Newport News Payday Loans
An OppLoans Guide to Getting The Help You Need

No one’s quite sure where the “News” in Newport News comes from, but one thing that’s certain is that life on the Virginia Peninsula can be pretty great. However, there are also a lot of people in Newport News for whom life definitely isn’t so easy: namely the 16% of residents who live at or below the federal poverty level.(1) When trouble comes knocking, these folks often don’t have the means to handle it all on their own. Fortunately, there are places in Newport News where help is readily available.

Borrowing Money in Newport News

When a person with less-than-perfect credit needs a loan, they oftentimes can’t get one from a bank or even a local credit union. They usually end up getting a payday loan, pawning their valuables or even using the title to their car as collateral for a loan. All of these loans come with higher interest rates, shorter terms and increased risk for the borrower. Failing to pay one back on time could land someone in a recurring cycle of debt — one from which it can be almost impossible to escape. Before taking out a loan in Newport News, it pays to research all the different options that are available to avoid taking out a predatory loan.

Payday Loans in Newport News
Paying too much to get too little.

When it’s an emergency and someone needs to get their hands on some quick cash, it can be tempting to go to a payday lender. But that is a temptation that should be resisted, because these predatory loans can cause major problems for people down the line.

A payday loan is a short-term loan that’s easy to secure but can be difficult to pay back — mostly because of those high interest rates and short terms. In Virginia, the loans generally come with terms between 7 to 31 days — with 14 days being the average — and effective annual percentage rates (APRs) of up to 400%. Don’t be fooled by the fact that these loans can only charge 36% interest, because they can also charge loan fees up to 20%.(2) Those fees and interest rates mean you’re paying way more than you initially borrowed — plus you don’t have much time to pay them back.

Payday loans may be convenient, but there are other loans out there that can get you the funds you need quickly, without putting your long-term finances in danger. If you want more information, or would like to report a payday lender in Newport News, contact the Virginia Bureau of Financial Institutions at (804) 371-9657 or the Consumer Financial Protection Bureau at (855) 411-2372.

OppLoans Line of Credit Products in Newport News
A speedy line of credit that fits your budget.

Payday, title and pawn shop loans prize speed over security, but a line of credit product from OppLoans delivers both. If you’re approved, you can have your funds as early as the next business day. Plus, our line of credit products come with a series of simple, easy-to-manage payments that are spread out over 6 to 36 months. We issue line of credit product up to $5,000 and our interest rates are generally 70-125% lower than other products. With a line of credit product from OppLoans, your rates are fixed, your payments are regular and the path to a better credit history lies at your feet.

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


  1. “Quick Facts: Newport News city, Virginia (County)” United States. Census Bureau. Accessed March 14, 2016.
  2. “Payday Loans.” Virginia Legal Aid Society. Accessed March 10, 2016.
  3. “Motor Vehicle Title Lending in the Commonwealth of Virginia.” Commonwealth of Virginia State Corporation Commission. Accessed March 10, 2016.
  4. “Code of Virginia. Chapter 40: Pawnbrokers. 54.1-4008” Virginia’s Legislative Information System. Accessed March 10, 2016.

*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.