Payday Loans in Helena, Alabama

Life happens, and we often find ourselves in a place where we have to cover some unforeseen expenses. Think about applying for a cash advance loan in Helena, AL, to see if you are eligible.

The application process is quick and simple. To qualify, you have to satisfy a few straightforward criteria.

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

A payday advance loan is where the borrower will get a petite sum of funds on a short-term basis. This is thought of as an unsecured loan because no collateral is needed.

When surprise financial needs come up, such as late rent or utility fees, auto fixes, health or vet expenditures, and so on, individuals often seek out payday loans.

Paycheck Advance Loan Stipulations In Helena, AL

In Helena, Alabama, paycheck advance loan borrowers are required to meet several stipulations to be eligible for a loan.

The borrower is required to:

• Prove that they live in Helena, Alabama
• Must be at least 18
• Receive a steady stream of income that they can prove that's at least $1,000 per month
• Provide current contact details such as cell phone number and email address
• Provide their SSN

If a borrower does not meet the above rules, they will immediately be denied a payday advance loan. Ensure that you can provide the documents needed when requesting a loan.

Laws and Regulations Concerning Payday Loans in Helena, Alabama

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

• A single money lender can't offer a loan greater than $600. Borrowers are not allowed to possess more than two unpaid loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the longest 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 fees enacted by the lender on a loan do not fall under interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
• An interest rate must be mutually agreed upon. APR can range up to 369%.

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

Yes, the lenders we partner with will perform a credit check on you, still, even if you possess no credit or poor credit, you might still be eligible for a loan provided you can show that you can pay back the loan. Lenders are typically unbothered by your credit history if you provide 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 simply to get an idea of your credit history and basic information.

A hard credit pull, alternatively, needs your permission. These credit pulls are performed for various purposes, including mortgages, credit card applications, and more.

You might still qualify for a payday advance loan with less than great credit in Helena, Alabama, as long as you have proof of repayment.

Therefore, when you apply for a loan, albeit in person or online, ensure that you have your income information ready and any other documents proving that you can repay the loan. The more proof you provide, the better chance your loan request will be granted.

When Will I Receive My Cash in Helena, AL?

When you receive your cash really depends on the lender as some lenders offer same-day payday advance loans, which means you will get your cash advance loan on the same day you request a loan, as long as you're approved.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Therefore, if you apply on a Friday, you might not see your money until Monday.

If you're needing a same-day payday loan in Helena, AL, you will need to be sure that you're applying by 10:30 am. All same-day deposits going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you see your funds on the day that you apply.

One other factor that you should understand is even if the money lender approves your application and posts the credit to your checking account, occasionally the bank won't release that credit at that time. It's paramount that you let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the cash earlier.

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

Think About Working With Us

If you possess underwhelming credit or no credit and are looking to secure a cash advance loan, consider applying through us, as you frequently have a higher chance of approval.

We work with more than one hundred different lenders who provide their services online. Frequently you will see your deposit on the following business day so ensure that you plan appropriately.

However, you can always find the nearest payday advance loan storefront to you and apply in person to increase the chances of receiving your funds on the same day. When applying in person, make sure 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 too.

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

Payday Loan Direct Lender Companies in Helena, AL

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