Payday Loans in Lakeland Highlands, Florida
Life happens, and we usually end up in a situation where we must cover some unexpected costs. Consider applying for a cash advance loan in Lakeland Highlands, Florida, to see if you are eligible.
The loan application process is quick and effortless. To be eligible, loan borrowers have to satisfy a few basic requirements.
What is a Payday Loan? What Can It Pay For?
A paycheck advance loan is where the borrower will be extended a petite amount of funds on a short-term agreement. This is considered an unsecured personal loan as no collateral is needed.
When unforeseen bills present themselves, such as past due rent or utility expenditures, vehicle fixes, medical or vet fees, and so forth, people often rely upon paycheck advance loans.
Paycheck Advance Loan Stipulations In Lakeland Highlands, FL
In Lakeland Highlands, Florida, cash advance loan borrowers are required to meet a few stipulations to be eligible for a loan.
The borrower is required to:
- Provide proof that they are a resident of Lakeland Highlands, Florida
- Must be 18 years of age
- Have an income that they can prove that's at least $1,000 per month
- Provide current contact information such as cell phone number and email address
- Provide their social security number
If a borrower does not meet the above criteria, they will automatically be denied a payday advance loan. Make sure you can provide the documents needed when applying for a loan.
Laws and Regulations Regarding Payday Advance Loans in Lakeland Highlands, Florida
Florida has ruled payday lending legal. Still, they have enacted the below rules and regulations for the paycheck advance lending market:
- An individual money lender cannot extend a loan for more than $600. Borrowers are not allowed to have greater than two outstanding 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 are not allowed to rollover their loans.
- The fees and charges are different for each lender. The service costs enacted by lenders on a payday loan are not considered interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
- An interest rate is required to be mutually agreed upon. APR can be as high as 369%.
Will Payday Lenders in Lakeland Highlands, FL, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you possess no credit or poor credit, you may still be approved for a loan provided you can prove that you are able to pay back the loan. Lenders are usually unbothered by your credit history if you possess proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit check, which will not impact your credit score. This is only to get a look at your credit history and general information.
A hard credit check, on the other hand, must have your explicit consent. These credit inquiries are utilized for various purposes, including mortgages, credit cards, and more.
You might still be approved for a cash advance loan with poor credit in Lakeland Highlands, Florida, as long as you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, double check that you have your income information easily accessible and any other documents verifying that you can repay the loan. The more proof you have, the more likely your loan application will be approved.
When Will I Get My Money in Lakeland Highlands, Florida?
When you get your loan actually relies on the lender as some lenders provide same-day cash advance loans, which means you will receive your cash advance loan on the same day you request a loan, as long as you get an approval.
Much of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you may not receive your cash until Monday.
If you're looking for a same-day cash advance loan in Lakeland Highlands, Florida, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your money on the day that you apply.
One other consideration that you should understand is despite if the lender grants your loan request and posts the loan to your bank, occasionally the bank won't release that loan immediately. It's vital that you let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the money earlier.
Overall, it's best to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot get it on the same day.
Think About Working With Us
If you possess poor credit or no credit and are looking to secure a payday loan, think about applying with us, as you probably have a higher chance of approval.
We partner with over one hundred different lenders who provide their services online. Most of the time you will see your money on the next business day so make sure that you plan correctly.
Although, you can always find the closest cash advance loan store to you and apply in person to strengthen the chances of receiving your money on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store as well.
To locate the nearest payday loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Lakeland Highlands, FL
Below you will find a list of payday loan companies offering their services in Lakeland Highlands, Florida. If you can't find a lender near your location in Lakeland Highlands, 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 Lakeland Highlands, 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.