Payday Loans in Concordia, Kansas

Incidents happen, and we often end up in a situation where we must cover some unforeseen costs. Consider applying for a payday advance loan in Concordia, KS, to see if you are eligible.

The loan process is swift and painless. To be eligible, borrowers must meet a couple of straightforward requirements.

What is a Paycheck Advance Loan? What Can It Be Used For?

A paycheck advance loan is where the borrower will get a small sum of cash on a short-term basis. This is considered an unsecured loan due to the fact that no collateral is required.

When unexpected expenses arise, like past due rent or utility payments, auto repairs, health or vet bills, and so forth, individuals frequently seek out payday loans.

Payday Loan Criteria In Concordia, Kansas

In Concordia, Kansas, payday loan borrowers must satisfy a few criteria to be eligible for a loan.

The borrower must:

• Prove that they reside in Concordia, Kansas
• Must be 18 or older
• Receive a steady stream of income that they can provide proof of being at least $1,000/month
• Provide current contact details such as cell phone number and email address
• Provide their social security number

If a borrower does not abide by the above criteria, they will immediately be denied a payday advance loan. Make sure you possess the documentation required when applying for a loan.

Laws and Regulations Concerning Paycheck Advance Loans in Concordia, KS

The State of Kansas has deemed payday advance lending legal. Still, they have enacted the following rules and laws for the cash advance lending industry:

• An individual lender can't extend a loan greater than $600. Borrowers are not allowed to possess greater than two unpaid loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the longest loan term length is 31 days. In Kansas, borrowers are unable to rollover their loans.
• The fees and charges are different 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 loaned and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can range up to 369%.

Will Payday Lenders in Concordia, KS, Perform Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work 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 as long as you can prove that you can repay the loan. Lenders are usually unbothered by your credit if you possess proof of income and a plan to repay the loan.

Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.

A hard credit inquiry, alternatively, requires your explicit consent. These credit pulls are performed for a variety of purposes, such as mortgages, credit cards, and more.

You can still be approved for a paycheck advance loan with poor credit in Concordia, Kansas, as long as you have proof of repayment.

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

When Will I Get My Loan in Concordia, KS?

When you see your money really relies on the lender as some lenders provide same-day payday loans, which means you will receive your paycheck advance loan on the same day you apply, as long as you're approved.

Much 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 get your cash until Monday.

If you're needing a same-day payday advance loan in Concordia, KS, you will need to ensure you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will boost the likelihood that you see your funds on the day that you submit your application.

One more consideration that you should know is even if the lender approves your application and posts the credit to your checking account, sometimes the bank won't release that funds right away. It's important to let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the money earlier.

Overall, it's wise to prepare in advance 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.

Think About Borrowing From Us

If you have poor credit or no credit and are wanting to get a payday advance loan, think about applying through us, as you usually have a higher chance of approval.

We partner with hundreds of different lenders who provide their services online. Much of the time you will receive your deposit on the next business day so make sure that you plan accordingly.

However, you can always locate the closest paycheck advance loan store to you and apply in person to increase the chances of seeing your funds on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may request proof of address, so bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Concordia, KS

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