West Virginia Payday loans

Are West Virginia payday loans legal?

No according to the law, West Virginia payday loans are illegal  and as such West Virginia payday loan companies have rules they must follow. There is an interest rate cap of 31% per annum for all loans below $2000 which means companies operate other types of loans.

Alternatives to West Virginia payday loans

Here is a list of companies that offer West Virginia payday loans or alternatives. Please do your research as each offer has their own advantages and disadvantages.

Other options to consider instead of West Virginia payday loans

West Virginia payday loan costs

Regardless of the type of credit you are given by a West Virginia lending institution, you always have to pay the money back plus all fees and interest you signed up for. The interest you pay comes down to your credit history, the type of credit line you want, your employment history and your relationship with the institution itself. There are usually many types of fees such as application, disbursement, late payment and settlement fees.   We recommend you read the fineprint before you consider a West Virginia payday loan or similar. Remember that depending on the loan type there will be a non-sufficient funds fee, that is, if your check bounces you will pay a fine.