- Payday loans in Wartrace follow Tennessee law (Deferred Presentment Services Act (TCA Title 45, Chapter 17)).
- Borrowing $300 at the state maximum costs 15% of the check amount.
- The nearest larger city is Shelbyville, about 7 miles away.
Wartrace at a glance
| Wartrace | |
|---|---|
| Population (2024 Census estimate) | 670 |
| Change since 2020 | +1.5% (growing) |
| County | Bedford County |
| Size rank among 326 Tennessee places we cover | 265th |
| Nearest larger city | Shelbyville (about 7 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Bedford County | 1 |
| Other towns within 25 miles | 10 (about 236,031 residents) |
| Typical payday APR statewide (CRL 2023) | 460% |
There is no separate Wartrace payday law: Tennessee rules apply here, and any lender serving Wartrace residents, online or in person, needs a license from the Tennessee Department of Financial Institutions.
Credit unions near Wartrace
No credit union has its main office in Wartrace, but these are based elsewhere in Bedford County (NCUA, June 2026):
- Heritage South Community CU in Shelbyville (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
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Payday loan rules that apply in Wartrace
In short, Tennessee rules that cover Wartrace include: maximum: $500 in total outstanding checks; maximum fee: 15% of the face amount of the check; loan term: up to 31 days. See the full Tennessee payday loan rules.
What a $300 loan costs in Wartrace
The Center for Responsible Lending put the typical APR on a $400 payday loan in Tennessee at 460% (June 2023). For $300 at the state maximum, expect 15% of the check amount. Check any offer with our payday loan calculator.
Other help in Bedford County before you borrow
Before a payday loan, Wartrace residents can usually find something cheaper:
- Local assistance through 211 covering Bedford County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Wartrace
- Bell Buckle · 5 mi
- Shelbyville · 7 mi
- Tullahoma · 12 mi
- Manchester · 15 mi
- Estill Springs · 21 mi
- Chapel Hill · 22 mi
The nearest larger city is Shelbyville, about 7 miles away. See all 326 Tennessee cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Wartrace?
Yes. Payday loans are legal in Wartrace under Tennessee state law, and lenders must be licensed by the Tennessee Department of Financial Institutions.
How much does a payday loan cost in Wartrace?
At Tennessee’s maximum fee, borrowing $300 costs 15% of the check amount. The typical statewide APR was 460% in 2023.
Where is the nearest credit union to Wartrace?
No credit union is headquartered in Wartrace, but Heritage South Community CU is based in Shelbyville, also in Bedford County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Tennessee — Consumer notice, Deferred Presentment Services Act
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary