Payday Loans in Oakland Park, Florida
Things happen, and we usually end up in a place where we have to pay for some unforeseen expenses. Think about submitting an application for a cash advance loan in Oakland Park, Florida, to see if you qualify.
The loan request process is fast and painless. To be qualified, loan borrowers must meet a few general requirements.
What is a Paycheck Advance Loan? What Can It Cover?
A payday loan is where the borrower will get a small amount of funds on a short-term contract. This is considered an unsecured loan as no collateral is needed.
When surprise bills come up, for example late rent or utility payments, vehicle costs, medical or vet costs, and so on, people usually seek out paycheck advance loans.
Payday Loan Stipulations In Oakland Park, FL
In Oakland Park, FL, paycheck advance loan borrowers need to satisfy several requirements to qualify for a loan.
The borrower is required to:
- Show proof that they reside in Oakland Park, FL
- Must be 18 years old
- Receive a steady stream of income that they can provide proof of being at least $1,000/month
- Give up-to-date contact details including cell phone number and email address
- Give their SSN
If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Make sure you have the documents needed when applying for a loan.
Laws and Rules Regarding Payday Loans in Oakland Park, Florida
The State of Florida has ruled paycheck advance lending legal. Still, they have enacted the below rules and regulations for the payday advance lending market:
- A single money lender cannot extend a loan in excess of $600. Borrowers cannot have greater than two unpaid 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 are not allowed to rollover their loans.
- The fees and charges vary for each lender. The service costs enacted by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 loaned and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Cash Advance Lenders in Oakland Park, Florida, Complete Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will complete a credit check on you, but, even if you have no credit or poor credit, you may still be eligible for a loan given that you can prove that you can pay back the loan. Lenders are generally unconcerned about your credit if you have proof of income and a plan to repay the loan.
Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.
A hard credit pull, alternatively, requires your explicit consent. These credit checks are performed for various purposes, including mortgages, credit cards, and more.
You can still be approved for a cash advance loan with bad credit in Oakland Park, FL, if you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, ensure that you have your income information easily accessible and any other documents proving that you can pay back the loan. The more evidence you provide, the more likely your loan request will be granted.
When Will I Get My Cash in Oakland Park, Florida?
When you see your deposit truly relies on your lender as some lenders advertise same-day payday loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you get an approval.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you may not see your money until Monday.
If you're wanting a same-day payday loan in Oakland Park, Florida, you will need to be sure that you're applying by 10:30 am. All same-day funds going out that day will be approved by that deadline. However, you should request a loan earlier than that if able, as it will increase the likelihood that you receive your loan on the day that you submit your application.
One more factor that you should know is despite if the lender grants your loan request and posts the funds to your bank account, sometimes the bank won't release that funds at that time. It's paramount that you let your bank know that you plan to receive a payday loan, so they could possibly make an exception in releasing the deposit earlier.
On the whole, it's best to prepare ahead of time to get cash 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 PaydayLoanRadar
If you have less than great credit or no credit and are looking to get a paycheck advance loan, consider applying through us, as you most likely have a better chance of approval.
We partner with over one hundred different lenders who provide their services online. Most of the time you will get your money on the following business day so make sure that you plan correctly.
Although, you can always locate the closest paycheck advance loan storefront to you and apply in person to boost the chances of receiving your funds on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store too.
To locate the nearest cash advance loan store, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Oakland Park, FL
Below you will find a list of payday loan companies offering their services in Oakland Park, Florida. If you can't find a lender near your location in Oakland Park, 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 Oakland Park, 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.