Payday Loans in Haines City, Florida
Life happens, and we often end up in a spot where we must cover some unexpected bills. Think about submitting an application for a cash advance loan in Haines City, Florida, to see if you are eligible.
The loan process is quick and simple. To be eligible, borrowers must meet a couple of basic criteria.
What is a Cash Advance Loan? What Can It Cover?
A payday loan is where the borrower will be extended a petite amount of funds on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is required.
When unexpected bills arise, such as past due rent or utility bills, car costs, health or vet costs, and so forth, people frequently turn to payday advance loans.
Cash Advance Loan Requirements In Haines City, FL
In Haines City, FL, cash advance loan borrowers need to meet a few stipulations to be eligible for a loan.
The borrower is required to:
- Provide proof that they are a resident of Haines City, FL
- Must be 18 years of age
- Have an income that they can prove that's at least $1,000 per month
- Give current contact information including cell phone number and email address
- Provide their SSN
If a borrower does not abide by the above requirements, they will automatically be denied a payday loan. Ensure that you have the documents required when applying for a loan.
Laws and Rules Regarding Payday Advance Loans in Haines City, Florida
Florida has deemed payday advance lending legal. Although, they have created the following rules and laws for the paycheck advance lending industry:
- A single lender cannot extend a loan in excess of $600. Borrowers may not take out greater than two outstanding 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 may not rollover their loans.
- The fees and charges vary for each money lender. The service fees charged by the lender on a payday loan are not considered interest. The service fees apply to every $100 loaned and can range between 11-15%.
- An interest rate must be mutually agreed upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Haines City, 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 possess no credit or less than stellar credit, you might still be approved for a loan given that you can prove that you can pay back the loan. Lenders are typically unconcerned about your credit history if you provide proof of income and a strategy to repay the loan.
Lenders will rely on a soft credit check, which will have no impact on your credit score. This is only to get an idea of your credit history and basic information.
A hard credit check, on the other hand, needs your explicit consent. These credit inquiries are utilized for various purposes, such as mortgages, credit cards, and more.
You might still qualify for a payday advance loan with imperfect credit in Haines City, FL, if you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more evidence you possess, the better chance your loan request will be granted.
When Will I Get My Funds in Haines City, Florida?
When you get your cash truly depends on the lender as some lenders provide same-day paycheck advance loans, which means you will receive your payday loan on the same day you submit your application, as long as you get an approval.
Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not get your funds until Monday.
If you're needing a same-day payday advance loan in Haines City, FL, you will need to be sure that you're applying by 10:30 am. All same-day loans going out that day will be approved by that cut-off. However, you should apply earlier than that if able, as it will boost the likelihood that you get your deposit on the same day that you submit your application.
One other factor that you should understand is even if the money lender approves your application and posts the deposit to your checking account, sometimes the bank won't release that funds immediately. It's important to let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the loan earlier.
Overall, it's best to prepare in advance to get your loan on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Think About Borrowing From Us
If you possess underwhelming credit or no credit and are wanting to secure a paycheck advance loan, think about applying with us, as you most likely have a higher chance of approval.
We work with hundreds of different lenders who offer their services online. Frequently you will see your loan on the next business day so make sure that you plan accordingly.
However, you can always locate the nearest payday loan storefront to you and apply in person to boost the chances of receiving your loan on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so take along a utility bill to the store as well.
To find the nearest payday advance loan storefront, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in Haines City, FL
Below you will find a list of payday loan companies offering their services in Haines City, Florida. If you can't find a lender near your location in Haines 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 Haines 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.