Payday Loans in Clive, Iowa

Incidents happen, and we often wind up in a situation where we have to cover some unforeseen bills. Consider submitting an application for a payday advance loan in Clive, IA, to see if you meet the requirements.

The application process is fast and painless. To qualify, loan borrowers have to satisfy a few simple criteria.

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

A payday advance loan is where the borrower will get a petite sum of funds on a short-term contract. This is thought of as an unsecured personal loan because no collateral is required.

When surprise expenses come up, for example late rent or utility payments, auto bills, medical or vet payments, and so on, people usually turn to payday advance loans.

Paycheck Advance Loan Criteria In Clive, IA

In Clive, IA, paycheck advance loan borrowers must satisfy a few criteria to qualify for a loan.

The borrower is required to:

• Provide proof that they live in Clive, IA
• Must be 18 years of age
• Have a steady income that they can prove that's at least $1,000 per month
• Give active contact details including cell phone number and email address
• Provide their social security number

If a borrower does not satisfy the above criteria, they will immediately be denied a payday advance loan. Make sure you can provide the documents needed when applying.

Laws and Rules Regarding Payday Advance Loans in Clive, Iowa

The State of Iowa has ruled cash advance lending legal. Although, they have put forth the below rules and laws for the payday lending market:

• An individual money lender cannot extend a loan greater than $600. Borrowers may not have more than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In Iowa, borrowers may not rollover their loans.
• The fees and charges vary for each lender. The service fees charged by the lender on a payday loan are not considered 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 settled upon. APR can be as much as 369%.

Will Cash Advance Lenders in Clive, IA, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, still, even if you have no credit or bad credit, you might still be eligible for a loan provided you can prove that you are able to pay back the loan. Lenders are generally unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.

Lenders will perform a soft credit pull, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.

A hard credit pull, alternatively, needs your explicit consent. These credit checks are done for a variety of purposes, such as mortgages, credit card applications, and more.

You can still qualify for a cash advance loan with less than great credit in Clive, Iowa, as long as you have proof of repayment.

So, when you apply, whether it is in person or online, ensure 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 your loan application will be approved.

When Will I Get My Funds in Clive, IA?

When you get your loan really depends on your lender as some lenders offer same-day paycheck advance loans, which means you will see your paycheck advance loan on the same day you submit your application, as long as you receive an approval.

Much of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not get your money until Monday.

If you're needing a same-day payday loan in Clive, IA, you will need to make sure you're applying by 10:30 am. Any and all same-day deposits 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 funds on the same day that you submit your application.

One other consideration that you should know is even if the lender grants your loan request and posts the deposit to your checking account, sometimes the bank won't release that credit at that time. It's important to let your bank know that you plan to get a payday loan, so they might make an exception in releasing the money earlier.

On the whole, it's best to prepare in advance to get cash on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Think About Borrowing From Us

If you have underwhelming credit or no credit and are looking to get a payday advance loan, think about applying with us, as you probably have a better chance of approval.

We partner with more than one hundred different lenders who offer their services online. Often you will get your money on the next business day so ensure that you plan correctly.

Although, you can always find the closest payday advance loan storefront to you and apply in person to increase the chances of receiving your funds on the same day. When submitting an application in person, ensure 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 storefront, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Clive, IA

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