Payday Loans in Tallahassee, Florida
Events happen, and we usually end up in a place where we have to pay for some unforeseen expenses. Consider submitting an application for a payday advance loan in Tallahassee, Florida, to see if you qualify.
The application process is swift and straightforward. To qualify, you must satisfy a couple of general requirements.
What is a Payday Loan? What Can It Be Used For?
A cash advance loan is where the borrower will be extended a petite amount of funds on a short-term basis. This is deemed to be an unsecured loan as no collateral is expected.
When surprise bills come up, for example past due rent or utility expenditures, vehicle fixes, health or vet payments, and so forth, individuals often rely upon paycheck advance loans.
Cash Advance Loan Criteria In Tallahassee, Florida
In Tallahassee, Florida, paycheck advance loan borrowers must satisfy a few stipulations to qualify for a loan.
The borrower has to:
- Show proof that they are a resident of Tallahassee, FL
- Must be 18 years of age
- Receive a steady income that they can provide proof of being at least $1,000 per month
- Provide current contact information like phone number and email address
- Give their social security number
If a borrower does not meet the above rules, they will immediately be denied a paycheck advance loan. Make sure you have the documents required when requesting a loan.
Laws and Regulations Concerning Cash Advance Loans in Tallahassee, FL
Florida has ruled payday lending legal. Still, they have enacted the following rules and laws for the payday lending industry:
- An individual money lender can't extend a loan greater than $600. Borrowers are not allowed to possess more than two outstanding loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In the State of Florida, borrowers are unable to rollover their loans.
- The fees and charges vary for each money lender. The service fees enacted by the lender on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
- An interest rate is required to be mutually settled upon. APR can range up to 369%.
Will Payday Lenders in Tallahassee, Florida, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, but, even if you have no credit or poor credit, you may still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are generally unconcerned about your credit if you provide proof of income and a plan to repay the loan.
Lenders will use a soft credit check, which will not impact your credit score. This is solely to get a look at your credit history and basic information.
A hard credit pull, on the other hand, must have your explicit consent. These credit checks are used for a variety of purposes, such as mortgages, credit card applications, and more.
You can still be approved for a paycheck advance loan with imperfect credit in Tallahassee, Florida, as long as you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, make sure that you have your income information ready and any other documents verifying that you can repay the loan. The more evidence you provide, the more likely you are to be approved.
When Will I See My Funds in Tallahassee, Florida?
When you get your loan actually relies on the lender as some lenders provide same-day paycheck advance loans, which means you will see your payday advance loan on the same day you request a loan, as long as you get an approval.
Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses generally 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 wanting a same-day paycheck advance loan in Tallahassee, FL, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will boost the likelihood that you see your deposit on the day that you submit your application.
One additional factor that you should be aware of is despite if the money lender approves your application and posts the loan to your bank, sometimes the bank won't release that loan at that time. It's important to let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the money earlier.
On the whole, it's wise to prepare ahead of time to get your deposit on the next business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Borrowing From Us
If you possess underwhelming credit or no credit and are wanting to get a payday loan, think about applying through us, as you probably have a better chance of approval.
We work with over one hundred different lenders who offer their services online. Often you will receive your funds on the next business day so ensure that you plan appropriately.
However, you can always locate the nearest payday advance loan storefront to you and apply in person to increase the chances of receiving your cash on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so bring a utility bill to the store as well.
To locate the nearest payday advance loan store, please refer to the list below and search for your city.
Payday Loan Direct Lender Companies in Tallahassee, FL
Below you will find a list of payday loan companies offering their services in Tallahassee, Florida. If you can't find a lender near your location in Tallahassee, 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 Tallahassee, 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.