Payday Loans in Greenville, Alabama

Events happen, and we usually wind up in a place where we must pay for some unforeseen bills. Think about submitting an application for a paycheck advance loan in Greenville, Alabama, to see if you qualify.

The loan application process is swift and straightforward. To qualify, loan borrowers must satisfy a couple of straightforward conditions.

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

A paycheck advance loan is where the borrower will receive a small sum of funds on a short-term agreement. This is deemed to be an unsecured personal loan due to the fact that no collateral is needed.

When unforeseen financial needs present themselves, like past due rent or utility fees, vehicle costs, health or vet expenditures, and so forth, individuals frequently turn to payday advance loans.

Paycheck Advance Loan Stipulations In Greenville, Alabama

In Greenville, Alabama, payday advance loan borrowers are required to satisfy several criteria to be eligible for a loan.

The borrower has to:

• Provide proof that they reside in Greenville, Alabama
• Must be 18 or older
• Have a steady income that they can provide proof of being at least $1,000/month
• Give active contact information including cell phone number and email address
• Give their SSN

If a borrower does not meet the above rules, they will immediately be denied a payday advance loan. Make sure you have the documentation required when submitting your application.

Laws and Rules Regarding Cash Advance Loans in Greenville, Alabama

Alabama has deemed paycheck advance lending legal. Still, they have enacted the following rules and laws for the payday lending market:

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

Will Payday Advance Lenders in Greenville, Alabama, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, but, even if you possess no credit or less than optimal credit, you might still be approved for a loan provided you can prove that you are able to repay the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a plan to repay the loan.

Lenders will perform a soft credit pull, 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 check, on the other hand, requires your permission. These credit pulls are performed for various purposes, such as mortgages, credit cards, and more.

You might still qualify for a payday advance loan with less than great credit in Greenville, AL, if you can prove you will repay the loan.

So, when you request a loan, albeit in person or online, make sure that you have your income information ready and any other documents verifying that you can pay back the loan. The more proof you provide, the more likely your loan request will be granted.

When Will I Receive My Loan in Greenville, Alabama?

When you see your cash really relies on the 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 receive an approval.

Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not get your money until Monday.

If you're needing a same-day cash advance loan in Greenville, 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 cut-off. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you see your loan on the same day that you submit your application.

One other consideration that you should know is even if the lender approves your application and posts the credit to your bank, occasionally the bank won't release that deposit right away. It's important to let your bank know that you plan to get a paycheck advance loan, so they could possibly make an exception in releasing the loan earlier.

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

Consider Working With Us

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

We partner with hundreds of different lenders who provide their services online. Frequently you will receive your funds on the following business day so ensure that you plan correctly.

Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to strengthen the chances of seeing your money on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may request proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Greenville, AL

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