Payday Loans in Citrus Springs, Florida
Events happen, and we often end up in a situation where we have to pay for some unexpected bills. Think about applying for a payday loan in Citrus Springs, Florida, to see if you meet the requirements.
The loan request process is quick and simple. To be qualified, you must meet a couple of simple criteria.
What is a Payday Advance Loan? What Can It Cover?
A paycheck advance loan is where the borrower will be extended a small amount of cash on a short-term agreement. This is deemed to be an unsecured personal loan as no collateral is needed.
When surprise financial needs present themselves, such as late rent or utility bills, car bills, medical or vet bills, and so forth, individuals frequently rely upon payday loans.
Paycheck Advance Loan Stipulations In Citrus Springs, FL
In Citrus Springs, Florida, payday advance loan borrowers must meet a few criteria to qualify for a loan.
The borrower must:
- Provide proof that they live in Citrus Springs, Florida
- Must be at least 18
- Receive an income that they can provide proof of being at least $1,000 per month
- Give active contact information like cell phone number and email address
- Give their social security number
If a borrower does not meet the above criteria, they will automatically be denied a paycheck advance loan. Ensure that you have the documents needed when requesting a loan.
Laws and Regulations Regarding Payday Advance Loans in Citrus Springs, Florida
Florida has deemed paycheck advance lending legal. However, they have enacted the below rules and regulations for the paycheck advance lending industry:
- An individual lender cannot offer a loan for more than $600. Borrowers may not take out more than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In Florida, borrowers cannot rollover their loans.
- The fees and charges are different for each loan lender. The service costs enacted by lenders on a cash advance loan do not fall under interest. The service fees apply to every $100 loaned and can vary from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Citrus Springs, FL, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will do a credit check on you, but, even if you possess no credit or dismal credit, you may still be eligible for a loan as long as you can prove that you are able to repay the loan. Lenders are generally unbothered by your credit if you possess proof of income and a plan to pay back the loan.
Lenders will perform a soft credit pull, which will have no impact on your credit score. This is only to get a feel of your credit history and general information.
A hard credit inquiry, alternatively, requires your permission. These credit pulls are used for a variety of purposes, including mortgages, credit cards, and more.
You may still qualify for a cash advance loan with less than great credit in Citrus Springs, FL, if you can prove you will repay the loan.
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 verifying that you can pay back the loan. The more proof you provide, the more likely your loan application will be approved.
When Will I See My Cash in Citrus Springs, FL?
When you receive your funds really depends on your lender as some lenders provide same-day payday loans, which means you will get your payday loan on the same day you request a loan, as long as you're approved.
Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you may not receive your deposit until Monday.
If you're needing a same-day cash advance loan in Citrus Springs, FL, 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 cut-off. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your deposit on the day that you apply.
One additional factor that you should know is despite if the lender grants your loan request and posts the credit to your checking account, occasionally the bank won't release that funds at that time. It's vital that you let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the deposit earlier.
Overall, it's best to prepare in advance to receive cash on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Consider Borrowing From Us
If you possess bad credit or no credit and are needing to secure a cash advance loan, consider applying through us, as you frequently have a better chance of approval.
We work with more than one hundred different lenders who provide their services online. Often you will see your cash on the following business day so make sure that you plan accordingly.
However, you can always locate the nearest cash advance loan storefront to you and apply in person to boost the chances of seeing your funds on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.
To find the nearest payday loan storefront, please use the list below and find your city.
Payday Loan Direct Lender Companies in Citrus Springs, FL
Below you will find a list of payday loan companies offering their services in Citrus Springs, Florida. If you can't find a lender near your location in Citrus Springs, 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 Citrus Springs, 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.