Payday Loans in Lakeside, Florida
Life happens, and we often wind up in a place where we must pay for some unforeseen expenses. Consider submitting an application for a cash advance loan in Lakeside, FL, to see if you qualify.
The application process is quick and effortless. To qualify, borrowers have to meet a couple of simple conditions.
What is a Cash Advance Loan? What Can It Pay For?
A payday advance loan is where the borrower will be extended a small amount of funds on a short-term agreement. This is deemed to be an unsecured personal loan as no collateral is needed.
When unforeseen bills come up, like past due rent or utility fees, vehicle bills, health or vet fees, and so forth, people often rely upon payday loans.
Payday Advance Loan Requirements In Lakeside, FL
In Lakeside, FL, paycheck advance loan borrowers are required to meet a few requirements to qualify for a loan.
The borrower must:
- Prove that they live in Lakeside, FL
- Must be at least 18
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact details such as cell phone number and email address
- Provide their SSN
If a borrower does not meet the above rules, they will immediately be denied a payday loan. Make sure you have the documents needed when submitting your application.
Laws and Regulations Concerning Payday Loans in Lakeside, Florida
Florida has ruled paycheck advance lending legal. However, they have enacted the below rules and regulations for the cash advance lending market:
- A single lender cannot offer a loan greater than $600. Borrowers cannot have greater than two unpaid loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In the State of Florida, borrowers are not allowed to rollover their loans.
- The fees and charges change for each money lender. The service costs charged by lenders on a loan are not considered interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
- An interest rate must be mutually agreed upon. APR can be as high as 369%.
Will Payday Advance Lenders in Lakeside, FL, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will do a credit check on you, but, even if you possess no credit or dismal credit, you might still be approved for a loan as long as you can show that you are able to repay the loan. Lenders are typically unconcerned about your credit if you provide proof of income and a plan to repay the loan.
Lenders will perform a soft credit pull, which will not impact 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, must have your permission. These credit checks are done for various purposes, including mortgages, credit cards, and more.
You might still be approved for a payday advance loan with imperfect credit in Lakeside, Florida, as long as you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, make sure that you have your income information at hand and any other documents verifying that you can pay back the loan. The more proof you have, the more likely your loan request will be granted.
When Will I See My Money in Lakeside, Florida?
When you receive your deposit actually relies on the lender as some lenders offer same-day cash advance loans, which means you will receive your paycheck advance loan on the same day you apply, 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 typically close for holidays and weekends. So, if you apply on a Friday, you may not see your loan until Monday.
If you're needing a same-day cash advance loan in Lakeside, Florida, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will increase the likelihood that you get your money on the same day that you apply.
One other factor that you should know is despite if the lender grants your loan request and posts the loan to your bank account, sometimes the bank won't release that deposit at that time. It's important to 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.
On the whole, it's wise to prepare ahead of time to get your deposit on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Borrowing From Us
If you have poor credit or no credit and are needing to secure a cash advance loan, consider applying with us, as you probably have a better chance of approval.
We work with more than one hundred different lenders who provide their services online. Often you will get your money on the next business day so make sure that you plan correctly.
However, you can always find the nearest payday advance loan storefront to you and apply in person to boost the chances of seeing your loan on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store as well.
To locate the nearest paycheck advance loan store, please use the list below and search for your city.
Payday Loan Direct Lender Companies in Lakeside, FL
Below you will find a list of payday loan companies offering their services in Lakeside, Florida. If you can't find a lender near your location in Lakeside, 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 Lakeside, 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.