Payday Loans in South Pasadena, Florida
Life happens, and we often find ourselves in a spot where we have to cover some unforeseen expenses. Think about submitting an application for a cash advance loan in South Pasadena, Florida, to see if you are eligible.
The loan application process is swift and simple. To be eligible, borrowers must meet a couple of simple conditions.
What is a Payday Loan? What Can It Be Used For?
A paycheck advance loan is where the borrower will be extended a petite sum of money on a short-term contract. This is considered an unsecured loan because no collateral is expected.
When unforeseen bills come up, such as late rent or utility costs, vehicle fees, medical or vet costs, and so on, people often turn to cash advance loans.
Payday Loan Requirements In South Pasadena, Florida
In South Pasadena, FL, cash advance loan borrowers must satisfy a few stipulations to qualify for a loan.
The borrower has to:
- Provide proof that they live in South Pasadena, Florida
- Must be 18 or older
- Have an income that they can provide proof of being at least $1,000/month
- Give active contact information such as phone number and email address
- Give their SSN
If a borrower does not meet the above requirements, they will immediately be denied a paycheck advance loan. Make sure you possess the documents required when applying for a loan.
Laws and Regulations Regarding Payday Advance Loans in South Pasadena, Florida
Florida has deemed payday advance lending legal. Although, they have created the below rules and regulations for the cash advance lending market:
- An individual lender cannot offer a loan for more than $600. Borrowers may not possess more than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In Florida, borrowers are unable to rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by the lender on a loan are not considered interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
- An interest rate must be mutually settled upon. APR can be as high as 369%.
Will Paycheck Advance Lenders in South Pasadena, Florida, Complete Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, but, even if you possess no credit or dismal credit, you may still be approved for a loan given that you can prove that you are able to 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 conduct a soft credit inquiry, which will not impact your credit score. This is simply to get a look at your credit history and general information.
A hard credit inquiry, alternatively, must have your permission. These credit checks are performed for a plethora of purposes, such as mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with imperfect credit in South Pasadena, FL, as long as you can prove you will repay the loan.
Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information available and any other documents verifying that you can repay the loan. The more evidence you provide, the better chance your loan request will be granted.
When Will I Get My Cash in South Pasadena, Florida?
When you see your funds really relies on your lender as some lenders offer same-day payday advance loans, which means you will get 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 give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you may not get your loan until Monday.
If you're wanting a same-day payday advance loan in South Pasadena, Florida, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that cut-off. However, you should apply earlier than that if able, as it will boost the likelihood that you see your funds on the day that you apply.
One other consideration that you should understand is despite if the money lender grants your loan request and posts the funds to your bank, occasionally the bank won't release that loan immediately. It's important to let your bank know that you plan to receive a payday loan, so they could possibly make an exception in releasing the cash earlier.
Overall, it's best to prepare in advance 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 possess poor credit or no credit and are searching to get a payday loan, think about applying with us, as you most likely have a higher chance of approval.
We work with more than one hundred different lenders who provide their services online. Frequently you will receive your money on the following business day so ensure that you plan appropriately.
However, you can always locate the nearest payday loan store to you and apply in person to increase the chances of seeing your funds on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store too.
To find the nearest paycheck advance loan storefront, please use the list below and locate your city.
Payday Loan Direct Lender Companies in South Pasadena, FL
Below you will find a list of payday loan companies offering their services in South Pasadena, Florida. If you can't find a lender near your location in South Pasadena, 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 South Pasadena, 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.