West Virginia Online Fast Cash Loans
Sometimes an unexpected expense come across our way in a moment when we are short of money and the next payday is still too far away, but the good news is that quick loans are the fastest way to borrow money to resolve any unexpected expense. Payday loans are short-term loans that are made available to anyone who can pay back the money with their paycheck, so if you are employed and in need of money before your payday, this is the right solution for you, and definitely the fastest.
Fast cash loans West Virginia lending companies do not perform credit checks and therefore, you can apply even with bad credit, poor credit or no credit history at all. Your credit score is not determining for a payday loan approval, and there is no need to fax any document, so you do not need to provide any proof of income.
Shopping Around for the Best Deal
Doing an online research or browsing your local newspapers and magazines will bring to your attention many cash advance lenders to choose from. Compare the different deals and offers they have for you so you can be sure to get the best conditions to buy a payday loan. Even though, fast cash loans West Virginia services are regulated by the state law and you must know what these regulations are before you can actually apply for a payday loan.
Limitations on Fast Cash Loans West Virginia
In West Virginia, the authorization of fast cash loans follow the same regulations that apply to the whole state, which require that payday lenders and payday lending companies to be licensed. Payday lenders must issue a written contract that includes all the terms, charges and fees that apply to a payday loan, and must include this phrase, “A payday loan is not intended to meet long-term financial needs.”
However, in West Virginia the regulations for borrowers are different, and include the following terms:
1. The maximum payday loan amount allowed by law is $45,000
2. In West Virginia there is no minimum or maximum loan term stipulated
3. Similarly, there are no regulation about rollovers and extensions
4. There is a maximum finance fee of 31% per year based on payday loans up to $2,000, and fees above this amount are not stipulated but highly regulated.
In West Virginia, you cannot have more than one outstanding fast cash loan at a time, and while lenders can bring civil action upon default payments, they are not allowed to pursue criminal action against you.
Apply Today for a Payday Advance Loan
Fast cash loans West Virginia are your immediate solution when a money emergency arises. Despite it is possible to borrow large amounts of money in West Virginia, remember that this type of loans are granted upon your paycheck, and therefore is nearly impossible that you can borrow $45,000 if your salary is below $2,000, hence keep your application realistic when it comes to fill in the amount of money that you need.