Payday Loans in Pinellas Park, Florida
Things happen, and we often end up in a spot where we must cover some surprise costs. Think about submitting an application for a payday advance loan in Pinellas Park, FL, to see if you qualify.
The loan request process is fast and painless. To be eligible, borrowers must meet a few simple conditions.
What is a Paycheck Advance Loan? What Can It Be Put Towards?
A payday loan is where the borrower will receive a small amount of money on a short-term basis. This is considered an unsecured loan because no collateral is expected.
When unforeseen financial needs arise, for example missed rent or utility bills, car costs, medical or vet expenditures, and so on, people often rely upon paycheck advance loans.
Payday Advance Loan Requirements In Pinellas Park, Florida
In Pinellas Park, FL, payday advance loan borrowers are required to meet a few requirements to be eligible for a loan.
The borrower has to:
- Provide proof that they live in Pinellas Park, FL
- Must be 18 years of age
- Have an income that they can provide proof of being at least $1,000/month
- Give up-to-date contact details such as phone number and email address
- Provide their social security number
If a borrower does not meet the above rules, they will automatically be denied a payday loan. Ensure that you possess the documents required when applying for a loan.
Laws and Rules Regarding Paycheck Advance Loans in Pinellas Park, FL
The State of Florida has ruled payday advance lending legal. Although, they have created the below rules and regulations for the payday advance lending market:
- A single money lender can't offer a loan for more than $600. Borrowers cannot take out greater than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In Florida, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each loan lender. The service fees enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Cash Advance Lenders in Pinellas Park, Florida, Complete Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, still, even if you possess no credit or less than optimal credit, you might still be eligible for a loan as long as you can show that you are able to pay back the loan. Lenders are typically unbothered by your credit history if you offer proof of income and a plan to pay back the loan.
Lenders will use a soft credit pull, which will have no impact on your credit score. This is solely to get a feel of your credit history and basic information.
A hard credit check, dissimilarly, must have your explicit consent. These credit checks are utilized for various purposes, including mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with bad credit in Pinellas Park, FL, if you have proof of repayment.
Therefore, when you apply, whether it is in person or online, double check that you have your income information available and any other documents showing that you can pay back the loan. The more proof you have, the better chance your loan application will be approved.
When Will I Get My Loan in Pinellas Park, FL?
When you receive your loan really relies on your lender as some lenders provide same-day paycheck advance loans, which means you will see your payday advance loan on the same day you request a loan, as long as you receive an approval.
Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not see your loan until Monday.
If you're looking for a same-day payday loan in Pinellas Park, Florida, you will need to ensure you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will boost the likelihood that you receive your loan on the day that you submit your application.
One additional factor that you should be aware of is even if the lender grants your loan request and posts the funds to your checking account, occasionally the bank won't release that funds 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 deposit earlier.
Overall, it's best to prepare ahead of time to get your deposit on the next business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From Us
If you have bad credit or no credit and are looking to get a payday loan, consider applying through us, as you frequently have a higher chance of approval.
We work with over one hundred different lenders who provide their services online. Much of the time you will see your money on the next business day so make sure that you plan accordingly.
However, you can always locate the closest paycheck advance loan store to you and apply in person to strengthen the chances of receiving your funds on the same business day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so bring a utility bill to the store too.
To find the nearest cash advance loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Pinellas Park, FL
Below you will find a list of payday loan companies offering their services in Pinellas Park, Florida. If you can't find a lender near your location in Pinellas 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 Pinellas 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.