A Guide to the Best Payday Loans Companies in Norfolk, Virginia
The Virginia Payday Loan Act legalized payday loans in Virginia. There are, however, rules that payday loan companies in Norfolk, VA, must follow. Norfolk payday loan companies may not charge more than 20 percent of your loan amount for a loan free and never more than $5 for a verification fee.
When it comes to repaying your payday loan, you have two times your paycheck cycle. For example, if you are paid weekly, you get two weeks for repayment. If you’re paid every two weeks, you get four weeks to repay the loan. You cannot take out a new loan on the day you repay one. You must wait. When you’re ready to apply for a payday loan, here are some of the top payday loan companies in Norfolk, Virginia.
ACE Cash Express
ACE Cash Express has five Norfolk payday loan offices: 720 Church Street, 1000 Park Avenue, 6040 East Virginia Beach, 6115 Sewells Point Road, and 7452 Tidewater Drive. At these locations, you can borrow as much as $500 with a payday loan. Bring a government-issued photo ID, proof of residence, paystub, and bank account statement. Active military members are not eligible.
Allied Cash Advance
Take out a payday loan at the Norfolk office of Allied Cash Advance. The office is on East Virginia Beach Boulevard. Walk in, fill out the application, and have cash in hand the same day. Cash advance loans usually have repayment terms of two or four weeks, so it’s important to make sure you can repay the money by the due date.
Check Into Cash
Check Into Cash offers payday loans in Norfolk at their North Military Highway office. Keep in mind that the office is closed on Sunday. Borrow up to $800 and have the cash within 15 minutes. You do need a photo ID, paystub, and blank check with you when you apply.
Payday loans offered at CheckSmart typically range in value from $100 to $500. Repayment terms depend on your pay cycle, but CheckSmart does have a maximum limit of 31 days. The Norfolk office is located on East Little Creek Road and is open seven days a week.
Express Check Advance
Express Check Advance’s Norfolk payday loan office is on North Military Highway. To receive a cash advance loan, you need a photo ID, blank check, bank statement, and paystub. Fees are determined by the local office, but on average borrowers pay an APR of approximately 390 percent.
First Virginia provides borrowers with unsecured lines of credit for as much as $5,000. APRs for these lines of credit range from 150 to 264 percent. To get a line of credit, you must provide a pay stub, photo ID that’s issued by the government, personal check, phone number, and a bill that verifies where you live. The funds are issued on a prepaid debit card. Find First Virginia’s Norfolk offices on East Virginia Beach Boulevard and Tidewater Drive.
Before applying for a payday loan in Norfolk, Virginia, try to get the needed funds another way. Payday loans are helpful in an emergency situation, but it’s important to use them only as a last resort.