out a loan in Lynchburg.

Payday Loans in Lynchburg
A costly cut of cash.

Payday loans often go by other names, “cash advance loans” or “check advances” to name a couple. But regardless of the name, payday loans are a risky way to get fast cash. What they don’t advertise is they often have extremely high interest rates.

It’s easy to get a payday loan. Lenders will usually post-date a check for your next payday or obtain your bank account information in order to ensure that they will be repaid when you receive your next paycheck. In return, the lender will give you a cash loan.

In Virginia, you can borrow as much as $500 through a payday loan and lenders can charge as much as 400% APR in addition to a 20% finance charge.(2) These extremely high interest rates and fees make these loans costly and, for some, extremely difficult to pay back.

If you have complaints or questions about a payday loan in Lynchburg, contact The Commonwealth of Virginia State Corporation Commission.

OppLoans Line of Credit Product Loans in Lynchburg
The terms you want, with the flexibility you deserve.

Don’t get roped into a dangerous loan. If you’ve done your research, and looked throughout Lynchburg for a cash loan, then you’ve likely discovered that the safe and affordable alternative is OppLoans.

OppLoans offers line of credit product that have flexible terms (6 to 36 months), lower interest rates (Usually 70-125% less than others) and fixed-rate payments, so you know what to expect each month. Our line of credit product are between $1,000 and $5,000, so you can easily find one that fits your budget without breaking the bank.

OppLoans offers a credit-building line of credit product that can help you finally take control of your finances. If you have less-than-perfect credit and you need a line of credit product, apply online or call us at (800) 990-9130, Monday – Friday 7am to 7pm, or Saturday 9am to 4pm CST.

Subprime Reports

See more local Virginia Subprime Reports below:
Lynchburg Payday Loans | Newport News Payday Loans | Norfolk Payday Loans | Richmond Payday Loans | Roanoke Payday Loans | Virginia Beach Payday Loans

References:

  1. “Borrower Rights and Responsibilities” Motor Vehicle Title Lending in the Commonwealth of Virginia. Accessed March 14, 2016. https://www.scc.virginia.gov/bfi/files/mvl_va.pdf
  2. “Payday Loans” Virginia Legal Aid Society. Accessed March 14, 2016. https://www.valegalaid.org/files/E095B726-FCD8-81C1-17DC-A16C7ED73FFF/attachments/B15FA29B-AA5D-6288-4C47-D54C66C25B72/payday-loans.pdf
  3. “Code of Virginia. Chapter 40: Pawnbrokers. 54.1-4008” Virginia’s Legislative Information System. Accessed March 10, 2016. https://law.lis.virginia.gov/vacode/54.1-4008/

*OppLoans is not affiliated with any of the programs, services, or organizations referenced on this page.

See more local Virginia guides, and learn more about options in Virginia.