Payday Loans in Three Lakes, Florida
Life happens, and we usually find ourselves in a spot where we must pay for some unexpected bills. Think about submitting an application for a paycheck advance loan in Three Lakes, FL, to see if you qualify.
The application process is fast and painless. To be qualified, borrowers have to meet a couple of simple criteria.
What is a Cash Advance Loan? What Can It Cover?
A payday loan is where the borrower will be extended a small amount of funds on a short-term agreement. This is considered an unsecured loan because no collateral is expected.
When unexpected costs arise, for example past due rent or utility payments, car bills, medical or vet costs, and so on, individuals often seek out paycheck advance loans.
Paycheck Advance Loan Criteria In Three Lakes, FL
In Three Lakes, Florida, paycheck advance loan borrowers are required to meet a few requirements to qualify for a loan.
The borrower has to:
- Show proof that they reside in Three Lakes, FL
- Must be 18 years old
- Have a steady income that they can prove that's at least $1,000/month
- Give current contact information including cell phone number and email address
- Give their social security number
If a borrower does not satisfy the above criteria, they will automatically be denied a paycheck advance loan. Ensure that you possess the documentation needed when applying.
Laws and Rules Concerning Paycheck Advance Loans in Three Lakes, FL
Florida has ruled payday lending legal. Still, they have enacted the below rules and laws for the payday lending industry:
- An individual lender can't extend a loan in excess of $600. Borrowers may not have greater than two active loans from different lenders. There is no smallest loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In the State of Florida, borrowers cannot rollover their loans.
- The fees and charges change for each lender. The service costs charged by lenders on a cash advance loan are not considered interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate is required to be mutually decided upon. APR can range up to 369%.
Will Payday Advance Lenders in Three Lakes, Florida, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, but, even if you have no credit or dismal credit, you may still be approved for a loan provided you can show that you are able to repay the loan. Lenders are usually unconcerned about your credit history if you provide proof of income and a strategy to repay the loan.
Lenders will use a soft credit inquiry, which will not impact your credit score. This is simply to get an idea of your credit history and basic information.
A hard credit check, on the other hand, must have your permission. These credit checks are used for various purposes, including mortgages, credit card applications, and more.
You might still be approved for a paycheck advance loan with imperfect credit in Three Lakes, Florida, as long as you have proof of repayment.
Therefore, when you request a loan, whether it is in person or online, ensure that you have your income information available and any other documents showing that you can repay the loan. The more proof you provide, the better chance you are to be approved.
When Will I Get My Funds in Three Lakes, FL?
When you see your loan truly depends on the lender as some lenders offer same-day payday advance loans, which means you will get your payday loan on the same day you apply, as long as you get an approval.
Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not receive your cash until Monday.
If you're wanting a same-day payday advance loan in Three Lakes, Florida, you will need to make sure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your funds on the same day that you apply.
One other factor that you should understand is even if the money lender grants your loan request and posts the credit to your bank, occasionally the bank won't release that credit immediately. It's important to let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the cash earlier.
On the whole, it's wise to prepare in advance to get cash on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Working With PaydayLoanRadar
If you possess poor credit or no credit and are wanting to get a cash advance loan, think about applying through us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Much of the time you will get your deposit on the following business day so make sure that you plan accordingly.
Although, you can always locate the closest payday advance loan store to you and apply in person to increase the chances of getting your funds 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. Now and again, lenders may request proof of address, so take along a utility bill to the store too.
To locate the nearest payday advance loan storefront, please refer to the list below and locate your city.
Payday Loan Direct Lender Companies in Three Lakes, FL
Below you will find a list of payday loan companies offering their services in Three Lakes, Florida. If you can't find a lender near your location in Three Lakes, 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 Three Lakes, 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.