Payday Loans in Temple Terrace, Florida
Things happen, and we often find ourselves in a situation where we must pay for some unexpected costs. Think about submitting an application for a payday loan in Temple Terrace, FL, to see if you are eligible.
The loan request process is fast and painless. To be qualified, you must meet a few straightforward criteria.
What is a Cash Advance Loan? What Can It Cover?
A cash advance loan is where the borrower will be extended a small sum of funds on a short-term agreement. This is considered an unsecured personal loan as no collateral is expected.
When unexpected financial needs present themselves, such as missed rent or utility costs, auto repairs, health or vet bills, and so on, individuals often seek out paycheck advance loans.
Payday Loan Stipulations In Temple Terrace, Florida
In Temple Terrace, Florida, payday loan borrowers need to satisfy a few stipulations to qualify for a loan.
The borrower has to:
- Prove that they live in Temple Terrace, Florida
- Must be 18 years of age
- Receive an income that they can provide proof of being at least $1,000 per month
- Give current contact information including phone number and email address
- Provide their social security number
If a borrower does not satisfy the above rules, they will automatically be denied a payday loan. Make sure you have the documents required when submitting your application.
Laws and Rules Regarding Payday Advance Loans in Temple Terrace, FL
The State of Florida has deemed paycheck advance lending legal. However, they have enacted the below rules and regulations for the payday advance lending industry:
- An individual lender can't extend a loan greater than $600. Borrowers cannot possess greater than two active 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 cannot rollover their loans.
- The fees and charges are different for each money lender. The service fees charged by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate must be mutually agreed upon. APR can be as much as 369%.
Will Payday Lenders in Temple Terrace, Florida, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, but, even if you possess no credit or poor credit, you might still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are commonly unbothered by your credit if you provide proof of income and a plan to repay the loan.
Lenders will use a soft credit inquiry, which will have no impact on your credit score. This is solely to get a look at your credit history and basic information.
A hard credit inquiry, dissimilarly, must have your explicit consent. These credit pulls are performed for various purposes, such as mortgages, credit card applications, and more.
You might still qualify for a payday advance loan with less than great credit in Temple Terrace, FL, provided that you have proof of repayment.
Therefore, when you apply for a loan, whether it is in person or online, make sure that you have your income information at hand and any other documents proving that you can pay back the loan. The more proof you possess, the more likely your loan request will be granted.
When Will I See My Funds in Temple Terrace, FL?
When you get your money really depends on the lender as some lenders advertise same-day paycheck advance loans, which means you will see your payday advance loan on the same day you submit your application, as long as you receive an approval.
Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Therefore, if you apply on a Friday, you might not see your money until Monday.
If you're needing a same-day cash advance loan in Temple Terrace, Florida, 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 cut-off. However, you should request a loan earlier than that if able, as it will increase the likelihood that you get your loan on the same day that you submit your application.
One other factor that you should understand is even if the lender grants your loan request and posts the loan to your bank, occasionally the bank won't release that credit immediately. It's vital 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.
Overall, it's best to prepare in advance to receive cash on the next business day. That way, you're not surprised if you cannot get it on the same day.
Consider Borrowing From PaydayLoanRadar
If you have underwhelming credit or no credit and are wanting to secure a paycheck advance loan, think about applying through 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. Most of the time you will receive your deposit on the next business day so ensure that you plan correctly.
However, you can always find the closest payday loan storefront to you and apply in person to increase the chances of getting your money on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so bring a utility bill to the store as well.
To locate the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Temple Terrace, FL
Below you will find a list of payday loan companies offering their services in Temple Terrace, Florida. If you can't find a lender near your location in Temple Terrace, 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 Temple Terrace, 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.