Virginia Payday Loan Reviews

Need a small short-term loan, just until next pay day? For many people, their bank will not be the best answer. Banks generally just don't deal in loan amounts less than $500, and the loan process is lengthy, requiring credit checks and collateral. That's where payday loans come in. You get get cash on hand, and have it automatically paid back on your next pay day. We've reviewed a range of payday lenders to help you find the best option for short term cash.

Not a Virginia resident? Choose your state here:

NextAdvisor Blog Headlines

bistroMD Announces New Diabetic Diet Meal Plan
Apr 1, 2015 - Eating healthy is difficult for many of us, but it can be especially tough — and even more important — for those with diabetes. While some people are able to cook and plan meals on their own, others can benefit from having properly portioned food ready to make in the freezer. That's where diet de...

OneDrive: Microsoft's New Approach to Cloud Storage
Apr 1, 2015 - Microsoft users may have been perplexed when the cloud storage service they've been previously employing called SkyDrive suddenly went missing from their applications. Good news for those users — the company has revamped and renamed the service to OneDrive, changing a few features and pricing, as...

How Your Company Can Take Advantage of Its Business VoIP System
Apr 1, 2015 - VoIP is not necessarily breaking news. In fact, Voice over Internet Protocol has been around since the mid-1990s and has reinvented itself time and time again to become an efficient option for both personal as well as business users in the modern technological world. The beauty of this concept is...

Don't Get Fooled! 3 Email Scams to Avoid
Apr 1, 2015 - April Fool's is upon us, and while playing pranks on friends and strangers is a great way to celebrate spring, there's nothing funny about falling victim to a scam. We use our email accounts for just about everything, which unfortunately makes them easy targets for all sorts of scams. Although mo...

Citi 0% APR Just Increased to 21 Months
Apr 1, 2015 - Citibank (a NextAdvisor advertiser) has just increased the 0% introductory APR period on their two most popular 0% APR cards – Citi Simplicity and Citi Diamond Preferred – from 18 months to an incredible 21 months. This is the longest no-interest APR intro period we've seen in a major credit card...


How does a payday loan work?

Payday loans are short-term advances provided by a licensed lender to a consumer. Funds are electronically deposited in the customer's account when the loan is made, and are automatically withdrawn when the loan is due on the customer's payday. Payday lenders charge fees and/or interest on a payday loan, which is also withdrawn on the due date. Rates, maximum loan amounts, and contracts vary by state.

Our payday loan reviews

During our review process we researched each payday lender's website and looked for important information like the availability of contact information. We also looked at how clearly the terms were spelled out and whether they were within the law as we understand it. In addition we provided BBB (Better Business Bureau) grades to give readers an idea of each lender's customer service practices. However, because each state has different laws in regards to payday lenders, we suggest you carefully review the information on the lenders' websites in order to understand the specifics of the terms in your state.

Fees and APRs

Payday lenders generally charge fees and interest per $100.00 that you borrow. By law, these fees and interest charges must be computed and shown as APRs (Annual Percentage Rates) so that customers can compare them to other forms of debt, such as credit cards. This generally means APRs in the range of 400% to 500%. While these are high percentages, it's important to remember that these loans are meant to be paid off in a period of 2 to 4 weeks; if paid on-time the actual interest rate is much lower. However, if you refinance your loan, as allowed in some states, the rate will quickly compound, which is why we recommend paying off the loan when it's due.

Sign Up For Our Newsletter

Advertiser Disclosure: is a consumer information site that offers free, independent reviews and ratings of online services. We receive advertising revenue from most but not all of the companies whose products and services we review. For credit cards, we review cards from all of the top 10 US issuers by purchase volume (according to Issue 1035 of The Nilson Report, Feb 2014) excluding issuers that require additional accounts to be a cardholder and private label issuers. We may also review cards from other issuers in select cases. We do not review all products in a given category. We are independently owned and operated and all opinions expressed on this site are our own.