Payday Loans in Fultondale, Alabama

Life happens, and we often wind up in a situation where we have to pay for some unforeseen costs. Think about submitting an application for a cash advance loan in Fultondale, AL, to see if you qualify.

The loan application process is swift and effortless. To qualify, loan borrowers must meet a few basic conditions.

What is a Payday Advance Loan? What Can It Be Used For?

A cash advance loan is where the borrower will receive a petite amount of money on a short-term contract. This is considered an unsecured loan as no collateral is required.

When surprise expenses come up, for example past due rent or utility payments, vehicle fees, medical or vet bills, and so forth, people usually rely upon payday advance loans.

Payday Loan Stipulations In Fultondale, AL

In Fultondale, AL, payday loan borrowers are required to satisfy a few requirements to qualify for a loan.

The borrower must:

• Provide proof that they are a resident of Fultondale, AL
• Must be 18 years old
• Have an income that they can prove that's at least $1,000 per month
• Give up-to-date contact details like 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. Make sure you possess the documents required when requesting a loan.

Laws and Rules Concerning Cash Advance Loans in Fultondale, AL

Alabama has ruled payday advance lending legal. However, they have enacted the following rules and regulations for the cash advance lending industry:

• An individual lender can't extend a loan in excess of $600. Borrowers are not allowed to take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In Alabama, borrowers may not rollover their loans.
• The fees and charges vary for each loan lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can vary between 11-15%.
• An interest rate is required to be mutually settled upon. APR can range up to 369%.

Will Cash Advance Lenders in Fultondale, AL, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will perform a credit check on you, still, even if you have no credit or poor credit, you might still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are usually unbothered by your credit history if you provide proof of income and a strategy to repay the loan.

Lenders will perform a soft credit pull, which will have no impact on your credit score. This is solely to get an idea of your credit history and general information.

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

You can still be approved for a cash advance loan with imperfect credit in Fultondale, AL, if you can prove you will repay the loan.

Therefore, when you request a loan, albeit in person or online, double check that you have your income information available and any other documents proving that you can pay back the loan. The more proof you provide, the more likely your loan application will be approved.

When Will I Get My Loan in Fultondale, AL?

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

Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses often 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 searching for a same-day payday advance loan in Fultondale, AL, you will need to be sure that you're applying by 10:30 am. All same-day payments 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 see your funds on the same day that you submit your application.

One other factor that you should be aware of is despite if the money lender approves your application and posts the funds to your bank account, occasionally the bank won't release that funds right away. It's vital 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 loan earlier.

On the whole, it's best to prepare ahead of time to get cash on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Think About Borrowing From PaydayLoanRadar

If you possess poor credit or no credit and are needing to secure a cash advance loan, consider applying through us, as you usually have a better chance of approval.

We partner with over one hundred different lenders who provide their services online. Much of the time you will see your funds on the next business day so ensure that you plan accordingly.

Although, you can always find the closest payday loan storefront to you and apply in person to strengthen the chances of receiving your cash on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so take along a utility bill to the store too.

To locate the nearest paycheck advance loan storefront, please navigate to the list below and find your city.

Payday Loan Direct Lender Companies in Fultondale, AL

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