Payday Loans in Orange Beach, Alabama

Life happens, and we usually wind up in a place where we have to cover some unexpected bills. Think about submitting an application for a payday advance loan in Orange Beach, Alabama, to see if you qualify.

The application process is fast and painless. To be eligible, borrowers have to satisfy a couple of basic requirements.

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

A cash advance loan is where the borrower will be extended a small sum of funds on a short-term basis. This is deemed to be an unsecured loan due to the fact that no collateral is required.

When unforeseen financial needs come up, for example past due rent or utility payments, car bills, medical or vet fees, and so forth, people often turn to paycheck advance loans.

Paycheck Advance Loan Requirements In Orange Beach, AL

In Orange Beach, Alabama, cash advance loan borrowers need to meet several requirements to qualify for a loan.

The borrower has to:

• Provide proof that they reside in Orange Beach, AL
• Must be at least 18
• Receive a steady income that they can provide proof of being at least $1,000/month
• Give active contact details such as cell phone number and email address
• Give their social security number

If a borrower does not abide by the above requirements, they will immediately be denied a payday loan. Ensure that you possess the documents required when applying.

Laws and Regulations Regarding Paycheck Advance Loans in Orange Beach, Alabama

Alabama has ruled cash advance lending legal. Although, they have created the below rules and laws for the payday lending market:

• An individual money lender cannot offer a loan greater than $600. Borrowers are not allowed to possess more than two outstanding loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Alabama, borrowers are unable to rollover their loans.
• The fees and charges vary for each loan lender. The service costs charged by the lender on a payday loan are not considered interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
• An interest rate is required to be mutually decided upon. APR can range up to 369%.

Will Payday Lenders in Orange Beach, Alabama, Perform Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will perform a credit check on you, but, even if you possess no credit or poor credit, you may still be eligible for a loan given that you can show that you are able to pay back the loan. Lenders are typically unbothered by your credit history if you possess proof of income and a strategy to pay back the loan.

Lenders will rely on 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 general information.

A hard credit check, alternatively, must have your explicit consent. These credit pulls are used for a plethora of purposes, such as mortgages, credit card applications, and more.

You might still be approved for a cash advance loan with poor credit in Orange Beach, Alabama, if you have proof of repayment.

So, when you request a loan, whether it is in person or online, make sure that you have your income information at hand and any other documents showing that you can repay the loan. The more proof you show, the better chance you are to be approved.

When Will I Get My Money in Orange Beach, AL?

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

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. Therefore, if you apply on a Friday, you may not see your funds until Monday.

If you're searching for a same-day payday loan in Orange Beach, AL, you will need to be sure that 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 submit an application earlier than that if possible, as it will boost the likelihood that you see your money on the same day that you submit your application.

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

Overall, it's wise to prepare ahead of time to get cash on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you have underwhelming credit or no credit and are needing to secure a paycheck advance loan, consider applying through us, as you frequently have a better chance of approval.

We partner with hundreds of different lenders who provide their services online. Much of the time you will receive your money on the following business day so make sure that you plan correctly.

However, you can always locate the closest cash advance loan storefront to you and apply in person to strengthen the chances of receiving your cash on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may require proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Orange Beach, AL

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