Payday Loans in Chickasaw, Alabama

Life happens, and we usually end up in a place where we must pay for some unexpected bills. Consider applying for a cash advance loan in Chickasaw, Alabama, to see if you qualify.

The loan request process is quick and painless. To be eligible, loan borrowers must meet a few simple requirements.

What is a Payday Loan? What Can It Pay For?

A payday loan is where the borrower will get a small sum of funds on a short-term contract. This is thought of as an unsecured personal loan as no collateral is needed.

When unexpected financial needs come up, like late rent or utility payments, vehicle bills, medical or vet payments, and so on, people usually turn to cash advance loans.

Payday Loan Requirements In Chickasaw, AL

In Chickasaw, Alabama, cash advance loan borrowers must satisfy a few requirements to be eligible for a loan.

The borrower has to:

• Show proof that they reside in Chickasaw, Alabama
• Must be 18 years old
• Have a steady stream of income that they can prove that's at least $1,000 per month
• Provide up-to-date contact information including phone number and email address
• Provide their social security number

If a borrower does not satisfy the above requirements, they will immediately be denied a paycheck advance loan. Make sure you can provide the documents required when submitting your application.

Laws and Regulations Concerning Paycheck Advance Loans in Chickasaw, AL

Alabama has ruled cash advance lending legal. However, they have put forth the below rules and regulations for the paycheck advance lending industry:

• An individual lender can't offer a loan in excess of $600. Borrowers cannot possess more than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Alabama, borrowers may not rollover their loans.
• The fees and charges change for each lender. The service costs enacted by the lender on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as high as 369%.

Will Cash Advance Lenders in Chickasaw, Alabama, Complete Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we partner with will complete a credit check on you, but, even if you have no credit or dismal credit, you might still be eligible for a loan provided you can prove that you can repay the loan. Lenders are commonly unbothered by your credit history if you offer proof of income and a plan to repay the loan.

Lenders will rely on a soft credit inquiry, which will have no impact on your credit score. This is simply to get an idea of your credit history and basic information.

A hard credit pull, dissimilarly, requires your permission. These credit checks are used for a variety of purposes, including mortgages, credit card applications, and more.

You might still be approved for a cash advance loan with poor credit in Chickasaw, Alabama, provided that you can prove you will repay the loan.

Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information easily accessible 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 Money in Chickasaw, AL?

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

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

If you're looking for a same-day paycheck advance loan in Chickasaw, AL, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your deposit on the same day that you submit your application.

One other factor that you should understand is even if the lender approves your application and posts the loan to your checking account, occasionally the bank won't release that loan immediately. It's vital that you let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the loan earlier.

On the whole, it's wise to prepare in advance to receive cash on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Borrowing From PaydayLoanRadar

If you have bad credit or no credit and are looking to secure a payday loan, think about applying through us, as you usually have a better chance of approval.

We work with hundreds of different lenders who offer their services online. Most of the time you will get your loan on the following business day so ensure that you plan appropriately.

However, you can always find the nearest payday loan store to you and apply in person to strengthen the chances of receiving your funds on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may require proof of address, so bring a utility bill to the store as well.

To find the nearest cash advance loan storefront, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Chickasaw, AL

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