Payday Loans in Robertsdale, Alabama

Things happen, and we usually end up in a place where we have to pay for some unexpected costs. Consider applying for a cash advance loan in Robertsdale, Alabama, to see if you qualify.

The loan request process is fast and straightforward. To qualify, borrowers have to satisfy a couple of basic conditions.

What is a Cash Advance Loan? What Can It Be Used For?

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

When surprise bills arise, such as missed rent or utility fees, auto bills, medical or vet costs, and so on, individuals frequently turn to paycheck advance loans.

Payday Advance Loan Criteria In Robertsdale, AL

In Robertsdale, Alabama, cash advance loan borrowers are required to satisfy several requirements to qualify for a loan.

The borrower has to:

• Prove that they reside in Robertsdale, Alabama
• Must be 18 years old
• Receive a steady income that they can provide proof of being at least $1,000 per month
• Provide active contact information like cell phone number and email address
• Provide their SSN

If a borrower does not meet the above requirements, they will automatically be denied a cash advance loan. Make sure you have the documents needed when submitting your application.

Laws and Rules Regarding Payday Advance Loans in Robertsdale, Alabama

Alabama has ruled payday advance lending legal. Still, they have put forth the following rules and laws for the payday lending market:

• A single lender can't extend a loan greater than $600. Borrowers cannot take out greater than two active loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of Alabama, borrowers may not rollover their loans.
• The fees and charges change for each money lender. The service costs charged by lenders on a loan do not fall under interest. The service fees apply to every $100 borrowed and can range between 11-15%.
• An interest rate must be mutually decided upon. APR can range up to 369%.

Will Paycheck Advance Lenders in Robertsdale, Alabama, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, still, even if you possess no credit or bad credit, you may still be eligible for a loan as long as you can prove that you can repay the loan. Lenders are commonly unbothered by your credit history if you provide proof of income and a strategy to pay back the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is simply to get an idea of your credit history and basic information.

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

You might still qualify for a payday loan with bad credit in Robertsdale, AL, if you have proof of repayment.

So, when you request a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents proving that you can repay the loan. The more evidence you possess, the better chance your loan application will be approved.

When Will I Get My Loan in Robertsdale, Alabama?

When you see your loan actually relies on your lender as some lenders offer same-day cash advance loans, which means you will see your paycheck advance loan on the same day you request a loan, as long as you receive an approval.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Because of this, if you apply on a Friday, you may not get your cash until Monday.

If you're looking for a same-day paycheck advance loan in Robertsdale, Alabama, you will need to ensure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that time. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your funds on the same day that you apply.

One other consideration that you should know is even if the money lender approves your application and posts the credit to your bank, sometimes the bank won't release that deposit right away. It's important to let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the deposit earlier.

Overall, it's wise to prepare in advance to receive your loan on the next business day. That way, you're not surprised if you cannot get it on the same day.

Consider Borrowing From Us

If you possess less than great credit or no credit and are needing to secure a payday loan, consider applying with us, as you frequently have a higher chance of approval.

We partner with more than one hundred different lenders who offer their services online. Frequently you will get your loan on the following business day so ensure that you plan appropriately.

However, you can always locate the nearest paycheck advance loan storefront to you and apply in person to boost the chances of getting your funds on the same 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. Infrequently, lenders may require proof of address, so take along a utility bill to the store too.

To locate the nearest payday advance loan storefront, please navigate to the list below and find your city.

Payday Loan Direct Lender Companies in Robertsdale, AL

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