Payday Loans in Union Park, Florida
Events happen, and we usually end up in a place where we have to cover some unforeseen expenses. Think about submitting an application for a paycheck advance loan in Union Park, FL, to see if you are eligible.
The application process is fast and painless. To qualify, borrowers have to meet a couple of simple requirements.
What is a Cash Advance Loan? What Can It Be Put Towards?
A payday advance loan is where the borrower will receive a petite amount of money on a short-term basis. This is considered an unsecured loan because no collateral is needed.
When unexpected costs present themselves, such as past due rent or utility bills, vehicle repairs, health or vet costs, and so forth, individuals usually rely upon payday advance loans.
Payday Loan Stipulations In Union Park, Florida
In Union Park, Florida, payday advance loan borrowers are required to satisfy several requirements to be eligible for a loan.
The borrower is required to:
- Show proof that they are a resident of Union Park, FL
- Must be at least 18
- Receive an income that they can prove that's at least $1,000 per month
- Provide current contact details including phone number and email address
- Give their SSN
If a borrower does not abide by the above requirements, they will automatically be denied a payday loan. Ensure that you possess the documents required when requesting a loan.
Laws and Regulations Regarding Payday Advance Loans in Union Park, FL
Florida has ruled payday advance lending legal. Still, they have set the below rules and laws for the payday lending market:
- A single lender cannot offer a loan greater than $600. Borrowers are not allowed to take out more than two unpaid loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not determined, the maximum loan term length is 31 days. In Florida, borrowers are not allowed to rollover their loans.
- The fees and charges are different for each money lender. The service fees charged by the lender on a loan are not considered interest. The service fees apply to every $100 loaned and can vary between 11-15%.
- An interest rate must be mutually agreed upon. APR can range up to 369%.
Will Payday Lenders in Union Park, FL, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, still, even if you possess no credit or less than stellar credit, you might still be approved for a loan given that you can show that you can repay the loan. Lenders are typically unconcerned about your credit if you offer proof of income and a strategy to pay back the loan.
Lenders will perform a soft credit check, which will not impact your credit score. This is only to get a feel of your credit history and general information.
A hard credit pull, alternatively, must have your explicit consent. These credit inquiries are performed for various purposes, including mortgages, credit card applications, and more.
You may still qualify for a payday loan with poor credit in Union Park, FL, as long as you can prove you will repay the loan.
So, when you apply for a loan, albeit in person or online, make sure that you have your income information ready and any other documents showing that you can repay the loan. The more proof you provide, the better chance your loan request will be granted.
When Will I Get My Loan in Union Park, FL?
When you get your cash truly relies on the lender as some lenders provide same-day paycheck advance loans, which means you will get your cash advance loan on the same day you request a loan, as long as you're approved.
Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. So, if you apply on a Friday, you may not receive your loan until Monday.
If you're needing a same-day payday loan in Union Park, FL, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you receive your money on the day that you submit your application.
One other consideration that you should be aware of is even if the lender grants your loan request and posts the funds to your bank, occasionally the bank won't release that loan right away. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the deposit earlier.
On the whole, it's wise to prepare ahead of time to receive your funds on the following business day. That way, you're not surprised if you cannot get it on the same day.
Consider Borrowing From Us
If you have poor credit or no credit and are looking to get a payday advance loan, think about applying with us, as you usually have a higher chance of approval.
We partner with over one hundred different lenders who offer their services online. Often you will receive your cash on the next business day so make sure that you plan correctly.
However, you can always locate the closest payday loan store to you and apply in person to strengthen the chances of getting your cash on the same business 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 request proof of address, so take along a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please navigate to the list below and search for your city.
Payday Loan Direct Lender Companies in Union Park, FL
Below you will find a list of payday loan companies offering their services in Union Park, Florida. If you can't find a lender near your location in Union Park, 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 Union Park, 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.