Payday Loans in Surfside, Florida
Life happens, and we usually wind up in a spot where we must cover some unforeseen expenses. Consider applying for a paycheck advance loan in Surfside, Florida, to see if you qualify.
The application process is fast and effortless. To qualify, you must meet a couple of straightforward requirements.
What is a Payday Loan? What Can It Cover?
A payday loan is where the borrower will get a petite amount of cash on a short-term basis. This is considered an unsecured loan as no collateral is needed.
When surprise bills arise, such as late rent or utility fees, auto costs, medical or vet bills, and so on, individuals commonly seek out payday loans.
Payday Loan Criteria In Surfside, FL
In Surfside, FL, payday loan borrowers must satisfy several stipulations to be eligible for a loan.
The borrower is required to:
- Prove that they are a resident of Surfside, Florida
- Must be 18 or older
- Receive an income that they can provide proof of being at least $1,000/month
- Give active contact details such as phone number and email address
- Provide their social security number
If a borrower does not meet the above criteria, they will immediately be denied a paycheck advance loan. Make sure you possess the documents required when applying for a loan.
Laws and Rules Concerning Payday Advance Loans in Surfside, FL
The State of Florida has deemed payday advance lending legal. Still, they have set the below rules and regulations for the cash advance lending industry:
- A single lender cannot extend a loan in excess of $600. Borrowers cannot take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In Florida, borrowers may not rollover their loans.
- The fees and charges change for each lender. The service fees enacted by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can vary from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can range up to 369%.
Will Payday Lenders in Surfside, Florida, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we have a relationship with will perform a credit check on you, but, even if you have no credit or dismal credit, you may still be eligible for a loan provided you can show that you are able to pay back the loan. Lenders are commonly unbothered by your credit if you provide proof of income and a strategy to pay back the loan.
Lenders will use a soft credit check, which will have no impact on your credit score. This is solely to get an idea of your credit history and general information.
A hard credit pull, alternatively, needs your permission. These credit checks are used for a variety of purposes, such as mortgages, credit card applications, and more.
You might still qualify for a paycheck advance loan with bad credit in Surfside, FL, provided that you can prove you will repay the loan.
Therefore, when you request a loan, whether it is in person or online, ensure that you have your income information easily accessible and any other documents showing that you can repay the loan. The more proof you have, the better chance your loan request will be granted.
When Will I See My Cash in Surfside, FL?
When you see your deposit truly relies on the lender as some lenders advertise same-day payday advance loans, which means you will get your payday loan on the same day you request a loan, as long as you get an approval.
Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you apply on a Friday, you may not get your funds until Monday.
If you're looking for a same-day paycheck advance loan in Surfside, Florida, you will need to ensure 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 request a loan earlier than that if possible, as it will boost the likelihood that you see your money on the same day that you submit your application.
One other consideration that you should know is despite if the lender grants your loan request and posts the deposit to your bank, sometimes the bank won't release that credit immediately. It's paramount that you let your bank know that you plan to get a cash advance loan, so they could possibly make an exception in releasing the money earlier.
On the whole, it's best to prepare in advance to get your funds on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Consider Borrowing From PaydayLoanRadar
If you have bad credit or no credit and are searching to secure a payday loan, think about applying through us, as you frequently have a better chance of approval.
We partner with hundreds of different lenders who provide their services online. Often you will receive your deposit on the following business day so ensure that you plan appropriately.
Although, you can always locate the nearest payday advance loan storefront to you and apply in person to increase the chances of receiving your funds on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may require proof of address, so bring a utility bill to the store as well.
To find the nearest cash advance loan storefront, please navigate to the list below and locate your city.
Payday Loan Direct Lender Companies in Surfside, FL
Below you will find a list of payday loan companies offering their services in Surfside, Florida. If you can't find a lender near your location in Surfside, 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 Surfside, 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.