Payday Loans in Clearwater, Florida
Life happens, and we usually wind up in a place where we have to cover some surprise costs. Consider submitting an application for a payday loan in Clearwater, FL, to see if you meet the requirements.
The loan request process is quick and simple. To be qualified, borrowers have to satisfy a few general conditions.
What is a Payday Loan? What Can It Pay For?
A payday advance loan is where the borrower will receive a petite amount of cash on a short-term basis. This is thought of as an unsecured loan as no collateral is required.
When unexpected bills arise, like past due rent or utility costs, vehicle fixes, health or vet costs, and so forth, people frequently turn to payday advance loans.
Cash Advance Loan Requirements In Clearwater, Florida
In Clearwater, FL, payday loan borrowers must meet several criteria to qualify for a loan.
The borrower is required to:
- Show proof that they live in Clearwater, Florida
- Must be 18 years old
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Give up-to-date contact information including cell phone number and email address
- Give their social security number
If a borrower does not meet the above requirements, they will immediately be denied a cash advance loan. Make sure you possess the documents needed when submitting your application.
Laws and Regulations Concerning Payday Advance Loans in Clearwater, FL
Florida has deemed cash advance lending legal. Still, they have set the below rules and regulations for the cash advance lending market:
- A single money lender can't offer a loan greater than $600. Borrowers may not possess greater than two unpaid 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 the State of Florida, borrowers may not rollover their loans.
- The fees and charges vary for each loan lender. The service fees charged by the lender on a cash advance loan do not fall under interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually agreed upon. APR can range up to 369%.
Will Payday Advance Lenders in Clearwater, Florida, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, but, even if you have no credit or less than optimal credit, you may still be eligible for a loan as long as you can prove that you are able to pay back the loan. Lenders are usually unbothered by your credit if you provide proof of income and a plan to repay the loan.
Lenders will use a soft credit pull, which will have no impact on your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit check, on the other hand, requires your permission. These credit checks are done for various purposes, such as mortgages, credit cards, and more.
You can still qualify for a paycheck advance loan with poor credit in Clearwater, FL, if you can prove you will repay the loan.
So, when you request a loan, albeit in person or online, double check that you have your income information ready and any other documents verifying that you can repay the loan. The more proof you possess, the more likely your loan application will be approved.
When Will I See My Funds in Clearwater, Florida?
When you see your loan really relies on your lender as some lenders offer same-day cash advance loans, which means you will receive your payday advance loan on the same day you apply, as long as you receive an approval.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your deposit until Monday.
If you're looking for a same-day payday advance loan in Clearwater, Florida, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will boost the likelihood that you see your cash on the same day that you apply.
One additional consideration that you should know is even if the lender approves your application and posts the deposit to your bank account, sometimes the bank won't release that loan right away. It's vital that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to get your loan on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Working With PaydayLoanRadar
If you have underwhelming credit or no credit and are looking to get a payday loan, consider applying with us, as you frequently have a higher chance of approval.
We partner with hundreds of different lenders who offer their services online. Much of the time you will see your deposit on the next business day so make sure that you plan correctly.
Although, you can always find the closest cash advance loan storefront to you and apply in person to increase the chances of getting your money 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. Now and again, lenders may require proof of address, so take along a utility bill to the store as well.
To find the nearest payday loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in Clearwater, FL
Below you will find a list of payday loan companies offering their services in Clearwater, Florida. If you can't find a lender near your location in Clearwater, 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 Clearwater, 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.