Payday Loans in Dunedin, Florida
Things happen, and we usually find ourselves in a place where we must cover some surprise bills. Consider submitting an application for a payday advance loan in Dunedin, FL, to see if you meet the requirements.
The application process is swift and straightforward. To be qualified, loan borrowers have to satisfy a few general requirements.
What is a Payday Loan? What Can It Be Put Towards?
A payday loan is where the borrower will be extended a small sum of cash on a short-term basis. This is considered an unsecured loan due to the fact that no collateral is expected.
When unexpected costs arise, for example past due rent or utility fees, vehicle fees, health or vet fees, and so forth, individuals often seek out cash advance loans.
Payday Loan Criteria In Dunedin, FL
In Dunedin, Florida, paycheck advance loan borrowers must satisfy a few criteria to be eligible for a loan.
The borrower must:
- Show proof that they reside in Dunedin, FL
- Must be at least 18
- Have an income that they can provide proof of being at least $1,000/month
- Give active contact information like cell phone number and email address
- Give their SSN
If a borrower does not meet the above requirements, they will immediately be denied a payday advance loan. Make sure you can provide the documents needed when requesting a loan.
Laws and Regulations Regarding Cash Advance Loans in Dunedin, Florida
Florida has ruled cash advance lending legal. However, they have set the following rules and laws for the paycheck advance lending market:
- A single lender can't offer a loan greater than $600. Borrowers are not allowed to take out more than two unpaid loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In Florida, borrowers may not rollover their loans.
- The fees and charges change for each loan lender. The service fees enacted by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
- An interest rate must be mutually decided upon. APR can be as high as 369%.
Will Payday Advance Lenders in Dunedin, Florida, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will perform a credit check on you, but, even if you have 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 unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit inquiry, which will not impact your credit score. This is solely to get a look at your credit history and general information.
A hard credit inquiry, alternatively, requires your permission. These credit checks are done for a plethora of purposes, including mortgages, credit cards, and more.
You might still be approved for a cash advance loan with bad credit in Dunedin, Florida, if you have proof of repayment.
Therefore, when you apply, whether it is in person or online, double check that you have your income information ready and any other documents proving that you can repay the loan. The more proof you have, the better chance your loan application will be approved.
When Will I Receive My Funds in Dunedin, FL?
When you get your loan truly 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 submit your application, 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 generally close for holidays and weekends. So, if you submit your application on a Friday, you might not get your deposit until Monday.
If you're needing a same-day paycheck advance loan in Dunedin, Florida, you will need to make sure 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 submit an application earlier than that if able, as it will increase the likelihood that you receive your funds on the same day that you submit your application.
One more consideration that you should know is despite if the money lender grants your loan request and posts the deposit to your checking account, occasionally the bank won't release that loan immediately. It's paramount that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the loan earlier.
On the whole, it's best to prepare ahead of time to get your loan on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From PaydayLoanRadar
If you possess underwhelming credit or no credit and are needing to secure a payday loan, think about applying with us, as you probably have a better chance of approval.
We partner with over one hundred different lenders who offer their services online. Often you will get your money on the following business day so ensure that you plan appropriately.
Although, you can always find the nearest payday loan store to you and apply in person to increase the chances of getting your cash on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.
To locate the nearest payday loan store, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Dunedin, FL
Below you will find a list of payday loan companies offering their services in Dunedin, Florida. If you can't find a lender near your location in Dunedin, 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 Dunedin, 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.