Vermont Payday loans

Are Vermont payday loans legal?

No, it is illegal for companies to offer Vermont Payday loans. The law caps interest rates in the state effectively making Vermont payday loans a bad option for risky loans. The max interest a Vermont payday loan can offer is 18% per year.

Alternatives to Vermont payday loans

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

Other options to consider instead of Vermont payday loans

Vermont payday loan costs

Regardless of the type of credit you are given by a Vermont 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 Vermont 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.