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

There are many things in life that can lead to financial trouble. Some people are only one unexpected bill away from losing their apartment, home or car. Situations like this can leave anyone wondering how to get help. The good news is that being a resident of Roanoke means having access to many government and non-profit programs designed to help people in their time of need.

Borrowing Money in Roanoke

There are so many situations in which people need to borrow cash. A broken down vehicle, home repairs or unexpected medical bills are a few examples. When people are in need of emergency cash they can feel pretty vulnerable. It’s not always obvious what the best option is. Many people are drawn to payday or title loans in Roanoke because they’re easy, fast and seem convenient. But these high-cost loans prey on low-income and desperate individuals. Learn the ins and outs of predatory lending before you choose a loan in Roanoke.

Payday Loans in Roanoke
Don’t sacrifice safety for convenience.

You’ve likely heard of payday loans before. They go by several other names including “cash advance loans”, “payday advance loans” and “check advances”. No matter what they’re called, they all have a few things in common, including the fact that they’re seeking to take advantage of you and your financial situation.

Obtaining a payday advance loan in Roanoke is fairly simple. You’re usually required to provide the lender with a check for the amount you want to borrow, plus interest and fees. The lender will then give you a cash loan. On the due date, the lender will cash your check to get their money back.

In Roanoke, the most you can get from a payday loan is $500, and the repayment term must be two pay periods from when you got the loan. Lenders are legally allowed to charge annual interest rates up to 400% plus a finance charge equal to 20% of the amount of the loan.(2) Due to the unreasonably high rates and fees, these loans are difficult to pay off at all, let alone by the due date.

People who are struggling financially may be drawn to payday loans for their ease and speed. You’d be wise however to do some research, and find a better personal loan that won’t lead you into a vicious debt cycle. The Commonwealth of Virginia State Corporation Commission can help if you have questions or concerns about a payday lender in your area.

OppLoans Line of Credit Product Loans in Roanoke
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 Roanoke 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


  1. “Borrower Rights and Responsibilities” Motor Vehicle Title Lending in the Commonwealth of Virginia. Accessed March 8, 2016.
  2. “Payday Loans” Virginia Legal Aid Society. Accessed March 8, 2016.
  3. “50 State’s Pawn Shop Interest Rates & Statutes” Online Pawn Shops Consumer Reports. Accessed March 8, 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.