Payday Loans in West Palm Beach, Florida
Incidents happen, and we often find ourselves in a place where we have to pay for some unforeseen costs. Think about submitting an application for a payday advance loan in West Palm Beach, FL, to see if you are eligible.
The loan application process is quick and effortless. To be eligible, loan borrowers have to meet a few general requirements.
What is a Payday Loan? What Can It Pay For?
A cash advance loan is where the borrower will receive a petite sum of money on a short-term basis. This is deemed to be an unsecured personal loan due to the fact that no collateral is expected.
When unexpected bills present themselves, such as missed rent or utility costs, car bills, health or vet costs, and so on, people often seek out cash advance loans.
Payday Loan Stipulations In West Palm Beach, FL
In West Palm Beach, FL, cash advance loan borrowers must meet a few stipulations to qualify for a loan.
The borrower has to:
- Show proof that they are a resident of West Palm Beach, FL
- Must be at least 18
- Have an income that they can provide proof of being at least $1,000 per month
- Provide current contact details like cell phone number and email address
- Provide their social security number
If a borrower does not satisfy the above requirements, they will automatically be denied a payday advance loan. Ensure that you can provide the documentation needed when requesting a loan.
Laws and Regulations Regarding Cash Advance Loans in West Palm Beach, Florida
Florida has deemed cash advance lending legal. Although, they have created the following rules and regulations for the paycheck advance lending market:
- An individual money lender can't extend a loan for more than $600. Borrowers may not have more than two outstanding loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the longest loan term length is 31 days. In Florida, borrowers cannot rollover their loans.
- The fees and charges change for each lender. The service fees enacted by lenders on a loan do not fall under interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Cash Advance Lenders in West Palm Beach, Florida, Complete 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, still, even if you possess no credit or bad credit, you may still be eligible for a loan as long as you can prove that you can repay the loan. Lenders are commonly unconcerned about your credit if you provide proof of income and a strategy to pay back the loan.
Lenders will rely on a soft credit pull, which will not impact your credit score. This is only to get a feel of your credit history and general information.
A hard credit check, dissimilarly, must have your explicit consent. These credit checks are utilized for a plethora of purposes, including mortgages, credit cards, and more.
You might still qualify for a cash advance loan with bad credit in West Palm Beach, Florida, as long as you have proof of repayment.
Therefore, when you apply, albeit in person or online, double check that you have your income information easily accessible and any other documents verifying that you can repay the loan. The more proof you have, the better chance you are to be approved.
When Will I See My Cash in West Palm Beach, FL?
When you get your cash truly depends on the lender as some lenders advertise same-day payday loans, which means you will see your payday advance loan on the same day you apply, as long as you're approved.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you might not see your loan until Monday.
If you're looking for a same-day cash advance loan in West Palm Beach, Florida, you will need to ensure you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your deposit on the day that you submit your application.
One more factor that you should know is despite if the money lender approves your application and posts the credit to your bank, occasionally the bank won't release that loan immediately. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the funds earlier.
On the whole, it's wise to prepare in advance to get your deposit on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Think About Working With Us
If you possess less than great credit or no credit and are searching to get a paycheck advance loan, think about applying with us, as you probably have a better chance of approval.
We work with over one hundred different lenders who provide their services online. Frequently you will get your loan on the following business day so make sure that you plan correctly.
Although, you can always locate the closest payday loan storefront to you and apply in person to strengthen the chances of receiving your money 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 bring a utility bill to the store as well.
To find the nearest paycheck advance loan store, please use the list below and locate your city.
Payday Loan Direct Lender Companies in West Palm Beach, FL
Below you will find a list of payday loan companies offering their services in West Palm Beach, Florida. If you can't find a lender near your location in West Palm Beach, 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 West Palm Beach, 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.