Payday Loans in Huntington, Indiana
Life happens, and we often find ourselves in a place where we must pay for some unforeseen bills. Think about submitting an application for a cash advance loan in Huntington, Indiana, to see if you are eligible.
The application process is fast and simple. To qualify, loan borrowers must meet a couple of general conditions.
What is a Cash Advance Loan? What Can It Cover?
A payday loan is where the borrower will be extended a petite amount of money on a short-term basis. This is deemed to be an unsecured loan because no collateral is expected.
When unforeseen bills come up, like late rent or utility bills, auto bills, medical or vet bills, and so forth, individuals commonly rely upon payday loans.
Cash Advance Loan Criteria In Huntington, Indiana
In Huntington, IN, payday advance loan borrowers are required to meet a few requirements to qualify for a loan.
The borrower must:
- Provide proof that they reside in Huntington, IN
- Must be 18 years of age
- Receive a steady income that they can prove that's at least $1,000/month
- Provide current contact information like cell phone number and email address
- Give their SSN
If a borrower does not abide by the above requirements, they will immediately be denied a paycheck advance loan. Ensure that you can provide the documents needed when requesting a loan.
Laws and Regulations Regarding Paycheck Advance Loans in Huntington, Indiana
The State of Indiana has ruled payday advance lending legal. Still, they have set the below rules and laws for the cash advance lending market:
- An individual lender cannot offer a loan greater than $600. Borrowers may not possess more than two unpaid 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 Indiana, borrowers cannot rollover their loans.
- The fees and charges vary for each money lender. The service fees enacted by the lender 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 Huntington, IN, Perform Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we work with will run a credit check on you, still, even if you possess no credit or poor credit, you may still be eligible for a loan given that you can prove that you are able to pay back the loan. Lenders are commonly unbothered by your credit if you have proof of income and a plan to pay back the loan.
Lenders will use a soft credit check, which will not impact your credit score. This is simply to get a feel of your credit history and general information.
A hard credit pull, alternatively, must have your explicit consent. These credit pulls are performed for a variety of purposes, including mortgages, credit cards, and more.
You may still qualify for a payday advance loan with poor credit in Huntington, Indiana, as long as you can prove you will repay the loan.
Therefore, when you apply for a loan, whether it is in person or online, ensure that you have your income information ready and any other documents proving that you can pay back the loan. The more evidence you have, the more likely your loan request will be granted.
When Will I Get My Money in Huntington, IN?
When you receive your cash really relies on the lender as some lenders advertise same-day payday loans, which means you will get your payday loan on the same day you request a loan, as long as you receive an approval.
Most 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 funds until Monday.
If you're wanting a same-day payday loan in Huntington, Indiana, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you get your loan on the day that you apply.
One more factor that you should understand is despite if the money lender approves your application and posts the loan to your checking account, sometimes the bank won't release that loan right away. It's important to let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the deposit earlier.
Overall, it's wise to prepare in advance to get your funds on the next business day. That way, you're not surprised 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 wanting to secure a payday advance loan, think about applying through us, as you probably have a higher chance of approval.
We work with more than one hundred different lenders who provide their services online. Most of the time you will see your cash on the next business day so ensure that you plan appropriately.
Although, you can always locate the nearest payday advance loan storefront to you and apply in person to strengthen the chances of receiving 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 will work as well. Infrequently, lenders may request proof of address, so bring a utility bill to the store as well.
To find the nearest cash advance loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in Huntington, IN
Below you will find a list of payday loan companies offering their services in Huntington, Indiana. If you can't find a lender near your location in Huntington, consider applying in a nearby city in Indiana. 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 Huntington, 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.