Payday Loans in Plant City, Florida
Life happens, and we often find ourselves in a situation where we have to pay for some unforeseen expenses. Think about submitting an application for a cash advance loan in Plant City, FL, to see if you qualify.
The loan application process is swift and effortless. To be eligible, loan borrowers must meet a couple of straightforward criteria.
What is a Cash Advance Loan? What Can It Be Put Towards?
A paycheck advance loan is where the borrower will receive a small amount of money on a short-term contract. This is thought of as an unsecured loan due to the fact that no collateral is required.
When unforeseen costs arise, like missed rent or utility expenditures, car fixes, medical or vet expenditures, and so forth, people commonly rely upon paycheck advance loans.
Cash Advance Loan Stipulations In Plant City, FL
In Plant City, Florida, cash advance loan borrowers are required to meet a few stipulations to qualify for a loan.
The borrower must:
- Show proof that they live in Plant City, FL
- Must be 18 years of age
- Receive a steady income that they can provide proof of being at least $1,000/month
- Provide current contact details including phone number and email address
- Provide their social security number
If a borrower does not satisfy the above requirements, they will automatically be denied a payday loan. Make sure you possess the documents needed when applying.
Laws and Regulations Regarding Paycheck Advance Loans in Plant City, FL
Florida has ruled payday advance lending legal. Although, they have created the following rules and regulations for the paycheck advance lending market:
- A single lender cannot offer a loan in excess of $600. Borrowers are not allowed to possess greater than two outstanding loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In Florida, borrowers are unable to rollover their loans.
- The fees and charges change for each lender. The service costs charged by lenders on a loan are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Cash Advance Lenders in Plant City, FL, Run Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we have a relationship with will complete a credit check on you, still, even if you have no credit or less than optimal credit, you may still be eligible for a loan as long as you can prove that you can repay the loan. Lenders are generally unconcerned about your credit if you possess proof of income and a plan to pay back the loan.
Lenders will use a soft credit pull, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit inquiry, alternatively, must have your permission. These credit inquiries are performed for various purposes, including mortgages, credit cards, and more.
You might still qualify for a cash advance loan with poor credit in Plant City, Florida, provided that you can prove you will repay the loan.
So, when you apply, whether it is in person or online, double check that you have your income information ready and any other documents proving that you can pay back the loan. The more evidence you show, the more likely your loan request will be granted.
When Will I See My Cash in Plant City, Florida?
When you see your money actually depends on your lender as some lenders offer same-day payday loans, which means you will see your payday loan on the same day you apply, as long as you receive an approval.
Most of the time, though, lenders will give 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 may not receive your loan until Monday.
If you're searching for a same-day payday advance loan in Plant City, Florida, you will need to make sure you're applying by 10:30 am. Any and 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 see your loan on the day that you apply.
One additional factor that you should know is despite if the money lender grants your loan request and posts the credit to your checking account, sometimes the bank won't release that funds right away. 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 loan earlier.
Overall, it's best to prepare in advance to receive cash on the next business day. That way, you're not surprised if you cannot receive it on the same day.
Think About Working With PaydayLoanRadar
If you have poor credit or no credit and are searching to secure a payday advance loan, think about applying through us, as you frequently have a better chance of approval.
We work with hundreds of different lenders who offer their services online. Often you will see your funds on the following business day so make sure that you plan accordingly.
However, you can always locate the nearest payday advance loan storefront to you and apply in person to increase the chances of seeing your loan on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store too.
To locate the nearest payday loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Plant City, FL
Below you will find a list of payday loan companies offering their services in Plant City, Florida. If you can't find a lender near your location in Plant City, 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 Plant City, 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.