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Best Online Short-term Loans in Lorton

Struggling to manage unexpected expenses? Let us ease your financial stress with our Best Cash Advance Short-term Loans! Unforeseen bills can wreak havoc on your budget, and waiting for your next paycheck isn't always an option. Don't let short-term financial gaps disrupt your peace of mind. Our tailored short-term loan solutions offer quick, hassle-free access to the cash you need, right when you need it. With a focus on convenience and speed, we provide a seamless process designed to bridge the gap and get you back on track. Get the financial flexibility you deserve today!

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Best Online Short-term Loans in Lorton

Truist
Bank
2.40
10 reviews

Address: 9400 Richmond Hwy, Lorton, VA 22079

Today's Business Hours: 9:00 AM - 5:00 PM

Phone Number: +1 (703) 337-9043

Website: truist.com/locations

Alternatives to Short-term Loans in Lorton

Short-term loans are designed to provide quick financial relief and come in several types. Personal loans are unsecured loans that require no collateral and are often used for various personal expenses, with repayment typically expected within a few months to a year. Installment loans allow borrowers to receive a lump sum and repay it in fixed monthly payments over a set period, making them more predictable but usually bearing higher interest rates. Title loans, on the other hand, are secured loans where borrowers use their vehicle title as collateral; these loans offer rapid access to funds but carry the risk of losing the vehicle if not repaid on time.

Best Personal Loan

M Street Mortgage: Zubair Khan, Mortgage Broker NMLS #2000103
4.90
10 reviews

Short-term personal loans are typically unsecured loans granted based on the borrower's creditworthiness. This makes them an attractive option for borrowers who may not own collateral. The best personal short-term loans often have lower interest rates compared to payday loans and offer more flexibility in repayment terms. These loans are generally used for emergencies or unexpected expenses and can be obtained quickly from online lenders or financial institutions.

Best Car Title Loan

CTL Auto Financing Lorton VA
0.00
0 reviews

Title loans are a specific type of short-term loan that requires the borrower to use their vehicle as collateral. This secured loan type often allows for quick access to cash, as the lender holds the vehicle's title until the loan is repaid. Title loans are popular due to their fast approval process and minimal credit requirements; however, they usually come with higher interest rates and fees. Borrowers should be cautious when opting for title loans, as failure to repay can result in the loss of the vehicle. Despite the risks, title loans can be a practical option for those needing immediate funds and have limited borrowing alternatives.

Loan Regulations in Virginia

Virginia enforces specific regulations for short-term loans to protect consumers and ensure fair lending practices. The state has set a maximum short-term loan amount of $2500 with a minimum four-month term and a maximum 24-month term. The Annual Percentage Rate (APR) for short-term loans in Virginia is capped at 36%, with a maximum loan fee of 20% of the loan amount and a verification fee not exceeding $5. This regulatory framework aims to prevent excessive debt and the cycle of borrowing that can occur with higher-cost loans.

Borrowers in Virginia must meet certain eligibility criteria to qualify for short-term loans, including being at least 18 years old, having a regular source of income, and possessing an active checking account. Lenders are required to provide clear and understandable terms and must ensure borrowers can repay the loan. These regulations are applicable statewide, ensuring that all short-term loan transactions in Virginia are conducted within these guidelines, thereby safeguarding the interests of the borrowers across the state.

Short-Term Loan Calculator

day(s)
%
$

Estimated Payment

$327.12
Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Where to Use Short-term Loan

Individuals who have taken out a short-term loan can utilize it across a range of critical services. For medical needs, local clinics and hospitals provide treatment options that could be covered by the loan. Auto repair shops offer services for vehicle maintenance and repairs, while legal firms can assist with personal or business matters. Additionally, funeral homes help with costs associated with end-of-life arrangements, and appliance service providers handle necessary repairs and replacements for household items.

Car Repair and Service
7201 Telegraph Square Drive, Lorton, VA 22079
+1 (703) 372-2919
Car Wash
9404 Lorton Market Street, Lorton, VA 22079
+1 (703) 339-4371
Club & Association
9504 Richmond Highway, Lorton, VA 22079
+1 (703) 372-1444
College/University
9453 Lorton Market Street, Lorton, VA 22079
+1 (703) 372-1450
Community Center
7722 Gunston Plaza, Lorton, VA 22079
+1 (703) 550-7195
Dentist
8971 Ox Road, Lorton, VA 22079
+1 (703) 493-8190
Doctor
9010 Lorton Road, Lorton, VA 22079
+1 (703) 436-1200
Fast Food
8232 Gunston Corner Lane, Lorton, VA 22079
+1 (703) 495-0113
Fitness Club & Center
7406d Lockport Place, Lorton, VA 22079
+1 (571) 332-1995
Government Office
7301 High Point Road, Lorton, VA 22079
+1 (703) 339-2385
Hairdresser
8971 Ox Road, Lorton, VA 22079
+1 (703) 493-8333
Library
9520 Richmond Highway, Lorton, VA 22079
+1 (703) 339-7385
Local Post Office
8253A Backlick Road, Lorton, VA 22079
+1 (703) 339-4894
Motel
8198 Terminal Road, Lorton, VA 22079
+1 (703) 339-1565
Museum
9520 Workhouse Way, Lorton, VA 22079
+1 (703) 493-9586

FAQ

What is a short-term loan?

A short-term loan is a type of loan that is scheduled to be repaid in a shorter time frame, typically within a year. It is designed to provide quick financial assistance, often for unexpected expenses or bridge gaps between paychecks.

Can I get a short-term loan with bad credit?

Yes, many lenders offer short-term loans specifically tailored for individuals with bad credit. These loans may come with higher interest rates, but they provide an opportunity for those with poor credit histories to secure the funds they need.

What are same-day loans?

Same-day loans are a type of short-term loan where the borrower can receive the funds on the same day of application approval. They are an ideal solution for emergency financial needs where funds are required quickly.

How do short-term loans work?

Short-term loans are a type of short-term loan intended to be paid back on the borrower's next payday. They are usually small amounts and come with high fees. These loans are accessible even to those with bad credit but must be used cautiously due to their high cost.

What is the typical amount I can borrow with a short-term loan?

The amount you can borrow with a short-term loan varies by lender and your personal circumstances but typically ranges from $100 to $5,000. Many lenders have a maximum limit, and loans are often based on your income and ability to repay.

What are the requirements to qualify for a short-term loan?

To qualify for a short-term loan, you usually need to be at least 18 years old, have a valid ID, proof of income, a bank account, and a reachable contact number. Different lenders have different requirements, so it's important to check the specific criteria of the lender you are considering.

How quickly can I receive funds from a short-term loan?

The speed at which you can receive funds from a short-term loan is one of its key benefits. Many lenders offer same-day or next-day disbursement once your application is approved and you have signed the loan agreement.

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Lorton ZIP Codes

22060
22079