Payday Loans in Land O' Lakes, Florida
Life happens, and we usually find ourselves in a spot where we have to pay for some surprise expenses. Consider applying for a cash advance loan in Land O' Lakes, Florida, to see if you qualify.
The loan process is swift and painless. To qualify, you have to satisfy a couple of general criteria.
What is a Cash Advance Loan? What Can It Be Used For?
A paycheck advance loan is where the borrower will get a small sum of money on a short-term basis. This is considered an unsecured loan because no collateral is expected.
When unexpected financial needs present themselves, such as late rent or utility fees, car bills, health or vet payments, and so forth, people usually turn to payday loans.
Payday Loan Criteria In Land O' Lakes, Florida
In Land O' Lakes, Florida, paycheck advance loan borrowers are required to meet several stipulations to qualify for a loan.
The borrower is required to:
- Prove that they reside in Land O' Lakes, FL
- Must be 18 years old
- Have an income that they can provide proof of being at least $1,000 per month
- Provide current contact details such as phone number and email address
- Provide their social security number
If a borrower does not meet the above criteria, they will immediately be denied a payday advance loan. Make sure you can provide the documents needed when applying.
Laws and Rules Concerning Cash Advance Loans in Land O' Lakes, FL
Florida has deemed payday lending legal. Still, they have enacted the below rules and laws for the paycheck advance lending market:
- An individual lender cannot extend a loan greater than $600. Borrowers are not allowed to possess more than two outstanding 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 vary for each lender. The service costs charged by the lender on a payday loan do not fall under interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Land O' Lakes, Florida, Perform Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we have a relationship with will run a credit check on you, still, even if you have no credit or poor credit, you might still be eligible for a loan as long as you can show that you can pay back the loan. Lenders are usually unbothered by your credit history if you provide proof of income and a plan to repay the loan.
Lenders will conduct a soft credit check, which will not impact your credit score. This is simply to get a look at your credit history and basic information.
A hard credit check, alternatively, requires your permission. These credit checks are used for a plethora of purposes, including mortgages, credit cards, and more.
You can still be approved for a payday loan with less than great credit in Land O' Lakes, Florida, provided that you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you show, the better chance you are to be approved.
When Will I See My Loan in Land O' Lakes, FL?
When you receive your loan actually relies on your lender as some lenders offer same-day payday advance loans, which means you will receive your payday advance loan on the same day you request a loan, as long as you get an approval.
Most of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not see your deposit until Monday.
If you're searching for a same-day payday loan in Land O' Lakes, FL, 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 submit an application earlier than that if possible, as it will boost the likelihood that you see your funds on the same day that you apply.
One other consideration that you should know is even if the lender approves your application and posts the loan to your checking account, sometimes the bank won't release that loan at that time. It's important to let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the funds earlier.
On the whole, it's wise to prepare in advance to receive money on the following business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Working With PaydayLoanRadar
If you possess poor credit or no credit and are wanting to secure a paycheck advance loan, think about applying with us, as you frequently have a better chance of approval.
We partner with hundreds of different lenders who provide their services online. Most of the time you will get your money on the next business day so ensure that you plan correctly.
Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to boost the chances of getting your funds on the same business day. When applying in person, ensure 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 find the nearest payday loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Land O' Lakes, FL
Below you will find a list of payday loan companies offering their services in Land O' Lakes, Florida. If you can't find a lender near your location in Land O' Lakes, 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 Land O' Lakes, 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.