Payday Loans in Safety Harbor, Florida
Events happen, and we often end up in a spot where we have to pay for some surprise expenses. Think about applying for a payday advance loan in Safety Harbor, FL, to see if you are eligible.
The loan process is swift and straightforward. To be eligible, loan borrowers have to satisfy a couple of basic criteria.
What is a Payday Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will be extended a petite sum of money on a short-term agreement. This is deemed to be an unsecured personal loan because no collateral is required.
When surprise expenses arise, such as past due rent or utility costs, car fixes, medical or vet expenditures, and so forth, people often seek out payday loans.
Payday Loan Criteria In Safety Harbor, Florida
In Safety Harbor, FL, cash advance loan borrowers need to meet a few criteria to qualify for a loan.
The borrower is required to:
- Provide proof that they live in Safety Harbor, FL
- Must be 18 years of age
- Receive an income that they can prove that's at least $1,000 per month
- Give active contact details including phone number and email address
- Give their SSN
If a borrower does not abide by the above requirements, they will automatically be denied a payday advance loan. Make sure you possess the documentation needed when requesting a loan.
Laws and Rules Regarding Paycheck Advance Loans in Safety Harbor, Florida
Florida has ruled payday lending legal. Although, they have created the following rules and laws for the cash advance lending market:
- An individual money lender can't extend a loan for more than $600. Borrowers cannot take out greater than two outstanding 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 unable to rollover their loans.
- The fees and charges are different for each loan lender. The service fees enacted by lenders on a 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 agreed upon. APR can be as much as 369%.
Will Paycheck Advance Lenders in Safety Harbor, Florida, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, still, even if you have 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 typically unconcerned about your credit history if you provide proof of income and a strategy to repay the loan.
Lenders will rely on a soft credit check, which will have no impact on your credit score. This is only to get an idea of your credit history and basic information.
A hard credit pull, on the other hand, must have your permission. These credit checks are used for a plethora of purposes, such as mortgages, credit cards, and more.
You might still be approved for a payday loan with poor credit in Safety Harbor, Florida, provided that you have proof of repayment.
So, when you apply for a loan, whether it is in person or online, ensure that you have your income information available and any other documents proving that you can repay the loan. The more evidence you possess, the more likely your loan request will be granted.
When Will I Receive My Money in Safety Harbor, Florida?
When you see your money actually relies on your lender as some lenders advertise same-day paycheck advance loans, which means you will receive your cash advance loan on the same day you request a loan, as long as you get an approval.
Most of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you might not get your deposit until Monday.
If you're needing a same-day cash advance loan in Safety Harbor, Florida, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that time. However, you should apply earlier than that if able, as it will increase the likelihood that you receive your deposit on the day that you apply.
One more factor that you should know is even if the money lender approves your application and posts the credit to your checking account, occasionally the bank won't release that funds right away. 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 cash earlier.
On the whole, it's best to prepare ahead of time to receive your funds on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Working With PaydayLoanRadar
If you have underwhelming credit or no credit and are wanting to get a payday loan, think about applying with us, as you most likely have a better chance of approval.
We partner with more than one hundred different lenders who provide their services online. Often you will see your loan on the next business day so make sure that you plan appropriately.
However, you can always locate the nearest cash advance loan storefront to you and apply in person to increase the chances of getting 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 take along a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in Safety Harbor, FL
Below you will find a list of payday loan companies offering their services in Safety Harbor, Florida. If you can't find a lender near your location in Safety Harbor, 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 Safety Harbor, 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.