Payday Loans in Plantation, Florida
Incidents happen, and we usually find ourselves in a place where we have to cover some unforeseen bills. Think about applying for a paycheck advance loan in Plantation, Florida, to see if you meet the requirements.
The loan process is quick and painless. To be qualified, you have to satisfy a couple of straightforward criteria.
What is a Paycheck Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will get a petite sum of money on a short-term basis. This is thought of as an unsecured personal loan because no collateral is needed.
When unforeseen costs arise, such as past due rent or utility costs, vehicle bills, medical or vet costs, and so on, individuals often turn to payday loans.
Payday Advance Loan Requirements In Plantation, Florida
In Plantation, Florida, cash advance loan borrowers are required to satisfy several criteria to be eligible for a loan.
The borrower has to:
- Provide proof that they are a resident of Plantation, FL
- Must be 18 or older
- Have an income that they can prove that's at least $1,000/month
- Give up-to-date contact information like cell phone number and email address
- Provide their social security number
If a borrower does not satisfy the above rules, they will immediately be denied a payday advance loan. Make sure you can provide the documentation needed when submitting your application.
Laws and Regulations Concerning Cash Advance Loans in Plantation, Florida
The State of Florida has deemed payday advance lending legal. However, they have created the following rules and laws for the cash advance lending market:
- An individual money lender can't offer a loan in excess of $600. Borrowers cannot have greater than two outstanding loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In Florida, borrowers cannot rollover their loans.
- The fees and charges vary for each lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as much as 369%.
Will Paycheck Advance Lenders in Plantation, Florida, Perform Credit Checks? What If I Have Poor/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 bad credit, you may still be eligible for a loan given that 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 strategy to pay back the loan.
Lenders will use a soft credit pull, which will have no impact on 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 pulls are done for various purposes, including mortgages, credit cards, and more.
You can still be approved for a cash advance loan with less than great credit in Plantation, FL, as long as you can prove you will repay the loan.
Therefore, when you request a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents showing that you can repay the loan. The more proof you possess, the more likely your loan application will be approved.
When Will I Receive My Money in Plantation, FL?
When you get your cash really depends on your lender as some lenders advertise same-day payday loans, which means you will get your paycheck advance loan on the same day you submit your application, as long as you get an approval.
Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not see your funds until Monday.
If you're needing a same-day payday loan in Plantation, FL, you will need to be sure that 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 get your funds on the day that you submit your application.
One additional factor that you should understand is even if the money lender grants your loan request and posts the loan to your bank, sometimes the bank won't release that deposit immediately. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the money earlier.
On the whole, it's best to prepare ahead of time to receive your funds on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Working With Us
If you possess poor credit or no credit and are searching to get a payday advance 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. Often you will get your loan on the following business day so make sure that you plan correctly.
Although, you can always locate the closest payday loan storefront to you and apply in person to increase the chances of receiving your loan on the same 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 ask for proof of address, so take along a utility bill to the store too.
To find the nearest payday loan store, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in Plantation, FL
Below you will find a list of payday loan companies offering their services in Plantation, Florida. If you can't find a lender near your location in Plantation, 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 Plantation, 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.