Payday Loans in Daleville, Alabama

Things happen, and we usually end up in a situation where we have to pay for some unexpected expenses. Consider submitting an application for a payday advance loan in Daleville, AL, to see if you meet the requirements.

The loan process is swift and effortless. To qualify, you have to satisfy a couple of basic conditions.

What is a Cash Advance Loan? What Can It Cover?

A payday loan is where the borrower will be extended a petite amount of money on a short-term contract. This is considered an unsecured loan because no collateral is required.

When unforeseen bills arise, like late rent or utility costs, car fixes, health or vet fees, and so forth, people usually rely upon payday loans.

Payday Advance Loan Stipulations In Daleville, Alabama

In Daleville, Alabama, payday loan borrowers must meet several requirements to qualify for a loan.

The borrower must:

• Show proof that they reside in Daleville, AL
• Must be 18 years of age
• Have a steady stream of income that they can prove that's at least $1,000/month
• Provide active contact details like cell phone number and email address
• Provide their SSN

If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Ensure that you have the documents required when applying.

Laws and Rules Regarding Cash Advance Loans in Daleville, Alabama

The State of Alabama has deemed cash advance lending legal. Although, they have created the following rules and laws for the payday lending market:

• An individual lender can't extend a loan greater than $600. Borrowers may not have more than two outstanding loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Alabama, borrowers cannot rollover their loans.
• The fees and charges change for each loan lender. The service costs enacted by the lender on a cash advance loan are not considered interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
• An interest rate must be mutually agreed upon. APR can range up to 369%.

Will Cash Advance Lenders in Daleville, AL, Run Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, but, even if you have no credit or bad credit, you might still be approved for a loan provided you can prove that you are able to repay the loan. Lenders are generally unconcerned about your credit if you provide proof of income and a plan to repay the loan.

Lenders will conduct a soft credit pull, which will not impact your credit score. This is only to get a look at your credit history and basic information.

A hard credit check, on the other hand, must have your explicit consent. These credit inquiries are utilized for a plethora of purposes, including mortgages, credit card applications, and more.

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

So, when you apply for a loan, albeit in person or online, double check that you have your income information ready and any other documents verifying that you can repay the loan. The more evidence you provide, the better chance your loan application will be approved.

When Will I Receive My Cash in Daleville, AL?

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

Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not receive your money until Monday.

If you're wanting a same-day payday loan in Daleville, 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 time. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your cash on the same day that you submit your application.

One more consideration that you should know is despite if the money lender grants your loan request and posts the credit to your bank account, sometimes the bank won't release that credit immediately. It's important to let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the deposit earlier.

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

Think About Working With Us

If you have poor credit or no credit and are wanting to get a payday advance loan, consider applying through us, as you probably have a higher chance of approval.

We work with more than one hundred different lenders who provide their services online. Frequently you will receive your cash on the following business day so make sure that you plan correctly.

However, you can always find the nearest payday loan storefront to you and apply in person to boost the chances of seeing your loan on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may require proof of address, so bring a utility bill to the store as well.

To find the nearest cash advance loan store, please refer to the list below and locate your city.

Payday Loan Direct Lender Companies in Daleville, AL

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