Payday Loans in Jacksonville, Alabama

Things happen, and we usually end up in a spot where we must cover some surprise bills. Consider applying for a payday loan in Jacksonville, AL, to see if you are eligible.

The loan application process is swift and straightforward. To be qualified, borrowers have to satisfy a couple of straightforward requirements.

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

A cash advance loan is where the borrower will be extended a small amount of money on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is needed.

When surprise expenses present themselves, for example missed rent or utility fees, car fees, health or vet payments, and so on, individuals often turn to payday advance loans.

Payday Loan Requirements In Jacksonville, Alabama

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

The borrower has to:

• Show proof that they are a resident of Jacksonville, Alabama
• Must be 18 years of age
• Receive a steady stream of income that they can provide proof of being at least $1,000 per month
• Provide current contact information including phone number and email address
• Give their SSN

If a borrower does not abide by the above criteria, they will automatically be denied a cash advance loan. Make sure you have the documents required when applying for a loan.

Laws and Rules Regarding Payday Advance Loans in Jacksonville, Alabama

The State of Alabama has ruled payday lending legal. Although, they have set the following rules and regulations for the payday lending market:

• A single lender cannot extend a loan in excess of $600. Borrowers may not have greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of Alabama, borrowers are unable to rollover their loans.
• The fees and charges are different for each lender. The service fees charged by lenders on a loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually decided upon. APR can be as high as 369%.

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

Yes, the lenders we have a relationship with will run a credit check on you, but, even if you have no credit or poor credit, you may still be eligible for a loan given that you can show that you can repay the loan. Lenders are generally unconcerned about your credit history if you provide proof of income and a plan to repay the loan.

Lenders will perform a soft credit inquiry, which will not impact your credit score. This is simply to get a feel of your credit history and general information.

A hard credit inquiry, dissimilarly, must have your explicit consent. These credit inquiries are done for a variety of purposes, such as mortgages, credit card applications, and more.

You can still qualify for a payday loan with poor credit in Jacksonville, Alabama, as long as you have proof of repayment.

So, when you apply, albeit in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more evidence you have, the better chance your loan request will be granted.

When Will I Receive My Cash in Jacksonville, AL?

When you see your cash actually relies on your lender as some lenders provide same-day cash advance loans, which means you will get your payday advance loan on the same day you request a loan, as long as you're approved.

Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not see your money until Monday.

If you're looking for a same-day cash advance loan in Jacksonville, AL, you will need to be sure that you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will boost the likelihood that you get your loan on the day that you submit your application.

One other factor that you should be aware of is even if the money lender approves your application and posts the deposit to your bank account, sometimes the bank won't release that credit 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 funds earlier.

Overall, it's best to prepare ahead of time to receive your loan on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Consider Working With Us

If you possess underwhelming credit or no credit and are looking to get a payday advance loan, think about applying through us, as you probably have a higher chance of approval.

We partner with more than one hundred different lenders who provide their services online. Often you will see your cash on the next business day so ensure that you plan correctly.

Although, you can always find the closest payday loan store to you and apply in person to increase the chances of seeing your cash on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Jacksonville, AL

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