Payday Loans in Anniston, Alabama

Life happens, and we usually end up in a situation where we have to pay for some unforeseen expenses. Consider submitting an application for a paycheck advance loan in Anniston, Alabama, to see if you meet the requirements.

The application process is swift and straightforward. To be eligible, loan borrowers must meet a couple of general criteria.

What is a Paycheck Advance Loan? What Can It Be Put Towards?

A paycheck advance loan is where the borrower will receive a petite sum of cash on a short-term agreement. This is considered an unsecured personal loan as no collateral is required.

When surprise bills arise, for example past due rent or utility costs, auto repairs, medical or vet costs, and so forth, individuals often turn to payday advance loans.

Cash Advance Loan Criteria In Anniston, Alabama

In Anniston, AL, payday loan borrowers are required to satisfy a few requirements to be eligible for a loan.

The borrower has to:

• Prove that they reside in Anniston, Alabama
• Must be 18 years old
• Have a steady income that they can prove that's at least $1,000 per month
• Provide active contact information including cell phone number and email address
• Give their SSN

If a borrower does not abide by the above criteria, they will immediately be denied a payday loan. Ensure that you have the documents needed when applying.

Laws and Rules Regarding Cash Advance Loans in Anniston, AL

Alabama has deemed payday lending legal. However, they have enacted the below rules and regulations for the payday lending market:

• An individual lender cannot offer a loan greater than $600. Borrowers cannot have greater than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In Alabama, borrowers cannot rollover their loans.
• The fees and charges change for each lender. The service costs enacted by the lender on a loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate must be mutually decided upon. APR can be as high as 369%.

Will Cash Advance Lenders in Anniston, AL, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will perform a credit check on you, still, even if you have no credit or less than stellar credit, you may still be approved for a loan provided you can show that you can pay back the loan. Lenders are usually unconcerned about your credit if you possess proof of income and a plan to pay back the loan.

Lenders will rely on a soft credit inquiry, which will not impact your credit score. This is only to get a look at your credit history and general information.

A hard credit pull, alternatively, requires your permission. These credit inquiries are used for a variety of purposes, including mortgages, credit cards, and more.

You can still be approved for a payday advance loan with less than great credit in Anniston, Alabama, as long as you can prove you will repay the loan.

Therefore, when you apply, albeit in person or online, ensure that you have your income information available and any other documents proving that you can repay the loan. The more evidence you show, the more likely your loan application will be approved.

When Will I Get My Deposit in Anniston, Alabama?

When you receive your funds truly depends on your lender as some lenders provide same-day payday advance loans, which means you will see your payday loan on the same day you submit your application, as long as you receive an approval.

Much of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you may not see your cash until Monday.

If you're looking for a same-day cash advance loan in Anniston, Alabama, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will boost the likelihood that you get your funds on the same day that you apply.

One additional factor that you should know is despite if the lender grants your loan request and posts the credit to your bank account, occasionally the bank won't release that deposit right away. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the money earlier.

Overall, it's best to prepare ahead of time to receive your deposit on the next business day. That way, you're not out of luck if you cannot receive it on the same day.

Consider Borrowing From PaydayLoanRadar

If you have underwhelming credit or no credit and are needing to get a payday advance loan, think about applying through us, as you probably have a higher chance of approval.

We work with over one hundred different lenders who offer their services online. Much of the time you will see your cash on the following business day so ensure that you plan appropriately.

However, you can always locate the nearest paycheck advance loan storefront to you and apply in person to increase the chances of seeing your cash on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so bring a utility bill to the store too.

To locate the nearest payday advance loan store, please use the list below and find your city.

Payday Loan Direct Lender Companies in Anniston, AL

Below you will find a list of payday loan companies offering their services in Anniston, Alabama. If you can't find a lender near your location in Anniston, consider applying in a nearby city in Alabama. Alternatively, you can apply online on our website and get a decision almost instantly.