Payday Loans in Gardendale, Alabama

Events happen, and we usually end up in a place where we must pay for some unexpected costs. Think about applying for a cash advance loan in Gardendale, AL, to see if you qualify.

The loan request process is swift and straightforward. To qualify, you have to satisfy a few basic criteria.

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

A payday loan is where the borrower will receive a petite sum of cash on a short-term contract. This is deemed to be an unsecured personal loan as no collateral is expected.

When unexpected expenses come up, such as missed rent or utility expenditures, car fees, medical or vet payments, and so forth, individuals often seek out payday loans.

Paycheck Advance Loan Stipulations In Gardendale, Alabama

In Gardendale, AL, cash advance loan borrowers are required to meet a few stipulations to qualify for a loan.

The borrower is required to:

• Provide proof that they live in Gardendale, AL
• Must be 18 or older
• Receive a steady income that they can prove that's at least $1,000 per month
• Give current contact details including phone number and email address
• Provide their SSN

If a borrower does not abide by the above rules, they will automatically be denied a paycheck advance loan. Make sure you have the documents needed when requesting a loan.

Laws and Rules Concerning Payday Advance Loans in Gardendale, Alabama

Alabama has ruled cash advance lending legal. Although, they have set the below rules and laws for the payday lending industry:

• A single money lender can't offer a loan greater than $600. Borrowers are not allowed to take out greater than two outstanding loans from different lenders. There is no smallest 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 change for each loan 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 vary from 11% up to 15%.
• An interest rate is required to be mutually agreed upon. APR can be as much as 369%.

Will Paycheck Advance Lenders in Gardendale, AL, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we work with will complete a credit check on you, but, even if you possess no credit or less than stellar credit, you might still be eligible for a loan given that you can show that you are able to repay the loan. Lenders are usually unconcerned about your credit if you offer proof of income and a strategy to pay back the loan.

Lenders will rely on a soft credit pull, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.

A hard credit inquiry, dissimilarly, requires your explicit consent. These credit pulls are performed for a variety of purposes, such as mortgages, credit cards, and more.

You may still qualify for a cash advance loan with poor credit in Gardendale, Alabama, provided that you can prove you will repay the loan.

So, when you request a loan, albeit in person or online, ensure that you have your income information easily accessible and any other documents showing that you can repay the loan. The more evidence you show, the better chance you are to be approved.

When Will I Receive My Cash in Gardendale, Alabama?

When you see your deposit really depends on your lender as some lenders offer same-day cash advance loans, which means you will receive your cash advance loan on the same day you request a loan, 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 often 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 cash advance loan in Gardendale, Alabama, you will need to make sure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will increase the likelihood that you see your money on the same day that you apply.

One other consideration that you should know is even if the money lender grants your loan request and posts the deposit to your checking account, sometimes the bank won't release that deposit right away. It's paramount that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the deposit earlier.

On the whole, it's best to prepare in advance to get your funds on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.

Consider Borrowing From Us

If you have less than great credit or no credit and are searching to secure a payday advance loan, consider applying through us, as you frequently have a better chance of approval.

We work with more than one hundred different lenders who offer their services online. Much of the time you will receive your money on the next business day so ensure that you plan correctly.

However, you can always locate the closest 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, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so bring a utility bill to the store as well.

To locate the nearest payday advance loan store, please refer to the list below and search for your city.

Payday Loan Direct Lender Companies in Gardendale, AL

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