Payday Loans in Jacksonville, Florida
Life happens, and we often find ourselves in a spot where we must cover some unexpected expenses. Think about applying for a cash advance loan in Jacksonville, Florida, to see if you are eligible.
The application process is swift and straightforward. To be qualified, borrowers must satisfy a couple of general criteria.
What is a Cash Advance Loan? What Can It Cover?
A paycheck advance loan is where the borrower will be extended a small sum of cash on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is required.
When unforeseen costs come up, such as late rent or utility expenditures, auto bills, medical or vet fees, and so forth, people commonly turn to payday loans.
Payday Loan Requirements In Jacksonville, FL
In Jacksonville, Florida, payday loan borrowers need to meet several stipulations to qualify for a loan.
The borrower is required to:
- Provide proof that they live in Jacksonville, FL
- Must be 18 years old
- Receive a steady stream of income that they can provide proof of being at least $1,000 per month
- Provide current contact details such as cell phone number and email address
- Give their social security number
If a borrower does not meet the above rules, they will immediately be denied a cash advance loan. Ensure that you can provide the documents required when applying for a loan.
Laws and Regulations Regarding Cash Advance Loans in Jacksonville, FL
Florida has deemed payday lending legal. However, they have enacted the following rules and laws for the paycheck advance lending industry:
- An individual lender can't extend a loan in excess of $600. Borrowers are not allowed to have greater than two active 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 cannot rollover their loans.
- The fees and charges are different for each money lender. The service costs enacted by lenders on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Paycheck Advance Lenders in Jacksonville, Florida, Complete Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, still, even if you possess no credit or poor credit, you might still be eligible for a loan provided you can prove that you can repay the loan. Lenders are typically unbothered by your credit history if you have proof of income and a strategy to repay the loan.
Lenders will conduct a soft credit pull, 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 pull, on the other hand, must have your permission. These credit checks are utilized for various purposes, including mortgages, credit card applications, and more.
You can still qualify for a payday loan with poor credit in Jacksonville, FL, if you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, double check that you have your income information available and any other documents proving that you can pay back the loan. The more evidence you show, the better chance you are to be approved.
When Will I See My Loan in Jacksonville, FL?
When you receive your funds truly relies on the lender as some lenders advertise same-day payday advance loans, which means you will see your payday loan on the same day you request a loan, 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 generally close for holidays and weekends. So, if you apply on a Friday, you may not see your funds until Monday.
If you're searching for a same-day paycheck advance loan in Jacksonville, FL, 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 cut-off. However, you should submit an application earlier than that if possible, as it will boost the likelihood that you receive your cash on the day that you submit your application.
One other consideration that you should be aware of is even if the lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that loan right away. It's important to let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the loan earlier.
Overall, it's wise to prepare in advance to receive your funds on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Consider Borrowing From Us
If you possess bad credit or no credit and are searching to secure a payday advance loan, think about applying with us, as you most likely have a better chance of approval.
We partner with more than one hundred different lenders who provide their services online. Much of the time you will receive your deposit on the next business day so make sure that you plan accordingly.
Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to boost the chances of seeing your funds on the same business day. When submitting an application 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 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 Jacksonville, FL
Below you will find a list of payday loan companies offering their services in Jacksonville, Florida. If you can't find a lender near your location in Jacksonville, 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 Jacksonville, 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.