Payday Loans in Lutz, Florida
Events happen, and we usually find ourselves in a situation where we must pay for some unforeseen expenses. Consider submitting an application for a cash advance loan in Lutz, Florida, to see if you qualify.
The application process is swift and simple. To qualify, borrowers have to satisfy a few basic criteria.
What is a Cash Advance Loan? What Can It Cover?
A paycheck advance loan is where the borrower will be extended a petite sum of money on a short-term basis. This is deemed to be an unsecured loan because no collateral is needed.
When unexpected expenses arise, such as past due rent or utility expenditures, vehicle fixes, health or vet payments, and so forth, people usually rely upon cash advance loans.
Cash Advance Loan Requirements In Lutz, Florida
In Lutz, Florida, cash advance loan borrowers need to meet several requirements to be eligible for a loan.
The borrower has to:
- Show proof that they reside in Lutz, FL
- Must be 18 years old
- Receive a steady stream of income that they can provide proof of being at least $1,000/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 immediately be denied a payday advance loan. Ensure that you can provide the documentation required when requesting a loan.
Laws and Regulations Regarding Paycheck Advance Loans in Lutz, FL
Florida has ruled payday lending legal. However, they have set the following rules and laws for the cash advance lending market:
- An individual money lender cannot offer a loan in excess of $600. Borrowers cannot take out more than two active loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, 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 change for each loan lender. The service fees enacted by lenders on a cash advance loan do not fall under interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
- An interest rate must be mutually settled upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in Lutz, Florida, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, but, even if you possess no credit or poor credit, you might still be eligible for a loan given that you can show that you can pay back the loan. Lenders are commonly unconcerned about your credit if you offer proof of income and a plan to pay back the loan.
Lenders will perform a soft credit check, which will have no impact on your credit score. This is only to get a feel of your credit history and general information.
A hard credit pull, on the other hand, requires your permission. These credit checks are used for a plethora of purposes, such as mortgages, credit cards, and more.
You can still qualify for a payday advance loan with bad credit in Lutz, FL, if you can prove you will repay the loan.
Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information ready and any other documents verifying that you can pay back the loan. The more proof you provide, the more likely you are to be approved.
When Will I See My Loan in Lutz, FL?
When you see your cash truly relies on the lender as some lenders offer same-day payday loans, which means you will receive your cash advance loan on the same day you apply, as long as you get an approval.
Much of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not see your loan until Monday.
If you're looking for a same-day paycheck advance loan in Lutz, FL, you will need to be sure that you're applying by 10:30 am. All same-day payments 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 loan on the day that you apply.
One more factor that you should understand is even if the lender grants your loan request and posts the loan to your checking account, occasionally the bank won't release that credit at that time. It's vital that you let your bank know that you plan to get a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.
On the whole, it's best to prepare in advance to receive your loan on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Think About Borrowing From Us
If you possess less than great credit or no credit and are looking to secure a paycheck advance loan, think about applying through us, as you frequently have a higher chance of approval.
We work 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 ensure that you plan correctly.
Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to strengthen the chances of seeing your money on the same business day. When requesting a loan 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 too.
To find the nearest payday loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Lutz, FL
Below you will find a list of payday loan companies offering their services in Lutz, Florida. If you can't find a lender near your location in Lutz, 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 Lutz, 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.