Payday Loans in Hartselle, Alabama
Incidents happen, and we often wind up in a place where we must cover some unforeseen bills. Think about submitting an application for a paycheck advance loan in Hartselle, Alabama, to see if you are eligible.
The loan process is quick and simple. To qualify, you have to satisfy a couple of simple criteria.
What is a Payday Loan? What Can It Cover?
A cash advance loan is where the borrower will be extended a petite amount of cash on a short-term agreement. This is deemed to be an unsecured personal loan due to the fact that no collateral is required.
When unexpected costs arise, like past due rent or utility costs, car bills, health or vet fees, and so forth, people often rely upon payday advance loans.
Cash Advance Loan Criteria In Hartselle, Alabama
In Hartselle, AL, paycheck advance loan borrowers must satisfy several criteria to qualify for a loan.
The borrower has to:
- Provide proof that they live in Hartselle, Alabama
- Must be 18 or older
- Have a steady stream of income that they can prove that's at least $1,000/month
- Give up-to-date contact details like cell phone number and email address
- Give their SSN
If a borrower does not meet the above requirements, they will automatically be denied a paycheck advance loan. Ensure that you have the documents needed when submitting your application.
Laws and Regulations Regarding Payday Advance Loans in Hartselle, Alabama
The State of Alabama has deemed payday lending legal. Although, they have put forth the following rules and laws for the payday advance lending industry:
- A single money lender can't extend a loan greater than $600. Borrowers are not allowed to have 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 are not allowed to rollover their loans.
- The fees and charges change for each lender. The service costs charged by the lender on a loan do not fall under interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually agreed upon. APR can range up to 369%.
Will Payday Lenders in Hartselle, Alabama, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we have a relationship with will run a credit check on you, but, even if you possess no credit or less than stellar credit, you might still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are generally unbothered by your credit history if you offer proof of income and a plan to pay back the loan.
Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is only to get an idea of your credit history and basic information.
A hard credit pull, alternatively, must have your permission. These credit inquiries are utilized for various purposes, including mortgages, credit cards, and more.
You can still qualify for a paycheck advance loan with poor credit in Hartselle, AL, if you have proof of repayment.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information ready and any other documents proving that you can repay the loan. The more proof you show, the better chance you are to be approved.
When Will I Get My Cash in Hartselle, AL?
When you receive your loan truly relies on the lender as some lenders advertise same-day payday loans, which means you will receive your paycheck advance loan on the same day you request a loan, as long as you receive an approval.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you may not get your money until Monday.
If you're searching for a same-day cash advance loan in Hartselle, Alabama, 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 deadline. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your money on the day that you submit your application.
One more factor that you should understand is even if the money lender grants your loan request and posts the loan to your bank, occasionally the bank won't release that loan at that time. It's vital that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the deposit earlier.
Overall, it's wise to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Borrowing From Us
If you possess poor credit or no credit and are wanting to secure a payday loan, think about applying with us, as you most likely have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Frequently you will see your money on the next business day so ensure that you plan accordingly.
Although, you can always locate the nearest payday advance loan store to you and apply in person to increase the chances of seeing your funds on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Hartselle, AL
Below you will find a list of payday loan companies offering their services in Hartselle, Alabama. If you can't find a lender near your location in Hartselle, consider applying in a nearby city in Alabama. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Hartselle, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.