Payday Loans in Ames, Iowa

Life happens, and we usually find ourselves in a place where we must pay for some unexpected costs. Consider applying for a paycheck advance loan in Ames, IA, to see if you qualify.

The loan process is swift and simple. To be qualified, borrowers have to satisfy a few general requirements.

What is a Paycheck Advance Loan? What Can It Be Put Towards?

A paycheck advance loan is where the borrower will receive a petite amount of money on a short-term contract. This is considered an unsecured loan because no collateral is needed.

When unexpected costs come up, like missed rent or utility expenditures, auto fixes, health or vet fees, and so on, people usually rely upon paycheck advance loans.

Payday Loan Requirements In Ames, IA

In Ames, Iowa, cash advance loan borrowers are required to meet a few criteria to qualify for a loan.

The borrower has to:

• Prove that they live in Ames, Iowa
• Must be 18 years old
• Have a steady stream of income that they can provide proof of being at least $1,000/month
• Give current contact information such as phone number and email address
• Give their social security number

If a borrower does not satisfy the above requirements, they will immediately be denied a paycheck advance loan. Make sure you can provide the documentation required when submitting your application.

Laws and Rules Regarding Payday Advance Loans in Ames, Iowa

Iowa has ruled cash advance lending legal. Although, they have set the following rules and laws for the payday lending market:

• An individual money lender cannot offer a loan in excess of $600. Borrowers cannot have greater than two outstanding loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of Iowa, borrowers are unable to rollover their loans.
• The fees and charges change for each loan lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
• An interest rate must be mutually settled upon. APR can be as high as 369%.

Will Cash Advance Lenders in Ames, Iowa, Complete Credit Checks? What If I Have Bad/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 dismal credit, you might still be eligible for a loan given that you can prove that you can pay back the loan. Lenders are generally unconcerned about your credit if you possess proof of income and a plan to pay back the loan.

Lenders will conduct a soft credit check, which will have no impact on your credit score. This is only to get a feel of your credit history and general information.

A hard credit pull, alternatively, requires your permission. These credit checks are used for various purposes, including mortgages, credit card applications, and more.

You may still be approved for a paycheck advance loan with imperfect credit in Ames, Iowa, provided that you can prove you will repay the loan.

Therefore, when you apply, whether it is in person or online, make sure that you have your income information ready and any other documents verifying that you can pay back the loan. The more proof you have, the better chance you are to be approved.

When Will I Get My Funds in Ames, IA?

When you see your money truly relies on your lender as some lenders advertise same-day payday loans, which means you will get your paycheck advance loan on the same day you apply, as long as you get an approval.

Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your funds until Monday.

If you're needing a same-day paycheck advance loan in Ames, Iowa, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you receive your funds on the same day that you submit your application.

One other factor that you should know is despite if the lender grants your loan request and posts the credit to your checking account, sometimes the bank won't release that credit right away. It's paramount that you let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the money earlier.

On the whole, it's best to prepare ahead of time to get money on the next business day. That way, you're not out of luck if you cannot receive it on the same day.

Consider Borrowing From PaydayLoanRadar

If you have bad credit or no credit and are searching to get a cash advance loan, think about applying with us, as you most likely have a higher chance of approval.

We work with over one hundred different lenders who offer their services online. Frequently you will receive your loan on the following business day so ensure that you plan correctly.

However, you can always locate the nearest paycheck advance loan store to you and apply in person to boost the chances of getting your loan on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may require proof of address, so take along a utility bill to the store too.

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 Ames, IA

Below you will find a list of payday loan companies offering their services in Ames, Iowa. If you can't find a lender near your location in Ames, consider applying in a nearby city in Iowa. Alternatively, you can apply online on our website and get a decision almost instantly.