Payday Loans in Harvest, Alabama

Things happen, and we usually find ourselves in a situation where we have to cover some surprise costs. Think about submitting an application for a payday loan in Harvest, Alabama, to see if you meet the requirements.

The application process is swift and straightforward. To be qualified, you have to meet a couple of general criteria.

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

A cash advance loan is where the borrower will be extended a small amount of money on a short-term basis. This is deemed to be an unsecured personal loan because no collateral is required.

When unforeseen expenses arise, such as past due rent or utility expenditures, auto repairs, medical or vet bills, and so forth, people commonly rely upon paycheck advance loans.

Paycheck Advance Loan Stipulations In Harvest, AL

In Harvest, Alabama, paycheck advance loan borrowers need to meet a few stipulations to be eligible for a loan.

The borrower must:

• Prove that they are a resident of Harvest, Alabama
• Must be 18 years of age
• Receive an income that they can prove that's at least $1,000 per month
• Give active contact details like cell phone number and email address
• Give their SSN

If a borrower does not meet the above criteria, they will immediately be denied a cash advance loan. Make sure you have the documents required when requesting a loan.

Laws and Rules Concerning Cash Advance Loans in Harvest, AL

Alabama has ruled payday advance lending legal. Although, they have enacted the following rules and laws for the payday lending market:

• An individual lender cannot offer a loan for more than $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 are not allowed to rollover their loans.
• The fees and charges are different for each loan lender. The service fees enacted by the lender on a cash advance loan do not fall under interest. The service fees apply to every $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually decided upon. APR can be as much as 369%.

Will Payday Lenders in Harvest, Alabama, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, but, even if you have no credit or less than stellar credit, you might still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are typically unconcerned about your credit history if you possess proof of income and a strategy to repay the loan.

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

A hard credit inquiry, alternatively, needs your explicit consent. These credit pulls are done for various purposes, such as mortgages, credit card applications, and more.

You may still qualify for a payday loan with imperfect credit in Harvest, AL, as long as you can prove you will repay the loan.

So, when you apply, albeit in person or online, make sure that you have your income information at hand and any other documents verifying that you can repay the loan. The more evidence you possess, the better chance you are to be approved.

When Will I See My Funds in Harvest, AL?

When you receive your funds actually depends on your lender as some lenders provide same-day paycheck advance loans, which means you will see your cash advance 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 generally close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not see your money until Monday.

If you're searching for a same-day payday advance loan in Harvest, AL, 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 deadline. However, you should apply earlier than that if able, as it will increase the likelihood that you receive your money on the day that you submit your application.

One more factor that you should be aware of is even if the lender grants your loan request and posts the credit to your bank account, occasionally the bank won't release that funds right away. It's important to let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the money earlier.

On the whole, it's wise to prepare ahead of time to receive your funds on the following business day. That way, you're not out of luck 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 paycheck advance loan, think about applying through us, as you most likely have a higher chance of approval.

We partner with over one hundred different lenders who provide their services online. Much of the time you will see your cash on the following business day so make sure that you plan correctly.

However, you can always find the closest paycheck advance loan store to you and apply in person to boost the chances of seeing your cash 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. Occasionally, lenders may request proof of address, so bring 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 Harvest, AL

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