Payday Loans in High Springs, Florida
Things happen, and we often find ourselves in a spot where we must cover some unforeseen bills. Consider submitting an application for a paycheck advance loan in High Springs, FL, to see if you meet the requirements.
The loan request process is swift and straightforward. To be eligible, you have to meet a few basic requirements.
What is a Payday Advance Loan? What Can It Be Put Towards?
A cash advance loan is where the borrower will receive a small sum of cash on a short-term contract. This is deemed to be an unsecured loan because no collateral is needed.
When surprise expenses arise, like missed rent or utility expenditures, vehicle repairs, health or vet expenditures, and so on, individuals usually seek out cash advance loans.
Cash Advance Loan Requirements In High Springs, Florida
In High Springs, FL, paycheck advance loan borrowers are required to satisfy a few stipulations to be eligible for a loan.
The borrower is required to:
- Show proof that they are a resident of High Springs, FL
- Must be 18 years of age
- Have a steady stream of income that they can provide proof of being at least $1,000/month
- Provide current contact information such as phone number and email address
- Give their SSN
If a borrower does not meet the above rules, they will immediately be denied a payday loan. Make sure you possess the documentation needed when submitting your application.
Laws and Rules Regarding Cash Advance Loans in High Springs, FL
Florida has deemed payday advance lending legal. However, they have set the below rules and laws for the payday advance lending industry:
- An individual lender cannot offer a loan in excess of $600. Borrowers are not allowed to take out greater than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In the State of Florida, borrowers cannot rollover their loans.
- The fees and charges change for each loan lender. The service fees charged by lenders on each loan or transaction 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 Cash Advance Lenders in High Springs, FL, 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, still, even if you possess no credit or less than optimal credit, you might still be eligible for a loan as long as you can prove that you are able to repay the loan. Lenders are typically unconcerned about your credit history if you possess 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 only to get an idea of your credit history and general information.
A hard credit pull, dissimilarly, must have your explicit consent. These credit inquiries are performed for various purposes, such as mortgages, credit card applications, and more.
You can still qualify for a payday advance loan with less than great credit in High Springs, Florida, if you have proof of repayment.
So, when you apply, whether it is in person or online, make sure that you have your income information available and any other documents verifying that you can repay the loan. The more evidence you provide, the better chance your loan application will be approved.
When Will I See My Loan in High Springs, FL?
When you see your money really relies on your lender as some lenders advertise same-day cash advance loans, which means you will see your cash advance loan on the same day you submit your application, as long as you receive an approval.
Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Because of this, if you apply on a Friday, you may not receive your money until Monday.
If you're searching for a same-day paycheck advance loan in High Springs, Florida, you will need to ensure you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you see your loan on the day that you apply.
One more consideration that you should know is even if the money lender approves your application and posts the loan to your checking account, sometimes the bank won't release that funds right away. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the loan earlier.
Overall, it's best to prepare ahead of time to get your loan on the next business day. That way, you're not out of luck if you cannot receive it on the same day.
Think About Working With Us
If you possess bad credit or no credit and are looking to secure a paycheck advance loan, consider applying with us, as you frequently have a better chance of approval.
We partner with over one hundred different lenders who offer their services online. Much of the time you will get your money on the next business day so ensure that you plan accordingly.
However, you can always locate the closest cash advance loan storefront to you and apply in person to strengthen 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 is sufficient. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store too.
To find the nearest payday loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in High Springs, FL
Below you will find a list of payday loan companies offering their services in High Springs, Florida. If you can't find a lender near your location in High 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 High 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.