Payday Loans in Dade City, Florida
Things happen, and we usually find ourselves in a spot where we have to cover some surprise costs. Consider submitting an application for a payday advance loan in Dade City, FL, to see if you are eligible.
The loan request process is fast and simple. To be eligible, loan borrowers have to satisfy a few general criteria.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will get a small amount of money on a short-term basis. This is considered an unsecured loan as no collateral is required.
When unexpected financial needs arise, like past due rent or utility expenditures, vehicle fixes, health or vet bills, and so on, people commonly turn to payday loans.
Payday Advance Loan Stipulations In Dade City, Florida
In Dade City, Florida, paycheck advance loan borrowers are required to satisfy a few requirements to qualify for a loan.
The borrower is required to:
- Show proof that they live in Dade City, Florida
- Must be 18 years of age
- Have a steady stream of income that they can prove that's at least $1,000/month
- Give current contact information such as cell phone number and email address
- Give their social security number
If a borrower does not meet the above criteria, they will immediately be denied a cash advance loan. Make sure you possess the documentation needed when submitting your application.
Laws and Regulations Regarding Payday Advance Loans in Dade City, FL
Florida has deemed paycheck advance lending legal. However, they have created the following rules and regulations for the payday advance lending industry:
- A single lender can't offer a loan for more than $600. Borrowers may not have greater than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Florida, borrowers are unable to rollover their loans.
- The fees and charges vary for each money lender. The service costs charged by lenders on a payday 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 decided upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Dade City, Florida, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will perform a credit check on you, but, even if you possess no credit or dismal credit, you might 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 plan to repay the loan.
Lenders will perform a soft credit check, which will have no impact on your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit check, on the other hand, requires your explicit consent. These credit pulls are performed for a plethora of purposes, including mortgages, credit card applications, and more.
You might still be approved for a cash advance loan with less than great credit in Dade City, FL, provided that you can prove you will repay the loan.
Therefore, when you apply for a loan, albeit in person or online, double check that you have your income information available and any other documents verifying that you can pay back the loan. The more proof you show, the more likely your loan application will be approved.
When Will I See My Money in Dade City, Florida?
When you see your loan really relies on the 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're approved.
Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Therefore, if you apply on a Friday, you may not get your deposit until Monday.
If you're searching for a same-day cash advance loan in Dade City, FL, you will need to be sure that you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will boost the likelihood that you see your funds on the day that you apply.
One other 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 deposit right away. It's paramount that you let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the funds earlier.
On the whole, it's wise to prepare in advance to get your funds on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Consider Working With Us
If you possess bad credit or no credit and are wanting to get a payday advance loan, think about applying with us, as you probably have a higher chance of approval.
We work with more than one hundred different lenders who provide their services online. Often you will see your loan on the following business day so make sure that you plan appropriately.
Although, you can always find the nearest payday advance loan store to you and apply in person to boost the chances of receiving your cash on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest cash advance loan storefront, please use the list below and search for your city.
Payday Loan Direct Lender Companies in Dade City, FL
Below you will find a list of payday loan companies offering their services in Dade City, Florida. If you can't find a lender near your location in Dade City, 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 Dade City, 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.