Payday Loans in Brandon, Florida
Things happen, and we usually end up in a situation where we must pay for some unexpected expenses. Think about applying for a payday advance loan in Brandon, FL, to see if you qualify.
The loan request process is fast and effortless. To be eligible, you must satisfy a few straightforward 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 petite amount of funds on a short-term agreement. This is deemed to be an unsecured loan because no collateral is expected.
When surprise bills present themselves, for example missed rent or utility expenditures, car repairs, health or vet fees, and so on, individuals commonly seek out payday loans.
Paycheck Advance Loan Stipulations In Brandon, FL
In Brandon, FL, paycheck advance loan borrowers are required to satisfy a few stipulations to be eligible for a loan.
The borrower has to:
- Prove that they reside in Brandon, Florida
- Must be at least 18
- Have a steady income that they can prove that's at least $1,000 per month
- Give current contact information such as cell phone number and email address
- Provide their SSN
If a borrower does not satisfy the above criteria, they will automatically be denied a payday loan. Make sure you can provide the documentation required when requesting a loan.
Laws and Rules Concerning Payday Advance Loans in Brandon, Florida
The State of Florida has ruled paycheck advance lending legal. Although, they have set the below rules and laws for the payday lending market:
- An individual lender can't extend a loan in excess of $600. Borrowers are not allowed to have more than two active 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 the State of Florida, borrowers cannot rollover their loans.
- The fees and charges are different for each lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate must be mutually decided upon. APR can be as much as 369%.
Will Cash Advance Lenders in Brandon, FL, Run Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, still, even if you have no credit or dismal credit, you may still be approved for a loan given that you can show that you can repay the loan. Lenders are usually unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will perform a soft credit check, which will not impact your credit score. This is only to get a feel of your credit history and basic information.
A hard credit pull, alternatively, must have your explicit consent. These credit inquiries are done for a plethora of purposes, such as mortgages, credit card applications, and more.
You might still qualify for a paycheck advance loan with poor credit in Brandon, Florida, as long as you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information available and any other documents proving that you can pay back the loan. The more proof you provide, the more likely your loan request will be granted.
When Will I Receive My Money in Brandon, FL?
When you receive your money truly depends on the lender as some lenders advertise same-day payday advance loans, which means you will get your cash advance loan on the same day you submit your application, as long as you're approved.
Most of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses generally 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 searching for a same-day cash advance loan in Brandon, Florida, you will need to ensure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will increase the likelihood that you get your money on the same day that you apply.
One more consideration that you should be aware of is even if the lender approves your application and posts the loan to your checking account, occasionally the bank won't release that deposit immediately. It's important to let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the deposit earlier.
On the whole, it's best to prepare in advance to get cash on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Borrowing From Us
If you have less than great credit or no credit and are wanting to secure a payday advance loan, think about applying through us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Often you will get your loan on the following business day so ensure that you plan appropriately.
Although, you can always locate the closest payday advance loan storefront to you and apply in person to boost the chances of receiving your loan on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may request proof of address, so bring a utility bill to the store too.
To locate the nearest cash advance loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Brandon, FL
Below you will find a list of payday loan companies offering their services in Brandon, Florida. If you can't find a lender near your location in Brandon, consider applying in a nearby city in Florida. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Brandon, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.