Payday Loans in Athens, Alabama

Life happens, and we often find ourselves in a spot where we have to cover some surprise expenses. Think about submitting an application for a cash advance loan in Athens, Alabama, to see if you are eligible.

The loan request process is fast and straightforward. To be qualified, loan borrowers must satisfy a couple of general conditions.

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

A cash advance loan is where the borrower will get a small amount of funds on a short-term basis. This is thought of as an unsecured personal loan as no collateral is required.

When surprise bills present themselves, like late rent or utility costs, vehicle fees, health or vet bills, and so forth, individuals often rely upon cash advance loans.

Cash Advance Loan Criteria In Athens, Alabama

In Athens, Alabama, payday advance loan borrowers need to satisfy a few requirements to qualify for a loan.

The borrower must:

• Show proof that they reside in Athens, Alabama
• Must be at least 18
• Have an income that they can prove that's at least $1,000/month
• Provide active contact information such as phone number and email address
• Provide their SSN

If a borrower does not abide by the above requirements, they will automatically be denied a payday advance loan. Make sure you possess the documents needed when applying.

Laws and Regulations Concerning Cash Advance Loans in Athens, AL

Alabama has ruled payday lending legal. Although, they have set the below rules and regulations for the payday advance lending market:

• A single money lender can't extend a loan greater than $600. Borrowers may not take out more than two outstanding 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 the State of Alabama, borrowers may not rollover their loans.
• The fees and charges change for each loan lender. The service fees enacted by lenders on a loan do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
• An interest rate is required to be mutually decided upon. APR can be as high as 369%.

Will Payday Advance Lenders in Athens, AL, Complete Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will complete a credit check on you, still, even if you have no credit or dismal credit, you might still be eligible for a loan given that you can show that you can pay back the loan. Lenders are generally unconcerned about your credit history if you possess proof of income and a strategy to pay back the loan.

Lenders will use a soft credit inquiry, which will not impact your credit score. This is solely to get a look at your credit history and basic information.

A hard credit check, dissimilarly, needs your permission. These credit inquiries are utilized for a plethora of purposes, including mortgages, credit cards, and more.

You may still qualify for a paycheck advance loan with poor credit in Athens, Alabama, as long as you can prove you will repay the loan.

Therefore, when you apply for a loan, albeit in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more proof you possess, the more likely your loan application will be approved.

When Will I Receive My Money in Athens, AL?

When you get your cash actually relies on your lender as some lenders provide same-day cash advance loans, which means you will see your payday loan on the same day you request a loan, as long as you get an approval.

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

If you're wanting a same-day paycheck advance loan in Athens, Alabama, you will need to be sure that you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you get your cash on the day that you apply.

One additional factor that you should know is despite if the money lender approves your application and posts the funds to your bank, sometimes the bank won't release that credit right away. It's paramount that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the cash earlier.

Overall, it's wise to prepare in advance to get your loan on the next business day. That way, you're not out of luck if you cannot receive it on the same day.

Think About Borrowing From Us

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

We partner with over one hundred different lenders who offer their services online. Often you will receive your deposit on the next business day so ensure that you plan correctly.

Although, you can always locate the closest cash advance loan storefront to you and apply in person to increase the chances of receiving your loan on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may require proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Athens, AL

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