Payday Loans in Dubuque, Iowa

Incidents happen, and we often end up in a spot where we have to pay for some surprise expenses. Think about applying for a paycheck advance loan in Dubuque, IA, to see if you are eligible.

The loan process is quick and effortless. To be qualified, loan borrowers have to satisfy a couple of general requirements.

What is a Cash Advance Loan? What Can It Pay For?

A payday loan is where the borrower will get a small amount of cash on a short-term basis. This is considered an unsecured loan because no collateral is expected.

When unexpected financial needs come up, like past due rent or utility fees, vehicle bills, medical or vet bills, and so forth, individuals often rely upon cash advance loans.

Payday Advance Loan Stipulations In Dubuque, IA

In Dubuque, IA, paycheck advance loan borrowers are required to meet several stipulations to qualify for a loan.

The borrower is required to:

• Prove that they reside in Dubuque, Iowa
• Must be 18 years of age
• Have an income that they can prove that's at least $1,000/month
• Give up-to-date contact details like cell 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 cash advance loan. Make sure you can provide the documents needed when applying for a loan.

Laws and Regulations Concerning Payday Loans in Dubuque, Iowa

The State of Iowa has deemed payday advance lending legal. Although, they have created the below rules and laws for the paycheck advance lending industry:

• An individual money lender cannot extend a loan greater than $600. Borrowers cannot have greater than two outstanding loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of Iowa, borrowers are unable to rollover their loans.
• The fees and charges are different for each 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 range from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can be as high as 369%.

Will Payday Advance Lenders in Dubuque, IA, Perform Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will perform a credit check on you, but, even if you possess no credit or less than optimal credit, you might still be eligible for a loan as long as you can prove that you are able to repay the loan. Lenders are commonly unbothered by your credit history if you offer proof of income and a strategy to repay the loan.

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

A hard credit pull, dissimilarly, must have your permission. These credit checks are performed for a plethora of purposes, such as mortgages, credit cards, and more.

You might still be approved for a paycheck advance loan with bad credit in Dubuque, IA, provided that you can prove you will repay the loan.

So, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents verifying that you can repay the loan. The more proof you show, the more likely your loan request will be granted.

When Will I Receive My Money in Dubuque, Iowa?

When you see your deposit really depends on your lender as some lenders advertise same-day paycheck advance loans, which means you will see your cash advance loan on the same day you apply, as long as you get an approval.

Most of the time, though, 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 apply on a Friday, you may not receive your money until Monday.

If you're needing a same-day payday loan in Dubuque, Iowa, you will need to be sure that you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you see your funds on the day that you submit your application.

One other factor that you should understand is despite if the money lender grants your loan request and posts the credit to your bank account, sometimes the bank won't release that credit at that time. It's important to let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the cash earlier.

On the whole, it's wise to prepare ahead of time to receive money on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.

Consider Borrowing From Us

If you have underwhelming credit or no credit and are looking to get a paycheck advance loan, think about applying through us, as you most likely have a better chance of approval.

We work with over one hundred different lenders who offer their services online. Most of the time you will get your deposit on the next business day so make sure that you plan appropriately.

However, you can always locate the closest paycheck advance loan storefront to you and apply in person to strengthen the chances of seeing 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 will work as well. Sometimes, lenders may require proof of address, so take along a utility bill to the store too.

To locate the nearest cash advance loan store, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Dubuque, IA

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